Indonesia – South East Asia Largest Economy
With a total population in excess of 250 million peoples, Indonesia provides a large potential market for beauty care products.The cosmetics and toiletries markets in Indonesia are showing great potential for growth, attracting interest from a growing number of international cosmetics manufacturers.
In Indonesia the cosmetics and toiletries market is predicted to grow by over 34% between 2006 and 2011. The growth in the cosmetic and toiletry markets in Indonesia is growing fast in terms of GDP (up by 62% and 173% respectively between 2001 and 2005). Indonesia has the makings of important consumer markets due to rapid urbanisation, emerging middle classes and low cosmetics usage, making them the perfect target markets for multinational companies.
The growth potential is also affected by the increasing number and demands from the service industry such as beauty clinics, salons and spas, which offer treatment programs. More and more people start seeking for professional help on facial and skin treatment, stimulating the growth in sales for skin care products. New upscale beauty salons and skin care clinics are opened in shopping centers. The number of professional hair care salons selling specialty products has also increased.
For the past 6 years, Cosmobeaute Indonesia has been the annual meeting place and networking area for importers, distributors, salon, spa owners and beauty professionals to source their latest products, attend seminars and presentations and view current trends. Well accepted by the beauty industry players as the only beauty trade exhibition in Indonesia, Cosmobeaute Indonesia is growing along with the country’s economy growth which set to surpass its neighboring countries.
For more information, please visit www.cosmobeauteasia.com