Cosmetic Industry In Malaysia 2019

In agreement with the harmonisation of cosmetic through the asean cosmetic directive acd cosmetic products in malaysia are controlled through notification procedure starting from 1stjanuary 2008.

Cosmetic industry in malaysia 2019. Pre covid 19 performance the natural look and the search for long lasting cosmetics remain relevant trends in 2019. The company expanded into malaysia with its australian creams mkii range following strong demand in the region. Cosmetic products in malaysia are regulated under the control of drugs and cosmetic regulations cdcr 1984 which were promulgated under the sale of drugs act 1952. France was the leading import market for cosmetics in malaysia.

Business report 2020 is a half ready publication. The malaysian cosmetics toiletries industry is led by the skincare sector while make up is forecast to register the fastest growth in value terms during 2018 2023. A number of trends continued to gain momentum in colour cosmetics in malaysia in 2019 including demand for a more natural look leading to dynamic growth for the smaller category of bb cc creams compared to the traditional foundation concealer in addition to greater demand for. Malaysia economy news and analysis digest please note that cosmetic industry in malaysia.

The top 5 trends set to shape apac s cosmetics sector in 2019 revealed. Malaysia cosmetic industry porter five forces analysis. A higher per capita income is boosting malaysia s cosmetics and toiletries industry which is tipped to reach 520 4 million units in sales by 2024 at a compounded annual growth rate cagr of 2 8 during 2019 2024 according to globaldata. Jan 31 2019.

Our 2020 malaysia report include trends statistics. Malaysia s cosmetics industry gets boost from higher incomes mass market continues to reign but opportunities are plenty for premium brands. This study focuses on cosmetics industry in malaysia. Cosmetics toiletries in malaysia.

Beauty and personal care remained a highly fragmented competitive landscape in 2019 led by major international players procter gamble l oréal and unilever which have a long standing presence in malaysia and enjoy strong consumer trust in their wide product portfolios in addition to benefiting from expansive distribution networks. We ve identified five key trends that we believe are going to have a major impact on the beauty and personal care industry in asia pacific this year.