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PRESS RELEASE
Published May 2, 2023
Halal cosmetics are products that are manufactured, processed, and packaged in accordance with Islamic law. This means that the products must not contain any haram (prohibited) ingredients, such as alcohol or pork-derived ingredients, and must be produced in a manner that adheres to Islamic values of ethics and morality.
The halal cosmetics industry has been growing rapidly in recent years, driven by increasing demand from Muslim consumers who are looking for beauty products that meet their religious and ethical requirements. The industry has also gained wider acceptance among non-Muslim consumers who are interested in natural and organic products, as many halal cosmetics are made from natural and organic ingredients.
- FORMAT:PDF
- NO OF PAGES:170
- BASE YEAR: 2022
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Impact of Covid-19 pandemic on market:
The Covid-19 pandemic has had a significant impact on the halal cosmetics market. Like many other industries, the cosmetics sector was impacted by disruptions in supply chains, closures of retail outlets, and reduced consumer demand.
The pandemic caused a significant drop in demand for cosmetics products, as people spent less time outside and had fewer occasions to wear makeup or use beauty products. This resulted in a decline in sales and revenue for many cosmetics companies, including those in the halal cosmetics industry.
Opportunities by halal cosmetics market:
Expansion of product lines: The halal cosmetics market presents an opportunity for companies to expand their product lines and offer a wider range of halal-certified products to consumers.
Development of new products: There is a growing demand for innovative and high-quality halal cosmetics products. Companies that invest in research and development to develop new and innovative products are likely to benefit from the growth of the market.
Collaboration and partnerships: Collaborations and partnerships between companies in the halal cosmetics market can help to enhance the development and distribution of halal products. Companies can leverage each other’s strengths to develop new products and expand their reach in the market.
Competitive Landscape:
The prominent player operating in the global halal cosmetics market includes Amara Cosmetics Inc., Pure Halal Beauty Inc., SAAF International Ltd, Sampure Minerals, Inika Cosmetics, Martha Tilar Group, One Pure International Group Ltd., Ivy Beauty Corp., MMA Biolab, The Halal Cosmetics Company, Inika, and Talent Cosmetics Co. Ltd.
Restrains by halal cosmetics market:
Limited consumer awareness: There is still a lack of awareness among consumers about halal cosmetics, especially in non-Muslim-majority countries. This can limit the market’s growth potential as consumers may not understand the benefits of halal-certified products.
Higher costs: The certification process for halal cosmetics can be more expensive compared to regular cosmetics, which can increase the cost of production. This could result in higher prices for consumers, which could be a barrier to entry for some.
Regulatory challenges: The halal cosmetics market is subject to various regulations, and compliance can be challenging. Different countries may have different requirements, which can make it difficult for companies to produce and distribute halal cosmetics products across different markets.
What answer does halal cosmetics market research report provides-
A halal cosmetics market research report provides a comprehensive analysis of the market, including market size, growth rate, key drivers and restraints, trends, opportunities, and challenges. The report also includes a detailed segmentation analysis based on product type, distribution channel, and region. Additionally, the report provides a competitive analysis of the key players operating in the market, including their market share, product portfolio, and business strategies. The report also includes insights into the regulatory landscape and certification process for halal cosmetics. Overall, a halal cosmetics market research report provides valuable insights and information for stakeholders, investors, and industry participants to make informed business decisions.
Key Questions Answered in the Report:
What are halal cosmetics?
Halal cosmetics are products that are manufactured, formulated, and packaged using ingredients that are permissible under Islamic law.
What are the key driving factors for the growth of the halal cosmetics market?
The key driving factors for the growth of the halal cosmetics market include the growing Muslim population, increasing awareness and demand for halal-certified products, and the trend towards natural and organic products.
Which regions are expected to be key markets for halal cosmetics?
The Asia-Pacific region, Middle East and Africa, Europe, North America, and Latin America are expected to be key markets for halal cosmetics.
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