By keeping into focus customer requirements, the Halal Cosmetics market report has been generated by chewing over quite a lot of market parameters. These factors consist of but are not limited to latest trends, market segmentation, new market entry, industry forecasting, future directions, opportunity identification, strategic analysis and planning, target market analysis, insights and innovation. For market segmentation study conducted in this report, a market of potential customers is divided into groups or segments based on different characteristics such as application of product, deployment model, end user and geographical region etc.
Due to the risingMuslimpopulation, the halal cosmetics market is rapidly on the rise in its market value where currently it stands at USD 39.09 billion. Data Bridge Market Research analyses that the market will exhibit a CAGR of 12.5% for the forecast period of 2021-2028. This signifies that the market value, by 2028, would climb up to USD 100.3 billion.
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Market Overview:
The increased penetration of halal products in the cosmetics industry along with the compliance of halal certification has concluded in rising demand for the market. The rapidly increasing number of Muslim women entering into the fashion and cosmetics industry and become professionals is also in a way leading to the rise in the demand for halal cosmetic products. Over the past few years, the halalcosmetic industrywas limited to manufacturing only certain products. But with widening the scope of products, the demand for the same has subsequently risen. Also, the more and more Muslim population is shifting towards such products as they are the symbol of cleanliness, free of animal cruelty and hygiene.
However, high costs associated with the products may hamper down the growth of the market. Also, lack of standard guidelines forhalal certificationmay too prevail as a growth restraint for the market. There also exists lack of awareness about the same which will hold down the market from growing. Low adoption rate in the market for the products has also slowed down the growth rate. Competition from other products and brands and stringent regulations by the government of many countries on halal cosmetic products is also dampening the growth of the market.
The major players covered in halal cosmetics report are Amara Halal Cosmetics, HALAL BEAUTY COSMETICS, SAAF International., INIKA Organic Australia, Martha Tilaar Group., OnePure, LLC., IVY Beauty Corporation., MMA BIO LAB SDN BHD., CLARA INTERNATIONAL BEAUTY GROUP., INGLOT Cosmetics, Iba Cosmetics, TALENT COSMETICS, PHB Ethical Beauty Ltd, Tuesday in Love, Wardah, Wipro Unza Holdings Ltd., SirehEmas Marketing Sdn Bhd, TALENT COSMETICS, PROLAB COSMETICS and Ecotrail Personal Care Pvt. Ltd. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Global Halal Cosmetics Market Scope and Market Size :
The halal cosmetics market is segmented on the basis ofproduct, distribution channel and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of product, the halal cosmetics market is segmented into personal care, colour cosmetics and fragrance. Personal care products can be further sub-segmented into skin care, hair care and others. Colour cosmetics are further bifurcated into face, eyes, lips and nails.
- On the basis of distribution channel, the halal cosmetics market is segmented intoonlineand offline mode.
- On the basis of application, the halal cosmetics market is bifurcated into hair care, skin care, beauty care, face care and others.
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Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Halal Cosmetics Market Landscape
Part 04: Global Halal Cosmetics Market Sizing
Part 05: Global Halal Cosmetics Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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