According to the latest report by IMARC Group, titled “Halal Cosmetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on halal cosmetics market report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global halal cosmetics market reached a value of US$ 27.31 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 54.06 Billion by 2027, exhibiting at a CAGR of 11.85% during 2022-2027.
Halal cosmetics are generally manufactured using ingredients that are formulated in accordance with the Islamic Sharia regulations. Therefore, these products are devoid of elements derived from carrion, human body parts, predatory animals, reptiles and insects. Apart from this, these cosmetics should also be free from genetically modified organisms (GMO).
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Trends:
The global market is primarily driven by the rising number of individuals who follow Islamic Sharia norms as a part of their religious beliefs. Along with this, the increasing awareness regarding the safety, hygiene and reliability offered by halal cosmetics among the general population is also creating a positive outlook for the market. Furthermore, the rising preference toward the usage of safe, natural and eco-friendly cosmetics among individuals is providing a boost to the market growth further. Some of the other factors contributing to the market growth include the easy product availability via online and offline organized retail channels and the widespread adoption of social media advertising by key players.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Amara Cosmetics
- Pure Halal Beauty
- SAAF International
- Sampure Minerals
- Inika Cosmetics
- Martha Tilar Group
- One Pure
- Ivy Beauty
- MMA Biolab
- The Halal Cosmetics company
- Clara International
- INGLOT
- Jataine
- Le Wangi De Wangi
Halal Cosmetics Market Segmentation:
Our report has categorized the market based on region, product type and distribution channel.
Breakup by Product Type:
- Personal Care Products
- Skin Care
- Hair Care
- Fragrances
- Color Cosmetics
- Face
- Eyes
- Lips
- Nails
Breakup by Distribution Channel:
- Online
- Offline
Breakup by Regional Insights:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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