Halal
Cosmetics Market growth is primarily due to increase in Muslim populations
and their purchasing power. This has created a surge in demand for halal
cosmetics. Increasing demand has also compelled market players to engage in new
product development.The global halal cosmetics market is anticipated to reach
USD 22.53 billion by 2026 according to a new study published by Polaris Market
Research
Currently, consumers are exhibiting growing interest in
halal cosmetics and personal care. This is primarily due to the increasing
consumer awareness about the importance of personal hygiene and improving
lifestyles as a result of increasing disposable income. Halal cosmetics being
different from conventional cosmetics are gaining popularity, as these
cosmetics do not contain alcohol, porcine-by products and their derivatives.
Basically, they do not contain contents or ingredients that are against Islamic
beliefs.
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Halal cosmetics are expected to be produced, packaged,
stored, and distributed as per Islamic teachings. Moreover, these products are
considered to be safe, clean, and high quality. The significant growth in
Muslim populations across the globe is expected to offer immense opportunities
to personal care and halal cosmetics industry. In addition, the rapidly
accelerating economic power of Islamic countries is anticipated to largely
influence them to spend additional money on beauty and personal products.
The growing issues over the environmental and health hazards
are also responsible for such as significant impact on the cosmetic industry.
Some of the health hazards such as distortion, breast cancer, and abnormalities
pertaining to genital are usually blamed to occur as a result of excessive usage
of cosmetics products comprising nano-particle ingredients. The increasing in
number of such events has promoted consumer awareness about the substance of
beauty products, thus, driving demands for halal personal care and cosmetic
goods.
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Asia Pacific is anticipated to dominate the global halal
cosmetics market, owing to the presence
of emerging nations such as India, Indonesia, Malaysia, Bangladesh, Maldives,
and Pakistan. These nations have significant population that follow Islamic
beliefs.
The list of key companies that are operating in the market
include Ivy Beauty Corporation Sdn Bhd, Mena Cosmetics, MMA Bio Lab Sdn Bhd,
The Halal Cosmetics Company, Talent Cosmetic Co., Ltd., PHB Ethical Beauty,
Saaf SkinCare, One Pure, Sampure Minerals, Amara Cosmetics, Wardah Cosmetics,
Inika, Clara International, Prolab, and IBA Halal Care. These players are
observed engaging in activities aimed at the development of new products.
About Polaris Market Research
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consulting company. The company specializes in providing exceptional market
intelligence and in-depth business research services for our clientele spread
across different enterprises.
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