Global Halal Cosmetics Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global halal cosmetics market in its upcoming report titled, “Global Halal Cosmetics Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global halal cosmetics market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global halal cosmetics market report has been segmented on the basis of product type, distribution channel, and region.

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This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Regular personal care products such as cosmetics, shampoos, conditioners, body creams, and shower gels contain byproducts of animals such as pig, chicken, goat etc. Halal means permissible as per teachings of Islam religion and refers to what is lawful in Islam. Islam forbids consumption of alcohol, pork, and blood. Halal cosmetics are made without the use of pork or any alcoholic ingredients. These products also do not use glycerin, gelatin, collagen, etc. and also exclude ingredients that are harmful for human body such as mercury, hydroquinone, and lead.

Increasing demand for halal cosmetics among growing Muslim population in the world is a major factor driving growth of the global halal cosmetics market. Around 24% individuals in the world are followers of Islam and their population is increasing by each passing day. Growing awareness among individuals regarding ingredients that are used in cosmetics is another factor fueling growth of the global market. Rising demand for halal personal care products such as hair care, skin care products coupled with personal hygiene consciousness are also factor propelling growth of the target market. Furthermore, growing adoption of new trends in cosmetics with religious observance is a factor expected to boost growth of the global halal cosmetics market in the near future.

However, lack of awareness regarding various types of halal products among consumers may hamper growth of the global halal cosmetics market. Nevertheless, introduction of wide range of halal products and use of advertisements and social media for spreading awareness regarding halal cosmetics is developing countries can create high revenue opportunities for players in the target market.

The market in Asia Pacific is expected to witness significant growth in terms of revenue over the forecast period. Increasing Muslim population in East Asian countries such as Malaysia, Thailand, Singapore, Indonesia is a factor anticipated to drive growth of the global halal cosmetics market in this region. Revenue of Middle East and Africa market is expected to witness high growth in the global market in the near future followed by North America, Europe and Latin America, owing to presence of Muslim population.

Global Halal Cosmetics Market Segmentation:

By product type:

• Personal Care Products
  • Hair Care
  • Skin Care
  • Beauty Care
• Fragrances
• Color Cosmetics

By distribution Channel:

• Supermarkets and Hypermarkets
• Specialty Stores
• Online Stores

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa