Research and Markets: Global Halal Cosmetics and Personal Care Market 2014-2018 with Amara Cosmetics Inc., INIKA Cosmetics, and Martha Tilaar Group Dominating
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/3htkfd/global_halal) has announced the addition of the "Global Halal Cosmetics and Personal Care Market 2014-2018" report to their offering.
“Global Halal Cosmetics and Personal Care Market 2014-2018”
The analysts forecast the Global Halal Cosmetics and Personal Care market to grow at a CAGR of 13.43 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increase in the Muslim population. The Global Halal Cosmetics and Personal Care market has also been witnessing the growth potential in non-Muslim countries. However, the lack of halal certification by an authentic body could pose a challenge to the growth of this market.
Key vendors dominating this space are Amara Cosmetics Inc., IMED Lab Sdn Bhd, INIKA Cosmetics, and Martha Tilaar Group.
Other vendors mentioned in the report are EL Asira, Muslimah Manufacturing Sdn Bhd, SAAF International, Samina Pure Makeup, Shiffa Dubai skin care LLC, Wardah Cosmetics, and Zuii Organic.
Commenting on the report, an analyst from the team said: The rapid growth in non-Muslim countries offers huge potential for the Global Halal Cosmetics and Personal Care market. Though Halal cosmetics witness huge demand in regions populated by Muslims, a significant contribution is being witnessed from the non-Muslim economies. Currently, Halal cosmetics and personal care products are widely accepted by other communities as they are considered safe, of high quality, and to have been prepared using hygienic procedures. Moreover, the integrity of the cosmetics is maintained during the production process. Hence, there is huge potential for the global market to grow during the forecast period because of the increased acceptance of and demand for the products in the developed non-Muslim countries.
According to the report, one of the major drivers in the market is the growing Muslim population. This increase in the Muslim population has increased the consumption of these products as Muslims are the potential and primary consumers of the products. The major consumers of these products are the APAC region and the MEA region as these are the densely-populated Muslim regions.
For more information visit http://www.researchandmarkets.com/research/3htkfd/global_halal
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