Total Views: 56Word Count: 433See All articles From Author Halal Cosmetics Market Future Growth, Business Prospects and Forecast to 2023
by MRFRresearch · June 20, 2019
As per the report furnished by Market Research Future (MRFR), the global halal cosmetics market size will be expanding at a striking rate of 13.40% over the forecast period (2018鈥?023) Dustin Brown Youth Jersey , backed by the growing momentum and subsequent demand of halal cosmetics over the past couple of years.
Growth Factors and Barriers
Halal cosmetics are manufactured by making use of only those ingredients that are permissible as per the Islamic Sharia law. Halal products do not contain anything associated with any human parts or any kind of material that is derived from it. It is also free of any ingredient that has been derived from animals, as it is prohibited by Islamic law. Furthermore, halal cosmetics are also free of ingredients that come from animals that were slaughtered in a non-halal way. Numerous consumers are more than ready to pay a premium for these products as their religious beliefs are given due consideration.
Besides, the聽Halal Cosmetics Market聽is largely driven by an increasing Muslim population that accounts for over a fifth of the global population at present. Also, as the younger generation is turning into more conscious consumers, the total spending on halal cosmetics is on a rise. The market also benefits from the increasing range of halal cosmetics in recent years. In previous times, the use of halal cosmetics was limited to just Muslim women Anze Kopitar Youth Jersey , however, catalyzed by the massive demand of these products, more manufacturers are now increasing their range of products. Currently, a vast range of items is being offered by halal certified cosmetic manufacturers, which include toners, perfumes, shampoos Drew Doughty Youth Jersey , lipstick, soaps, lotions, shower gels, powders, etc.
As halal beauty products symbolize cleanliness, hygiene Jeff Carter Womens Jersey , safety, and animal byproduct-free products, with great stress upon cleanliness during packaging, manufacturing, and storage, the market rings in phenomenal revenue per year. This factor also drives the demand in a number of Non-Muslim countries as well. The market has also been propelled by factors like the rising penetration of e-commerce as well as social media. The online market is progressively playing a stellar role in the growth of the halal cosmetics market. Manufacturers are also riding high on the growing popularity of these products by increasingly making use of social media platforms like YouTube, Facebook Tyler Toffoli Womens Jersey , Instagram, WhatsApp, etc. in a bid to attract consumers.
Competitive Landscape
The key competitors in the halal cosmetics market include PHB Ethical Beauty, Iba Halal Care, Mena Cosmetics, Martha Tilar Group, Paragon Technology and Innovation Tanner Pearson Womens Jersey , SaafSkinCare, Ivy Beauty Corporation Sdn Bhd., Wardah Cosmetics, Clara International, Inika, Brataco Group of Companies, One Pure Derek Forbort Womens Jersey , Amara Cosmetics, Halal Cosmetics Company, Talent Cosmetics Ltd., Wipro Unza, Sampure Minerals, MMA Bio Lab Sdn Bhd. and others.
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