The Global Halal Cosmetics and Personal Care market research report offers a comprehensive analysis of the halal cosmetics and personal care industry across APAC, MEA, Europe and the Americas. The report also examines the competitive landscape, regulatory scenario and key industry trends. Its research highlights key market drivers and restraints. In addition to regional and global market statistics, the report also provides an in-depth analysis of the various key vendors operating in the halal cosmetics and personal care industry.
In the APAC region, the halal cosmetics and personal care market is projected to grow at a CAGR of around 4.3% from 2014 to 2018.
The region is expected to witness robust growth over the forecast period, driven by rising demand for halal products and certification. Major Asian markets such as India are expected to witness rapid growth and a significant percentage of the population is Muslim. Meanwhile, prospective brands are likely to focus on expanding into Asian markets to increase their market share.
In Asia, Indonesia’s Wardah Beauty Cosmetics and Malaysia’s Inez Cosmetics are leading the way in the halal personal care market. The Indonesian market is a hotspot for halal products, and in Asia, the demand for halal cosmetics is growing rapidly. In the U.S., there are many large companies, including YSI and PHD, and the global market is growing fast.
As the Muslim population continues to grow, the demand for halal certified cosmetics is expected to increase. While the market is currently unregulated in APAC, rising demand will lead to the formation of accreditation bodies that will monitor the quality and production practices. The adoption of supply chain management systems will also help in increasing profitability in the APAC region. This is an important development for the industry.
The global halal cosmetics market is expected to grow at a 13% CAGR during the forecast period.
The fast growth of the Muslim population in the APAC region is a significant driver of this growth. As a result, halal cosmetics will be widely accepted in non-Muslim countries. The APAC and MEA regions are the major markets for halal cosmetics.
In addition to the halal cosmetics and personal care market, the Middle East and South America will continue to experience growth. Although these regions represent a small share of the global market, they are expected to grow rapidly over the next few years. In Africa, the market is especially attractive because of rising awareness about the health effects of synthetic ingredients. Although the market in South America is relatively small, key players in this region are facing challenges in their business operations. For instance, the Kao Corporation, a key international player, saw its revenue in 2020 decline by 8% due to the closure of its store-based distribution channels. Nevertheless, Kao has been able to sustain sales in its global region by leveraging its online supply chain advantages.