The purpose of the report is to illustrate the state of the market of Halal Cosmetics , to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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Halal is an Arabic word which means according to the law or permitted. Halal cosmetics are certified products by the Halal certification organizations, it functions under Sharia law, which means product contain no animal products and no alcohol. Halal cosmetics are body and skin care products, free from the ingredients that are illegal by the Islamic society. The global halal cosmetics market is a highly fragmented market, with number of well-established international and regional players. Growing Muslim population and rising awareness about the usage of personal care products, meeting Islamic law standards and obey with religious beliefs is expected to drive the overall growth of this market. Increasing number of educated Muslims gaining consciousness regarding usage of safe & high-quality products is another factor for the changing trends. Due to rising awareness about side effects of chemical material used in cosmetics is growing the demand for halal cosmetics, among both Muslims and non-Muslim population. Local and international players are changing their business strategy according to the market, as the demand for halal cosmetics are increasing.
Some of the major companies operating in the market include Clara International, INGLOT, INIKA Cosmetics, Ivy Beauty, Maicare Marketing, Martha Tilaar Group, MMA Bio Lab (IMED Lab), PHB Ethical Beauty, Saaf Skincare and Prolab Cosmetics, Talent Cosmetic Co., Ltd., The Halal Cosmetics Company, and Zelcos.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Halal Cosmetics buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Halal Cosmetics contains:
Analysis and forecast of Halal Cosmetics market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Halal Cosmetics market;
Assessment and forecast of Halal Cosmetics market development;
Financial and business profiles of the leading companies in the Halal Cosmetics industry.
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– Up to date working Halal Cosmetics data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Halal Cosmetics for the period 2018 to 2026
– Planned Halal Cosmetics additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Halal Cosmetics projects by region, key countries, and companies
– Details of major planned Halal Cosmetics projects in the world up to 2026
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