Beauty has remained an attractive market in Indonesia by 20% uplift from in the past 5 year. In the study by Kantar, also found that lip products have significant growth after mask requirement has been uplifted and mobility recovery. Indonesia itself expected to earn 359.3 mio USD for this segment. Overall,Shopee dominating e-Commerce market from Jul to Dec 2023 delivered 83.9%over market share, leaving Tokopedia with 16.1% share. Even though Shopee still dominating the lip market, yetTokopedia shows significant growth from Q3 to Q4 with 34.7% GMV upliftwhile shopee declining 11.1% Which brand wins the battle of lip products in this period? Which product has become people's favorite? Get aFREE full reportabout Lip Products Insighthere. Want to know your brand's performance?Contact us now!
Beauty
Indonesia
Market Intelligence
Lip Products Report: Bold Beauty Trends in Indonesia (H2 2023)
Indonesia lip products ecommerce H2 2023: Shopee holds 83.9% market share, Tokopedia growing 34.7% GMV QoQ. Beauty market up 20% over 5 years.
Ichsan Mulia
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3 min read
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