Global Halal Cosmetic Market
The GMI Research forecasts that the Halal Cosmetic Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the rising disposable income, rapid urbanization, and growing consumer preference towards alcoholic beverages.
Introduction of the Halal Cosmetic Market:
Halal cosmetics do not include ingredients derived from animals, genetically modified organisms (GMOs) are regarded as immoral according to Islamic law. These cosmetic products do not contain alcohol, which has an adverse influence on the skin. These personal care/ beauty products are Vegan and Cruelty-free at the same time. The market for halal cosmetics covers a wide variety of product types such as skincare, hair care, makeup, and other cosmetics products.
Key Players of the Global Halal Cosmetic Market:
- SABMiller Plc
- Ab Inbev SA
- Carlsberg Breweries A/S
- Heineken N.V.
- China Resources Beer Company Ltd
- Pabst Brewing Company LLC
- Molson Coors Beverage Company
- Tsingtao Beer Trading Co. Ltd
- Asahi Group Holdings
- Boston Beer Company, Inc.
Halal Cosmetic Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis).
Expansion in the growth of the global halal cosmetics market is driven by the accelerating Muslim population prepared to spend premium prices for Halal-certified beauty products, surging consciousness concerned with the usage of these products, and the augmentation in compliance with halal certification. Islamic population accounts for the most significant part of the entire world’s population. Hence the leading producers are largely emphasizing developing halal-certified products. Growing urban population and improved living standards led by the mounting disposable income are some other factors that strengthen the halal cosmetics market size. Multinational players persistently emphasize initiating small packaging products at an economical price to avoid a one-time investment. The ongoing expansion in products by prominent producers such as Unilever, P&G, and Loreal to serve the rising demand for these products further stimulates the market growth.
Furthermore, the increasing inclination of consumers towards fashion & makeup has raised the demand for cosmetic items, thereby elevating the market growth. Additionally, the spurring trend of the young Muslim population to relate their interest in fashion & makeup with Islamic loyalties is projected to impact the growing demand of the market positively. However, the rise in the prevalence of health-related diseases such as genital abnormalities and breast cancer, as a result of the cosmetics, have escalated the apprehension related to the ingredients. , The high cost of these cosmetics and the insufficient standard guidelines for certifications are contemplated to hamper the growth of the market.
Halal Cosmetic Market Segmentation:
Segmentation by Product:
- Light Beer
- Strong Beer
Segmentation by Production:
- Macro Brewery
- Micro Brewery
Segmentation by Category:
- Premium Beer
- Super Premium Beer
- Normal Beer
Segmentation by Packaging:
- Canned Beer
- Bottled Beer
- Draught Beer
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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