The global halal cosmetics market size is projected to reach USD 52.02 billion by 2025 registering a CAGR of 12.3%, according to a new report by Grand View Research, Inc. Considerable Islamic population base across the globe that is willing to pay premium prices for Halal-certified beauty products is anticipated to drive the product demand over the forecast period. The market is niche with the presence of both large- and small-scale manufacturers. Growing concern among consumers about the usage of animal-derived ingredients, such as gelatin and collagen, has resulted in the increased production of halal-certified products by many cosmetic industry participants.
Regional companies are entering the global market to fulfill the rising demands. Middle East and Africa accounted for around 18% of the global revenue share in 2018. Though there is a growing demand for halal products in Middle East, there is an absence of complete regulation system. However, Brunei has an established regulatory system that promotes and produces halal products. There have been a lot of initiatives taken by different Islamic countries to integrate the halal industry. For instance, Malay Chamber of Commerce Malaysia (MCCM) built a marketing center in Dubai to help the growth of such products and pave opportunities for manufacturers to advertise their portfolio.
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Further key findings from the study suggest:
• Skin care is anticipated to be the fastest-growing product segment of the halal cosmetics market over the forecast period
• Makeup products is projected to be the second-largest segment and is said to register a CAGR of 12.5% from 2019 to 2025
• Middle East & Africa is the second-largest regional market after Asia and was valued at 4.04 billion in 2018
• Since Muslims constitute a major part of the population of the region, the mainstream cosmetic industry is pushed to fulfil their needs
• Some of the key companies in this market are MMA Bio Lab Sdn Bhd, Ivy Beauty Corporation Sdn Bhd, PHB Ethical Beauty
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Table of Contents
Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 GVR’s Internal Database
1.3.3 Secondary Sources & Third-Party Perspectives
1.3.4 Primary Research
1.4 Information analysis
1.5 Data analysis models
1.6 Market formulation & data visualization
1.7 Data validation & publishing
Chapter 2 Executive Summary
2.1 Market snapshot
Chapter 3 Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.1.1. Global Cosmetics Market Outlook
3.1.2. Global Halal Cosmetics Market Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Raw Material Trends
3.3.2. Manufacturing Trends
3.3.2.1. Outsourcing & Contract Manufacturing Trends
3.3.3. Sales Channel Analysis
3.3.4. Vendor Selection Criteria Analysis
3.3.5. Profit Margin Analysis
Read more research reports of this category by Radiant Insights:
• Cosmetic Preservatives Market – https://www.radiantinsights.com/research/global-cosmetic-preservatives-market-professional-survey-report-2017
This report studies Cosmetic Preservatives in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022.
This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering
• Ashland
• BASF
• Lonza
• Akema Fine Chemicals
• Symrise
• MnM View
• DOW
• Clariant
• Salicylates
• Brenntag
• Chemipol
• Aerosol Propellants Market – https://www.radiantinsights.com/research/aerosol-propellants-market-analysis-by-product-hydrocarbons-dme-cfc-by-application-households-personal-care-paints-amp-coatings-medical-and-segment-forecasts-to-2020
Global Aerosol Propellants Market is expected to reach USD 24.83 billion by 2020, according to a new study by Grand View Research, Inc. Increasing demand for aerosol products coupled with rising application in cosmetics is expected to drive market growth. Growing demand for aerosol propellants primarily in household products including air fresheners, disinfectants and insect repellents is expected to supplement market growth. Asia Pacific is expected to witness swift growth over the forecast period as a result of mounting demand for household products along with supportive regulatory scenario. Technological advancements and innovations to develop low cost, eco-friendly and low VOC products are further expected to serve as growth opportunities for the market over the forecast period.
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