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.
Browse full research report on Halal Cosmetics Market: https://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: https://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
- U.S.
- Europe
- Germany
- UK
- France
- Asia
Pacific
- China
- Japan
- India
- Malaysia
- Indonesia
- CSA
- Brazil
- MEA
- Saudi
Arabia
- Kuwait
- UAE
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.
For more information: www.grandviewresearch.com
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