Page 183 - CW E-Magazine (12-12-2023)

In-Cosmetics Asia 2023

Care & HI&I) and a Material Science concept of Thai beauty and the growing fast. With online purchasing taking
business. demand for solutions addressing con- hold and many new cosmetic compa-
sumers’ specific skin and hair needs. nies starting operations, the Indian mar-
Later, speaking about the market Commenting on the Indian market, ket is extremely active and vibrant. We
trends in the Asia-Pacific region, Mr. Bleger said, “The Indian personal care are very excited to be there and happy
Ms. Ruangsorn highlighted the emerging market is booming; its growing very with our performance in India.”

France’s Argeville focuses on fragrance innovations

Argeville, France-based family-
owned firm specialising in compo-
sition and sales of ingredients, fra-
grances and flavours, put the focus on
three signature accords designed by
their perfumers:
“Sound Your Soul” – presenting
comforting scents of enveloping
essences to create a relaxing
atmosphere and bring wellness;
“Save your essentials” – a ‘back to
the roots’ composition; and
“Texturize your mood” – serving
as a gateway into the enigmatic
and nuanced sphere of the meta-
verse.

Founded in 1921, Argeville is now
headed by Mr. Xavier Ardizio and grance compositions (more than 80% ingredients. The company opened a
specialising in the production of fra- of sales), food flavourings and natural new centre in Mumbai recently.

COUNTRY FOCUS
Focus on growth opportunities in Indian beauty and

personal care market

The Indian beauty and personal care
market, which is growing at a rate of
10% every year, is on course to double
in size by 2030. Currently valued at
$15-bn, India now ranks as the world’s 8th
largest market, just after France, accord-
ing to Euromonitor International.

Recognising the market’s huge
potential, this year In-Cosmetics Asia
put the spotlight on India under its
‘Country Focus’ feature – which saw
the presence of Indian suppliers of
raw materials like essential oils and
fragrances being highlighted, besides
a number of presentations made by

Chemical Weekly December 12, 2023 183

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