Halal Cosmetics Market and Halal Personal Care Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR41133
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The halal cosmetics and personal care market has the potential to grow by USD 27.43 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 7.48%.

This halal cosmetics and personal care market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (halal color cosmetics and other halal BPC products), distribution channel (offline and online), and geography (APAC, MEA, Europe, North America, and South America). The halal cosmetics and personal care market report also offers information on several market vendors, including Amara Cosmetics, Clara International Beauty Group, Ecotrail Personal Care Pvt. Ltd., Ivy Beauty Corp. Sdn Bhd, PHB Ethical Beauty Ltd., PT Martina Berto Tbk, PT Paragon Technology and Innovation, SAFI, SO.LEK Cosmetics, and Talent Cosmetics Co. Ltd. among others.

What will the Halal Cosmetics and Personal Care Market Size be in 2021?

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Halal Cosmetics and Personal Care Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The growing interest in personal grooming is notably driving the halal cosmetics and personal care market growth, although factors such as the increase in production cost may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the halal cosmetics and personal care industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • The growing interest in personal grooming is one of the major factors driving the market growth.
  • It has been observed that millennial Muslim consumers extensively use halal BPC products, compelled by their religious obligations and set practices that are followed in Islam.
  • This is encouraging manufacturers to introduce more cosmetics and personal care products, specifically for Muslim consumers.
  • Online retailing has gained significant popularity with the growth in Internet and smart gadget penetration. This offers a huge potential for vendors to increase their sales, brand visibility, and profitability.
  • Omnichannel distribution is gaining momentum. Vendors opting for omnichannel retail use offline and online channels to sell their products. Some vendors also sell their products through their websites.

This halal cosmetics and personal care market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Halal Cosmetics and Personal Care Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Amara Cosmetics
  • Clara International Beauty Group
  • Ecotrail Personal Care Pvt. Ltd.
  • Ivy Beauty Corp. Sdn Bhd
  • PHB Ethical Beauty Ltd.
  • PT Martina Berto Tbk
  • PT Paragon Technology and Innovation
  • SAFI
  • SO.LEK Cosmetics
  • Talent Cosmetics Co. Ltd.

 

This statistical study of the halal cosmetics and personal care market encompasses successful business strategies deployed by the key vendors. The halal cosmetics and personal care market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The halal cosmetics and personal care market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Halal Cosmetics and Personal Care Market?

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45% of the market’s growth will originate from APAC during the forecast period. Indonesia and India are the key markets for halal cosmetics and personal care in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

Improved economic development, a better understanding of halal cosmetics, growth in disposable income, rise in the number of working women, interest in beauty and fashion among women, and improved standardizations and certifications for halal products will facilitate the halal cosmetics and personal care market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Halal Cosmetics and Personal Care Market?

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The halal cosmetics and personal care market share growth by the halal color cosmetics segment will be significant during the forecast period. In Islam, strict religious obligations and ethical practices demand the use of halal products for the skin, thereby compelling vendors to offer halal color cosmetics. In countries like the UAE, Indonesia, Malaysia, India, and Singapore, the demand for standardized halal color cosmetics, which have appropriate halal certifications, is high

This report provides an accurate prediction of the contribution of all the segments to the growth of the halal cosmetics market size and actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Halal Cosmetics and Personal Care Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive halal cosmetics market growth during the next five years
  • Precise estimation of the halal cosmetics and personal care market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the halal cosmetics and personal care industry across APAC, MEA, Europe, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of halal cosmetics and personal care market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The halal cosmetics and personal care market growth will increase by $28.34 billion during 2019-2024.
The halal cosmetics and personal care market is expected to grow at a CAGR of 7.18% during 2019-2024.
Technavio has segmented the halal cosmetics and personal care market by product (Halal color cosmetics and Other halal BPC products) and geographic (APAC, MEA, Europe, North America, and South America).
Amara Halal Cosmetics, Clara International Beauty Group, Ivy Beauty Corp., PROLAB COSMETICS, PT Martina Berto TBK, PT Paragon Technology and Innovation, Saaf Skincare, Talent Cosmetics Co. Ltd., Total Beauty Network Pty Ltd., Wipro Enterprises Pvt. Ltd. are a few of the key vendors in the halal cosmetics and personal care market.
APAC will register the highest growth rate of 43.93% among the other regions. Therefore, the halal cosmetics and personal care market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • Indonesia
  • Turkey
  • Saudi Arabia
  • Iran (Islamic Republic of Iran)
  • India
The key factors driving the halal cosmetics and personal care market growth are:
  • Growing interest in personal grooming
  • Growing online retailing of halal cosmetics and personal care products
The halal cosmetics and personal care market vendors should focus on grabbing business opportunities from the halal color cosmetics segment as it accounted for the largest market share in the base year.
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