Global Halal Cosmetics Market Opportunity and Growth Forecast 2018-2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 10, 2018--The “Halal Cosmetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” report has been added to ResearchAndMarkets.com’s offering.The global halal cosmetics market reached a value of US$ 63 Billion in 2017. The market value is further expected to reach US$ 89 Billion by 2023, exhibiting a CAGR of 5.8% during 2018-2023.
Global Halal Cosmetics Market Drivers
The market is strongly driven by an increasing Muslim population which now accounts for over a fifth of the global population. With the younger generation emerging as more conscious consumers, the overall spending on halal cosmetics is increasing.
The range of halal cosmetics has also increased in recent years. Earlier, the choice of halal cosmetics used to be limited for Muslim women. However catalysed by the strong demand of these products, the number of manufacturers and their range of products has risen robustly over the last few years. Today, halal certified cosmetic manufacturers offer a range of items that include perfumes, toners, lipstick, shampoos, lotions, soaps, powders, shower gels, etc.
The market for halal cosmetic products is not limited to the Muslim population but is also attracting Non-Muslim consumers. Halal beauty products symbolize safety, cleanliness, hygiene, and animal byproduct-free products. It also stresses upon cleanliness during manufacturing, packaging and storage. This is driving its demand in a number of Non-Muslim countries.
The market has also been catalysed by the rising penetration of ecommerce and social media. The online market continues to play a key role in driving the demand of these products and is growing significantly faster than more traditional distribution channels. Manufacturers are also increasingly using social media platforms such as youtube, facebook, instagram, whatsapp, etc. to influence consumers.
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Global Halal Cosmetics Market
6 Market Breakup by Product Type
7 Market Breakup by Distribution Channel
8 Market Breakup by Region
9 Halal Cosmetics Manufacturing Process
10 Competitive LandscapeAmara CosmeticsPure Halal BeautySAAF InternationalSamina Pure MakeupInika CosmeticsMartha Tilar GroupOne PureIvy BeautyMMA BiolabThe Halal Cosmetics companyClara InternationalInglotJataineLe Wangi De Wangi.For more information about this report visit https://www.researchandmarkets.com/research/jng4j2/global_halal?w=4
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INDUSTRY KEYWORD: RETAIL COSMETICS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 09/10/2018 05:43 AM/DISC: 09/10/2018 05:43 AM