Halal Cosmetics Market To Flourish At Double Digit CAGR During 2021–2027

Precision Business Insights published a research report on “Global Halal Cosmetics Market: By Type (Personal Care, Makeup, Fragrances), By Application (Hair, Skin, Body, Face, Lips, Eyes), By Usage (Men, Women, Unisex), By Distribution Channel (Supermarkets, Hypermarkets, Drugstores, Online Stores) and Geography - Global/Region/Country Forecast to 2027”.

The global halal cosmetics market is anticipated to grow at considerable CAGR level during the forecast period 2021-2027.

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Increase in the Use of Cosmetics by Muslim People will Fuel the Global Halal Cosmetics Market
Growing awareness among Muslim community is anticipated to bring new opportunities for the key players of the market. Halal gets much significance in population because of the growing Muslim population around the globe. Increasing preference towards halal cosmetics is another leading factor projected to impel the market. In addition, huge preference for healthy, eco-friendly and organic cosmetics and increasing use of cosmetics by Muslim is fostering the growth of halal cosmetics market. Halal cosmetics have considered being the best substitute and efficient solution for customers. On the other hand, strict regulatory framework, dearth of awareness and low adoption rate hinder the halal cosmetics market growth.

Middle East and Africa will Lead the Halal Cosmetics Market
Halal cosmetics market is classified into different regions such as Asia pacific, North America, Latin America, Middle East, Africa, and Europe. Among all the regions, Middle East and Africa regions are anticipated to dominate the market over the forecast duration because of the huge demand for natural cosmetics, increase in research and development investments in halal cosmetics and huge awareness amid people about the harmful effects of some components present in other cosmetic products. Halal cosmetics market in Europe is projected to experience huge considerable growth because of the ban is made on animal testing for the use in beauty care products in the year 2009, which resulted towards the increasing use of natural organic ingredients in both beauty care products as well as cosmetics. North America halal cosmetics market is anticipated to witness steady growth rate because of the huge preference towards the use of natural and organic products and increasing beauty consciousness amid people. Amara, the first North American company provided totally halal cosmetics certified by Islamic food and Nutrition Council of America. Regions such as Latin America and Asia pacific projected to provide profitable opportunities due to the presence of high Muslim populace in the regions.

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Competitive Analysis
There are several key players operating in the global Halal Cosmetics Market, which include Amara Cosmetics (U.S.), Saaf Skin Care (UK), Clara International (Malaysia), INIKA (Australia), Talent Cosmetic Co., Ltd. (Korea), MMA Bio Lab Sdn Bhd (Malaysia), The Halal Cosmetics Company (UK), Prolab Cosmetics (Brazil), Martha Tilaar Group (Indonesia) and IBA Halal Care (India). Industry players of this market focus on following few efficient strategies to strengthen their position in the market.

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This release was published on openPR.