Forecast: Eye Make-Up Preparations Market Size Value in Indonesia

The Eye Make-Up Preparations market in Indonesia saw significant growth from 2013 to 2023, with the market size increasing from 86.494 million USD in 2013 to 279.28 million USD in 2023. The market experienced substantial year-on-year variations, peaking at a 45.9% increase in 2016, and maintaining a steady rise, although the growth rate moderated to 4.88% in 2023. The CAGR for the entire 10-year period was higher in the initial years, averaging around 27.79% between 2013 and 2015, and then tapering down to 3.9% over the last five years up to 2023.

The forecasted data shows a continued upward trend, with the market expected to reach 340.65 million USD by 2028. The 5-year CAGR from 2023 to 2028 is projected at 3.14%, indicating moderate but sustained growth. Key trends to watch for in the future include innovations in product formulations, increased consumer awareness, and the rising popularity of e-commerce, which may drive market dynamics further.