openPR Logo
Press release

Asia Pacific Halal Cosmetics Market 9.9% CAGR during the forecast period 2015-2020

05-29-2017 10:15 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Asia Pacific Halal Cosmetics Market 9.9% CAGR during

Increasing awareness among consumers about halal-certified products has boosted the demand for Halal cosmetics, according to a new report, titled, “Halal Cosmetics Market: Asia Pacific Industry Analysis and Opportunity Assessment 2015 - 2020”, by Future Market Insights (FMI). FMI forecasts that the Halal cosmetics market in Asia Pacific will witness a 9.9% compound annual growth rate (CAGR) during the forecast period 2015-2020.

“As more consumers in Asia Pacific gain awareness about the ingredients used in conventional cosmetics and their transdermal nature, demand for Halal cosmetic will increase. This will prompt manufacturers to diversify their product offerings and introduce halal-certified products in the market”, says FMI analyst, who compiled the report.

Request For Sample@ http://www.futuremarketinsights.com/reports/sample/rep-ap-521

Demand for Halal Colour Cosmetics is Robust in Asia Pacific

On the basis of product type, the Asia Pacific halal cosmetics market is segmented into skin care, colour cosmetics, hair care, and fragrances. Among these, the demand for colour cosmetics is robust. This segmented accounted for 37.4% share of the Halal cosmetics market in 2014; FMI estimates that this segment will witness a 10.3% CAGR during the forecast period 2015-2020.

The colour cosmetics segment is further sub-segmented into lip care, eye care, nail care and face care. Among these sub-segments, lip- and face- care collectively accounted for over 65% of the market share in 2014. FMI estimates the lip care segment to amplify at a 10.5% CAGR through 2020 and reach a valuation of US$ 400.6 Mn.

FMI’s analysis on the Asia Pacific hair care market revealed that skin care was the second most lucrative segment after colour cosmetics. The segment accounted for over 30% share of the market in 2014; FMI estimates it to amplify at a 10% CAGR through 2020.

FMI forecasts that hair care and fragrances segment will amplify at a healthy CAGR through 2020. Although demand for Halal fragrances is not as robust as other Halal cosmetics, FMI estimates it to witness the highest CAGR through 2020.

Send An Enquiry@ http://www.futuremarketinsights.com/askus/rep-ap-521

Demand for raw materials that are permissible to use according to Islamic law is high in Asia Pacific. FMI’s research found that manufacturers relied heavily on plant derivatives for use in preparing Halal cosmetics. Halal cosmetic companies need to comply with the regulations set up by respective governments in Asia Pacific to gain halal-certification.

Southeast Asia & South Asia Most Lucrative Markets for Halal Cosmetics

FMI’s analysis found that the Southeast Asia was the most lucrative market for Halal cosmetics in Asia Pacific. It was valued at US$ 863.7 Mn in 2014 and FMI estimates it to amplify at a 10.2% CAGR and reach a valuation of US$ 1,535.3 Mn by 2020. On the other hand, the Halal cosmetics market in South Asia was worth US$ 342.9 Mn in 2014. According to FMI’s analysis, the Halal cosmetics market in South Asia will witness a CAGR of 9.9% through 2020 and reach a valuation of US$ 599.6 Mn by 2020.

East Asia and Oceania, other key regions in the Asia Pacific Halal cosmetics market are anticipated to expand at a healthy single-digit CAGR through 2020.

Key players in the Asia Pacific Halal cosmetics market include INIKA, Martha Tilaar, Wipro Unza, Clara International, Brataco group of companies, Ivy Beauty Corporation Sdn Bhd, and Paragon Technology and Innovation.

ABOUT US:
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.

CONTACT:
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Press: press@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
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 Asia Pacific Halal Cosmetics Market 9.9% CAGR during the forecast period 2015-2020 here

News-ID: 553977 • Views: 103

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

All 5 Releases


More Releases for Asia

RAMPF Korea – Producing in Asia for Asia
Joint Venture for the Asian markets – The international RAMPF Group has realigned the cooperation with its long-standing partner Orient Dosiertechnik from Korea with the founding of RAMPF Korea Co., Ltd. The new company based in Hwaseong City is developing and producing mixing and dispensing systems specifically for the Asian markets. Within the framework of the new joint venture based in Hwaseong City, mixing and dispensing systems are being developed and
LIXIL Asia Presents Asia Pacific Property Awards
Through its power brands GROHE and American Standard, LIXIL Asia signs a three-year deal to become the Headline Sponsor of the Asia Pacific Property Awards from 2019 until 2022. 23rd January 2019: The International Property Awards, first established in 1993, are open to residential and commercial property professionals from around the globe. They celebrate the highest levels of achievement by companies operating within the architecture, interior design, real estate and property
MES: Expansion in Asia
Berlin, November 24, 2014: Model Engineering Solutions (MES), the Berlin-based specialist for model-based software development, has significantly expanded its business in Asia. In recent years, MES has built up a network of local partners in Japan, Korea, China, and India in order to benefit from the growing market and increasing interest in model-based development and ISO 26262 in Asia. Asia: Driving force in the automotive industry The automotive industry continues
Undersea Defence Technology Asia, UDT Asia 2011
Latest Military Diving Technologies featured in UDT Asia Equipping Asia’s navies with the latest diving technology for asymmetric warfare and operations SINGAPORE, 17 October 2011 - Naval diving and underwater special operations is a field that is seeing increased attention and investment amongst navies in Asia. Units such as the Indonesian Navy‟s KOPASKA, the Republic of Singapore Navy‟s Naval Diving Unit (NDU), the Royal Malaysian Navy‟s PASKAL are increasingly utilising specialised equipment for conducting
UDT Asia 2011
Clarion Events hosts the Undersea Defence Technology (UDT) Asia 2011 conference and exhibition to bring senior naval and industry personnel together to cover underwater developments in the region Singapore, May 30 – Clarion Events is hosting UDT Asia on 30 November – 1 December 2011. The event brings together the undersea defence community in Asia, featuring top regional naval speakers, who will be addressing the latest underwater requirements for Asian navies. According
eltherm goes Asia
Finally all preparations are finished and the new subsidiary of eltherm GmbH, eltherm Asia Pacific Pte Ltd has commenced operations in Singapore on 1st April 2010. To celebrate the starting shot, an opening celebration was held in the afternoon of 28th July in the office premises followed by a get together dinner and drinks in the evening at a pub. A total of 62 guests attended the event with the