Cosmetics Market Brief Indonesia (2008)
The cosmetics industry in Indonesia has experienced tremendous growth in the last three years. The sales prospects remain good with steady growth projected over the next two years. While local products account for over 80 percent of the market share, imported cosmetics with international brands are widely available in the Indonesian market. Despite rapid growth in the industry and sharp competition among brands, Indonesia is still a good potential market for imported cosmetics. The market is expected to grow at an average of 10-15 percent annually.
U.S. products have a strong presence in Indonesia. Other competitors come from China, U.K., France, Germany and Japan. Consumers lifestyles, increased awareness of personal grooming, introduction of new products, growth of modern retail outlets and high-end shopping malls, and increasing number of beauty services offered, should lead to positive growth in the cosmetic sector. Couple these with a population of 220 million people, Indonesia presents a market with strong growth and a good opportunity for U.S. cosmetics.
Cosmetics Market Brief Indonesia (2008)
The cosmetics industry in Indonesia has experienced tremendous growth in the last three years. The sales prospects remain good with steady growth projected over the next two years. While local products account for over 80 percent of the market share, imported cosmetics with international brands are widely available in the Indonesian market. Despite rapid growth in the industry and sharp competition among brands, Indonesia is still a good potential market for imported cosmetics. The market is expected to grow at an average of 10-15 percent annually.
U.S. products have a strong presence in Indonesia. Other competitors come from China, U.K., France, Germany and Japan. Consumers lifestyles, increased awareness of personal grooming, introduction of new products, growth of modern retail outlets and high-end shopping malls, and increasing number of beauty services offered, should lead to positive growth in the cosmetic sector. Couple these with a population of 220 million people, Indonesia presents a market with strong growth and a good opportunity for U.S. cosmetics.
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