Key vendors to procure new brands to maintain their dominance in the market
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global halal cosmetics market in their latest market research report. This report also lists 11 other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
Competitive vendor landscape
The global halal cosmetics market is highly fragmented due to the presence of several regional and international players. The market is projected to witness a substantial rise in production capacity with the underlying growth opportunity. The market is expected to witness grow over the forecast period due to increased adoption of halal products by a wider audience, besides the Muslim community.
According to Brijesh Choubey, an industry expert at Technavio for research on cosmetics and toiletry, “The procurement of new brands will offer an opportunity to the leading competitors to maintain their dominance in the global halal cosmetics market during the forecast period. The practice of sustainability is essential for future production and is well-applied by active competitors in the market. New product lines and geographical expansion to reach out to potential consumers are expected during the forecast period.”
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Top five vendors in the halal cosmetics market space
Amara Cosmetics
The company manufactures and markets Halal cosmetic products that are mainly used by Muslim women. Its products are made by using certified organic ingredients, which are gluten free, paraben free, and petrochemical free. Moreover, its products are vegan-friendly and free from alcohol.
Key products: Organic lipstick, natural lip gloss, natural lightening mascara, mineral press blush, mineral press powder foundation, liquid foundation, and press eyeshadow color palette.
Inika
Inika emphases on producing products that are made by using organic ingredients, as well as meet the strict procedures of manufacturing as specified by the certifying body, Organic Cosmetic. The company claims that its products are safe, natural, ethical, and environmentally friendly. It uploads testimonials from customers and celebrities experience on social media and on its website to encourage new customers.
Some key products: Mineral foundation, lipstick, vegan brush roll, etc.
Martha Tilaar Group
The company offers cosmetic products and self-treatment products such as basic make-up kits for eyes, lips, and face; home spa sets; skin treatment products; and herbal medicines. Moreover, the company operates professional beauty training centers, including beauty schools and spa training centers. It focuses on research, development, creation, and raw material innovation.
Some key products: Fair white product line, mascara, lipstick, etc.
MMA Bio Lab
All the products formulated and manufactured by the company are audited and certified by Jabatan Kemajuan Islam Malaysia (JAKIM), the only authorized Malaysian government authentication body for halal products and certification. The company formulates and manufactures halal cosmetics and sells its products online.
Key products: Body moisturizers, creams from stem cells of plants, and BB cream.
The Halal Cosmetics Company
The company’s products contain Astaxanthin, an all-natural and highly effective antioxidant, which provides ultraviolet-A (UVA) and ultraviolet-B (UVB) protection, nourishes and regenerates skin, and eliminates free radicals. The company is against cruelty to animals. It is also committed to investing in its community, which in turn, supports charities every year through special fundraising events and promotions.
Key products: Skin exfoliating facial polish, asta revital eyes, kabuki brush, etc.
Ask an analyst to know more about this report
A more detailed analysis is available in the Technavio report, Global Halal Cosmetics Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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- Global Cosmeceuticals Market 2017-2021
- Global Online Beauty and Personal Care Market 2016-2020
- Global Skin Care Products Market 2016-2020
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