In 2023, the import value of powders for skin care and make-up to Malaysia stood at 31.7 million USD. The forecasted values project a steady growth from 32.716 million USD in 2024 to 36.827 million USD in 2028. The year-on-year variations from 2024 to 2028 are as follows: a 3.24% increase from 2024 to 2025, a 3.07% increase from 2025 to 2026, a 2.92% increase from 2026 to 2027, and a 2.78% increase from 2027 to 2028. The average Compound Annual Growth Rate (CAGR) over the next five years is projected to be 3.00%.
Future trends to watch for include the growing consumer preference for organic and natural skin care products, advancements in product formulations, and the increasing influence of social media and beauty influencers on consumer purchasing behavior. Additionally, economic factors such as the global supply chain dynamics and potential regulatory changes could also impact the market trends.