Galderma is a Switzerland based company, which is owned by food and beverage huge Nestle, plans to tap the skincare and beauty market in India. It is gaming big on its range of anti-ageing injectables and expects to capture a huge share in India’s thriving beauty market. The head of Regional Center of Excellence, Galderma said, “Our range of Restylane vital skin boosters is getting encouraging response in India. The company will soon launch a new range of products in this segment.”
Currently, the company sells a little over 30 dermatology medicines on the prescription basis. Now, it is foraying into anti- ageing and OTC segments. The company has introduced three to four products in the aesthetic and corrective sectors, which includes its range of Restylane essential skin boosters. By the year 2017, it aims to launch at least 12 more products, of which 8 would be launched this year.
Galderma also expected to launch an OTC skin care business and has identified to launch five specific brands within the next two years. The company is targeting a five-fold growth in annual sales to ₹ 500 crore by the year 2018 in its dermatology business in India.
Galderma was founded as a 50:50 venture of Nestle and L’Oreal; however, Nestle bought the other 50 percent last month. The company has added acne and skin cancer treatments to the healthcare product line of Nestle, which is in India for 11 years. This includes nutrition drink brands, such as Boost and some other soluble fibre supplements.
The company has started academies in Mumbai and New Delhi to train doctors in aesthetic medicine delivery in order to have a firm footing in the anti-ageing injectable market. The sole idea is to create a market and standard treatment protocols for the Indian face.
According to the head of the company, the company expects to make its strong presence in the Indian aesthetic market with this product range. In 2012, the size of the beauty care industry in India was estimated at ₹ 29,000 crore. The Galderma India Head, Madhusudhan H. K said, “ the academy will help in honing their skills in latest treatment in facial enhancement through dermal fillers. At the academy, our experts will conduct round the year training sessions to meet the requirements of Indian medical aesthetic practitioners.”
The company has manufacturing units in different countries, such as the US, France and mainly imports its products and sells in India.