Global Halal Cosmetics Market to 2024 - Rising Penetration of e-Commerce and Social Media Platforms
DUBLIN, April 25, 2019 /PRNewswire/ -- The "Halal Cosmetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The global halal cosmetics market reached a value of US$ 66 Billion in 2018. The market value is further expected to reach US$ 94 Billion by 2024, exhibiting a CAGR of 6% during 2019-2024.
Halal cosmetics are manufactured by using ingredients which are permissible according to the Islamic Sharia law. These products are free from any human parts or materials derived from it; do not contain ingredients that are derived from animals which are prohibited by Islamic law or from animals that are slaughtered in a non-halal way.
These products are also free from any genetically modified organisms (GMO) which are considered as unclean. Each of these products must be certified by manufacturers to guarantee that it does not contain any components which are not in compliance with Islamic law.
Global Halal Cosmetics Market Drivers
The market is strongly driven by an increasing Muslim population which now accounts for over a fifth of the global population. With the younger generation emerging as more conscious consumers, the overall spending on halal products is increasing.
Earlier, the choice of halal cosmetics used to be limited, however, catalyzed by the strong demand for these products, the number of manufacturers and their range of products has risen robustly. Today, halal certified cosmetic manufacturers offer a range of items that include perfumes, toners, lipstick, shampoos, lotions, soaps, powders, shower gels, etc.
The market for these products is not limited to the Muslim population but is also attracting non-Muslim consumers. Halal beauty products symbolize safety, cleanliness, hygiene, and animal byproduct-free products. They also stress on cleanliness during manufacturing, packaging and storage, which is driving their demand in several non-Muslim countries.
The market has also been catalyzed by the rising penetration of e-commerce and social media platforms. The online market continues to play a key role in driving the demand for these products and is growing significantly faster than more traditional distribution channels. Manufacturers are also increasingly using social media platforms such as YouTube, Facebook, and Instagram to influence consumers.
Breakup by Product:
Based on product types, the market has been segmented as personal care products and color cosmetics. Currently, personal care products dominate the market, holding the largest share. These products are further segregated as skincare, haircare, fragrances and others.
Breakup by Distribution:
Based on the distribution channel, the market has been segmented into online and offline retail formats. Amongst these, offline channels represent the largest segment, accounting for the majority of the total market share.
Regional Insights:
Region-wise, the market has been segmented into Asia Pacific, Middle East and Africa, Europe, North America and Latin America. Amongst these, Asia Pacific is the leading market, accounting for the majority of the global share.
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report with detailed profiles of the leading manufacturers.
Key Questions Answered in This Report:
- How has the global halal cosmetics market performed so far and how will it perform in the coming years?
- What are the key product types in the global halal cosmetics industry?
- What are the major distribution channels in the global halal cosmetics industry?
- What are the various application segments in the global halal cosmetics industry?
- What are the leading regional markets in the global halal cosmetics industry?
- What are the price trends of halal cosmetics?
- What are the various stages in the value chain of the global halal cosmetics market?
- What are the key driving factors and challenges in the global halal cosmetics market?
- What is the structure of the global halal cosmetics market and who are the key players?
- What is the degree of competition in the global halal cosmetics market?
- How are halal cosmetics manufactured?
Some of the key players operating in the market are:
- 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
For more information about this report visit https://www.researchandmarkets.com/r/c297l7
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