Indonesia Skin Care Products Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, By demographic, by Age Group and by Sales Channel : Opportunity Analysis and Industry Forecast 2018-2030

The Indonesia Skin Care Products market was valued at $9,104.48 million in 2018, and is projected reach $18,828.24 million by 2030, registering a CAGR of 7.8% from 2021 to 2030.

Skin care refers to the practice of enhancing the appearance and skin integrity with the use of a wide range of skin products such as face moisturizer, cleansing balm, and sunscreen. The products are formulated using a mixture of chemical compounds derived from natural sources or created synthetically.

According to Indonesia skin care products market analysis, the Indonesia skin care products market is studied on the basis of product type, demographics, age group, and sales channel. Depending on product type, the Indonesia skin care products market is classified into face care, body care, eye care, lip care and others. By demographic, it is bifurcated into male and female. As per age group, it is segregated into generation X, millennial, and generation Z. According to distribution channel, it is fragmented into supermarket/hypermarket, specialty stores, department stores, beauty salons, pharmacies & drug stores, and online sales channel.

On the basis of product type, the face care segment accounted for the maximum Indonesia skin care products market share in 2018. Increase in consciousness about personal well-being and appearance among consumers has positively impacted the market growth. In addition, creams exhibit properties such as anti-inflammation and skin firming that boost the growth of the Indonesia skin care products market. However, body care segment in Indonesia is expected to witness a significant CAGR. Skin care lotions offer protection from sun’s harmful UVB rays, as they consist of vitamin E, which can be quickly absorbed in skin, thus reducing UV damage to skin.

On the basis of demographics, the female segment was dominant, which accounted for more than half of the Indonesia skin care products market share in 2018, and is expected to retain its dominance throughout the forecast period. This is attributed to surge in of Indonesian women workforce and rise in consciousness about appearance, personal well-being, & grooming. In addition, factors such as higher education for women, overseas exposure with foreign cosmetics &skin care brands, and knowledge of the basics of skin care regimen are the key factors that bode well for market players. Rise in women population in the country coupled with higher inclination toward naturally derived skin care products are further anticipated to boost the Indonesia skin care products market growth during Indonesia skin care products market forecast period. Moreover, implementation of Halal regulation by the Government of Indonesia and increase in local brands with inclination toward Halal cosmetic products boost the growth of Indonesia skin care products industry.

Depending on age group, the generation X segment has contributed toward the highest revenue in 2018, as these consumers are the key purchasers of skin care products such as face mask, anti-aging cream, and other creams, which prevent aging and improve skin radiance. Moreover, increase in awareness of natural ingredients-based skin care products has augmented their demand among generation X consumers

By sales channel, the hypermarket/supermarket segment accounted for the maximum share in the Indonesia skin care products market in 2018. This is attributable to increase in urbanization, rise in working class population, and competitive pricing. In addition, supermarket/hypermarket offers offer combo packs for skin care products, which attract a large customer base, thereby contributing toward the growth of the market.

The players in Indonesia skin care products market have adopted new product launch as their key developmental strategy to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in Indonesia skin care products industry includes L'Oréal Group, PT Martina BertoTbk, Mandom Brands, Kino Indonesia, Unilever Indonesia, Wardah, Procter & Gamble Company, MustikaRatu, Beiersdorf AG, and Estee Lauder Companies Inc.

COVID-19 impact analysis

• Indonesia Skin Care Products industry was negatively impacted by the pandemic owing to the government restrictions and regulations to stay home which restricted the authorities to check the Indonesia Skin Care Products more efficiently like before.
• Since the outbreak, the beauty salon and other services such as spa have been shut down due to pandemic, and has led to weaker demand for skin care products such as moisturizers and lotions. A number of skin care products are set to experience marginally higher demand such as facial mask, due to home seclusion and preventative health trends during the pandemic.

Key Benefits For Stakeholders

• The report provides a quantitative analysis of the current Indonesia skin care products market trends, estimations, and dynamics of the market size from 2018 to 2030 to identify the prevailing opportunities.
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
• In-depth analysis and the market size & segmentation assist to determine the prevailing Indonesia skin care products market opportunities.
• The major countries in each region are mapped according to their revenue contribution to the market.
• The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the Indonesia skin care products industry.

  Indonesia Skin Care Products Market Report Highlights

Aspects	Details
By Type	Face Care Body Care Lip Care Eye Care Others
By Demographic	Male Female
By Age Group	Generation X Millennial Generation Z
By Sales Channel	Supermarket/Hypermarket Specialty Stores Department Stores Pharma & Drug Stores Beauty Salons Online Sales Channel

Analyst Review

According to the perspective of CXOs of top-level companies, the growth of the Indonesia skin products market is driven by surge in population, rise in disposable income, and increase in awareness toward health & hygiene. From recent surveys conducted in August 2018 by ZAP Clinic toward 17,889 Indonesian women, the Indonesian skin care products market is considered as a fairly competitive. This is attributed to the fact that there is a slight difference in percentage between the brand users and brand players. . The study further reports the six most popular skin care brand of Indonesian women are dominated by foreign brands, SK II, Laneige,

The Body Shop, Innisfree, Nature Republic, and Wardah. According to research by skin care brand Safi, Indonesians are highly prone to several skin problems such as spots and uneven skin color. This is attributed to careless habit of not maintaining skin health as well as external factors such as pollution and continuous sun exposure experienced by Indonesians. Other common problems among Indonesians may include acne, oily skin, and dull skin. Thus, the aforementioned factors are anticipated to collectively contribute toward the market growth during the forecast period.

 

Author Name(s) : Chetan Pathak | Roshan Deshmukh

Related Tags

• Face Care Products
• Eye Care Products
• Lip Care Products
• Body Care Products
• Moisturizer
• Acne Cleanser