Halal Cosmetics Market 2020| | Industry Crucial Players: INIKA, Martha Tilaar, Wipro Unza, Clara International, Brataco Group of Companies, Ivy Beauty Corporation Sdn Bhd, Paragon Technology & Innovation

A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled “Halal Cosmetics Market: Asia Pacific Industry Analysis and Opportunity Assessment 2015 – 2020” which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview. The report anticipates that Halal Cosmetics Market would rise at a positive CAGR during the period 2017-2022.

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Increasing awareness among consumers on their religious obligations has created greater demand for Halal products among people, especially in the Asia Pacific region. The Asia Pacific Halal cosmetics market was estimated to be worth US$ 1,411.2 Mn in 2014. It is anticipated to expand at a CAGR of 9.9% during forecast period 2015-2020. The Asia Pacific Halal cosmetics market is segmented on the basis of product type and region.

Asia Pacific Halal Cosmetics Market: Segmentation

On the basis of product type, the market is segmented into skin care, colour cosmetics, hair care, and fragrances. Furthermore, colour cosmetics segment is segmented into lip care, eye care, nail care, and face care. On the basis on region, the Asia Pacific Halal cosmetics market is segmented into Southeast Asia, East Asia, South Asia and Oceania.

Skin care segment was valued at US$ 453.4 million in 2014 with 32.1% market share. It is expected to gain its market share by 10 BPS through 2020. Colour cosmetics is the largest segment in terms of revenue with 37.4% market share; it is likely to maintain its dominance during the forecast period with 38.0% market share, reflecting an increase of 60 BPS over the forecast period. The colour cosmetics segment is likely to exhibit the highest CAGR of 10.2% during 2015-2020 with rising y-o-y growth through the forecast period.

Asia Pacific Halal Cosmetics Market: Key Regions

Geographically, Southeast Asia is the dominant market for Halal cosmetics and it is likely to grow at the fastest rate, as compared to other regions; South Asia is the second most lucrative market for Halal cosmetics market. Both Southeast- and South- Asia have high consumer base that is looking for Halal-certified products.

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Increasing awareness about transdermal nature of cosmetics is another driver for the growth of the Halal organic cosmetics market in Asia Pacific. Demand for organic/vegan-friendly cosmetics, greater availability of colour cosmetics variants, and increase in distribution and marketing channels are other growth factors for Halal cosmetics market.

Some of the market leaders in the Asia Pacific Halal cosmetics market are INIKA, Martha Tilaar, Wipro Unza, Clara International, Brataco Group Of Companies, Ivy Beauty Corporation Sdn Bhd, and Paragon Technology & Innovation.

 In the final section of the report, Halal cosmetics market Competitive landscape is included to provide report audiences with a Dashboard view, based on categories of provider in the value chain, presence in Halal cosmetics product portfolio and key differentiators. Key categories of providers covered in the report are Halal cosmetics ingredient providers. This section is primarily designed to provide clients with an objective & detailed comparative assessment of key providers specific to a market segment in the Halal cosmetics value chain.

Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on in-depth assessment of capabilities and success in the Halal cosmetics marketplace. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the Asia-Pacific Halal cosmetics space. Key competitors covered are INIKA, Marth Tilaar, Wipro Unza, Clara International, Brataco Group of Companies, Ivy Beauty Corporation Sdn Bhd and Paragon Technology and Innovation.

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