Halal Cosmetics Market Analysis By Growth, Emerging Trends And Future Opportunities Till 2028

Date: January 09, 2023

Halal Cosmetics Market Analysis By Growth, Emerging Trends And Future Opportunities Till 2028

Renowned analysts cite that global halal cosmetics market is anticipated to witness a CAGR of 9% during the forecast timeframe & accrue noteworthy returns by the end of 2028.

Growing consumer awareness of the negative effects of specific ingredients, like carcinogens and carbon black, which are widely utilized in cosmetics is the major growth determinant for global halal cosmetics market.

Additional variables influencing the demand for halal cosmetics include product dependability, dedication to the product, intention to buy halal cosmetics, belief in the process of product production, environmental consciousness, and several other religious convictions.

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However, halal certification organizations around the world have mostly concentrated on halal food certification and may not have the capacity or desire to promote and certify halal cosmetics, which causes buyers to question the legitimacy, thereby hampering the industry expansion.

Based on product type, the market is divided into beauty care, fragrances, hair care, personal care products, and skin care. Out of which, the personal care products segment is likely to grow significantly during the forecast period. In terms of gender, the women segment is expected to witness a notable expansion in the coming years.

On the basis of category, worldwide halal cosmetics industry is split into premium and mass. By distribution channel, the market is bifurcated into modern retail and conventional retail. Out of which, the modern retail segment is likely to expand substantially during the analysis timeframe. In terms of application ambit, the industry is categorized into beauty care, face care, skin care, and hair care.

Regionally, the latest trends are studied across Eastern Europe (Poland, Russia, rest of Eastern Europe), Asia Pacific (Australia, ASEAN, South Korea, India, Japan, China, rest of APAC), Middle East & Africa (South Africa, Turkey, GCC, rest of MEA), Western Europe (UK, France, Germany, Spain, Benelux, Nordic, Italy, rest of Western Europe) Latin America (Mexico, Brazil, rest of Latin America), and North America (U.S. and Canada). Among these, Asia Pacific industry is poised to grow tremendously over the forecast duration.

Moving to competitive landscape, the leading players in global halal cosmetics industry are SimplySiti Sdn. Bhd., Wardah Cosmetics, Halal Beauty Market, Sampure Minerals, Mena Cosmetics Co. Ltd., The dUCk Group, Kolmar Korea, Iba Cosmetics, Clara International Beauty Group, IVY Beauty Corporation, Inika Organic, Tuesday In Love, SO.LEK Cosmetics, Amara Beauty, and Breena Beauty.

Questions And Answers: Global Halal Cosmetics Market

Q1. What are the growth determinants for global halal cosmetics market?

Answer: Growing consumer awareness of the negative effects of specific ingredients, like carcinogens and carbon black, which are widely utilized in cosmetics is the major growth determinant for global halal cosmetics market.

Q2. Which product type category is slated to contribute significantly to worldwide halal cosmetics market earnings?

Answer: The personal care product segment of worldwide halal cosmetics industry is poised to grow significantly over the forecast duration.

Q3. Which are the key players in global halal cosmetics market?

Answer: The leading players in global halal cosmetics industry are SimplySiti Sdn. Bhd., Wardah Cosmetics, halal beauty market, Sampure Minerals, Mena Cosmetics Co. Ltd., The dUCk Group, Kolmar Korea, Iba Cosmetics, Clara International Beauty Group, IVY Beauty Corporation, Inika Organic, Tuesday In Love, SO.LEK Cosmetics, Amara Beauty, and Breena Beauty.

For More Details on This Report: https://www.marketstudyreport.com/reports/global-halal-cosmetics-market-2022-by-manufacturers-regions-type-and-application-forecast-to-2028

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