According to a new market research report published by Credence Research, Inc. “Halal Cosmetics Market– Growth, Future Prospects and Competitive Analysis, 2017 – 2025,” the global halal cosmetics market was valued at US$ 21.11 Mn in 2016, and is expected to each US$ 58.41 Mn by 2025, expanding at a CAGR of 12.9% from 2017 to 2025.
Halal is an Arabic word which means according to the law or permitted. Halal cosmetics are certified products by the Halal certification organizations, it functions under Sharia law, which means product contain no animal products and no alcohol. Halal cosmetics are body and skin care products, free from the ingredients that are illegal by the Islamic society.
Browse the full Halal Cosmetics Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025 report at http://www.credenceresearch.com/report/halal-cosmetics-market
The global halal cosmetics market is a highly fragmented market, with number of well-established international and regional players. Growing Muslim population and rising awareness about the usage of personal care products, meeting Islamic law standards and obey with religious beliefs is expected to drive the overall growth of this market. Increasing number of educated Muslims gaining consciousness regarding usage of safe & high-quality products is another factor for the changing trends. Due to rising awareness about side effects of chemical material used in cosmetics is growing the demand for halal cosmetics, among both Muslims and non-Muslim population. Local and international players are changing their business strategy according to the market, as the demand for halal cosmetics are increasing.
Halal cosmetics have wide range of product type contains skin care, hair care, oral care, cosmetics, and others (perfumes, deodorants and fragrances). Among which skin care accounted the largest market with a share of 34.27% of the overall market in 2016 , and is likely to grow at a CAGR of 13.1% from 2017 to 2025. Manufacturers are trying to meet the terms of Islamic codes by combining more ingredients that are in obedience with the sharia law.
Request Sample: http://www.credenceresearch.com/sample-request/58194
The Middle East is a huge consumer market for halal cosmetics. Saudi Arabia, UAE, Oman, and Jordan are considerable high income countries. They have more organized Islamic society, which in turn is a driving factor for the global industry. Asia Pacific have around 45% of the global Muslim population. Pakistan, Malaysia, India, Indonesia, Bangladesh, and Maldives are the developing countries and have a stable socio-economic condition with a considerable Muslim population. These factors will lead to the growth of halal cosmetics globally.
Some of the major companies operating in the market include Clara International, INGLOT, INIKA Cosmetics, Ivy Beauty, Maicare Marketing, Martha Tilaar Group, MMA Bio Lab (IMED Lab), PHB Ethical Beauty, Saaf Skincare and Prolab Cosmetics, Talent Cosmetic Co., Ltd., The Halal Cosmetics Company, and Zelcos.
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
Name: Chris Smith
Designation: Global Sales Manager