Published by news degree
Posted on August 2, 2021
The global Halal Cosmetics market is forecast to reach USD 66.33 Billion by 2027, according to a new report by Reports and Data. The market is being driven by the increasing number of Muslim population globally. Muslims account for approximately 25% of the worldwide population. An increase in the health concerns among consumers after using cosmetic products is fueling the need for special cosmetic products, which is, driving the market for halal cosmetic products. Moreover, increasing awareness of Muslim consumers on their religious obligations has also contributed to the rising demand for halal-certified cosmetic products.
The increasing need for halal cosmetic products among the growing 2.4 billion Muslim customers across the globe is increasing. However, the demand for the cosmetics still stays unmet as cosmetics production is mostly controlled by the non-halal cosmetic manufacturers, whose manufacture process may not fit in with the requirements of its science. The innovative production and development of these cosmetics and the assessment of their product performance is still at a nascent stage. The integration of its science in the production of most cosmetic products remains insufficient.
Furthermore, there is a global deficiency of documents guiding the assessment techniques in the production of halal cosmetics. It also aims to bridge existing knowledge and literature of halal and cosmetic science to offer essential technical guidance in the production of halal cosmetics. The adoption of these methods addresses the distinctive ethical issues associated with the conformance of cosmetics’ product performance to spiritual practices and science.
To get a FREE sample copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/3105
Key participants include MMA Bio Lab Sdn Bhd, Talent Cosmetic Co., Ltd., PHB Ethical Beauty, Ivy Beauty Corporation Sdn Bhd, The Halal Cosmetics Company, Sampure Minerals, INIKA, Amara Cosmetics, Inc., Clara International, and Martha Tilaar Group, among others.
The COVID-19 impact:
The cosmetic industry has witnessed a decline in the wake of the COVID-19 pandemic, but the impact is not as severe as seen in other industries. Although discretionary spending has reduced, the market has witnessed a shift in consumer behavior towards reliable and safe products. Products that have a low risk of contamination due to automation and longer shelf lives help in the rationing of consumer supplies. These are expected to stand out in the coming years. Brands are also focusing on enhancing their supply lines in strengthening their e-commerce channel coupled with offering at-home wellness products, which are highly suited in this volatile business environment.
For the purpose of this report, Reports and Data have segmented the global Halal Cosmetics market on the basis of product, application, distribution channel, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Billion; 2017-2027)
To know more about the report @ https://www.reportsanddata.com/report-detail/halal-cosmetics-market
Further key findings from the report suggest
Uses of this Report:
Request for customization of the report @ https://www.reportsanddata.com/request-customization-form/3105
Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Explore Reports and Data’s Prime Analysis of the global FMCG
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
Read Full Press Release: https://www.reportsanddata.com/press-release/global-halal-cosmetics-market
The post Halal Cosmetics Market Size To Reach USD 66.33 Billion By 2027 With CAGR 12.5% | Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
The global Halal Cosmetics market is forecast to reach USD 66.33 Billion by 2027, according to a new report by Reports and Data. The market is being driven by the increasing number of Muslim population globally. Muslims account for approximately 25% of the worldwide population. An increase in the health concerns among consumers after using cosmetic products is fueling the need for special cosmetic products, which is, driving the market for halal cosmetic products. Moreover, increasing awareness of Muslim consumers on their religious obligations has also contributed to the rising demand for halal-certified cosmetic products.
The increasing need for halal cosmetic products among the growing 2.4 billion Muslim customers across the globe is increasing. However, the demand for the cosmetics still stays unmet as cosmetics production is mostly controlled by the non-halal cosmetic manufacturers, whose manufacture process may not fit in with the requirements of its science. The innovative production and development of these cosmetics and the assessment of their product performance is still at a nascent stage. The integration of its science in the production of most cosmetic products remains insufficient.
Furthermore, there is a global deficiency of documents guiding the assessment techniques in the production of halal cosmetics. It also aims to bridge existing knowledge and literature of halal and cosmetic science to offer essential technical guidance in the production of halal cosmetics. The adoption of these methods addresses the distinctive ethical issues associated with the conformance of cosmetics’ product performance to spiritual practices and science.
To get a FREE sample copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/3105
Key participants include MMA Bio Lab Sdn Bhd, Talent Cosmetic Co., Ltd., PHB Ethical Beauty, Ivy Beauty Corporation Sdn Bhd, The Halal Cosmetics Company, Sampure Minerals, INIKA, Amara Cosmetics, Inc., Clara International, and Martha Tilaar Group, among others.
The COVID-19 impact:
The cosmetic industry has witnessed a decline in the wake of the COVID-19 pandemic, but the impact is not as severe as seen in other industries. Although discretionary spending has reduced, the market has witnessed a shift in consumer behavior towards reliable and safe products. Products that have a low risk of contamination due to automation and longer shelf lives help in the rationing of consumer supplies. These are expected to stand out in the coming years. Brands are also focusing on enhancing their supply lines in strengthening their e-commerce channel coupled with offering at-home wellness products, which are highly suited in this volatile business environment.
For the purpose of this report, Reports and Data have segmented the global Halal Cosmetics market on the basis of product, application, distribution channel, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Billion; 2017-2027)
To know more about the report @ https://www.reportsanddata.com/report-detail/halal-cosmetics-market
Further key findings from the report suggest
Uses of this Report:
Request for customization of the report @ https://www.reportsanddata.com/request-customization-form/3105
Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Explore Reports and Data’s Prime Analysis of the global FMCG
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
Read Full Press Release: https://www.reportsanddata.com/press-release/global-halal-cosmetics-market
The post Halal Cosmetics Market Size To Reach USD 66.33 Billion By 2027 With CAGR 12.5% | Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
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