Halal Cosmetic Trends and Forecast
The future of the global halal cosmetic market looks promising with opportunities in the online and offline markets. The global halal cosmetic market is expected to grow with a CAGR of 8.8% from 2024 to 2030. The major drivers for this market are shifting consumer preferences and awareness benefits halal cosmetics, rising need for ethically produced products, along with the strict requirements for halal certification, and efficient utilization of internet retail channels and digital marketing.Halal Cosmetic by Segment
The study includes a forecast for the global halal cosmetic by product type, distribution channel, and region.Halal Cosmetic Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
- Personal Care Products
- Color Cosmetics
Halal Cosmetic Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:
- Online
- Offline
Halal Cosmetic Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Halal Cosmetic Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies halal cosmetic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the halal cosmetic companies profiled in this report include:- Clara International Beauty Group
- Halal Beauty Cosmetics
- INGLOT Cosmetics
- INIKA Organic
- IVY Beauty Corporation
- Martha Tilaar Group
- PHB Ethical Beauty
Halal Cosmetic Market Insights
The report forecasts that personal care product will remain the larger segment over the forecast period due to increasing number of Muslims who are eager to integrate religious observances with personal hygiene.Within this market, offline will remain the larger segment due to enabling the physical examination of products and facilitating instant purchases.
APAC is expected to witness highest growth over the forecast period due to growing awareness of halal products and increasing disposable incomes in the region.
Features of the Global Halal Cosmetic Market
- Market Size Estimates: Halal cosmetic market size estimation in terms of value ($B).- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Halal cosmetic market size by product type, distribution channel, and region in terms of value ($B).
- Regional Analysis: Halal cosmetic market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different product type, distribution channel, and regions for the halal cosmetic market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the halal cosmetic market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for halal cosmetic market?Answer: The global halal cosmetic market is expected to grow with a CAGR of 8.8% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the halal cosmetic market?
Answer: The major drivers for this market are shifting consumer preferences and awareness benefits halal cosmetics, rising need for ethically produced products, along with the strict requirements for halal certification, and efficient utilization of internet retail channels and digital marketing.
Q3. What are the major segments for halal cosmetic market?
Answer: The future of the global halal cosmetic market looks promising with opportunities in the online and offline markets.
Q4. Who are the key halal cosmetic market companies?
Answer: Some of the key halal cosmetic companies are as follows:
- Clara International Beauty Group
- Halal Beauty Cosmetics
- INGLOT Cosmetics
- INIKA Organic
- IVY Beauty Corporation
- Martha Tilaar Group
- PHB Ethical Beauty
Answer: The report forecasts that personal care product will remain the larger segment over the forecast period due to increasing number of Muslims who are eager to integrate religious observances with personal hygiene.
Q6. In halal cosmetic market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to growing awareness of halal products and increasing disposable incomes in the region.
Q7. Do we receive customization in this report?
Answer: Yes, the publisherl provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the halal cosmetic market by product type (personal care products and color cosmetics), distribution channel (online and offline), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Halal Cosmetic Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Clara International Beauty Group
- Halal Beauty Cosmetics
- INGLOT Cosmetics
- INIKA Organic
- IVY Beauty Corporation
- Martha Tilaar Group
- PHB Ethical Beauty
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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