DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Halal Cosmetics Market by Product Type, Application, and Distribution Channel - Global Opportunity Analysis and Industry Forecast, 2014-2022" report to their offering.
The global halal cosmetics market is expected to reach $54,164 million by 2022, registering a CAGR of 15.2% during the forecast period.
Halal cosmetics market is expected to witness increasing demand during the forecast period owing to rise in Muslim population in Muslim-dominant countries such as Indonesia, UAE, Saudi Arabia, Turkey, Egypt, and Malaysia; growth in demand for personal hygiene & beauty care products that adhere to Islam religion; and surge in purchasing power among Muslim consumers.
Rising Muslim population, development of the halal market, and increase in compliance of halal certification drive the growth of the global halal cosmetics industry. As per the Islamic Shariah Laws, halal cosmetics should be certified by the registered halal authorities before they are introduced in the market. Halal certification enables Muslim consumers to identify the authenticity of the products. Furthermore, products certified by recognized bodies, such as JAKIM (Jabatan Kemajuan Islam Malaysia), will also boost consumer confidence and further propel halal cosmetics market growth. However, high costs associated with these cosmetics and lack of standard guidelines for halal certification are expected to hamper the halal cosmetic industry growth.
The key players operating in the market include Amara Cosmetics, Iba Halal Care, Halal Cosmetics Company, Clara Internation, Inika, Wardah Cosmetics, PHB Ethical Beauty, Sampure Minerals, One Pure, Mena Cosmetics, SaafSkinCare, and others.
Other prominent players include Martha Tilar Group, MMA Bio Lab Sdn Bhd., Talent Cosmetics Ltd., Wipro Unza, Brataco Group of Companies, Ivy Beauty Corporation Sdn Bhd., and Paragon Technology and Innovation.
Key Topics Covered:
Chapter 1. Introduction
Chapter 2. Executive Summary
Chapter 3. Market Overview
Chapter 4. Global Halal Cosmetics Market, By Product Type
Chapter 5. Global Halal Cosmetics Market, By Application
Chapter 6. Global Halal Cosmetics Market, By Distributiobn Channel
Chapter 7. Barriers Sytems Market, By Geography
Chapter 8. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/vnjqcc/halal_cosmetics