By Product - Color Cosmetics Product is anticipated to Grow Rapidly
Globally, the demand for halal cosmetics products among consumers is surging. But the development of halal cosmetics and the assessment of their product performance are still in their infancy, as cosmetics production is still dominated by the non-halal sector globally. Furthermore, there is a worldwide dearth of guiding documents on the development and assessment techniques in the production of comprehensively Halal Cosmetics. This report covers the global halal cosmetics market into Personal care products, Color cosmetics, Fragrances and Other products. By product, Color cosmetics product is anticipated to grow rapidly due to the younger population rising because of lifestyle changes. As per this report, Global Halal Cosmetics Industry will grow with double-digit CAGR of 19.97% during 2020-2027.
Factors fuelling Market Growth for Halal Cosmetics Industry
Increasing Muslim population worldwide, surging halal-certified cosmetics manufacturers, growing demands of organic color cosmetics, Online channels, most probably ecommerce and social media playing a crucial role among younger consumers globally hence giving traction to this market growth. However, high costs associated with products and lacks of standard guidelines for halal certification are some of the challenges facing this market.
By Region - Asia-Pacific's Region dominates the Halal Cosmetics Industry Globally
The publisher has studied the global halal food market into North America, Europe, Asia-Pacific's, and South America & Middle East. Among all other regions, Asia-Pacific's region dominates the halal cosmetics industry worldwide. As most of the Muslim population belongs to this region simultaneously, the market penetrate both big and small sizes with a wider range of products is one of the prime reasons for the rise of this market in the Asia-Pacific's region. According to the publisher, Global Halal Cosmetics Market is expected to be US$ 104.17 Billion in 2027.
COVID -19 Impacts on Halal Cosmetics Industry
Across the globe, the halal cosmetics market have taken a hit by the COVID-19 pandemic and gives room to new products such as hand sanitizers, cream, eye care etc. As the mask-wearing, restrictions, and social distancing became a norm. Due to the pandemic, recovery of the cosmetics product market is expected to be sluggish in 2021, but it will recover during the forecast period as per the publisher's projection. The major players covered in the global halal cosmetics market are Amara Cosmetics, S&J International Enterprises, Ester Lauder Companies, L'Oréal.
This latest report titled “Halal Cosmetics Market, Global Forecast by Product (Personal care products, Color cosmetics, Fragrance and Other products) Application (Skin Care, Hair Care, Beauty Care, Others) Distribution Channel (Online & Offline) Regions (North America, Europe, Asia-Pacific's, and South America & Middle East.) Company (Amara Cosmetics, S&J International Enterprises, Ester Lauder Companies, L'Oréal)" provides comprehensive details on Global Halal Cosmetics industry.
Product Type -Market breakup from 4 viewpoints
1. Personal Care Products
2. Color Cosmetics
3. Fragrances
4. Other Products
Applications - Market breakup from 4 viewpoints
1. Skin Care
2. Hair Care
3. Beauty Care
4. Other
Distribution Channels - Market breakup from 2 viewpoints
1. Online
2. Offline
Region - Market breakup from 5 viewpoints
1. North America
2. Europe
3. Asia-Pacific
4. South America
5. Middle East and Africa
All key players has been covered from 3 viewpoints
- Overview
- Recent Development
- Revenue
Company Analysis
1. Amara Cosmetics
2. S&J International Enterprises
3. Ester Lauder Companies
4. L'Oréal
Table of Contents
Companies Mentioned
- Amara Cosmetics
- S&J International Enterprises
- Ester Lauder Companies
- L’Oréal
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 110 |
| Published | September 2021 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 29.13 Billion |
| Forecasted Market Value ( USD | $ 104.17 Billion |
| Compound Annual Growth Rate | 20.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 4 |
