Halal Cosmetics Market Set to Witness an Uptick during 2015 to 2020

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.

Report overview @ https://www.xploremr.com/report/1765/halal-cosmetics-market

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.

Request to sample report @ https://www.xploremr.com/connectus/sample/1765

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.

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.

Request to View TOC@ https://www.xploremr.com/report/1765/halal-cosmetics-market/toc

About Us
XploreMR is one of the world’s leading resellers of high-quality market research reports. We feature in-depth reports from some of the world’s most reputed market research companies and international organizations. We serve across a broad spectrum – from Fortune 500 to small and medium businesses. Our clients trust us for our unwavering focus onquality and affordability. We believe high price should not be a bottleneck for organizations looking to gain access to quality information.

Contact Us
XploreMR
111 North Market Street, Suite 300
San Jose, CA 95113, United States
Tel: +1-669-284-0108
Email: sales@xploremr.com

This release was published on openPR.