The sector is slated to grow by nearly 8% a year until 2026, while 794 cosmetics companies have been halal certified since 2017.
Jakarta – Indonesia’s halal cosmetic industry is expected to outgrow its counterparts over the next five years if key challenges are addressed, said the Indonesia Cosmetic Association.
Indonesia’s halal cosmetic market is slated to be worth an estimated $4.19 billion by the end of 2021, but is still below the overall cosmetics market of $6.34 billion, according to Sancoyo Antarikso, Chairperson of Indonesia Cosmetic Association.
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