Pharma Biggies Vie for a Bigger Share of the Fast Growing Domestic Mouthwash Category in Oral Care...
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Pharma Biggies Vie for a Bigger Share of the Fast Growing Domestic Mouthwash Category in Oral Care Segment Worth Rs 600 Crore and Growing at 25% Annually
* Elder Pharma relaunches AMPM Mouthwash - also introduces a Specific Mouthwash for smokers/tobacco users. * Becomes 3rd major entity after J&J and Colgate in this field; targets 5% market share.
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1. Pharma Biggies Vie for a Bigger Share of the Fast Growing
DomesticMouthwash Category in Oral Care Segment Worth Rs 600 Crore
andGrowing at 25% Annually* Elder Pharma relaunches AMPM Mouthwash
- also introduces a SpecificMouthwash for smokers/tobacco users. *
Becomes 3rd major entity afterJ&J and Colgate in this field;
targets 5% market share.Mumbai, India, October 24th, 2014 -- With
the completion of its deal with TorrentPharma for Rs 2,000 crore
involving sale of select brands, Elder Pharmaceuticals Limited(BSE:
532322 | NSE:ELDERPHARMEQ) has laid out aggressive expansion plans
forachieving a turnover of Rs 1000 crore by FY 2017. In addition to
its thrust on the Anti-infectives,Multi Vitamins and Skin care
segments, Elder has identified the fast growingmouthwash category
in the Oral c are industry as its focus area and to this effect
hasrelaunched its famous AMPM range of mouthwash with an addition
of a range forSmokers / tobacco users.Indian oral care industry,
over the last few years, has been one of the fast growingFMCG
sectors. The oral care industry is segmented into five categories
which includetoothpaste, toothbrush, toothpowder, mouthwashes,
other oral care products such asdental flosses and chewing
gum.According to Alok Saxena, Managing Director, Elder Pharma,
Among Oral Careproducts, the mouthwash category has seen high
penetration levels with substantialmarket expansion even in rural
and semi-urban areas. There is a major change in theconsumer tastes
and preferences towards easy to use oral care products in the
market.Companies like Elder, focusing on advance solutions for oral
health problems for theconsumer, are receiving good response from
the market.Developed by the R&D scientists at Elder Pharma in
joint co-operation with practicingdentists, the new AMPM Mouthwash
has as its key ingredient Triclosan, anantibacterial and antifungal
agent. Triclosan has been shown to be effective in reducingand
controlling bacterial contamination and fighting germs. In addition
to its anti plaqueand anti cavity properties, AMPM has been
designed to fight gum recession, dry mouth,tobacco odour, tartar
build up and tooth staining from smoking, yellowing or browningof
front teeth due to exhaling tobacco smoke.AMPM is available in 3
variants AMPM PLUS, AMPM SPECIAL and the newly launchedAMPM
NICOFRESH specially formulated for smokers/tobacco users. Smoking
not onlycauses bad breath but leaves stains on teeth and leads to
gum diseases. In addition toTRICLOSAN, AMPM NICOFRESH contains
Sodium Perborate which helps remove smokeand tobacco tar. The
oxygenating effect of NICOFRESH hits one of the most
stubbornsources of sulfur-producing bacteria and stops it at its
source.
2. Going ahead Elder is also planning to launch mouthwashes
based on natural ingredientslike aloe vera, green tea and
probiotics under the AMPM range.The Domestic mouthwash industry is
presently valued at Rs 600 crore and growing at 25 30% pa. Online
ecommerce players and organized retail chains are also playing
amajor role in the market expansion of mouthwashes as oral health
& hygiene awarenessincreases by the day. The leader in the
mouthwash category is Listerine which accountsfor 70% of market
share while Colgate Plax has 17% share. Elder hopes to garner a
5-7%share in the next few years.Adds Saxena, The industry has
expanded with the introduction of innovative andcondition-specific
products like mouthwashes for sensitive teeth, for gum care ,
fordiscoloration of teeth, for smokers etc. Increased competition
from Internationalplayers has also meant reaching out to the last
mile population to promote products.Elders growth strategy is to
lay emphasis on expanding the brands remaining with itselfpost
Torrent deal and strengthening them rather than launch new
products. Newproducts are also in the pipeline but will be
introduced in a phased manner once theexisting brands reach a
critical level. Elder groups target of Rs 1000 cr turnover by
2017will see equal contribution from its domestic and international
operations.Press & Media Contact:Mitesh M KapadiaSentinel
Public Relations Pvt Ltd / Sentinel Advertising ServicesB-603,
Samajdeep, Near Bhanu Park/Seasons RestaurantAdukia Road, Off S V
RoadKandivli (W), Mumbai 400 067 IndiaMob: +91 98205 03876Tel:
(022) 28625131/32Fax: (022)
[email protected]://www.publicrelationindia.comhttp://www.elderindia.com