Indonesia is home to Southeast Asia’s largest consumer market. Home to nearly 270 million people that are increasingly aware of their well-being, as well as having increased spending power, Indonesia possesses a beauty market that is alluring to local and international beauty players
Explore and Leverage on ASEAN’s Largest Halal Market According to the Indonesia Halal Economy and Strategy Roadmap launched by the Indonesia Halal Lifestyle Center (IHLC), Indonesia is home to the world’s largest Halal Market and consumer base, leading ahead of other halal markets in Turkey, Pakistan, Egypt, and Saudi Arabia in terms of global Halal consumption, with a total consumer spending on Halal products worth USD214 billion in 2017 alone, and projected to reach USD 330 billion by 2025.
The Halal standards implemented will also be recognized by Halal authorities in other country as well, giving these importers and manufactures that have obtained Halal certification in Indonesia an advantage to export to nearby Halal markets as well.
With this new implementatiom, Cosmobeaute Indonesia will be collaborating with the Majelis Ulama Indonesia (MUI) and local authorities to organise various workshops during the exhibition, and give the local and regional beauty industry players a clear direction on how to tap into this huge market opportunity.