Halal Cosmetics Market (Product Type - Hair Care, Skin Care, Color Cosmetics, Fragrances, and Others; Distribution Channel - Convenience Stores, Supermarkets/Hypermarkets, Specialty Stores, and Online Stores): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : November, 2019

  • Rep Id : CGP042

  • Category : Consumer Goods and Packaging

  • Status : Published

A recent report published by Infinium Global Research on halal cosmetics market provides in-depth analysis of segments and sub-segments in the global as well as regional halal cosmetics market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional halal cosmetics market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global halal cosmetics market. According to the report, the global halal cosmetics market is projected to grow at a CAGR of 12.56% over the forecast period of 2019-2025.

 

Market Insight

Halal cosmetics are those products which are manufactured by using ingredients that are acceptable according to the Islamic Sharia law. These products are free from the ingredient that is derived from animals that are prohibited by Islamic law or from animals that are slaughtered in a non-halal way. All these products are certified by manufacturers to assure that it does not include any components that are not in compliance with Islamic law. These cosmetics are based on safety and quality concepts.

 

Increasing purchasing power among the Islamic states is a major factor driving the growth of the halal cosmetics market. According to the State of the Global Islamic Economy Report 2018/19, Indonesia’s total expenditure on halal cosmetics was USD 3.9 billion. The demand for halal cosmetic products is growing in countries such as Indonesia, Malaysia, UAE, and others to comply with Sharia religious guidelines. Further, the manufacturers are also focusing on increasing the production of halal cosmetics to serve the growing demand of the customers. Growth in disposable income and the adoption of modern lifestyle also motivation the growth of the halal cosmetics market. Several cosmetics contain an ingredient which can cause skin irritation and may have long term effect on health. With the increasing awareness among consumers regarding the usage of gelatin and collagen free products, has resulted in the increased production of halal certified products by several cosmetic manufacturing industries. Owing to these factors, multinational players have potential opportunities to enter the halal cosmetics industry. However, different countries are having different laws for halal owing to this the manufacturer is facing difficulties in setting standard manufacturing the guideline which pose as a challenge for the growth of the halal cosmetics market.

 

In terms of geographies, Asia Pacific region has dominated the growth for the halal cosmetics market. Further, owing to the increase in the Muslim population, growth in spending on personal care products, increasing awareness among the consumers regarding the use of halal certified products are some of the factors boosting the growth of halal cosmetic products in Asian countries such as Indonesia, and Malaysia. Addition to this, several industries present in this region are focusing to consolidate their position by presenting a wide range of product portfolio. Moreover, changing lifestyle, increasing demand for personal grooming and trending beauty products, and are willing to pay a premium price for halal certified beauty products have resulted in the growth of the halal cosmetics market in Asia Pacific region.

 

Segment Covered

The report on the global halal cosmetics market covers segments such as product type and distribution channel. On the basis of product type, the sub-markets include hair care, skin care, color cosmetics, fragrances, and others. On the basis of the distribution channel, the sub-markets include convenience stores, supermarkets/hypermarkets, specialty stores, and online stores.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Amara Halal Cosmetics, Sampure Minerals, INIKA Organic, Elaheh Halal Cosmetics Inc., IVY Beauty Corporation Sdn Bhd, CLARA INTERNATIONAL BEAUTY GROUP, Mena Cosmetics Co., Ltd., PHB Ethical Beauty Ltd., Talent Cosmetics Co. Ltd., Martha Tilaar Group, and others.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of halal cosmetics market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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