| “We are very pleased to enter into an agreement under the concept of ‘Powered by: Cosmoprof Asia’, progressing our vision to extend Cosmoprof Asia’s footprint in Southeast Asia” |
|
| Mr. Michael Duck, Director of Cosmoprof Asia Ltd. |
|
|
| |
|
| “This cooperation will expand international participation in the beauty series that is currently taking place in Thailand, Philippines, Vietnam, and Malaysia; enabling exhibitors to further target the fast-growing emerging markets in Southeast Asia” |
|
| Mr. M Gandhi, Managing Director, ASEAN Business, UBM Asia Ltd. |
|
|
|
 |
|
 |
| |
|
| ASEAN, with a population of 650 million and a market size of over US$ 14 billion in 2015, is a lucrative market for the beauty industry. |
| |
 |
| |
|
| Amongst the 10 ASEAN countries, Thailand is recognised as the largest market for cosmetics worth US$ 4 billion a year in market value. It is also one of the fastest-growing markets in the world with 8-10% in annual growth rate. |
| |
|
 |
| |
|
| Coming in at a close second, Vietnam which imports over 90 % of its cosmetics and beauty products is known as the rising star of Southeast Asia’s beauty industry. |
| |
 |
| |
|
| Meanwhile, in Malaysia, where Euromonitor estimates the market to be worth $1.7 billion and growing at 5.7% per annum. |
| |
|
 |
| |
|
| the Muslim majority population is expected to drive the demand for Halal certified products. |
| |
 |
| |
|
| The Philippines, market is estimated at $3.0 billion, the strongest categories being shower and haircare products. |
| |
|
|
|
|
|
