Instinct Bio Announces Strategic Collaboration with PT PARVA CANDELA to Develop Cosmetics Business in Indonesia
Instinct Bio entered a strategic cooperation agreement with PT PARVA CANDELA to enter Indonesia's cosmetics and personal care market, estimated at $10.5 billion. The collaboration leverages PARVA's BPOM-recognized facility and the DELTASPA Group's network of 25 locations for distribution, utilizing Instinct Bio's sales playbook and Japanese formulation expertise.
Key figures
- Market size
- $10.5 billion
- Profit share
- 50%
- Market growth
- 5.5%
- Spa locations
- 25
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