As the 4th largest nation in terms of population and boasting a rapidly expanding middle class, Indonesia undoubtedly offers lucrative investment potentials for the global cosmetic sector. According to the data of Shopee, cosmetics and personal care products demand account for the 3rd place in Indonesia's hot-selling products. In the women's shopping list, cosmetics and personal care products demand are the second shopping demand. In recent years, Indonesia's cosmetics market has grown at an annual rate of about 10%, which is the highest growth rate in Southeast Asia. According to the global statistics of Informa Beauty Exhibition, it is expected that the Indonesian cosmetics market will grow rapidly at a rate of 11.9% in the next 3 years. This rise to prominence of Indonesia's cosmetic sector will present more business opportunities for many other cosmetic brands.
In this webinar, Ms. Nurmia Agustina, the Director from Cekindo, will firstly analyze Indonesian cosmetic market, then specify the cosmetic regulatory framework, requirements on products and import enterprises in Indonesia and finally detail the halal cosmetics certification regulations.