The global Halal
Cosmetics Market is forecast to reach USD 66.33
Billion by 2027, according to a new report by Reports and Data. The market is
being driven by the increasing number of Muslim population globally. Muslims
account for approximately 25% of the worldwide population. An increase in the
health concerns among consumers after using cosmetic products is fueling the
need for special cosmetic products, which is, driving the market for halal
cosmetic products. Moreover, increasing awareness of Muslim consumers on their
religious obligations has also contributed to the rising demand for
halal-certified cosmetic products.
The report also examines
the financial standing of leading companies in detail, which consists of market
position, gross profit, overall revenue, sales volume, manufacturing, growth
rate, and other vital facts & figures. It profiles the leading companies in
the Halal Cosmetics market to derive market positions, and strengths and
weaknesses of established competitors and new entrants by utilizing analytical
tools like SWOT Analysis and Porter’s Five Forces Analysis. The study also highlights
production capacity, consumer base, value, volume, product offerings, upstream suppliers,
downstream buyers, market concentration rate, and leading regions to give an
exhaustive evaluation of the global landscape.
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sample copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/3105
Key Players:
Key participants
include MMA Bio Lab Sdn Bhd, Talent Cosmetic Co., Ltd., PHB Ethical Beauty, Ivy
Beauty Corporation Sdn Bhd, The Halal Cosmetics Company, Sampure Minerals,
INIKA, Amara Cosmetics, Inc., Clara International, and Martha Tilaar Group,
among others.
Further
key findings from the report suggest:
- A growing Muslim population in the
world, along with an increasingly high disposable income, is augmenting
the demand for halal hair care products. The main reason for this is the
obligations towards religion and awareness regarding ethical products. The
growing popularity of this product among the male population is also
fostering the growth.
- Halal cosmetic products must label
according to the prescribed labeling requirement of the regulatory bodies
of respective countries. The label on the product must bear a halal logo
and reflect the ingredients of the product accurately as a means to aid
the consumer in their decision as well as the consumption of the product.
All the text, illustrations, and its advertisement must comply with
Islamic law and local culture.
- The online segment dominated the
market for halal cosmetics owing to the growing penetration of internet
and smartphones in the developing Muslim countries. The e-commerce sector
is trying to branch out and cover as much as possible to boost its sales.
The online market is witnessing growth due to the influence of popular
makeup artist and YouTube blogger leaving a huge footprint on social
media.
- The market in Middle East is
expected to be the fastest-growing regional market in 2019. Favorable
government rules in GCC countries is driving the halal cosmetics market.
The growing populace in the Middle Eastern nations is driving the overall
market. Global players are expanding their businesses in the Middle East
to cater to the increasing demand for these products.
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Market
Segmentation:
Product Outlook
(Revenue, USD Billion; 2017-2027)
- Personal Care Products
- Color Cosmetics
- Fragrances
Application Outlook
(Revenue, USD Billion; 2017-2027)
- Hair Care
- Skin Care
- Face Care
- Others
Distribution Channel
Outlook (Revenue, USD Billion; 2017-2027)
- Online
- Offline
Regional Outlook
(Revenue, USD Billion; 2017-2027)
- North America
- U.S
- Europe
- U.K
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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full report here @
https://www.reportsanddata.com/report-detail/halal-cosmetics-market
Identifying the basic business
drivers, challenges, and tactics adopted:
·
The report
provides intrinsic details and fluctuating aspects that influence the
commercial dynamics of the Halal Cosmetics market along with integral factors
of the rise in the demand for the product have been mapped across vital
geographical regions.
·
An overview of
the multifarious applications, business areas and the latest trends observed in
the industry has been laid out by this study.
·
Various
challenges overlooking the business and the numerous strategies employed by the
industry players for successful marketing of the product have also been
illustrated.
·
The research
inspects the sales channels (indirect, direct, marketing) that companies have
chosen for the primary product distributors and the superior clientele of the
market.
Thank
you for reading this article. You can also get chapter-wise sections or
region-wise report coverage for North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa.
