-- Global Halal Cosmetic Products Market Overview
Global halal cosmetic products market is forecasted to reach 42.23 billion USD by 2024, registering a CAGR of 13.12% during the forecasted period (2019 - 2024).
Most of the traditional markets across the globe are getting saturated, however, the Muslim community is developing some fast-growing consumer products and segments across the globe. One of these most promising segments witnessing the fastest growth in recent years is the halal cosmetics products market. This segment is offering a key growth opportunity for personal care and cosmetics manufacturers worldwide.
Color cosmetic product type segment is expected to grow at the fastest growth rate in global halal cosmetic products market attributable to the increasing number of young Muslim population associating their lifestyle and appearance with Islamic rules.
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Growing Muslim Population Worldwide to Fuel the Revenue Growth
The global halal cosmetic products market is driven by the increasing number of Muslims globally. Muslims account for approximately 25% of the global population. In 2015, the expenditure of Muslims on cosmetic products increased by 10% globally. Moreover, increasing health concerns among consumers after using cosmetic products across the globe is fueling the need for special cosmetic products thus, driving the market for halal cosmetic products globally. Furthermore, increasing awareness of Muslim consumers on their religious obligations has contributed towards the increasing demand for halal-certified cosmetic products globally.
Competitive Landscape of Online Gambling Market
Global halal cosmetic products market is a highly competitive market, with the presence of various domestic and international players. Amara Halal Cosmetics, IBA Halal care, MMA BIO LAB SDN BHD, Ecotrail Personal Care, CLARA INTERNATIONAL BEAUTY GROUP, INIKA Organic are some of the players operating in the global halal cosmetic products market.
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Scope of the Global Online Gambling Market Report 2019-2024
Global halal cosmetic products market is segmented by product type into skin care, hair care, color cosmetic, and fragrances. By distribution channel, the global halal cosmetic products market is segmented into, supermarkets/hypermarkets, specialty stores, convenience stores, online stores, and others.
Burgeoning Demand for Cosmetics From Asia Pacific Region
Demand for cosmetic products in the Asia Pacific is increasing rapidly with India and China being one of the largest emerging markets globally. Approximately, 15% of the Indian population is Muslim, thus giving the halal cosmetic products a lucrative opportunity for growth. In this regards, Iba Halal Care is the first producer of cosmetic products with Halal certification. Furthermore, Malaysia is one of the largest exports markets in comparison with Southeast Asian neighbor for halal products. For instance, as per data revealed by the Global Islamic Economy report, in 2017, Malaysia exported USD10.5 billion worth of certified products, up 32% from four years earlier in local-currency terms. Food accounted for nearly half the exports, along with cosmetics, chemicals, and other products.
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Overview
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porters Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
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5 MARKET SEGMENTATION
5.1 Product Type
5.1.1 Skin Care
5.1.2 Hair Care
5.1.3 Color Cosmetics
5.1.4 Fragrances
5.2 Distribution Channel
5.2.1 Supermarkets/Hypermarkets
5.2.2 Specialty Stores
5.2.3 Convenience Stores
5.2.4 Online Stores
5.2.5 Others
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Russia
5.3.2.5 Spain
5.3.2.6 Italy
5.3.2.7 Rest of Europe
5.3.3 Asia Pacific
5.3.3.1 India
5.3.3.2 China
5.3.3.3 Japan
5.3.3.4 Australia
5.3.3.5 Rest of Asia Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East and Africa
5.3.5.1 South Africa
5.3.5.2 Saudi Arabia
5.3.5.3 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Active Companies
6.3 Most Adopted Strategy
6.4 Company Profiles
6.4.1 Amara Halal Cosmetics
6.4.2 INIKA Organic
6.4.3 IVY Beauty Corporation Sdn Bhd
6.4.4 Clara International
6.4.5 Iba Halal Care
6.4.6 MMA BIO LAB SDN BHD
6.4.7 Elaheh Halal Cosmetics Inc.
6.4.8 Sampure Minerals
6.4.9 The Halal Cosmetics Company
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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