Forecast: Skin Care Powders, Make-Up Powders Market Size Value in Indonesia

The Skin Care Powders and Make-Up Powders market in Indonesia has shown a steady increase over the years, reaching a value of USD 107.87 million in 2023. The market has experienced varied year-on-year growth, with a notable dip in 2020 due to external factors. However, it rebounded quickly with steady growth in the subsequent years, evidenced by a 1.87% increase in 2023 compared to 2022.

The Compound Annual Growth Rate (CAGR) over the past five years has been 1.81%, indicating consistent, albeit moderate growth. Looking at forecasted data, the market is expected to grow at a CAGR of 1.44% over the next five years, with an anticipated market size of USD 118.2 million in 2028, reflecting a forecasted five-year growth rate of 7.42%.

Future trends to watch for:

• Increasing consumer awareness about skin care products
• Rising disposable incomes driving demand for premium products
• The influence of social media and beauty influencers
• Innovations and new product launches targeting specific skin concerns
• Sustainability and eco-friendliness concerns influencing purchasing decisions