(PharmaNewsWire.Com, March 13, 2018 ) Global Halal Cosmetics Market: By Type (Personal Care, Makeup, Fragrances), By Application (Hair, Skin, Body, Face, Lips, Eyes), By Usage ( Men, Women, Unisex), By Distribution Channel (Supermarkets, Hypermarkets, Drugstores, Online Stores) and Geography Halal Cosmetics Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012 to 2016 and Forecast 2017 to 2023
Market Dynamics: Halal Cosmetics Market
Halal means permissible and lawful. Halal industry is expected to create new avenues for the market players due to increased awareness in the Muslim community. With increasing Muslim population across the globe, halal become one of the most vital factor in population. Rising inclination towards halal cosmetics is expected to drive the market. The cosmetics manufactured without using pork, dog or alcoholic ingredients expected to create huge demand by population. Furthermore, inclination towards organic and ecofriendly, healthy cosmetics, increase in investments on R&D activities, increase in usage of cosmetics by Muslim population propels the market growth for halal cosmetics. However, lack of awareness, low adoption rate, stringent regulatory framework enables hamper the growth of halal cosmetics market.
Market Scope: Halal Cosmetics Market Halal Cosmetics market is segmented on the basis of Type, Usage, Application, and Distribution channel and Geographical regions Based on the Type, Halal Cosmetics market is segmented into the following Personal Care Makeup Fragrances Based on the Application, This market is segmented into the following Hair Skin Lips Body Face Eyes Based on the Usage, This market is segmented into the following Men Women Unisex Based on the Distribution Channel, Halal Cosmetics market is segmented into the following Supermarkets Hypermarkets Drugstores Online stores
Regional Analysis: Halal Cosmetics Market Halal Cosmetics market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Middle East and Africa is expected to dominate the halal cosmetics market over the forecast period due to increased R&D investments in halal cosmetics, rising awareness among the people, increased demand for natural cosmetics. Europe halal cosmetics market is anticipated to show significant growth owing to ban on animal testing for beauty care products in 2009, which has led to the usage of natural organic ingredients in cosmetics and beauty care products. North America is expected show steady growth rate owing to increase in beauty consciousness and inclination towards usage of organic and natural products. Amara, was the first North American company to offer completely halal cosmetics which were certified by Islamic Food and Nutrition Council of America. Asia Pacific, Latin America expected to offer lucrative opportunities over the forecast period owing to presence of high Muslim population.
Competition Assessment: Halal Cosmetics Market Key players profiled in the global halal cosmetics market include Amara Cosmetics (U.S.) Saaf Skin Care (UK) Clara International (Malaysia) INIKA (Australia) Talent Cosmetic Co., Ltd. (Korea) MMA Bio Lab Sdn Bhd (Malaysia) The Halal Cosmetics Company (UK) Prolab Cosmetics (Brazil) Martha Tilaar Group (Indonesia) IBA Halal Care (India)
Notable Market Developments: Halal Cosmetics Market In 2015, Depilex Beauty Clinic and Beauty Parlor launched new range of Halal Makeup Products in Pakistan.
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