Beauty Industry In Malaysia

The beauty industry is known to be resistant to economic downturns even faring well during the great recession of 2008.

Beauty industry in malaysia. The ecommerce market segment personal care includes the sale of medical pharmaceutical and cosmetic products. We want people to change their mind set and respect this profession. The beauty industry in india is strongly influenced by the salon trade which is an important channel for brands to leverage. A guide to the best cosmetics brands based in malaysia.

Revenue in the personal care segment is projected to reach us 365m in 2020. Netreba says it all goes back to the idea of wanting to reduce market inefficiency by bringing traditional businesses online. So in today s environment of rising per capita incomes the beauty business is booming. We have a fashion industry with our own market and sense of style.

There is increasing demand for professional beauty therapists which has emerged as an attractive career option. Malaysia s fashion industry is fast running and its growth looks very promising. After dida cosmetics didie nasir launched dynamics inc. Though consumers tend to be more price conscious during those times they do not stop spending.

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. Channel data and market share of brands. The malaysian beauty and wellness industry is growing at 10 15 annually with a turnover estimated at five billion ringgit usd1 2billion the reputation and image of the beauty industry has to be protected. 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 were looking at the marketplaces that were already out there and we found out something about the beauty industry in malaysia. And partnered with yaya zahir in creating asly beauty the new start up cosmetic brand champions individuality and encourages self expression.