The Indonesia halal hair care market is
estimated to reach USD 1.27 billion by 2025, according to a new report by Grand
View Research, Inc. Increasing preference among the Islamic population
regarding ethical consumption of beauty products has contributed largely to
industry growth in recent years.
Additionally, rising demand for organic and
vegan-friendly products by the consumers owing to increasing awareness
regarding the detrimental impacts of chemical-based products has also driven
more positive outlook for halal products in the region and across the globe.
Indonesia also proposed a law stating that
all products must be halal certified by 2019. This has created huge potential
for these personal care products, encouraging numerous multinational cosmetic
brands to launch certified products. Expanding middle-class population and
their willingness to pay premium prices for quality products has also had a
positive influence on industry growth as well.
The demographic structure of the country,
comprising of over 60% youth, has proved beneficial for importers and
manufacturers of hair care products. Young people are attracted to innovative
products as they support their ethical beliefs & changing lifestyles.
Labels such as organic, animal cruelty-free, and vegan are not only influencing
the Islamic, but also the overall population in the country.
Shampoos were the dominant product category
in 2015, with over 33% of the revenue share in 2015 and expected to grow at a
rapid pace over the forecast period. Hijab-wearing women often face issues such
as dandruff, hair-fall and limp, dull, lifeless hair, which are being targeted
using specific shampoos containing natural ingredients.
Access Research Report
of Indonesia Halal Hair Care Market@ https://www.grandviewresearch.com/industry-analysis/indonesia-halal-hair-care-market
Further key findings from the report suggest:
· Conditioners are expected to experience
highest growth with a CAGR of 12.2% over the forecast period. Conditioners
specially catering to issues regarding covered hair, by improving volume and
bounce for flat tresses are expected to drive segment growth.
· increasing fashion consciousness and entry
of multinational companies with extensive product portfolios has also driven
growth in the color segment. Men are also latching onto coloring trends,
leading to an increase in demand for halal-certified colors with low synthetic
content.
· Key players include Unilever, Loreal,
Procter & Gamble, Clara International, Wardah, Sariayu Cosmetics, Iba Halal
and Saaf Skincare among others
· Unilever recently signed a partnership with
New York based Francesca Fusco for the launch of Sunsilk Clean & Fresh in
order to target women wearing hijabs on a regular basis
Grand View Research has segmented the
Indonesia halal hair care market on the basis of product.
Product Outlook (Revenue, USD Million, 2014
- 2025)
·
Shampoo
·
Hair Color
·
Hair Conditioners
·
Hair Oil
·
Styling Products
Access Press Release of
Indonesia Halal Hair Care Market@ https://www.grandviewresearch.com/press-release/indonesia-halal-hair-care-market-analysis
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.
No comments:
Post a Comment