Rise in the Muslim inhabitants, improve in compliance of halal certification, and growth in the halal marketplace have boosted the growth of the world halal cosmetics marketplace. The industry throughout LAMEA held the lion’s share in 2016, accounting for a lot more than two-fifths of the current market. As most of the companies adopted perform from dwelling lifestyle, the demand for cosmetics reduced throughout the pandemic.
Portland, OR, April 01, 2021 (World NEWSWIRE) — As per the report posted by Allied Sector Investigation, the world-wide halal cosmetics current market was pegged at $23.17 billion in 2016, and is projected to achieve $54.16 by 2022, rising at a CAGR of 15.2% from 2016 to 2022.
Rise in the Muslim population, enhance in compliance of halal certification, and boom in the halal current market have boosted the advancement of the world halal cosmetics current market. Nevertheless, the dearth of the typical recommendations for halal certification and higher fees hinder the market advancement. On the contrary, surge in presence of multinational gamers is anticipated to open valuable opportunities for the sector gamers in the foreseeable future.
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The Covid-19 outbreak and adopted pandemic resulted in disrupted source chain and income chain.
As most of the businesses adopted operate from house lifestyle, the demand for cosmetics reduced through the pandemic.
Nevertheless, as the governments have lifted the lockdown rules, the need for halal cosmetics is anticipated to rise publish-pandemic.
The international halal cosmetics current market is segmented on the basis of item sort, application, and distribution channel. Based on merchandise form, the industry is classified into individual care solutions, coloration cosmetics, and fragrances. The personal care goods segment held the lion’s share in 2016, accounting for nearly two-fifths of the marketplace. Having said that, the fragrances section is projected to register the optimum CAGR of 15.8% all through the forecast period.
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On the basis of software, the market place is divided into hair care, skin treatment, deal with treatment, and attractiveness care. The hair care section held the biggest share in 2016, contributing to just about one particular-third of the market place. Nonetheless, the magnificence care phase is approximated to register the optimum CAGR of 16.7% in the course of the forecast interval.
The global halal cosmetics marketplace is analyzed across numerous locations this kind of as North The usa, Europe, Asia-Pacific, and LAMEA. The marketplace across LAMEA held the lion’s share in 2016, accounting for a lot more than two-fifths of the market place. In addition, the area is expected to sign-up the greatest CAGR of 15.7% in the course of the forecast period of time.
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The world halal cosmetics industry report includes an in-depth evaluation of the key marketplace players these as Amara Cosmetics, Iba Halal Care, Halal Cosmetics Company, Clara Internation, Inika, Wardah Cosmetics, PHB Moral Attractiveness, Sampure Minerals, A person Pure, Mena Cosmetics, and SaafSkinCare.
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Allied Industry Investigation (AMR) is a entire-provider sector exploration and organization-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Sector Investigate offers world-wide enterprises as nicely as medium and tiny organizations with unmatched excellent of “Current market Analysis Reports” and “Business Intelligence Remedies.” AMR has a specific perspective to offer business enterprise insights and consulting to help its shoppers to make strategic business decisions and realize sustainable progress in their respective market area.
We are in specialist corporate relations with several companies and this assists us in digging out market data that allows us create precise investigation info tables and confirms utmost precision in our marketplace forecasting. Each and each and every knowledge offered in the stories revealed by us is extracted by means of main interviews with major officers from primary businesses of area involved. Our secondary details procurement methodology consists of deep on the net and offline exploration and dialogue with well-informed pros and analysts in the market.
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