Pune, Maharashtra -- (SBWire) -- 11/22/2023 --The Halal Cosmetics Market study with 65+ market data Tables, Pie charts & Figures is now released by HTF MI. The research assessment of the Market is designed to analyze futuristic trends, growth factors, industry opinions, and industry-validated market facts to forecast till 2029. The market Study is segmented by key a region that is accelerating the marketization. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. Some of the players studied are Amara Cosmetics (United States), Inglot Cosmetics (Poland), Wardah Cosmetics (Indonesia), Saaf Skincare (United Kingdom), Zahara Cosmetics (Singapore), One Pure (Malaysia), Iba Halal Care (India), Sampure Minerals (United Kingdom), Pure Halal Beauty (United Kingdom), Tuesday in Love (Canada).
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According to HTF Market Intelligence, the Global Halal Cosmetics market is segmented by Application (Skin Care, Hair Care, Makeup, Others) by Type (Personal Care Products, Color Cosmetics, Fragrances) by Gender (Male, Female) by Distribution Channel (Online Retail, Offline Retail) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
Definition:
Halal cosmetics were introduced particularly by keeping the Muslim community in mind as this community is very much conserved about the sharia law which prohibits consumption and application of various things like alcohol, pig fats, and chemicals which are commonly found in cosmetic products. Halal cosmetics do not contain any kind of alcohol, petrochemicals, fatty acids, and ingredients that are obtained from animals like a pig. The basic idea behind this market is that wants to provide clean products without using the ingredients that the Islamic community won’t accept. Halal cosmetics don’t include ingredients derived from animals, genetically modified organisms (GMOs) that are affirmed as unclean according to Islamic law. Neither do they contain alcohol which has several negative effects on the skin? These beauty/personal care products are Vegan and Cruelty-Free at the same time. They are enriched with the goodness of powerful actives and proven natural ingredients. It is a holistic approach ensuring the safety of the users as well as the environment. Halal is the ultimate stamp of purity and safety guaranteeing superior quality products. Halal is an Arabic term meaning ‘lawful or permissible. It not only encompasses food and drink but all matters of daily life. According to Islamic law, the consumption of pork, alcohol, and blood is prohibited. Products that contain any of these ingredients are considered to be ‘Haram’ or forbidden. Moreover, the source of the product should also be known before consumption. Muslims need to ensure that the source isn’t questionable and there shouldn’t be no ambiguity of any sort. Foods, as well as non-food items like cosmetics and pharmaceuticals, contain animal by-products or other ingredients that are not permissible for Muslims to eat or use on their bodies.
Market Trends:
- The Rising Trend In the Demand for Organic and Vegan Cosmetics
- Increasing Demand for Cosmetics in the Asia- Asia-Pacific regions
Market Drivers:
- The Rising Demand from the End-Users
- A Rise in the Non-Muslim Population Is Shifting Towards Halal Beauty Products.
- The Growing Online Market, Including E-Commerce and Social Media Platforms, Is Driving the Halal Cosmetics Market
- Increasing Awareness Regarding Halal Cosmetics in the Younger Generation
Market Opportunities:
- Presence of a Large Muslim Population in the Gulf Countries Leading To High Awareness for Halal Cosmetic Products
- Growing Muslim Population And Rising Adoption Of Modern Lifestyle By The Muslim Community
Halal Cosmetics Market Competitive Analysis:
Know your current market situation! Not just new products but ongoing products are also essential to analyze due to ever-changing market dynamics. The study allows marketers to understand consumer trends and segment analysis where they can face a rapid market share drop. Figure out who really the competition is in the marketplace, get to know market share analysis, market position, % Market Share, and segmented revenue.
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Players Included in Research Coverage: Amara Cosmetics (United States), Inglot Cosmetics (Poland), Wardah Cosmetics (Indonesia), Saaf Skincare (United Kingdom), Zahara Cosmetics (Singapore), One Pure (Malaysia), Iba Halal Care (India), Sampure Minerals (United Kingdom), Pure Halal Beauty (United Kingdom), Tuesday in Love (Canada)
Additionally, Past Halal Cosmetics Market data breakdown, Market Entropy to understand development activity and Patent Analysis*, Competitors Swot Analysis, Product Specifications, and Peer Group Analysis including financial metrics are covered.
Segmentation and Targeting:
Essential demographic, geographic, psychographic, and behavioral information about business segments in the Halal Cosmetics market is targeted to aid in determining the features the company should encompass in order to fit into the business's requirements. For the Consumer-based market - the study is also classified with Market Maker information in order to understand better who the clients are, their buying behavior, and patterns.
Halal CosmeticsProduct Types In-Depth: Personal Care Products, Color Cosmetics, Fragrances
Halal Cosmetics Major Applications/End users: Skin Care, Hair Care, Makeup, Others
Halal Cosmetics Major Geographical First Level Segmentation:
- APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
- North America (U.S., Canada, and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, UAE, South Africa)
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Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
- Political (Political policy and stability as well as trade, fiscal, and taxation policies)
- Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
- Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
- Technological (Changes in digital or mobile technology, automation, research, and development)
- Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
- Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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