Key Vendors include Amara Cosmetics, IMED Lab Sdn Bhd, INIKA Cosmetics, Martha Tilaar Group
TechNavio, the independent London-based global research firm, today announced the publication of its research report on Global Halal Cosmetics and Personal Care Market. The report finds growing Muslim population in APAC region contributing to the growth of the Global Halal Cosmetics and Personal Care Market. The findings are for the forecast period 2014-2018.
The APAC region is gaining a significant market share due to countries like Malaysia, Indonesia, and Thailand emerging as Halal production and consumption hubs. These countries are also conducting various marketing promotions and strategies, which is increasing the demand for and consumption of Halal cosmetics and personal care products in these countries.
This increased awareness of the benefits offered by Halal cosmetics is also fueling the growth of this market in countries where the Muslim population is in a minority, such as France, the UK, Germany, and Russia.
Halal cosmetics and personal care products are safer than other chemically manufactured cosmetics, as Islamic law prohibits the use of ingredients and chemicals that affect the human skin. This is one of the primary reasons for the high demand in Europe, as an increasing number of consumers are concerned about the purity, safety, and organic nature of cosmetic products.
The increasing Muslim population in Canada and Mexico and in Latin American countries such as Argentina, Brazil, and Uruguay is also propelling the demand for Halal cosmetics and personal care products, as the need for healthy and hygienic cosmetic and healthcare products increases.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on Global Halal Cosmetics and Personal Care Market 2014-2018, please send an e-mail to media@TechNavio.com
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of Global Halal Cosmetics and Personal Care Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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