Press release
Halal Cosmetics Market is estimated to be US$ 86.2 Billion by 2029 with a CAGR of 12.9% during the forecasted period
Halal Cosmetics Market
Report link:
https://www.prophecymarketinsights.com/market_insight/Global-Halal-Cosmetics-Market-By-613
Key Market Insights from the report:
The global halal cosmetics market accounted for US$ 26 billion in 2019 and is estimated to be US$ 86.2 billion by 2029 and is anticipated to register a CAGR of 12.9%. The market report has been segmented on the basis of product type, application, distribution channel, and region.
By product type, the personal care product segment dominates the target market owing to the growing number of Muslims willing to combine personal hygiene with religious observances. Halal personal care products have a wide range of product portfolio that has an extensive application in the daily lives of Muslim consumers due to religious adherence.
By application, halal hair care products include hair oil, hair shampoo, hair gel, conditioner, hair massage creams, and others. Haircare application has been registering a leading position in the halal cosmetics application over the years due to the desire for healthy hair and specific interest along with hair styling, particularly among Muslim women.
By distribution channel, the target market is segmented into the Offline and Online sectors. An online distribution channel is expected to register dominating position for the target market in the coming years.
By region, Asia Pacific is expected to capture the largest market share due to emerging countries such as India, Malaysia, Bangladesh, Pakistan, Indonesia coupled with improving social-economic factors.
๐๐ถ๐๐ฐ๐ผ๐๐ฒ๐ฟ ๐ข๐๐ฟ ๐ฃ๐ฟ๐ผ๐ฑ๐๐ฐ๐ ๐๐ถ๐๐ต ๐ฎ ๐๐ฟ๐ฒ๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ:
https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/613
Competitive Landscape:
The prominent player operating in the global halal cosmetics market includes,
Amara Cosmetics Inc.
Pure Halal Beauty Inc.
SAAF International Ltd
Sampure Minerals
Inika Cosmetics
Martha Tilar Group
One Pure International Group Ltd.
Ivy Beauty Corp.
MMA Biolab
The Halal Cosmetics Company
Inika
Talent Cosmetics Co. Ltd.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐๐ฟ๐ฒ๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐ฃ๐๐ ๐ก๐ผ๐:
https://www.prophecymarketinsights.com/market_insight/Insight/request-pdf/613
This trend is driven by various factors:
Religious Observance: The primary driver of the demand for Halal cosmetics is the adherence to Islamic principles and religious beliefs. Consumers who follow Islamic dietary laws (Halal) also seek beauty and personal care products that comply with these principles.
Ethical and Cruelty-Free Preferences: Halal cosmetics are often associated with ethical practices, including cruelty-free formulations and sustainable sourcing of ingredients. This aligns with the preferences of a broader consumer base seeking products with a focus on ethical and responsible production.
Growing Muslim Consumer Base: With an increasing global Muslim population, the demand for Halal products, including cosmetics, has naturally expanded. This demographic shift has prompted companies to recognize the significance of catering to the specific needs and preferences of Muslim consumers.
Cultural and Regional Influences: Halal cosmetics are not limited to Muslim-majority countries. The trend has gained traction globally as diverse populations embrace Halal products due to cultural influences, ethical considerations, and an overall interest in cleaner and more natural beauty options.
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https://www.prophecymarketinsights.com/market_insight/Global-Zero-Waste-Shampoo-Market-4755
https://www.prophecymarketinsights.com/market_insight/Global-Hand-Sanitizers-Market-By-3446
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