The Skin Care Powders and Make-Up Powders market in Malaysia has shown fluctuating growth from 2012 to 2022. The market started at $41.248 million in 2012 and achieved peak values in 2017 at $61.581 million and 2022 at $64.721 million. Though there were annual variations with some dips, the long-term trend indicates an overall growth trajectory.
Year-on-year analysis reveals substantial volatility, with the highest year-on-year increase in 2017 at 24.71% and the lowest in 2015 at -6.52%. Over the past two years, the market showed positive growth, with a 7.65% increase in 2021 and a 2.18% increase in 2022. For the last five years (2018-2022), the Compounded Annual Growth Rate (CAGR) averaged 5.11%, demonstrating consistent growth despite occasional declines.
Future trends to watch for:
- Increasing consumer inclination towards premium and organic products may drive market growth.
- Technological advancements in product formulation and packaging, catering to evolving consumer preferences.
- Impact of e-commerce expansion on market dynamics and distribution channels.
- Growing influence of social media and beauty influencers on purchasing decisions.
- Regulatory changes and economic conditions influencing disposable income and spending behavior.
How does Malaysia rank in Skin Care Powders, Make-Up Powders Market Size Value?
| # | 38 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 5,038,100,000 | 2023 | +3.14% | +3.43% | View data |
| 2 | 2 Japan | 840,830,000 | 2023 | +1.14% | +0.59% | View data |
| 3 | 3 Italy | 415,180,000 | 2023 | +1.72% | +0.65% | View data |
| 4 | 4 Germany | 402,990,000 | 2023 | +0.96% | +0.21% | View data |
| 5 | 5 Australia | 267,070,000 | 2023 | +2.39% | +3.03% | View data |
| 12 | 12 Netherlands | 96,244,000 | 2023 | +3.19% | +3.26% | View data |
| 13 | 13 Colombia | 91,001,000 | 2023 | +0.24% | +1.63% | View data |
| 14 | 14 Malaysia | 66,072,000 | 2023 | +2.09% | +1.78% | |
| 15 | 15 Sweden | 61,243,000 | 2023 | +1.4% | +0.68% | View data |
| 16 | 16 Norway | 46,173,000 | 2023 | +1.94% | +1.95% | View data |