What is the best halal cosmetics market and why?

According to a new market research report published by Credence Research, Inc. “Halal Cosmetics Market– Growth, Future Prospects and Competitive Analysis, 2017 – 2025,” the global halal cosmetics market was valued at US$ 21.11 Mn in 2016, and is expected to each US$ 58.41 Mn by 2025, expanding at a CAGR of 12.9% from 2017 to 2025.

Market Insights

Halal is an Arabic word which means according to the law or permitted. Halal cosmetics are certified products by the Halal certification organizations, it functions under Sharia law, which means product contain no animal products and no alcohol. Halal cosmetics are body and skin care products, free from the ingredients that are illegal by the Islamic society.

Browse the full Halal Cosmetics Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025 report at http://www.credenceresearch.com/…

The global halal cosmetics market is a highly fragmented market, with number of well-established international and regional players. Growing Muslim population and rising awareness about the usage of personal care products, meeting Islamic law standards and obey with religious beliefs is expected to drive the overall growth of this market. Increasing number of educated Muslims gaining consciousness regarding usage of safe & high-quality products is another factor for the changing trends. Due to rising awareness about side effects of chemical material used in cosmetics is growing the demand for halal cosmetics, among both Muslims and non-Muslim population. Local and international players are changing their business strategy according to the market, as the demand for halal cosmetics are increasing.

Halal cosmetics have wide range of product type contains skin care, hair care, oral care, cosmetics, and others (perfumes, deodorants and fragrances). Among which skin care accounted the largest market with a share of 34.27% of the overall market in 2016 , and is likely to grow at a CAGR of 13.1% from 2017 to 2025. Manufacturers are trying to meet the terms of Islamic codes by combining more ingredients that are in obedience with the sharia law.

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The Middle East is a huge consumer market for halal cosmetics. Saudi Arabia, UAE, Oman, and Jordan are considerable high income countries. They have more organized Islamic society, which in turn is a driving factor for the global industry. Asia Pacific have around 45% of the global Muslim population. Pakistan, Malaysia, India, Indonesia, Bangladesh, and Maldives are the developing countries and have a stable socio-economic condition with a considerable Muslim population. These factors will lead to the growth of halal cosmetics globally.

Some of the major companies operating in the market include Clara International, INGLOT, INIKA Cosmetics, Ivy Beauty, Maicare Marketing, Martha Tilaar Group, MMA Bio Lab (IMED Lab), PHB Ethical Beauty, Saaf Skincare and Prolab Cosmetics, Talent Cosmetic Co., Ltd., The Halal Cosmetics Company, and Zelcos.

News: http://www.prcosmos.com/pipeline…

News: http://www.prcosmos.com/big-data…

3 Replies to “What is the best halal cosmetics market and why?”

  1. Rising demand for Halal products including cosmetics, pharmaceuticals and food & beverages in accordance with the traditional Islamic law is expected to drive the global industry growth. The Muslim population is projected to reach 2.2 billion by 2030 up from 1.7 billion in 2014. At present, Muslims account for over 20% of the global population.

    The usage of halal products by non-Muslim consumers is also on the upsurge, which is anticipated to fulfil the worldwide demand further. Since these products are not limited to food & beverages, they have diversified into various products & services which have witnessed a boom since their inception.

    Read More : Halal Market Size, Share, Trends, 2014-2024 | Industry Analysis Report

  2. Indonesia.

    4th largest country in the world by population, and ranked first as the world's most populous Muslim country. Indeed a big market for Halal products.

    Rising middle class. Indonesia is a story of rapidly growing middle class segment who is spending more and more as their economic well-being improves. Not only Jakarta or other big tier one cities that are seeing this phenomenon but also the second and third tier cities. These people especially the more religious ones will be willing to spend more on Halal cosmetics products.

  3. Halal cosmetics and personal care products are widely recognized for their purity and quality assurance, which are also adding to the growth of global halal cosmetics market. For a product to be certified halal, it should not contain alcohol, should not be tested on animals, and should not contain animal ingredients. Food products that are prohibited according to the Islamic Sharia law should also be avoided during the synthesis of halal cosmetics. Every Halal product needs to gain a Halal certification, which guarantees to consumers that the product does not contain any forbidden components. Halal certificate is issued for a fee by a certifying body.

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