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    Indonesia Cosmetics Industry Analysis 2020

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    Muhammad Rinaldi
    The cosmetics industry in Indonesia is growing steadily and is predicted to become one of the top five Asian markets within the next 10-15 years due to consistent GDP growth over 5%. A recent study shows the cosmetics market generated $497.7 million in 2019 and is expected to grow 2.6% annually through 2023. While revenue growth will remain positive, it is expected to slow as the market becomes saturated.

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    Indonesia Cosmetics Industry Analysis 2020

    Uploaded by

    Muhammad Rinaldi
    275 views8 pages
    The cosmetics industry in Indonesia is growing steadily and is predicted to become one of the top five Asian markets within the next 10-15 years due to consistent GDP growth over 5%. A recent study shows the cosmetics market generated $497.7 million in 2019 and is expected to grow 2.6% annually through 2023. While revenue growth will remain positive, it is expected to slow as the market becomes saturated.

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    Indonesia Cosmetics Industry Analysis 2020

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    The cosmetics industry in Indonesia is growing steadily and is predicted to become one of the top five Asian markets within the next 10-15 years due to consistent GDP growth over 5%. A recent study shows the cosmetics market generated $497.7 million in 2019 and is expected to grow 2.6% annually through 2023. While revenue growth will remain positive, it is expected to slow as the market becomes saturated.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    275 views8 pages

    Indonesia Cosmetics Industry Analysis 2020

    Uploaded by

    Muhammad Rinaldi
    The cosmetics industry in Indonesia is growing steadily and is predicted to become one of the top five Asian markets within the next 10-15 years due to consistent GDP growth over 5%. A recent study shows the cosmetics market generated $497.7 million in 2019 and is expected to grow 2.6% annually through 2023. While revenue growth will remain positive, it is expected to slow as the market becomes saturated.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 8

    Indonesia Cosmetics

    Industry Analysis

    Sumber: 2019 EIBN New Report – Sector Cosmetics


    Cosmetics
    • Given consistent GDP growth rate at above 5% in the last two years,
    analysts predict that Indonesia will rise up to the top five Asian
    markets for cosmetics in the next 10 to 15 years.
    • A recent study published in December 2018 shows that the revenue
    in Indonesian Cosmetics segment amounts to USD 497.7 million in
    2019. The market is expected to grow annually by 2.6% (CAGR 2019-
    2023).
    • Revenue growth will continue to be positive although it is predicted
    to slow down as the market saturates.
    • In relation to total Indonesia population figures, per person revenues
    of USD 1.85 are generated in 2019.
    • Personal Care market Indonesia’s revenue amounts to USD 4,390 million in 2019.
    • Skin Care USD 1,673.2 million, Hair Care USD 920.6 million, Oral Care USD 464.6
    million, Personal Hygiene USD 440.2 million and Fragrances USD 394.1 million.
    • In terms of revenue growth, the combined Cosmetics & Personal Care market in
    Indonesia has always been positive and expected to continue so until 2023.
    • Although the number had been escalating from 2011 (7.3% growth) to 2015
    (9.7% growth), the report predicts this positive trend will slow down at least for
    the next 4 years.
    • It is worthy to note that cosmetics online sales in the country are rather minors
    compare to conventional offline distribution. Nevertheless, the number is
    estimated to keep growing that 17% of overall revenue of the Cosmetics &
    Personal Care market will be generated in internet by 2023.

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