Skin Treatment (Pharmacies) - Indonesia

Revenue in the Skin Treatment market is projected to reach US$297.40m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.08%, resulting in a market volume of US$459.30m by 2029.
In global comparison, most revenue will be generated United States (US$3.32bn in 2024).
In relation to total population figures, per person revenues of US$1.06 are generated in 2024.

Definition: Skin Treatment Market
The Skin Treatment market encompasses a range of over-the-counter (OTC) natural and synthetic medical products designed for skin treatment. This category includes antibacterial preparations, agents for acne treatment, and antifungal solutions. These treatment preparations are available in various forms, such as ointments, creams, gels, pills, capsules, washing lotions, peelings, pastes, solutions, fluids, suppositories, and sprays. Both external and internal applications are covered in this market segment. It's important to note that prescription medications, products contravening state regulations, items that do not explicitly serve as skin treatment drugs (e.g., painkillers), or those primarily intended for cosmetic purposes are excluded from this definition. This market exclusively covers product sales through pharmacies.

Additional Information:
The Skin Treatment market comprises revenues, average revenue per capita and average revenue per pharmacy. Revenues include VAT. The market only displays B2C revenues, hence B2B and B2G revenues are not included.
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Natural and synthetic agents
Agents for internal and external application
Preparations to treat skin diseases (e.g. acne treatment)

Prescription medicines
Homeopathic remedies
Painkillers
Cosmetic products
Adhesive patches

The Skin Treatment (Pharmacies) market in Indonesia has been experiencing significant growth in recent years.

Customer preferences: Customers in Indonesia are increasingly prioritizing their skincare and overall well-being, leading to a growing demand for skin treatment products. This can be attributed to several factors, including the rising awareness of the importance of skincare routines and the influence of social media in promoting beauty standards. Additionally, the increasing disposable income of the middle-class population has allowed for greater spending on skincare products.

Trends in the market: One of the key trends in the skin treatment market in Indonesia is the shift towards natural and organic products. Customers are becoming more conscious about the ingredients used in skincare products and are opting for products that are free from harmful chemicals. This trend is driven by the growing awareness of the potential side effects of synthetic ingredients and the desire for more sustainable and eco-friendly options. Another trend in the market is the rising popularity of multi-step skincare routines. Influenced by Korean beauty trends, Indonesian consumers are adopting a more elaborate skincare regimen, which includes multiple steps such as cleansing, toning, moisturizing, and applying serums and masks. This trend has led to an increased demand for a wide range of skincare products, including cleansers, toners, moisturizers, and masks.

Local special circumstances: Indonesia has a large and diverse population, with varying skin types and concerns. This diversity has led to a wide range of skincare products being available in the market, catering to different skin types and concerns. Additionally, the tropical climate in Indonesia, with its high humidity and exposure to sunlight, has created a specific need for skincare products that address issues such as sun protection and oil control.

Underlying macroeconomic factors: The growth of the skin treatment market in Indonesia is also influenced by several macroeconomic factors. The country's robust economic growth and increasing urbanization have resulted in a larger middle-class population with higher disposable incomes. This has allowed for increased spending on skincare products. Furthermore, the expanding retail sector, including the growth of e-commerce platforms, has made it easier for consumers to access a wide variety of skincare products, contributing to the market's growth. In conclusion, the Skin Treatment (Pharmacies) market in Indonesia is experiencing significant growth due to the increasing customer preferences for skincare products, including the demand for natural and organic options and the adoption of multi-step skincare routines. The local special circumstances, such as the diverse population and tropical climate, have also contributed to the market's development. Additionally, the underlying macroeconomic factors, including economic growth and the expanding retail sector, have further fueled the market's expansion.

Data coverage:

The data encompasses B2C enterprises. Figures are based on offline and online spending by consumers, including VAT. Not included are B2B and B2G sales, or other pharmaceutical sales through hospitals or retail stores such as supermarkets.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market market. As a basis for evaluating markets, we use industry associations, third-party studies and reports and survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per country, consumer healthcare spending, GDP and internet penetration. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods. For forecasting digital trends such as the online-pharmacy sales share we use exponential trend smoothing and the s-curve method. The main drivers are healthcare expenditure per country and consumer healthcare spending.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. GCS data is reweighted for representativeness.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

The global online pharmacy sector was estimated at 32 billion U.S. dollars by the end of 2023. In the United States, forecasts indicate that this figure would reach approximately 5.7 billion, solidifying its position as one of the largest online pharmacy markets. However, China dominates the pharma e-commerce industry worldwide, generating nearly 8.5 billion dollars in revenue. With China at the forefront, it is no wonder digital pharmacies make up the fastest-growing segment in the Asian digital health market.