Halal cosmetics are made without any addition of animal extracts and alcoholic ingredients. Halal means permissible in Arabic. As per religious Muslim beliefs, it is unlawful to consume alcohol, pig or any animal extracts. Major factors driving growth of the global halal cosmetics market are rising demand for halal cosmetics, coupled with growing Muslim population in the world.
The global halal cosmetics market has been segmented on the basis of product type, distribution channel, and region. On the basis of product type, the market is segmented into personal care products, fragrances, and color cosmetics. Personal care segment is sub-segmented into hair care, skin care, and beauty care. Personal care products segment dominates the global market and is expected to witness significant growth over the forecast period, owing to evolving consumer requirements. Hair care segment is expected to dominate the personal care segment in terms of revenue, due to rising popularity of hair care products such as shampoos, conditioners, oils, massage creams etc. among end-users.
On the basis of distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, and online stores. Online stores segment is anticipated to register high growth rate in terms of revenue in the near future, owing to increasing preference for online shopping and availability of wide range halal cosmetic products online.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific market is expected to witness fastest growth in terms of revenue in the near future, owing to increasing Muslim population in this region. Additionally, growing retail sector and e-commerce, coupled with increasing availability of various types of halal cosmetics are factors expected to fuel growth of the global market in Asia Pacific region. Middle East and Africa market in terms of revenue expected to witness lucrative growth in the near future, followed by North America, Europe, and Latin America.
Key players operating in the global halal cosmetics market include MMA Bio Lab Sdn Bhd, IVY Beauty Corporation Sdn Bhd, Talent Cosmetics Co., Ltd., PHB Ethical Beauty, Sampure Minerals, Amara Halal Cosmetics, Inika, Martha Tilaar Group, Clara International Beauty Group, and SAAF International Limited.