San Francisco, 23
October 2018: 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.
Access
Research Report of Halal Cosmetics Market@
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
Browse more reports of this category by Grand View
Research at: 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
·
Europe
·
Asia Pacific
·
CSA
·
MEA
Access Press Release of
Halal Cosmetics Market@ www.grandviewresearch.com/press-release/global-halal-cosmetics-market
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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