TechNavio recognizes the following companies as the key players in Global Halal Cosmetics and Personal Care Market: Amara Cosmetics Inc., IMED Lab Sdn Bhd, INIKA Cosmetics, and Martha Tilaar Group.
Commenting on the report, an analyst from TechNavio’s team said: “The rapid growth in non-Muslim countries offers huge potential for the Global Halal Cosmetics and Personal Care market. Though Halal cosmetics witness huge demand in regions populated by Muslims, a significant contribution is being witnessed from the non-Muslim economies. Currently, Halal cosmetics and personal care products are widely accepted by other communities as they are considered safe, of high quality, and to have been prepared using hygienic procedures. Moreover, the integrity of the cosmetics is maintained during the production process. Hence, there is huge potential for the global market to grow during the forecast period because of the increased acceptance of and demand for the products in the developed non-Muslim countries.”
According to the report, one of the major drivers in the market is the growing Muslim population. This increase in the Muslim population has increased the consumption of these products as Muslims are the potential and primary consumers of the products. The major consumers of these products are the APAC region and the MEA region as these are the densely-populated Muslim regions.
Further, the report states that the certification of products by authentic bodies is a major challenge hindering the growth of the market. Certification issues are generally noticed in products exported by local markets. These certification issues may lead to numerous consumers losing confidence in the products’ Halal status and stop purchasing them.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-halal-cosmetics-and-personal-care…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report – Global Halal Cosmetics and Personal Care Market 2014-2018
