The expansion and consumer awareness of personal grooming, as well as the busy lifestyles of Indonesia's growing urban population, are driving the market for nutricosmetics in the country. Nutricosmetics are health products mainly used for the treatment of hair, nail, skin defects, and photoaging and sun protection. Photoaging is a type of aging mainly caused due to the exposure to ultraviolet (UV) light which causes brown spots and deep wrinkles.
Market Dynamics
The rising penetration of cosmetic products in the country also supports the Indonesia nutricosmetics market growth. For instance, according to the Indonesia's National Agency of Drug and Food Control (BPOM RI), over 33,823 registered cosmetic products were sold in the country in September 2017.
Some of the key drivers fueling the nutricosmetics market growth are rising retail shops across the globe, growing consumer awareness about the prevention of pre-mature skin aging, and others. The growing availability of nutricosmetics due to the rising popularity of e-commerce is another major driver for the Indonesia nutricosmetic market.
There is a lack of clear and definitive regulatory structure for nutricosmetics, which creates a safety concern among consumers. This is expected to hamper the market growth. The nutricosmetics market is also slowed down by outdated regulations in the country. The National Agency of Drug and Food Control still uses references from Health Supplements 2005 rules which has not been updated with respect to permitted claims or ingredients. Furthermore, there are restrictions on the use of new ingredients which is expected to hamper the market growth.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective.
Indonesia Nutricosmetics Market Detailed Segmentation:
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