Market Insights Consumer Beauty & Personal Care

Cosmetics - Indonesia

Indonesia

In 2024, the revenue in the Cosmetics market in Indonesia amounts to US$1.94bn.
It is projected to grow annually by 4.86% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue, reaching US$20,130m in 2024.
In terms of per person revenues, each individual in Indonesia is expected to generate US$6.95 in 2024.
Furthermore, by 2024, 83% of the sales in the Cosmetics market in Indonesia will be attributed to Non-Luxury.
"Indonesia's cosmetics market is booming, driven by a rising middle class and increasing demand for halal beauty products."

Key regions: Malaysia, Singapore, Worldwide, Indonesia, India

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Methodology

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, regression analysis and Monte Carlo simulations are particularly suited for forecasting in the Home and Laundry Care market, due to the unpredictable variability and complex dynamics in consumer behavior and product adoption. The main drivers are GDP and consumer spending.