Halal cosmetics are manufactured by making use of only those ingredients that are permissible as per the Islamic Sharia law. Halal products do not contain anything associated with any human parts or any kind of material that is derived from it. It is also free of any ingredient that has been derived from animals, as it is prohibited by Islamic law. Furthermore, halal cosmetics are also free of ingredients that come from animals that were slaughtered in a non-halal way. Numerous consumers are more than ready to pay a premium for these products as their religious beliefs are given due consideration.
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- Iba Halal Care,
- PHB Ethical Beauty,
- Martha Tilar Group,
- SaafSkinCare, One Pure,
- Halal Cosmetics Company,
- Ivy Beauty Corporation Sdn Bhd.,
- Wardah Cosmetics,
- Clara International,
- Brataco Group of Companies,
- Talent Cosmetics Ltd.,
- Amara Cosmetics,
- Sampure Minerals,
and many more..
The global halal cosmetics market is segmented on the basis of product type and distribution channel.
Product–wise, the global halal cosmetics market is fragmented into skin care, hair care, color cosmetics, multifunctional, as well as others. Among these, the skin care segment governs the largest share, on account of the greater focus on personal care and hygiene. Also, the color cosmetics segment is deemed to be growing at the fastest rate, with the increasing popularity of color cosmetics among consumers.
The distribution channels in the global halal cosmetics market are store-based and non-store-based. The store-based segment is sub-segmented into supermarkets & hypermarkets, convenience stores, and others. Currently, the store-based segment is leading the global market, whereas the non-store-based distribution channel is observed to gain traction over the review period.
September 2018 – Iba Halal Care, which is India’s only Halal-certified cosmetics brand has managed to raise USD 3 million due to the funding from Addvantis Enterprises, a Bengaluru-based startup that sells herbal cosmetics under the brand of Vedaearth. The fund will be used for national expansion and also for its entry into new product categories, thus creating a leadership position in the halal cosmetics and other products market.
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North America, Europe, Asia Pacific, and the Rest of the World (RoW) are the key markets for halal cosmetics. The North America market for halal cosmetics is considerably large and is driven by presence of a large number of cosmetics companies who are rapidly foraying into the halal cosmetics space. In addition, high disposable income and substantial demand for halal cosmetics owing to growing popularity.
Asia pacific market is slated to be the fastest growing market for halal cosmetics owing to rise in Muslim population across countries such as Malaysia, Indonesia, South Korea, Thailand, and Singapore. Moreover, the untapped markets in the region provide ample opportunities for market growth.
Europe is also a significant market and its growth can be exclusively accredited to the presence of some top-notch cosmetic companies in the region. Moreover, animal testing for beauty-care products is barred in Europe which also creates a conducive environment for the growth of the halal cosmetics market.
The Rest of the World is also expected to fare well in the coming years, especially the Middle East market due to the presence of Muslim-dominated populace in the region and their preference for halal cosmetics.
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