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Description
Global Halal Cosmetics Market:
Halal means permissible and lawful. Halal industry is expected to create new avenues for the market players due to increased awareness in the Muslim community. With increasing Muslim population across the globe, halal become one of the most vital factor in population. Rising inclination towards halal cosmetics is expected to drive the market. The cosmetics manufactured without using pork, dog or alcoholic ingredients expected to create huge demand by population. Furthermore, inclination towards organic and ecofriendly, healthy cosmetics, increase in investments on R&D activities, increase in usage of cosmetics by Muslim population propels the market growth for halal cosmetics. However, lack of awareness, low adoption rate, stringent regulatory framework enables hamper the growth of halal cosmetics market.
Market Scope:
Halal Cosmetics market is segmented on the basis of Type, Usage, Application, and Distribution channel and Geographical regions
Based on the Type,
- Personal Care
- Makeup
- Fragrances
Based on the Application,
- Hair
- Skin
- Lips
- Body
- Face
- Eyes
Based on the Usage,
- Men
- Women
- Unisex
Based on the Distribution Channel,
- Supermarkets
- Hypermarkets
- Drugstores
- Online stores
Regional Analysis:
Halal Cosmetics market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Middle East and Africa is expected to dominate the halal cosmetics market over the forecast period due to increased R&D investments in halal cosmetics, rising awareness among the people, increased demand for natural cosmetics. Europe halal cosmetics market is anticipated to show significant growth owing to ban on animal testing for beauty care products in 2009, which has led to the usage of natural organic ingredients in cosmetics and beauty care products. North America is expected show steady growth rate owing to increase in beauty consciousness and inclination towards usage of organic and natural products. Amara, was the first North American company to offer completely halal cosmetics which were certified by Islamic Food and Nutrition Council of America. Asia Pacific, Latin America expected to offer lucrative opportunities over the forecast period owing to presence of high Muslim population.
Competition Assessment:
- Amara Cosmetics (U.S.)
- Saaf Skin Care (UK)
- Clara International (Malaysia)
- INIKA (Australia)
- Talent Cosmetic Co., Ltd. (Korea)
- MMA Bio Lab Sdn Bhd (Malaysia)
- The Halal Cosmetics Company (UK)
- Prolab Cosmetics (Brazil)
- Martha Tilaar Group (Indonesia)
- IBA Halal Care (India)
Notable Market Developments:
- In 2015, Depilex Beauty Clinic and Beauty Parlor launched new range of Halal Makeup Products in Pakistan.
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market 2015 – 2019 and Forecast, 2020 – 2026
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Location
GEOGRAPHY
