The cosmetics industry is observed to be one of the major sectors for growth in the product manufacturing industry. The products developed in the industry are observed to provide vital care for various exterior/aesthetic aspects in the human body. Notable areas for the application of products in the cosmetic industry include skin, face, and hair among others. The cosmetic products are seen to have been facing limitations in terms of regulations for the ingredients and production processes used for the various cosmetic products. The concept of halal cosmetic products has been growing in prominence owing to the higher focus on high quality ingredients for the products along with the demand for high accuracy production procedures for the products. The concerns related to the traditional ingredients utilized in the cosmetics industry are expected to spur the demand for products in the halal cosmetics market over the near future.
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The outbreak of the novel coronavirus (COVID-19) has affected the overall retail sector on the global scale. This trend has also affected the sales of various products in the cosmetics industry. The offline distribution of products in the halal cosmetics market has been observed to have limited growth in the year owing to limited availability across various physical stores across the world. This has led to a growth in terms of adoption for online channels for the procurement of halal cosmetics. In addition to this, procurement of products from countries other than the headquarters of the market participants has also observed to grow in the recent year. The reopening of markets across various countries, owing to the reduction of cases related to the virus, are expected to aid the growth for product availability of halal cosmetics.
In terms of revenue, global halal cosmetics market was valued at US$ 28.85 Bn in 2019 and is anticipated to grow at a CAGR of 9.75% over the forecast period (2020 - 2028). The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.
The detailed research study provides qualitative and quantitative analysis of halal cosmetics market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
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Key Findings of the Report:
- The products created under the halal cosmetics market are provided across a range of product lines. This is primarily done in order to provide users with more options in terms of product which would help them in taking care of various personal care applications. Based on the various categories of products available in the market, makeup products are observed to hold a significant share of the revenue in the global market. The primary reasons for the trend include higher awareness among consumers related to the product form across various countries along with higher investments from market participants towards product development and marketing for the product lines as compared to other products in the overall market portfolio. The products used for skin care applications are expected to play a key role in the growth of the revenue in the halal cosmetics. The segment is expected to grow at the fastest rate as compared to other segments in the market portfolio. The growing demand for skin care products on the global level is expected to aid the growth of the market segment.
- The products developed in the halal cosmetics market are provided to a wide range of users through the online and offline channels of distribution. Regions with significant presence of retail and fashion companies are seen to be contributing significantly to the offline distribution of products manufactured under the regulations for halal cosmetics on the global scale. Online distribution methods are seen to be an approach utilized by companies to cater users that are considered to be outside the major operating regions for the manufacturing company. The trend is expected to be helpful for users on the global scale for consumers in regions with limited offline distribution locations of the halal cosmetics market offerings.
- The products provided through the halal cosmetics market are distributed across numerous countries in various regions. The region of Asia Pacific is observed to be a notable revenue contributor among the various regions in the world. The significant presence of the cosmetics industry in the region along with growing awareness regarding the advantages of the market offerings among users is expected to aid the adoption of market offerings in the countries across the region over the forecast period. The region of North America showcases substantial share in terms of revenue in the global market. Rising awareness regarding the products through various marketing measures along with increasing initiatives from companies for product optimization are instrumental in assisting the growth rate for the halal cosmetics market in the region.
- The major players operating in the halal cosmetics market are Amara Halal Cosmetics, BREENA BEAUTY., Claudia Nour Cosmetics, HALAL BEAUTY COSMETICS, Iba Cosmetics, INIKA Organic Australia., Jolie Beaute., Mersi Cosmetics, Mersigo Sp. Z o.o. (Sampure), SO.LEK Cosmetics., TALENT COSMETICS, The dUCk Group, Tuesday in Love, Wardah, and ZAHARA among others.
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Global Halal Cosmetics Market:
- By Offerings
- Makeup
- Foundation
- Makeup Remover
- BB Cream
- Highlighter
- Skin Tint
- Concealer
- Mascara
- Eye Shadows
- Eye Liner
- Nail Colour and Remover
- Lip Gloss
- Lipstick
- Others
- Skin Care
- Face Cream
- Face Wash and Cleanser
- Hand Wash and Sanitizer
- Moisturiser and Gels
- Lip Balm
- Scrubs and Masks
- Facial Oils and Serum
- Toners
- Eye Cream
- Body Wash and Cream
- Beard Oil and Balm
- Beard Serum
- Others
- Hair Care
- Shampoo and Conditioner
- Hair Mist
- Hair Oils
- Others
- Fragrance
- Gift Sets and Collections
- Others
- Makeup
- By Gender
- Male
- Female
- By Distribution Channel
- Online
- Offline
- Retail Stores
- Specialty Stores
- Others
- By Region
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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