Portland, OR, July 07 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the Indonesia skin care products market generated $9.10 billion in 2018 and is expected to reach $18.82 billion by 2030, registering a CAGR of 7.8% from 2021 to 2030. The report provides an in-depth analysis of major investment pockets, of the most winning strategies, drivers & opportunities, market size & estimates, competitive scenario and hesitating market trends.
Increasing awareness of people’s appearance, personal well-being and grooming, increasing exposure to international skin care brands and cosmetics, and increasing population women are expected to drive the growth of the global skin care products market in Indonesia. On the other hand, irritation and inflammation caused by excessive use of cosmetics should hamper growth to some extent. However, a significant increase in the adoption of naturally derived skin care products is expected to create many opportunities for the growth of the industry.
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- The COVID-19 outbreak has negatively impacted the growth of the Indonesian skin care products market, due to the occurrence of lockdowns in various countries around the world.
- The closures have resulted in the closure of all kinds of salon and spa services around the world, due to strict social distancing restrictions imposed by the government to curb the spread of the virus during the pandemic. Thus, the demand for cosmetics and skin care products has decreased significantly during the pandemic.
- However, the market should recover quickly.
The report offers a detailed segmentation of the Indonesia skin care products market on the basis of type, demography, age group, sales channel and region.
Based on demographics, the female segment held the largest market share in 2018, securing around three-fifths of the global market. The male segment, on the other hand, is expected to quote the fastest CAGR of 8.8% during the forecast period.
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By age group, the Gen X segment held the majority of market share in 2018, holding more than two-fifths of the global market. The millennial segment, on the other hand, is expected to quote the fastest CAGR of 8.9% during the forecast period.
Based on sales channel, the supermarket/hypermarket segment captured the lion’s share in 2018, capturing almost a third of the global market. The online sales channel segment, on the other hand, is expected to show the fastest CAGR of 11.1% during the forecast period.
The key players analyzed in the Indonesia Skincare Products Market report are L’Oreal Group, PT Martina BertoTbk, Mandom Brands, Kino Indonesia, Unilever Indonesia, Wardah, Procter & Gamble Company, MustikaRatu, Beiersdorf AG and Estee Lauder Companies Inc.
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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. Allied Market Research CEO Pawan Kumar helps inspire and encourage everyone associated with the company to maintain high quality data and help clients in every way possible to achieve success. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.