Halal Cosmetic Market Research Report

Consumer | Arif

Sep 9, 2021

Global Halal Cosmetic Market by Product and By Region - Forecast Report, 2020-2027

 

 

GMI Research expects that the Halal Cosmetic Market will notice an escalation in demand over the forecast period. This is mainly due to the soaring population, rising innovations by key market players, and increasing preference towards personal grooming.

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Introduction of the Market:

According to the global halal cosmetic market report, a halal cosmetic refers to cosmetic products without alcohol, which may have a negative influence on the skin. These products are Vegan and cover a wide variety of product types like makeup, skincare, haircare, and other products.

Key Players of the Market:

  • SABMiller Plc
  • Ab Inbev SA
  • Carlsberg Breweries A/S
  • Heineken N.V.
  • China Resources Beer Company Ltd
  • Pabst Brewing Company LLC
  • Molson Coors Beverage Company
  • Tsingtao Beer Trading Co. Ltd
  • Asahi Group Holdings
  • Boston Beer Company, Inc.

Halal Cosmetic Market Dynamics

The growth in the global halal cosmetics market is mainly because of the mounting Muslim population inclined to disburse higher amounts on Halal-certified beauty products, increasing knowledge about the consumption of these products, and the rising capitulation with halal certification. Also, Islamic adds up to a huge proportion of the world's population. Thereby, the prominent manufacturers are increasing, accentuating the development of halal-certified products. Furthermore, the surging rural to urban migration and better living standards as a result of accelerating disposable income further strengthens the halal cosmetics market size. Besides this, enormous Multinational players are stressing on initiating small packaging products at a lower price to evade a one-time investment. Thus, this continuous innovation in the product offerings by leading producers such as Unilever, P&G, and Loreal to cater to the soaring demand for these products bolsters the halal cosmetic market opportunities.

Besides this, the aggravating drift towards fashion & makeup has stimulated the demand for cosmetic items, which further impels the market growth. Additionally, the transpiring inclination of the millennials to cognate their interest in fashion & makeup with Islamic affection is likely to offer enormous growth opportunities. However, the increasing incidences of health issues such as genital abnormalities and breast cancer have raised the agitation towards ingredients. Also, the inflated price of cosmetics and the inadequate guidelines for certifications are forecasted to hamper the halal cosmetic market size.

Halal Cosmetic Market Segmentation:

Segmentation by Product:
  • Light Beer
  • Strong Beer
Segmentation by Production:
  • Macro Brewery
  • Micro Brewery
Segmentation by Category:
  • Premium Beer
  • Super Premium Beer
  • Normal Beer
Segmentation by Packaging:
  • Canned Beer
  • Bottled Beer
  • Draught Beer
Segmentation by Region:
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

The organization is a consulting and market research company offering enlightenment on business and research reports for small, medium, and large organisations. The research team assist in acknowledging the effect of dynamic, such as size, share, drivers, opportunities, etc. Our team of experts perform market intelligence studies to certify that all pertinent and research based on facts reaches across different sectors. The team collects all the required about the industry to comprehend our clients with the unfolding obstacles and opportunities. The organization got highlighted in the list of Silicon India Magazine, 2018 as one of the Most Promising Market Research Consultants. We always try to assist our clients to make a sound decision.

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GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects.