The global halal cosmetics market is expected to reach USD 52.02
billion by 2025, according to a new report by Grand View Research, Inc.
Awareness levels of Muslim populace regarding the ingredients used in cosmetic
and personal care formulations to determine the industry’s future growth
trajectory.
With considerable Islamic population and their ingraining of cultural
aspects into daily lifestyles has pushed the mainstream beauty-care industry to
also concentrate on product offerings that are halal-certified. To the extent,
consumers are willing to pay a premium price for these goods keeping in view
ethical beliefs.
Countries such as Malaysia, Thailand, and Indonesia offer tremendous
opportunities for growth as a result of Islam being a predominant sect and
simultaneous socio-economic growth of individuals. Furthermore, products
certified by recognized bodies, such as JAKIM (Jabatan Kemajuan Islam
Malaysia), will also boost consumer confidence and further propel growth.
Malaysia and Indonesia together accounted for nearly 60% of the Asia
Pacific revenue in 2015, with skincare and makeup being the dominant products
consumed. Personal care and beauty-care launches in Malaysia outnumbered UK and
Philippines, primarily due to local brands such as SimplySiti and IVY Beauty.
Full Research Report On halal cosmetics market Analysis:
http://www.grandviewresearch.com/industry-analysis/halal-cosmetics-market
http://www.grandviewresearch.com/industry-analysis/halal-cosmetics-market
Further key findings from the report suggest:
·
Asia Pacific was the dominant region and
accounted for nearly three-quarters of the overall revenue in 2015.
·
Countries such as India, Malaysia,
Indonesia, Bangladesh, Pakistan and Maldives are characterized by considerable
Muslim population and improving socio-economic conditions The above stated
factors are crucial for halal cosmetics growth globally since Asia Pacific
accounts for nearly 45% of the global Muslim population
·
The Middle East is also an important
consumer hub for the industry, particularly considering high income levels in
UAE, Saudi Arabia, Jordan, and Oman. Furthermore, as a more structured Islamic
society, the region is a natural growth driving factor for the global industry
·
Hair care product segment is anticipated to
grow at a CAGR of 12.3% in terms of revenue over the forecast period. In view
these evolving consumer requirements, manufacturers are trying to comply with
Islamic code of law by incorporating more ingredients that are in compliance
with the sharia law
·
Major key operating companies include Clara
International, INIKA, Talent Cosmetic Co., Ltd., MMA Bio Lab Sdn Bhd, The Halal
Cosmetics Company, Saaf Skincare and Prolab Cosmetics, Martha Tilaar Group, and
IBA Halal Care.
·
Shiseido, a Japanese company sells 28 halal
skin care products under the brand name Za Brand in Malaysia. Colgate-Palmolive
Company also offers toothpaste products which are halal certified
View More Reports
Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/personal-care-and-cosmetics
Grand View Research has segmented the halal cosmetics market on the
basis product and region:
Halal Cosmetics
Product Outlook (Revenue, USD Million; 2014 - 2025)
·
Skin Care
·
Hair Care
·
Makeup
·
Others
Halal Cosmetics
Regional Outlook (Revenue, USD Million; 2014 - 2025)
·
North America
o U.S.
·
Europe
o Germany
o UK
o France
·
Asia Pacific
o China
o Japan
o India
o Malaysia
o Indonesia
·
CSA
o Brazil
·
MEA
o Saudi Arabia
o Kuwait
o UAE
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Report By Grand View Research:
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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