Halal Cosmetics Market 2015-2020: Overview, Segmentation, Top Key Companies, Value Chain, Market Size and Trends
According to FMI, Halal cosmetics market is anticipated to witness phenomenal growth in Southeast Asia, owing to the high Muslim population in the region. Southeast Asia accounted for 61.2% share of the total Asia market, and FMI expects the region to remain lucrative during the forecast period. The key factors fuelling the growth of Halal cosmetics in Southeast Asia include increasing awareness among the transdermal nature of cosmetics, rise in personal grooming needs, demand for organic/vegan-friendly cosmetics, and strengthening of the distribution channels.
Key Halal cosmetics companies are looking to consolidate their position in the highly lucrative market in Southeast Asia by widening their product offerings. The companies are leveraging the reach of social media to raise awareness about their products and connect with their target audience. The Southeast Asia Halal cosmetics market is currently valued at US$ 945.8 Mn and FMI expects it to reach US$ 1037.7 Mn by 2016. During the forecast period 2015-2020, the market is expected to expand at a compound annual growth rate (CAGR) of 10.2%.
Consumer awareness about the use of porcine and other animal-derived ingredients in cosmetics is prompting Muslim consumers in Southeast Asia to opt for Halal-certified cosmetics. Botox procedures in Malaysia and Indonesia have witnessed a drastic reduction owing to concerns about the source of ingredients used in some products. Demand for Halal skincare and Halal colour cosmetics is robust in Southeast Asia. According to FMI, these two product segments accounted for over 70% share of the Southeast Asia Halal cosmetics market in 2014.
According to FMI, colour cosmetics will remain the dominant product type in Southeast Asia Halal cosmetics market, owing to strong demand for anti-ageing products. The colour cosmetics segment is projected to expand at a CAGR of 10.5% during the forecast period 2015-2020 and reach a valuation of US$ 641 Mn. Demand for Halal hair care is also anticipated to witness robust growth in Southeast Asia in the near future. According to Future Market Insights, the hair care segment will expand at a CAGR of 10.1% during the forecast period and reach a valuation of US$ 240.9 Mn by 2020.
Although FMI maintains a positive outlook on the Halal cosmetics market in Southeast Asia, few factors can pose challenges for its growth. Lack of standard certification guidelines can restrain the entry of new players. The rules and regulations concerning the Halal-certification vary from country to country, and this can impede the growth during the forecast period.
The key players in the Southeast Asia Halal cosmetics market include Martha Tilaar Group, Wipro Unza, Clara International, Ivy Beauty Corporation Sdn Bhd, and Paragon Technology and Innovation.
Get Sample Copy of Report @ https://www.futuremarketinsights.com/reports/sample/rep-ap-521
Martha Tilaar Group has a strong presence in Halal skin care, colour cosmetics, and hair care segment. The company has built a positive perception among consumers in Indonesia. Its “Sariayu-Martha Tilaar” received the top brand award for two categories — face powder and face mask. In a bid to expand its herbal business in Indonesia, Dr. Martha Tilaar has established an association with herb sellers in Indonesia to provide guidance and training and hone their skills.
Wipro Unza group has a strong presence in the Halal skin care and hair care segment. The company is focusing on expanding its key brands, such as Safi, Enchanteur, and Romano to target new audiences in Southeast Asia.
Clara International is focusing on expanding its relationship with online and offline retailers to make its products easily available to the consumers. The company has a strong presence in Malaysia, and it is planning to expand its presence to other countries to improve its market position.
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Halal Cosmetics Market 2015-2020: Overview, Segmentation, Top Key Companies, Value Chain, Market Size and Trends here
News-ID: 1670056 • Views: 98
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for Halal
Halal Products Market, Halal Products Market Trends, Halal Products Market Share …
The Global Halal Products Market has expanded at a promising pace in the past few years and is expected to embark upon a path of exponential growth in the next few years as well. Rising global population of the Muslim community and rising disposable incomes across some of the world’s prominent Islamic countries are expected to be the key drivers of the market. However, the market is expected to bear
HALAL FROZEN CHICKEN OFFERS
Halal Food Market Size, share, Investment Analysis, Top Application, Product and Forecast 2018 to 2025 Mart Research has added a new research report on “Global Halal Food Market – Segmented by End-User Industry and Region – Growth, Trends and Forecasts (2018 – 2025)” to its database. Geographically, Halal Food Market report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Halal Food in these
Global Halal Gelatin Market has Great Future
Qyresearchreports include new market research report Global Halal Gelatin Sales Market Report 2017 to its huge collection of research reports. QYResearchReports.com has added a new report covering the global Halal Gelatin market to its vast database. The research report studies the global Halal Gelatin market to analyze the factors impacting it. The report has been divided into several chapters that discuss the global Halal Gelatin market in absolute detail. The report
Halal Cosmetics Market Boom in near future
“Global Halal Cosmetics Market Research Report 2017” report entails the qualitative and quantitative analysis of current and future market estimations. It also divulges details about the mode of research methodology used for the study. It includes data from primary as well as secondary resources. The report is a useful resource for industry players, new entrants in the marketplace, and investors as it helps them plan their business to gain fruitful
Global Halal Meat Market Research Report 2017
Report Hive Market Research Released a New Research Report of 121 pages on Title " Global Halal Meat Market Research Report 2017 "with detailed Analysis, Forecast and Strategies. In this report, the global Halal Meat market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented
Global Halal Blush Market Research Report 2016
This report studies Halal Blush in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with Production, price, revenue and market share for each manufacturer, covering Golden Rose Sahfee Halalcare SAAF international Shiffa Dubai skin care Ivy Beauty Clara International Muslimah Manufacturing Sdn Bhd PHB Ethical Beauty AL HALAL Enter your information below to receive a sample copy of this report @ http://www.qyresearchreports.com/sample/sample.php?rep_id=905990&type=E Market Segment by Regions, this report splits