The Global Halal Cosmetics and Personal Care market to grow at a CAGR of 13% to 2018.
One of the major drivers in the market is the growing Muslim population. This increase in the Muslim population has increased the consumption of these products as Muslims are the potential and primary consumers of the products. The major consumers of these products are the APAC region and the MEA region as these are the densely-populated Muslim regions.
The rapid growth in non-Muslim countries offers huge potential for the Global Halal Cosmetics and Personal Care market. Though Halal cosmetics witness huge demand in regions populated by Muslims, a significant contribution is being witnessed from the non-Muslim economies. Currently, Halal cosmetics and personal care products are widely accepted by other communities as they are considered safe, of high quality, and to have been prepared using hygienic procedures. Moreover, the integrity of the cosmetics is maintained during the production process. Hence, there is huge potential for the global market to grow during the forecast period because of the increased acceptance of and demand for the products in the developed non-Muslim countries.
Further, the report states that the certification of products by authentic bodies is a major challenge hindering the growth of the market. Certification issues are generally noticed in products exported by local markets. These certification issues may lead to numerous consumers losing confidence in the products’ Halal status and stop purchasing them.
Key vendors dominating this space are:
- Amara Cosmetics Inc.
- IMED Lab Sdn Bhd
- INIKA Cosmetics
- Martha Tilaar Group.
Other vendors mentioned in the report are:
- EL Asira
- Muslimah Manufacturing Sdn Bhd
- SAAF International
- Samina Pure Makeup
- Shiffa Dubai skin care LLC
- Wardah Cosmetics
- Zuii Organic.
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Global Cosmetics Market
- Global Halal Cosmetics and Personal Care Market
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/rv7hwj/global_halal
*This article was originally published on Fort Mill Times on 16 April 2014. Read the original article here.