MarkNtel Advisors recently published a detailed industry analysis of the Halal Cosmetics Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Halal Cosmetics Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028
The Halal Cosmetics Market is projected to grow at a CAGR of around 11.0% during the forecast period, i.e., 2023-28.
What are the major Driver the Halal Cosmetics industry?
Growing Muslim Population and Demand for Quality Products – The increasing demand for halal grooming, hygiene, and self-care products amongst the growing Muslim population has driven the industry. Besides, Halal Cosmetics are popular to possess certain quality and standards due to governmental certifications and religious rules, upgrading their value, hence exemplifying the market.
Islamic law prohibits ingredients sourced from pigs, blood, human body parts, reptiles, and insects and also states that the processing, storage, and transportation of the product to be done hygienically. Thus, the hyped safety and quality of the products have been gaining market traction in the cosmetic industry during the historical period and are expected to continue in the same way during the forecasting period.
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What segments define the Halal Cosmetics market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
- By Product Type
- Personal Care Products
- Color Cosmetics
- Fragrances
According to report, Among all, Personal Care Products are expected to witness the highest market growth in the forecast period.
- By Application
- Hair Care
- Skin Care
- Face Care
- Beauty Care
According to report, Here, Hair Care Application garnered a significant market share during the historical period and is expected to continue in the same trend in the forthcoming years.
- By Distribution Channel
- Online
- Offline
Explore the Complete Halal Cosmetics Market Analysis Report – https://www.marknteladvisors.com/research-library/halal-cosmetics-market.html
Geographical Analysis: Halal Cosmetics Market
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Halal Cosmetics Market Share & Competitive Landscape:
The Halal Cosmetics Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Halal Cosmetics Market are:
- Amara Cosmetics
- Brataco Group Of Companies
- Clara International Beauty Group
- Halal Cosmetics Company
- Iba Halal Care
- Inika
- Mena Cosmetics
- Phb Ethical Beauty
- Sampure Minerals
- Wardah Cosmetics
Halal Cosmetics Industry Recent Development:
- In November 2022, Believe Company invested 10 million USD in partnering with Iba Halal Care Cosmetics to distribute and expand their retail market space across operating countries, including Middle Eastern, South Asian, and European countries.
- In April 2022, Inika launched its new cosmetics collection named Pure and Purpose, which includes Lash & Brow Serum, Hydrating Toning Mist, Eyeshadow Quads, Brow Palette, and more products claiming to be 100% natural, vegan-certified, halal-certified, and cruelty-free.
Questions Addressed in this Study
1.What factors are driving the Halal Cosmetics Market growth?
2.How is the Halal Cosmetics Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Halal Cosmetics Market?
4.What is the current size of the Halal Cosmetics Market, and how is it projected to change in the future?
6.What is the future outlook for the Halal Cosmetics Market in terms of technological advancements and market expansion?
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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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