Halal Cosmetics: Higher Consciousness among Consumers to scale up Demand

Transparency Market Research (TMR) in its latest report, studies the global halal cosmetics market. The report is titled, “Halal Cosmetics Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.” As halal cosmetics are free from materials forbidden in the Islamic society, there demand is increasing especially form Muslim-majority countries. Halal products are found to be safe for both Muslims and non-Muslim, thus driving their demand. They are made without using gelatin, chemicals, and animal fat.

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Today, consumers are more aware and concerned about the ingredients used in the cosmetics, which they use daily. This growing consciousness among consumers will fuel the growth of the global halal cosmetics market. The process of manufacturing and nature of products are also safe for consumers and therefore, the global halal cosmetics market will witness a high growth in the coming years. Overall, a heightened demand for beauty products will boost the growth of this market during the period from 2017 to 2025.

The report studies the global halal cosmetics market, comprising the overview and then focusing on the growing potential of the non-Muslim majority countries. Key factors boosting the market and those restraining the market have been discussed in much detail to prepare readers and investors for the challenges which they may face or reap benefits from the factors driving the market. The key trends that are expected to shape the future of the global halal cosmetics market have been identified and discussed. In addition to this, the growth potential of the market in the future years has also been given in the report.

The report segments the global halal cosmetic products market on the basis of geography and product type. By product, the market is segmented into makeup products, hair care products, and skin care products. Of these, the hair care product segment is slated to expand at a rapid pace, on the basis of revenue. The segments which will lead during the forecast period are skincare products and make up products segment.

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Key players in the global halal cosmetics market are engaged in developing newer products and increasing the range of cosmetic products. Thus, extensive investments are being done for research and development. Players in the global halal cosmetics market are also conducting surveys so as to get a better idea of customer demands and concerns regarding halal cosmetics. However, the lack of knowledge is one of the biggest challenges hampering the growth of this market. This is obstructing the consumption of halal cosmetic products. Moreover, monopoly of non-Muslim companies will restrict the growth of this market.

About TMR

TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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This release was published on openPR.