Halal Cosmetic Market By Distribution Channelt
Halal Cosmetic Market By Distribution Channel and
By Region – Global Opportunities & Forecast, 2020-2027
Global Halal
Cosmetic Market
The GMI Research report presents that the Halal Cosmetic
Market will encounter a robust growth over the forecast period. This is
because of the ongoing technological modernisations and mounting energy
consumption.
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Halal Cosmetic Market Dynamics
The major force stimulating the growth of the global Halal
Cosmetic Market includes the accelerating Islamic population willing to
disburse superior prices for halal-certified beauty items. Further, the
increasing knowledge regarding the application of cosmetic items is another
factor that is accelerating the Halal
Cosmetics Market Size. Muslim population accounts for the
substantial part of the worldwide population, thus the cosmetic market is
focussing on establishing halal-certified products. Additionally, the
accelerating urban population and improving living standards are other forces
that are complementing the market demand. Apart from the national market, India
is a centre of exports for halal products, especially from Saudi Arabia, UAE,
and the Malaysia.
The rising cases of health issues such as breast cancer, as
a result of cosmetics has raised the agitation towards ingredients . Thus, the
major players in the market are emphasising on initiating small packaging at an
economical price to evade one-time investment. Further, the surging inclination
of Muslim population to link their interest in makeup with Islamic faithfulness
is another force responsible for the market growth. However, the inflated cost
of these cosmetics and the insufficient guidelines for halal authorisation are
anticipated to restrain the Halal Cosmetic Market opportunities.
Voltage Segment Drivers
Based on the product, the skincare segment is anticipated to
dominate the market in the next six years. The increasing awareness related to
the numerous remarkable advantages offered by the skincare products is a major factor
that is responsible for the growth of the segment. Most of the cosmetic product
contains ingredients that cause skin irritation and may have long-term side
effects on health. This factor is encouraging individuals to opt for halal
skincare products in order to avoid health and skin-related diseases. The
growing disposable income, along with the adoption of modern lifestyle, is
further boosting the growth of the segment in the market.
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