Reports and Data has recently published a new market research report titled Halal Cosmetics Products Market Forecast to 2027. The report has been formulated through extensive research and provides insights into the paradigm shifts observed in the market to assist readers maximize on their investments and capitalize on the recent development and competitive landscape of the global market. The report is an exhaustive assessment of the crucial aspects of the market including key geographical regions, technology, product types, application spectrum, key companies operating in the market, and overall industry overview.
The global Halal Cosmetics Products Market is forecast to reach USD 66.33 Billion by 2027, according to a new report by Reports and Data. The market is being driven by the increasing number of Muslim population globally. Muslims account for approximately 25% of the worldwide population. An increase in the health concerns among consumers after using cosmetic products is fueling the need for special cosmetic products, which is, driving the market for halal cosmetic products. Moreover, increasing awareness of Muslim consumers on their religious obligations has also contributed to the rising demand for halal-certified cosmetic products.
The report’s precise market projections are based on historical, current, and future market contexts. Additionally, the report highlights the forecast global market value, upcoming market trends, gross revenue generation, manufacturer and buyer landscape, available products services, technological breakthroughs, and end-use industries. The report further offers full coverage of the COVID-19 pandemic on this industry and its leading segments. It thus highlights the profound changes that took place in this business sphere following the coronavirus outbreak.
The report projects the growth rate of the leading market segments for the coming years by studying the current market scenario, past performance, demand and supply ratio, production consumption, revenue, challenges, and growth opportunities in the market. The segmentation given in the study aims to help readers identify promising investment areas and help companies in formulating better business strategies to reach their desired goals.
Key Participants:
Key participants include MMA Bio Lab Sdn Bhd, Talent Cosmetic Co., Ltd., PHB Ethical Beauty, Ivy Beauty Corporation Sdn Bhd, The Halal Cosmetics Products Company, Sampure Minerals, INIKA, Amara Cosmetics, Inc., Clara International, and Martha Tilaar Group, among others.
Further key findings from the report suggest:
- A growing Muslim population in the world, along with an increasingly high disposable income, is augmenting the demand for halal hair care products. The main reason for this is the obligations towards religion and awareness regarding ethical products. The growing popularity of this product among the male population is also fostering the growth.
- Halal cosmetic products must label according to the prescribed labeling requirement of the regulatory bodies of respective countries. The label on the product must bear a halal logo and reflect the ingredients of the product accurately as a means to aid the consumer in their decision as well as the consumption of the product. All the text, illustrations, and its advertisement must comply with Islamic law and local culture.
- The online segment dominated the market for Halal Cosmetics Products owing to the growing penetration of internet and smartphones in the developing Muslim countries. The e-commerce sector is trying to branch out and cover as much as possible to boost its sales. The online market is witnessing growth due to the influence of popular makeup artist and YouTube blogger leaving a huge footprint on social media.
- The market in Middle East is expected to be the fastest-growing regional market in 2019. Favorable government rules in GCC countries is driving the Halal Cosmetics Products market. The growing populace in the Middle Eastern nations is driving the overall market. Global players are expanding their businesses in the Middle East to cater to the increasing demand for these products.
Request For Customized Report @ https://www.reportsanddata.com/request-customization-form/3105
Market Segmentation:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Personal Care Products
- Color Cosmetics
- Fragrances
Application Outlook (Revenue, USD Billion; 2017-2027)
- Hair Care
- Skin Care
- Face Care
- Others
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
- Online
- Offline
The report studies the consumption patterns of the regions mentioned along with the estimation of the increase in the consumption rate throughout the forecast period. It further discusses export/import, consumer demand, key trends, regulatory framework, macro- and micro-economic factors and presence of key players in each region. Regional analysis section also covers country-wise analysis to offer better understanding of the market.
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Europe
- Asia Pacific
- MEA
- Latin America
Browse Report Details @ https://www.reportsanddata.com/report-detail/halal-cosmetics-market
Identifying the basic business drivers, challenges, and tactics adopted:
- The report provides intrinsic details and fluctuating aspects that influence the commercial dynamics of the Halal Cosmetics Products market along with integral factors of the rise in the demand for the product have been mapped across vital geographical regions.
- An overview of the multifarious applications, business areas and the latest trends observed in the industry has been laid out by this study.
- Various challenges overlooking the business and the numerous strategies employed by the industry players for successful marketing of the product have also been illustrated.
- The research inspects the sales channels (indirect, direct, marketing) that companies have chosen for the primary product distributors and the superior clientele of the market.
Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
Browse More Reports:
Sun Uv Protective Product Market
Autostereoscopic 3D Display Device Market
About Reports and Data:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
