A Comprehensive Review On Regulatory and Market Study of Cosmeceutical Product in India
DOI:
https://doi.org/10.61114/UJPSR.9.2.2023.6-18Keywords:
cosmeceutical, skin, fragrance, excipients, parabensAbstract
As per the market analysis the cosmetic industry of India was prognosticate to reach a value of about 3 billion U.S dollar in 2012 to 20 billion U.S dollar in 2025. In this article the latest market value of cosmeceutical products in USD has been highlighted in a concise way. Cosmeceutical-grade products are a hybrid of pharmaceutical and cosmetic products but aren’t FDA approved. From the Greek word "kosmetikos" the term "cosmetic" was created. Cosmetic which means any article intended to be rubbed, sprayed or applied to any part of the human body for cleansing and altering the appearance, also includes any article intended for use as a component of cosmetics. A cosmetic product can only be used on the skin's exterior layer; therefore, it cannot effectively treat a particular disease condition. The chemicals like BHA and BHT, Coal Tar Dyes, DEA (Cocamide DEA and Lauramide DEA), Di butyl Phthalate (DBP), parabens, perfume, siloxane etc; are the chemicals that are used while preparing cosmeceutical which possess many health issues. After observing the benefits and growth of cosmeceuticals, as well as the health hazard aspect of the cosmeceutical formulation, there is indeed a need for stringent regulation for control of harmful substances in cosmeceuticals i.e. the safety concern in the product. Not only has the incorporation of newer and modern formulation components in the cosmeceutical products also emphasized on the importance of how these products are regulated in the Indian market.
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