清真化妝品市場 - 成長，趨勢，預測(2019 - 2024)
Halal Cosmetic Products Market - Growth, Trends And Forecasts (2020 - 2025)
|出版商||Mordor Intelligence LLP||商品編碼||907068|
|出版日期||內容資訊||英文 100 Pages
|清真化妝品市場 - 成長，趨勢，預測(2019 - 2024) Halal Cosmetic Products Market - Growth, Trends And Forecasts (2020 - 2025)|
|出版日期: 2020年01月01日||內容資訊: 英文 100 Pages||
Global halal cosmetic products market is forecasted to reach 42.23 billion USD by 2024, registering a CAGR of 13.12% during the forecasted period (2019 - 2024).
Global halal cosmetic products market is segmented by product type into skin care, hair care, color cosmetic, and fragrances. By distribution channel, the global halal cosmetic products market is segmented into, supermarkets/hypermarkets, specialty stores, convenience stores, online stores, and others.
Growing Muslim Population Worldwide to Fuel the Revenue Growth
The global halal cosmetic products market is driven by the increasing number of Muslims globally. Muslims account for approximately 25% of the global population. In 2015, the expenditure of Muslims on cosmetic products increased by 10% globally. Moreover, increasing health concerns among consumers after using cosmetic products across the globe is fueling the need for special cosmetic products thus, driving the market for halal cosmetic products globally. Furthermore, increasing awareness of Muslim consumers on their religious obligations has contributed towards the increasing demand for halal-certified cosmetic products globally.
Burgeoning Demand for Cosmetics From Asia Pacific Region
Demand for cosmetic products in the Asia Pacific is increasing rapidly with India and China being one of the largest emerging markets globally. Approximately, 15% of the Indian population is Muslim, thus giving the halal cosmetic products a lucrative opportunity for growth. In this regards, Iba Halal Care is the first producer of cosmetic products with Halal certification. Furthermore, Malaysia is one of the largest exports markets in comparison with Southeast Asian neighbor for halal products. For instance, as per data revealed by the Global Islamic Economy report, in 2017, Malaysia exported USD10.5 billion worth of certified products, up 32% from four years earlier in local-currency terms. Food accounted for nearly half the exports, along with cosmetics, chemicals, and other products.
Global halal cosmetic products market is a highly competitive market, with the presence of various domestic and international players. Amara Halal Cosmetics, IBA Halal care, MMA BIO LAB SDN BHD, Ecotrail Personal Care, CLARA INTERNATIONAL BEAUTY GROUP, INIKA Organic are some of the players operating in the global halal cosmetic products market.