Global Halal Cosmetics and Personal Care Market 2018-2022
About Halal Cosmetics and Personal Care
Halal beauty products mean any cosmetics or personal care products that match the requirements as per Islamic laws. Halal products are mostly used by the Muslim population.
Technavio’s analysts forecast the Global Halal Cosmetics and Personal Care Market to grow at a CAGR of 13.55% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global halal cosmetics and personal care market. To calculate the market size, the report considers the revenue generated from the sales of halal cosmetics and personal care through online and offline channels.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Halal Cosmetics and Personal Care Market 2018-2022
Technavio recognizes the following companies as the key players in the global halal cosmetics and personal care market: Amara Cosmetics, Ivy Beauty Corporation, Martha Tilaar Group, PT Paragon Technology and Innovation, Total Beauty Network, and WiproEL.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the emerging demand for halal cosmetics and personal care among men.” Vendors in the market are trying to capitalize on this by introducing halal cosmetics and personal care for men.
According to the report, one driver influencing this market is the rising Muslim population worldwide. The sales of halal cosmetics and personal care products is increasing due to the growing demand from the Muslim population and awareness of halal cosmetics and personal care products.
Further, the report states that one challenge affecting this market is the increase in production cost. Halal cosmetics and personal care are slightly priced higher than regular cosmetics as the ingredients used in these products are natural.
Ivy Beauty Corporation
Martha Tilaar Group
PT Paragon Technology and Innovation
Total Beauty Network
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