openPR Logo
Press release

Indonesia Skin Care Products Market size is projected reach $14,716 million by 2027, registering a CAGR of 7.5% from 2021 to 2027

03-03-2021 03:50 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Report Ocean

According to a new report published by Report Ocean, titled, “Indonesia Skin Care Products Market by Product Type, Demographic, Age Group, and Sales Channel: Opportunity Analysis and Industry Forecast, 2021–2027,”the Indonesia skin care products market size was valued at $9,758 million in 2019, and is projected reach $14,716 million by 2027, registering a CAGR of 7.5% from 2021 to 2027.

GET SAMPLE PAGES @ https://www.reportocean.com/industry-verticals/sample-request?report_id=AMR1142

In 2017, Indonesia recorded 25% rise in registration of local cosmetic companies, majorly the small- and medium-scale enterprises, owing to the government support for the growth of the sector. Hence, currently the total industries are more then 76,095, which are small and medium enterprises. Furthermore, the government is focusing on this industry as evidenced in the President Direction (Indonesian: Perpres) No. 14 Year 2015 about National Development Core Planning Year 2015-2035 in which cosmetic and traditional medicine industries are becoming diversified national economic backbones. Despite various promotional and marketing efforts by domestic brands in years, global brands, be it locally manufactured or imported, still dominate skin care products sales in Indonesia. The superiority of such brands is difficult to break as skin care products have specific target customers and they tend to be loyal to a particular brand. They cannot easily switch to other products even if the competitors provide equal or better quality. The nation has 12–15% out of the entire population in the middle-to-high income range. These consumers, who predominantly residein large cities, can afford to buy high-end imported products. For this specific group, quality, brand image, and being top-of-trends are among the major aspects considered while purchasing skin care products. Statistic wise, Indonesia has witnessed rapid growth of shopping malls over last 10 years. In the capital Jakarta alone, more than 100 shopping centers have been registered. More than 10% of them are intended for high-end or luxury imported products. This is anticipated to presents remunerative opportunities for European brands, which are regarded as expensive but come with top-notch quality, and are hence highly desirable.

Halal regulations in particular have been providing new opportunities for the Indonesia skin care products market. Not only giving the local brand a competitive edge over global brands in the domestic market, Halal regulations further allowlocal based halal-certified cosmetic manufacturers establish their presence in overseas niche market too. For instance, the French cosmetics giant L’Oréal in Indonesia already has a halal-certified factory, which supplies the domestic market and the Southeast Asia region. Most of the products are sold under the Garnier brand, including facial cleansers to halal-approved skin lightening creams.

The Indonesia skin care products market is studied on the basis of product type, demographics, age group, and sales channel. Depending on product type, the market is categorized into cream, lotion, and others. By demographic, it is bifurcated into male and female. According to age group, it is fragmented into generation X, millennial, and generation Z. As per sales channel, it is classified into supermarket/hypermarket, specialty stores, department stores, beauty salons, pharma & drug stores, and online sales channel.

Key findings of the study

Depending on type, the cream segment was the highest contributor to the Indonesia skin care products market, and is expected to grow at a CAGR of 6.9% from 2021 to 2027.
By demographics, the female segment was the highest contributor to the market in terms of value in 2019and is estimated to grow at a CAGR of 6.7% from 2021 to 2027.
On the basis of age group, the millennial segment exhibits highest CAGR of 8.8% from 2021 to 2027.
The supermarkets & hypermarkets segment accounted for 31.30% of the total Indonesia skin care products market share in 2017, and is estimated to grow at a CAGR of 5.8%.
The key players operating in the Indonesia skin care products industry are the the L'OréalGroup, the Procter & Gamble Company, Unilever PLC, Avon Products Inc., Wardah, PT Martina BertoTbk, MustikaRatu, Mandom Brands, PT Akasha Wira International Tbk, Shiseido Company Limited,and Estee Lauder Companies Inc. However, local players are continuously strengthening their foothold in the country, owing to rise in demand for Halal-certified consumer products and increase indemand for skin care productsformulated from natural sources.

READ FULL REPORT @ https://www.reportocean.com/industry-verticals/sample-request?report_id=AMR1142

Get in Touch with Us:
Report Ocean
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, IIIinois 60611 – UNITED STATES
Tel: +1 888 212 3539 (US – TOLL FREE)
Website: https://www.reportocean.com/

We are the best market research reports provider in the industry. Report Ocean believe in providing the quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is “one-stop solution” for individuals, organizations, and industries that are looking for innovative market research reports.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Indonesia Skin Care Products Market size is projected reach $14,716 million by 2027, registering a CAGR of 7.5% from 2021 to 2027 here

News-ID: 2251665 • Views:

More Releases from Report Ocean

Japan Internet Advertising Market CAGR of 24.9%, Behind the Scenes Techniques for Deep Understanding of Consumer Behavior
Japan Internet Advertising Market CAGR of 24.9%, Behind the Scenes Techniques fo …
The Japan Internet Advertising Market has demonstrated remarkable growth, reaching a valuation of USD 29.49 Billion in 2021. With the digital landscape continually evolving, it is forecasted to soar to an impressive USD 112.04 Billion by 2027. This surge represents an anticipated compound annual growth rate (CAGR) of 24.9% over the projected period, highlighting the dynamic and rapidly expanding nature of the digital advertising sector in Japan. Internet Advertising are set
Location Analytics Market Through the Looking Glass Techniques for a Profound Understanding of Consumer Behavior
Location Analytics Market Through the Looking Glass Techniques for a Profound Un …
This comprehensive market research report offers an in-depth analysis of the global location analytics market from 2019 to 2026. Valued at USD 10,813.6 million in 2019, the market is forecasted to surge to USD 29,878.5 million by 2026, demonstrating a robust Compound Annual Growth Rate (CAGR) of 15.6% throughout the projection period. This report delves into the key drivers, restraints, opportunities, and challenges that are shaping the market, providing stakeholders
Affiliate Marketing Platform Market Eyes Wide Open Maximizing the Value of Observational Research in Consumer Behavior
Affiliate Marketing Platform Market Eyes Wide Open Maximizing the Value of Obser …
The Global Affiliate Marketing Platform Market, valued at USD 19,217.4 million in 2021, is projected to witness significant growth over the next decade, reaching an estimated value of USD 36,902.1 million by 2030. This report provides an in-depth analysis of the market dynamics, growth drivers, challenges, and opportunities that will influence the affiliate marketing landscape over the forecast period of 2021-2030. With a Compound Annual Growth Rate (CAGR) of 7.7%,
Global Clear Brine Fluids Market Growth Forecast and Trends (2022-2030)
Global Clear Brine Fluids Market Growth Forecast and Trends (2022-2030)
The global clear brine fluids market was valued at US$ 0.95 billion in 2021. It is anticipated to experience growth, reaching a valuation of US$ 1.39 billion by 2030. This growth trajectory translates to a compound annual growth rate (CAGR) of 3.1% during the forecast period from 2022 to 2030. Clear brine fluids, crucial in the oil and gas industry for drilling and completion processes, are poised for increased demand,

All 5 Releases


More Releases for Indonesia

Indonesia Oil and Gas Market Size, Share Projections 2031 by Key Manufacturer- P …
USA, New Jersey: According to Verified Market Research analysis, the global Indonesia Oil and Gas Market size was valued at USD 281.50 Billion in 2024 and is projected to reach USD 499.94 Billion by 2032, growing at a CAGR of 7.66% during the forecast period 2026-2032. What is the current outlook and growth potential of the Indonesia Oil and Gas Market? The Indonesia Oil and Gas Market is showing signs of gradual
Indonesia Amino Acid Fertilizer Market Anticipated for Positive Growth by 2031 | …
Indonesia Amino Acid Fertilizer Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Indonesia Amino Acid Fertilizer market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research
MICE Market to Witness Massive Growth with PT Pamerindo Indonesia, GEM INDONESIA
HTF MI Published the Latest Global MICE Market Study that provides by in-depth analysis of the current scenario, the Market size, demand, growth pattern, trends, and forecast. Revenue for MICE Market has grown substantially over the six years to 2022 as a result of strengthening macroeconomic conditions and healthier demand, however with current economic slowdown Industry Players are seeing the big impact in operations and identifying ways to keep momentum.
Overview of Indonesia MICE Market | SHIFTinc, Venuerific Indonesia, Werkudara Gr …
Astute Analytica, a leading provider of market research and analysis, released its highly anticipated Market Analysis Report on the Indonesia MICE Market. This comprehensive report aims to equip businesses with invaluable insights and data, enabling them to make informed decisions and stay one step ahead of the competition. Access the Comprehensive PDF Market Research Analysis Report Here:​​​​​​​ https://www.astuteanalytica.com/request-sample/indonesia-mice-market Indonesia MICE Market was valued at US$ 2,095.95 million in 2022 and is
Clinical Laboratory Market in Indonesia, Clinical Laboratory Industry in Indones …
"Increase in healthcare expenditure from the Indonesian government has driven the growth of clinical laboratory market in Indonesia." Increase in Healthcare Awareness: Largely driven by increase in healthcare spending by aging population (~$ 260 per person by 2050), rising income levels, rising awareness for preventive testing, advanced healthcare diagnostic tests offerings, and central government's healthcare measures. Developments in Testing and Preference for Evidence based testing: There is also a rising number
Baby Food Sector in Indonesia Market 2019 By PT Nestlé Indonesia, Danone, PT Ka …
"The Baby Food Sector in Indonesia, 2018", is an analytical report by GlobalData which provides extensive and highly detailed current and future market trends in the Indonesian market. Dietary habits have inhibited sales of commercially prepared baby foods in Indonesia. With the exception of Jakarta, many Indonesians have a traditional diet, based on rice, fresh fruit, and vegetables, supplemented with meat, although, 80% of the population is Muslim, and do not