Got Potential Market, Home Cosmetics Industry Assessed More Sheen in the Future

By : Ridwan And Aldi Firhand. A | Thursday, July 19 2018 - 21:28 IWST

Director General of Chemical, Textile and Multifarious Industries (IKTA) of Ministry of Industry, Achmad Sigit Dwiwahjono
Director General of Chemical, Textile and Multifarious Industries (IKTA) of Ministry of Industry, Achmad Sigit Dwiwahjono

INDUSTRY.co.id - Jakarta, the Ministry of Industry assesses the business prospects of the domestic cosmetics industry is still quite shiny in the future. Moreover, demand in domestic and export markets is on the rise, as the trend of people starting to pay attention to body care products as a key requirement.

"Indonesia is one of cosmetic product market which is quite potential so that this business can promise for our producers who want to develop it," said Director of Chemical Industry of Textile and Multi Various Industry (IKTA) Ministry of Industry Achmad Sigit Dwiwahjono in Jakarta, Thursday (19/7/2018) .

Ministry of Industry noted, in 2017, the national cosmetics industry grew to reach 6.35 percent and rose to 7.36 percent in the I quarter / 2018.

"This means that the performance of this sector is above the national economic growth and we expect that by 2018 it can be up to 7 percent, in line with the startup growth and the growing consumer needs," said Sigit.

In addition, the domestic cosmetics industry has grown to 153 by 2017, bringing the total to over 760 firms today. Of the total, as many as 95 percent of the national cosmetics industry is a sector of small and medium industries (IKM) and the rest of large-scale industries.

"From medium and large scale industries, some of them already export their products to countries in Asean, Africa, Middle East and others," he said.

In 2017, recorded export value of national cosmetics products reached USD516, 99 million, up compared to the year 2016 amounted to USD470, 30 million.

Meanwhile, Chairman of the Indonesian Cosmetics Companies Association (Perkosmi) Sancoyo Antarikso believes, cosmetic product market in Indonesia has the potential to continue to grow in line with the growing trend of usage.

"If previously only two steps, now many consumers apply cosmetics 5-10 steps, starting from cleaning, serum, and others," he said.

Therefore, continued Sancoyo, cosmetics manufacturers in the country are required to meet the tastes of consumers today if you do not want to lose to compete with imported products.

"To know the trend of demand for cosmetic products, we actively hold an exhibition every year that invites global players in the field of raw materials, packaging, and machinery," he concluded.

News Comment

Today's Industry

President Prabowo in Thailand

Rabu, 21 Mei 2025 - 10:09 WIB

Indonesia, Thailand Sign MoU on Health Sector, Focusing on Global Capacity, Collaboration

As a part of President Prabowo Subianto’s official visit to Thailand, both countries signed a Memorandum of Understanding (MoU) on health sector, in an effort to strengthen bilateral cooperation…

President Prabowo in Thailand

Rabu, 21 Mei 2025 - 10:06 WIB

Indonesia, Thailand Deepen Cooperation on Security, Trade, and Regional Stability

resident Prabowo Subianto has reaffirmed Indonesia’s strong commitment to deepening bilateral relations with Thailand during the meeting with Thailand’s Prime Minister Paetongtarn Shinawatra…

SD Darmono CEO Jababeka Group with Boediman Widjaja CEO JOE Green Group

Selasa, 20 Mei 2025 - 12:44 WIB

Boediman Widjaja's Technology Ready to be Adopted in Jababeka Industrial Estate (KIJA)

In an exclusive seminar entitled "A Great Step: Boediman Widjaja Story - Going from Indonesia, Thriving in Singapore" held at the President Lounge, Menara Batavia, Boediman Widjaja, Founder…

A total of 55 health professionals who participated in the Binawan Europe program, in the form of international career development scholarships in Austria. (Photo: The Public Relations of Binawan University)

Jumat, 02 Mei 2025 - 10:46 WIB

Binawan and Government Support Indonesian Nurses in Europe through Scholarships

In the midst of the viral #KaburAjaDulu hashtag as a symbol of the young generation's disappointment with domestic working conditions, Binawan responded with real action: dispatching Indonesian…

SUNeVision Initiates MEGA IDC Phase Two Development

Jumat, 28 Maret 2025 - 22:21 WIB

SUNeVision Initiates MEGA IDC Phase Two Development

SUNeVision, the technology arm of Sun Hung Kai Properties (SHKP), today announced the commencement of construction for Phase Two of MEGA IDC in Tseung Kwan O. As Hong Kong's largest data centre…