Halal Cosmetics Market, by Product Type (Skin Care, Hair Care, Color Cosmetics, and Fragrances), Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online Stores, and Others) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Halal Cosmetics Market Overview
The global halal cosmetics market size is projected to reach USD 42 billion by 2026 at a CAGR of 20% from USD 31 billion in 2021 during the forecast period 2021-2028.
“Halal” refers to the products that are manufactures, produced and composed on the basis of law of sharia. This simply means that the products don’t contain the derivatives of pig or any other haram items.
With the rising population of Muslims along with the increased demand for organic color cosmetics and the various online channel are some of the factors that have supported long-term expansion for Halal Cosmetics Market.
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The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. Pandemic had both positive and negative impact on the market. Opportunities were created for new product lines such as hand cream, face cream and sanitizers on the other hand the decreased demand has also impacted the market.
Halal Cosmetics Market Regional Analysis
Asia Pacific is expected to be the largest market during the forecast period. With the increased population of Muslims in the region has created the surge of the demand in the region.
Halal Cosmetics Market Competitive Landscape
Key Players
• IBA Halal care
• MMA BIO LAB SDN BHD
• Ecotrail Personal Care
• CLARA INTERNATIONAL BEAUTY GROUP
• INIKA Organic
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Halal Cosmetics Market Recent Developments
• In June 2021, IBA Halal care has recently launched hair colour which suites Indian skin tone.
Reasons to Acquire in the Halal Cosmetics Market
• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Halal Cosmetics market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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Frequently Asked Questions
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