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Why Early-Stage Consumer Brands Are Foraying Abroad
Mint New Delhi
|January 20, 2025
High-end products across sectors often struggle to attract price-sensitive Indian consumers
India's early-stage consumer brands in the premium segment are eyeing international expansion much earlier in their journey this year, targeting global markets where demand for expensive products outpaces purchases back home.
Unlike mass-market brands that have established a strong foothold in India, high-end products across sectors like beauty and personal care, food and packaged goods, and over-the-counter pharmaceuticals often struggle to find enough takers among price-sensitive consumers in India, pushing them to explore global markets, experts told Mint.
Tego Fit, a Mumbai-based brand selling premium fitness products like yoga mats and activewear at prices starting at ₹1,999, has begun conducting tests across marketplaces in the US, Australia, and UAE to gauge product resonance, its co-founder Krishna Chandak said.
"While some products have shown stronger traction in certain regions, the US stands out for its potential to scale," he added.
Dit verhaal komt uit de January 20, 2025-editie van Mint New Delhi.
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