Dream - The development of the beauty industry has been very rapid in recent years. More and more people are proud to use local products because their quality is not inferior to international brands.
"Although a few years ago, especially before 2010, maybe local brands were not as widespread as they are now. Their range of products was limited, so they couldn't cover the needs of all types and conditions of skin."
The situation is very different from today. Where many people confidently create skincare and makeup brands. The rapid growth of this cosmetic industry is proven by research.
“From 2022 to 2023, the growth of the Indonesian cosmetics industry reached 21.9%, with 95% of it being local, small, and medium cosmetic industries,”
"revealed by Doctor Mario Johan in one of his Instagram posts."
"Two Categories with the Highest Market Volume"
From the overall category of cosmetics that are in demand in the market, personal care occupies the first position with a volume of 3.18 billion USD or around Rp47 trillion. The second position is occupied by skincare with a volume of 2.05 billion USD or around Rp30 trillion.
Although the market interest is so high, certainly not all local cosmetic brands can succeed and survive. There may be many local brands that have been marketed but cannot compete with other manufacturers. This is not because of lack of innovative technology or unattractive packaging. It turns out that local brands cannot compete because they do not have a USP (unique selling point).
"So when creating the first brand, what was thought about was the product, how the packaging would be, how the logo would be, but there was no research on USP, even though that is the most important."
"Clearly."
The uniqueness of a brand can make it excel in the midst of such a large cosmetics market. Especially now, the cosmetics market is not only favored by women or men in adulthood, but also teenagers. So if Sahabat Dream is interested in creating a skincare brand, don't forget to find out its Unique Selling Proposition (USP), okay!
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