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Halal Cosmetics Market Analysis by Top Brands, Global Industry Scope & Future Scenario by 2028
Halal cosmetics are cosmetic products that are sourced and manufactured with ingredients that are "permissible" under Islamic law. Halal cosmetic does not contain any alcohol or any ingredients from animals that are forbidden for Muslims.Halal Cosmetics Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Skincare, Haircare, Makeup, and Others), Category (Men, Women, and Unisex), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
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Clara International Beauty Group; Inglot Cosmetics; Inika Organic Australia; IVY Beauty Corporation; MMA Bio Lab Sdn Bhd; OnePure, LLC; PT Paragon Technology and Innovation; PHB Ethical Beauty Ltd.; Sampure Minerals; and IBA Cosmetics are the well-established players constituting the majority of the halal cosmetics market share.
Impact of COVID-19 Pandemic on Halal Cosmetics Market
The COVID-19 pandemic adversely affected the consumer goods industry with the shutdown of manufacturing facilities, difficulty in procuring raw materials and components, and restrictions on logistic operations. The disruptions in the supply of raw materials to manufacturers hampered the production of halal cosmetics. The outbreak distorted operational efficiency and disrupted the value chains due to the sudden shutdown of national and international boundaries, creating revenue loss and damage. Various halal cosmetics manufacturers had to temporarily close their operations or limit their production capacities, negatively impacting the halal cosmetics market. However, the businesses are gaining ground as governments of various countries worldwide have eased out the previously imposed restrictions. The start of operations in the halal cosmetics manufacturing units is positively impacting the halal cosmetics market.
A mandate in Halal Certification by Islamic countries
The regional laws in Islamic countries mandate halal certification for manufacturers to import and market halal cosmetic products. This has resulted in prominent international cosmetic manufacturers getting their products halal certified to enable them to export their products to Islamic countries. On the consumer side, halal certification is expected to help consumers establish the authenticity of the product and its ingredients. Thus, the halal certification mandate by Islamic countries is expected to provide the necessary regulatory support and supplement market growth.
Why to buy this report -
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Halal Cosmetics market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the global Halal Cosmetics market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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