Halal Cosmetics Market
Halal is an Arabic
term which means lawful or permissible. Halal cosmetics are body and skin care products which are known to be free from the
materials that are forbidden by the Islamic society. Halal cosmetics are based
on the concepts of Halal and non-Halal, Najis and Mutanajis, safety and
quality. Halal cosmetic is considered as an innovation to the cosmetic industry
as it introduces new external and internal operations that will serve the
growing customer needs. Halal cosmetics are concerned towards halal compliance
that are basically applied upon the entire supply chain which ranges from
sourcing of raw materials to manufacturing, transportation, freight handling
and warehousing.
Major
Key Players of the Halal Cosmetics Market are:
Darling MMA Bio Lab Sdn Bhd, Ivy Beauty Corporation
Sdn Bhd, Talent Cosmetic Co., Limited, The Halal cosmetics company, PHB Ethical
Beauty, Sampure Minerals Amara Cosmetics Inc., Inika, Maratha Tilaar Group,
Clara International, Saaf Skin care, Prolab cosmetics, IBA Halal Care,
NUTRALab, Zelcos, Nizona Corporation, Croda among others.
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Growing consciousness among the consumers regarding
the usage of ingredients in cosmetic products are resulting to the increase in
halal cosmetics products. Government had identified halal cosmetics as
certified halal by the Islamic Religious Department in Malaysia without the use
of animal fat, gelatin or other chemicals. Halal cosmetics are known to be safe
for Muslim as well as the non-Muslim consumers in terms of process, nature of
the products and the knowledge of the ingredients used. Health hazards such as
cancer and other distortions associated with the cosmetic products containing
nano-particle ingredient resulted to a shift in consumer preference towards
halal cosmetics products.
The global halal cosmetic products market
has been segmented into different product types into skin care products, hair
care products, make up products and others. Hair care products segment is
expected to grow at a rapid rate in terms of revenue as compared to the other
type of products. Skin care segment and make up products are expected to lead
the market during the forecast period. The rise in demand for halal cosmetics
is manly prejudiced by the halal logos. Manufacturers of halal cosmetic
products are engaged upon continuous research and development in order to
develop new products and conducts regular survey in order to know the customers
concerns towards halal cosmetics. Increasing number of Muslim population and
preference towards consumption of beauty products is considered to be a major
driver for the global halal cosmetics market.
This study by TMR is
all-encompassing framework of the dynamics of the market. It mainly comprises
critical assessment of consumers' or customers' journeys, current and emerging
avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning
is the 4-Quadrant Framework EIRS that offers detailed visualization of four
elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all
the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to
evaluate the current and future growth prospects, untapped avenues, factors
shaping their revenue potential, and demand and consumption patterns in the
global market by breaking it into region-wise assessment.
The following regional
segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The EIRS quadrant
framework in the report sums up our wide spectrum of data-driven research and
advisory for CXOs to help them make better decisions for their businesses and
stay as leaders.
Research
objectives:-
– To study and analyze the global Halal
Cosmetics consumption (value & volume) by key regions/countries, product
type and application, history data.
– To understand the structure of the Halal Cosmetics market by identifying its
various sub-segments.
– Focuses on the key global Halal Cosmetics manufacturers, to define, describe
and analyze the sales volume, value, market share, market competitive
landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Halal Cosmetics with respect to individual growth trends,
future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of
the market (growth potential, opportunities, drivers, industry-specific
challenges and risks).
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In the end, Halal Cosmetics industry report
specifics the major regions, market scenarios with the product price, volume,
supply, revenue, production, and market growth rate, demand, forecast and so
on. This report also presents SWOT analysis, investment feasibility analysis,
and investment return analysis.
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