Increasing demand from personal care industry boosts the Halal Cosmetics Products Market

Product Description:
Halal cosmetics have seen significant adoption among Muslim consumers as the demand for personal beauty and modern beauty products that adhere to religious allegiance increases. Halal cosmetics are made with ingredients permitted by Islamic Sharia law.

Market overview:
The global Halal Cosmetics Products Market was worth USD xx billion in 2020, and it is foreseen that it will reach a valuation of USD xx billion by 2025 at a CAGR of xx% during the calculated period.

Recent Developments:
Cosmax, a Korean cosmetic materials design and development manufacturer, produced 50 Halal-certified products at its Jakarta plant in Indonesia.
(https://halalfocus.net/south-korea-cosmax-takes-lead-in-adapting-to-halal-cosmetics/)

Market Drivers and Restrains:
Halal cosmetics are on the rise as consumer awareness of the use of cosmetic ingredients increases. They are known to be safe for Muslim and non-Muslim consumers in terms of their knowledge of the process, the properties of the product, and the ingredients used. Consumer preference has shifted towards halal cosmetic products due to health risks such as cancer and other distortions associated with cosmetics containing nanoparticle components. The global halal cosmetics market is also promoted by a hike in the Muslim population, the augmented usage of such cosmetics, and a rise in compliance with halal certification.

These factors provide advantageous opportunities for multinational companies operating in the global halal cosmetics market. Demand for halal color cosmetics is expected to show the strongest growth over the forecast period due to the increasing purchasing power of the growing Muslim population and the desire of young Muslim women to link their interest in fashion and makeup with Islamic allegiance. The adoption rate is falling due to the lack of knowledge about halal cosmetics among consumers, which is hampering the market for halal cosmetics.

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Report is segmented as:
The market for halal cosmetics products is divided by product, distribution channel and region. Depending on the product, the global market is divided into cosmetics and personal care, processed food and beverages, and pharmaceuticals. The distribution channel of the halal cosmetics market consists of online and offline sales, where the offline mode includes boutiques, multi-brand stores, branded outlets and specialty stores. Consumers prefer retail sales when buying cosmetics because they can analyze product content and date of manufacture. However, the online medium for purchasing halal cosmetics has been observed as a growing trend among them.

Geographical Segmentation:
The Asia Pacific region is expected to have the largest market share due to the presence of emerging countries such as India, Malaysia, Bangladesh, Indonesia, Pakistan and the Maldives, as well as improving socioeconomic factors. Malaysia is very likely to emerge as a global halal hub as demand for cosmetics and toiletries increases. The Middle East, which includes the United Arab Emirates and Saudi Arabia, is expected to have a significant customer base due to rising income levels combined with a structured Muslim society.

Key market players:
Key players in the market include Iba Halal Care, Amara Cosmetics, Clara International, Halal Cosmetics Company, Wardah Cosmetics, Inika, Sampure Minerals, PHB Ethical Beauty, Mena Cosmetics, One Pure, and SaafSkinCare.

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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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