Beauty Disruptor
Forbes Indonesia|July 2019

Using the internet and social media, PT Avo Innovation & Technology has gained rapid traction in selling beauty products.

Ester Christine Natalia
Beauty Disruptor

The beauty and cosmetics sector is a big market in Indonesia. Data analytics company GlobalData expects the cosmetics and toiletries market in Indonesia to reach Rp 105.1 trillion by 2023, registering a CAGR of 8.4% from Rp 70.3 trillion in 2018. Meanwhile, skincare products, which contributed the largest share of 31.1% in 2018, are projected to record the fastest growth with a CAGR of 9.6% in the period 2018-2023. And in recent years, beauty trends spread not only through television or magazines. Most people now look up to beauty influencers for recommendations and inspiration in regard to beauty products and looks. Beauty influencers refer to people sharing their thoughts and experiences on beauty products on the internet or social media. How people purchase beauty products has also changed, with as little as a few clicks through online shopping, the products are delivered to their door. Consulting firm Cekindo estimates that 7% of total revenue in the Indonesian cosmetics industry will come from online sales in 2021, and this figure is expected to keep on growing.

Bu hikaye Forbes Indonesia dergisinin July 2019 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Forbes Indonesia dergisinin July 2019 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

FORBES INDONESIA DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
BACK ON TRACK
Forbes Indonesia

BACK ON TRACK

Collective wealth gets a 21% boost to a record $162 billion amid an economic uptick.

time-read
10+ dak  |
December 2021
Championing Locals
Forbes Indonesia

Championing Locals

The wave of social commerce is enabling inclusive digital economies beyond urban areas.

time-read
6 dak  |
December 2021
Boys in the Bubble
Forbes Indonesia

Boys in the Bubble

Startups are supposed to specialize, but OPENSEA’s founders thrived by building a wide-open market for creating and trading all manner of NFTs, whether art, music or gaming. Now that they’re centimillionaires and poised to become billionaires, they have other worries: competitors, fraudsters and the next crypto crash.

time-read
6 dak  |
December 2021
Enduring Relations
Forbes Indonesia

Enduring Relations

The implementation of IA-CEPA amid the pandemic signifies the Indonesia-Australia’s commitment to recover and counter future challenges together.

time-read
6 dak  |
December 2021
Sweet Success
Forbes Indonesia

Sweet Success

Steven Erwin envisions Unifam to become a major global player in the confectionery and F&B industry.

time-read
5 dak  |
December 2021
Marathon Man
Forbes Indonesia

Marathon Man

Across America, scores of municipal pension funds remain scandalously underfunded. But not the pension fund of Tampa’s police and firemen, thanks in large part to JAY BOWEN, whose no-frills approach to stock picking has protected and served them for more than 45 years.

time-read
5 dak  |
December 2021
Gold Rallies on Inflation Fears
Forbes Indonesia

Gold Rallies on Inflation Fears

During September the price of gold rallied to $1,868 per ounce following the release of figures on US inflation by the Bureau of Labor Statistics which indicated that, as of September, CPI inflation had rocketed to 6.2%, above the 5.8% which economists had been predicting.

time-read
2 dak  |
December 2021
Set Off to A New Start
Forbes Indonesia

Set Off to A New Start

Bank Aladin has two main ingredients for success: establish trust and offer better customer experiences.

time-read
5 dak  |
December 2021
The Daily Intake
Forbes Indonesia

The Daily Intake

YOUVIT plans to invest further into marketing and grow into one of the leading vitamin brands in Indonesia.

time-read
4 dak  |
December 2021
THE CROESUS OF CRYPTO
Forbes Indonesia

THE CROESUS OF CRYPTO

FTX COFOUNDER SAM BANKMAN-FRIED BUILT A $22.5 BILLION FORTUNE BEFORE HIS 30TH BIRTHDAY BY PROFITING OFF THE CRYPTOCURRENCY FRENZY—BUT HE’S NOT A TRUE BELIEVER. HE JUST WANTS HIS WEALTH TO SURVIVE LONG ENOUGH TO GIVE IT ALL AWAY.

time-read
10+ dak  |
November 2021