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India Halal Cosmetics Market Research Report: Forecast (2021-2026)

  • ID: 5439440
  • Report
  • May 2021
  • Region: India
  • 123 pages
  • MarkNtel Advisors LLP

FEATURED COMPANIES

  • Clara International
  • Inika Cosmetics
  • Martha Tilaar Group
  • MMA Bio Lab Sdn Bhd
  • SO.LEK Cosmetics.
  • Wardah Cosmetics

Market Overview


Halal cosmetic products are beauty products that do not contain animal-derived ingredients and alcohol, as it is considered impure according to Islamic law. Hence, these beauty products are well-referred to as Cruelty-Free products.

According to the publisher’ research report, “India Halal Cosmetics Market Analysis, 2021,” the market is likely to grow at a CAGR of around 30.25% during 2021-26. India halal cosmetics market is in its introductory phase. The market started flourishing in India in early 2011, with several small operators registering themselves as halal cosmetic providers. With the rate at which the Islamic population has been soaring in India over the past couple of decades, halal cosmetics are likely to register exponential growth in the country. Greater religious affinity, rise in affordability, halal trade and regulations, and greater investor returns have been acting as the major driving factors driving the growth of the Halal Cosmetics Market in India.

Impact of COVID-19


The market size of halal cosmetics significantly declined in the previous year amidst the Covid-19 pandemic, which also affected the market demand for halal products, such as lipsticks, body creams, fragrances, etc., due to reduced mobility. The pandemic also changed consumer preferences and created opportunities for different cosmetics product lines, such as eye cosmetics, sanitizers, face creams, hand creams, etc. Thus, the suppliers got tremendous opportunities to expand their product line.

Market Segmentation


Personal Care Segment Grabbed the Lion’s Share


Based on the Type, the market bifurcates into Color Cosmetics and Personal Care. The Personal Care segment acquired the largest share in the India Halal Cosmetics Market in the previous years. This segment further categorizes into skincare, haircare, and fragrances. The market share for skincare has increased in recent years. It is mainly due to the rising disposable income of the consumers, changing lifestyle, increasing pollution. The increasing working women population and growing demand for men's cosmetic products in the personal care segment are likely to accentuate the overall market growth, cites the authors in their research report, “India Halal Cosmetics Market Analysis, 2021.”

Online Sales Channel Accounted for the Largest Market Share


Based on the Distribution Channel, the market classifies into Online, Supermarket/ Hypermarket, Specialty Stores, and Convenience Stores. Of these, online sales captured the highest market share in the previous few years. The surge in the market share of e-commerce platforms in India has also increased the market size of halal cosmetics.

Moreover, existing brands are increasing their market presence by offering their products on e-commerce platforms, such as Nykaa, Flipkart, Snapdeal, Myntra, and Amazon, which has expanded their logistics operations to Tier 5 cities and villages in certain states. Thus, the growing online market penetration in India would surge the overall market size of halal cosmetics in the forecast period.

Market Driver


Rising Discretionary Spending Due to Increasing Disposable Income


India is one of the emerging economies with fast-growing GDP rates between 2010 and 2020. According to the World Bank’s data, the nominal GDP in India grew at a rate of 6.45% between 2010 and 2020. The increasing GDP and the thriving working-class population in India present a large pool of potential buyers for halal cosmetic products. The disposable income has also increased in India between 2016 and 2019. The income level and the purchasing power of an average person among the Indian population are on the verge of increase, thereby presenting a lucrative opportunity for the growth of the Halal Cosmetics Market in the country.

Competitive Landscape


According to the publishers, the major leading players in the India Halal Cosmetics market are MMA Bio Lab Sdn Bhd, Clara International, Inika Cosmetics, Wardah Cosmetics, Martha Tilaar Group, Ivy Beauty Corporation Sdn Bhd, Wipro Unza, Zahara, and SO.LEK Cosmetics.

Key Questions Answered in the Market Research Report:


1. What are the overall market statistics or estimates (Market Overview, Market Size- by Value, Forecast Numbers, Market Segmentation, and Market Shares) of the India Halal Cosmetics Market?
2. What is the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the India Halal Cosmetics Market?
4. Who are the key competitors, their key strengths & weaknesses, and how they perform in the India Halal Cosmetics Market based on a competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the India Halal Cosmetics Market study?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Clara International
  • Inika Cosmetics
  • Martha Tilaar Group
  • MMA Bio Lab Sdn Bhd
  • SO.LEK Cosmetics.
  • Wardah Cosmetics
1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Assumptions
1.4. Market Segmentation

2. Preface

3. Executive Summary

4. Impact of COVID-19 on India Halal Cosmetics Market

5. Southeast Asia Halal Cosmetics Market Outlook, 2016-2026F

6. Market Size & Analysis
6.1. By Revenues

7. Market Share & Analysis
7.1. By Type
7.2. By Distribution Channel
7.3. By Gender

8. By Region
8.1. North
8.2. East
8.3. West
8.4. South

9. By Competitors
9.1. Competition Characteristics
9.2. Market Share & Analysis
9.3. Competitive Metrix

10. India Halal Personal Care Cosmetics Market Outlook, 2016-2026F
10.1. Market Size & Analysis
10.2. Market Share & Analysis

11. India Halal Color Cosmetics Market Outlook, 2016-2026F
11.1. Market Size & Analysis
11.2. Market Share & Analysis

12. India Halal Cosmetics Market Policies, Regulations, Product Standards

13. India Halal Cosmetics Market Trends & Insights

14. India Halal Cosmetics Market Dynamics
14.1. Growth Drivers
14.2. Challenges
14.3. Impact Analysis

15. India Halal Cosmetics Market Hotspot & Opportunities

16. India Halal Cosmetics Key Strategic Imperatives for Success & Growth

17. Company Profile
17.1. MMA Bio Lab Sdn Bhd
17.2. Clara International
17.3. Inika Cosmetics
17.4. Wardah Cosmetics
17.5. Martha Tilaar Group
17.6. Ivy Beauty Corporation Sdn Bhd
17.7. Wipro Unza
17.8. Zahara
17.9. SO.LEK Cosmetics

18. Disclaimer
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • MMA Bio Lab Sdn Bhd
  • Clara International
  • Inika Cosmetics
  • Wardah Cosmetics
  • Martha Tilaar Group
  • Ivy Beauty Corporation Sdn Bhd
  • Wipro Unza
  • Zahara
  • SO.LEK Cosmetics.
Note: Product cover images may vary from those shown
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