Malaysia Skin Care Device Market
A skin care device can help in the marketing of beauty products. It can detect moisture, sebum,
pore, wrinkle surface skin tightening and lifting device, and keratin. A high-quality appearance will attract more customers, and a
detailed test report will assure customers of the effectiveness of a product. In Malaysia, there is
no single regulatory body for skincare products, and the market is highly competitive. But, there
is a good news for those who are interested in setting up a business in this country.
The Malaysian skin care product market was worth $804.5 million in 2019 and is anticipated to
surpass $1,288.7 million by 2027. This market comprises of products for maintaining skin
integrity and health, relieving skin conditions, and enhancing the physical appearance of the
user. Most of these products can be bought easily, with various distribution channels and retail
outlets. The country also has a trend towards local assembling and packaging of skin care
products.
The Malaysian market for skin care devices is expected to grow at a CAGR of 10.6% between
2019 and 2027. The skin care device industry has become increasingly competitive as the
country’s population becomes increasingly urbanized. The growing working class population is
attracting more consumers to the market through increased competition, and increasing
penetration of online stores. The increase in internet use has also influenced the buying
behavior of Malaysians.
Malaysia’s market for skin care products is expected to expand at a healthy pace in the next
decade. The millennium and online stores segment would account for the highest market share
in 2019, respectively. However, despite the growing middle class and competitive pricing,
hypermarkets/supermarkets would still account for the largest share in the Malaysian skin care
products market. The country’s growing working class and the increasing number of netizens
have contributed to this growth.
The Malaysian skin care device market is expected to grow at a CAGR of 10.6% during 2019
and 2020. The most common distribution channels for skin care products are hypermarkets and
supermarkets. The market for these products is driven by several factors, including increasing
urbanization, growing working class population, and increased availability of affordable skincare.
The market is growing at a steady pace in the country, but a significant portion of this growth will
be generated in the online channel.
The millennium and online stores segment would be the fastest growing segment in Malaysia,
with a CAGR of 10.6%. In Malaysia, hypermarkets and supermarkets will account for the largest
market share. The growing working class population and competitive pricing are driving the
growth of the skin care device market in Malaysia. In India, the online sales channel will also
experience significant growth in the coming years, with a CAGR of 12.8%.