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Report Code : CR1007
Global Halal Cosmetic Market Size is anticipated to Surpass USD 21 Billion by 20162024
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Global Halal Cosmetic Market Size is anticipated to Surpass USD 21 Billion by 2016-2024 Halal Cosmetic Market Outlook Halal cosmetics were introduced particularly by keeping Muslim community in mind as this community is very much conserved about the sharia law which prohibit consumption and application of various things like alcohol, pig fats and chemicals which are commonly found in the cosmetic products. The halal cosmetics do not contain any kind of alcohol, petrochemicals, fatty acids and ingredients that are obtained from the animals like pig. The basic motive behind these products is to provide clean, pure and the products which do not contain any kind of ingredient which is not acceptable by the Islam. According to the report of UN, Islam is the 2nd largest religion after the Christianity which is increasing at a rate of 3% annually. The Muslims represents one third of the global population or we can say 2.4 billion consumers, providing a huge market for the halal cosmetic products. These products are not exclusively or limited to Muslim community only, these products have gained market among the non-muslim consumers also, who associate these products with the ethical consumerism. The changing mindset of Muslim consumers and the worldwide trend of ethical consumerism trigger the development of vast range halal cosmetic products. The western countries are the key players in this industry even after being the non-muslim countries. They still hold the 70% of the global market. However, there are always challenges for every market as in this authenticity and maintaining the integrity of halal products is a challenge in competitive market. The most challenging part is to attract non-muslim consumers towards the halal cosmetics as there is tough competition from the established key players of the market.
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Global Halal Cosmetic Market Size is anticipated to Surpass USD 21 Billion by 2016-2024 Market Segmentation By Product Types •
Beauty care
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Hair care
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Makeup
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Fragrances
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By Distribution Channels •
Online Channel
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Offline Channels (Beauty Specialty Stores Etc.)
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Global Halal Cosmetic Market Size is anticipated to Surpass USD 21 Billion by 2016-2024
Based on Geography North America (US, Canada) {Market Share (%), Market Size (USD Million), Production (Units)} Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market
Share (%), Market Size (USD Million), Production (Units)} Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Million), Production (Units) } Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Million) , Production (Units)} Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Million), Production (Units)} Rest of the World {Market Share (%), Market Size (USD Million), Production (Units)}
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Global Halal Cosmetic Market Size is anticipated to Surpass USD 21 Billion by 2016-2024 Market Size and Forecast (2016-2024) Global halal cosmetics market accounted for USD 12.6 Billion in 2015 and the market is expected to reach USD 21.4 Billion by the end of 2024. Further, the market is anticipated to expand at a compound annual growth rate of 6.8% over the forecast period i.e. 2016-2024. Geographically, Asia-Pacific region dominates the global halal cosmetic market and accounted for more than 35% revenue share in 2016. High Muslim population countries in South Asia such as Indonesia, Malaysia and Singapore are the major revenue contributors to the halal cosmetic market in Asia-Pacific region. The halal cosmetic market is booming in Middle East and Europe. Across Middle East, halal cosmetic market is registering 12% annual growth rate reaching USD 2.3 billion in total value of halal cosmetics related sales. Europe is also witnessing growth in halal cosmetic sales owing to highly aware and traditional Muslim communities. In U.K, for instance more than 35% Muslims fall into desirable 18-35 year old demographic which is an important consumer base for halal cosmetics. America's region is expected to witness strong growth over the forecast owing to rising Muslim population in North America.
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Global Halal Cosmetic Market Size (USD Billion), 2016-2024
Global Halal Cosmetics Regional Market Share (%), 2016 XX
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Asia-Pacific
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NorthAmerica Europe
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LatinAmerica
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MEA
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Global Halal Cosmetic Market Size is anticipated to Surpass USD 21 Billion by 2016-2024 Global Halal Cosmetics Market Outlook 2024 contains detailed overview of the global halal cosmetics market in terms of market segmentation by product type and by distribution channel. Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. Global Halal Cosmetics Market report also provides competitive outlook of some of the major players which includes profiling of companies such as Amara Cosmetics, Pure Halal Beauty, SAAF International, Samina Pure Makeup, Inika Cosmetics, Martha Tilar Group, One Pure, Ivy Beauty, MMA Biolab, The Halal Cosmetics company, Clara International etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents comprehensive synopsis on the global halal cosmetics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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Global Halal Cosmetic Market Size is anticipated to Surpass USD 21 Billion by 2016-2024 Scope Background Market Synopsis
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Market Segmentation The Global Halal Cosmetics Segmentation as follows: • •
By Product Type (Market Size, Demand Analysis and Growth Analysis) By Distribution Channels Type (Market Size, Demand Analysis and Growth Analysis)
By Country
North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis} Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis} Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis} Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis} Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis} Rest of World {Market Size, Growth Analysis and Opportunity Analysis} Published By: Goldstein Research Copyright
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Global Halal Cosmetic Market Size is anticipated to Surpass USD 21 Billion by 2016-2024 Market Dynamics: Growth Drivers, Restraints and Opportunities oRisk Factors oRegional Variations oRecent Trends and Developments
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Key Market Players oSynopsis oBusiness Strategy oProduct Portfolio oSWOT Analysis
Porter’s Five Force Model Market Landscape: Competition and Beyond Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem Expert Analysis Concluding Remarks
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Global Halal Cosmetic Market Size is anticipated to Surpass USD 21 Billion by 2016-2024 About Goldstein Research Based in U.S., Goldstein Research is a young business consulting and market research firm with vast reach across America, Asia and parts of Europe and the Middle East. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.
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Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts.
Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Published By: Goldstein Research Copyright
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Global Halal Cosmetic Market Size is anticipated to Surpass USD 21 Billion by 2016-2024
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Global Halal Cosmetic Market Size is anticipated to Surpass USD 21 Billion by 2016-2024
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