Global Halal Cosmetics Market 2017-2021
About Halal Cosmetics
Halal cosmetics and personal care products are widely recognized for their purity and quality assurance, which are also adding to the growth of global halal cosmetics market. For a product to be certified halal, it should not contain alcohol, should not be tested on animals, and should not contain animal ingredients. Food products that are prohibited according to the Islamic Sharia law should also be avoided during the synthesis of halal cosmetics. Every Halal product needs to gain a Halal certification, which guarantees to consumers that the product does not contain any forbidden components. Halal certificate is issued for a fee by a certifying body.
Technavio’s analysts forecast the global halal cosmetics market to grow at a CAGR of 14.63% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global halal cosmetics market for 2017-2021. To calculate the market size, the report considers the revenue generated through the sales of halal cosmetics to individual consumers across the globe in 2016.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Halal Cosmetics Market 2017-2021
Technavio recognizes the following companies as the key players in the global halal cosmetics market: Amara Cosmetics, Inika, Martha Tilaar Group, MMA Bio Lab, and The Halal Cosmetics Company.
Other Prominent Vendors in the market are: Clara International, INGLOT Cosmetics, Ivy Beauty, Liasari, Muslimah Manufacturing, OnePure, Paragon Cosmetics, Pure Halal Beauty (PHB) Ethical Beauty, Saaf Skincare, Samina Pure Makeup, and SirehEmas.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is new product launches. The introduction of innovative halal personal care products is a key trend observed in the global halal cosmetics market. The demand in the market has led to the introduction of a wide variety of products that cater to different age groups and lifestyles.”
According to the report, one of the major factors driving the demand for halal cosmetics and halal personal care products is a rise in awareness about these products among consumers worldwide. Halal cosmetics qualify a set of Islamic standards that are needed for the halal certification of cosmetics. Since halal cosmetics do not contain animal-derived ingredients and alcohol content, and are subject to halal regulations, they are considered pure and relatively hygienic compared to regular cosmetics.
Further, the report states that maintaining the integrity of halal cosmetics among consumers is a challenge for vendors. Halal means lawful and in the purest form. Hence, the practice of offering halal cosmetics is not limited to the manufacturing of these products but applies to all the activities involved in the supply chain. Hence, it becomes important for vendors to ensure the cosmetics remain unadulterated and compliant to halal standards throughout the supply chain.
Amara Cosmetics, Inika, Martha Tilaar Group, MMA Bio Lab, The Halal Cosmetics Company, Clara International, INGLOT Cosmetics, Ivy Beauty, Liasari, Muslimah Manufacturing, OnePure, Paragon Cosmetics, Pure Halal Beauty (PHB) Ethical Beauty, Saaf Skincare, Samina Pure Makeup, SirehEmas.