Women's Personal Care Expenditure in Numbers

By Yeong Pey Jung

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A SIGNIFICANT DRIVER of economic growth for Malaysia is its market for personal care, wellness, health and fashion. The skin care industry, for example, is projected to reach a market value of USD$1.28bil (approximately RM5.35bil) by 2027, with a compounded annual growth rate (CAGR) of 8.1% from 2021 to 2027.[1] Other noteworthy contributors to the national economy are its wellness and fitness industry, which is also a major player in Malaysia’s health tourism[2]; and the textile and apparel industry where...

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Yeong Pey Jung

is a senior analyst with the Socioeconomics and Statistics Programme at Penang Institute. She is a reading enthusiast and is surgically attached to her Kindle.