A new business survey released by HTF MI, the 'Global Halal Cosmetics Market Report 2018-2023,' provides an outlook on the Halal cosmetics market.
The report explains the Halal market outlook, the growing industry, and the main factors leading market changes. Understanding the main competitors and leading brands may be helpful. A five-year outlook is a good way to try to predict future market developments.
The main Halal cosmetics categories in the sales market include:
Body care / hair care / color cosmetics / perfume / soap and body wash / others
The distribution market includes:
Supermarkets - shopping malls / online sales / direct sales / specialty stores / others
The report also focuses on analyzing the market potential of each geographic region, taking into account growth rates, macroeconomic parameters, consumer purchasing patterns, and forecasts of demand and supply. The regions of interest are: North and South America / Asia-Pacific / Europe - Middle East - Africa.
Since the world's Muslim population is mainly concentrated in the Asia-Pacific region, in countries such as Bangladesh, Pakistan, India, Malaysia and Indonesia, most Muslims are more likely to use Halal products, especially hair care products. In addition, the potential increase in per capita income may drive the development of this market in the coming years.
FAQ
- What product categories and distribution channels does the Halal cosmetics market mainly include?
- The main product categories include body care, hair care, color cosmetics, perfume, soap and body wash, etc.; distribution channels include supermarkets/shopping malls, online sales, direct sales, specialty stores, etc. Market analysis assesses growth potential across three geographic regions: North and South America, Asia-Pacific, and Europe-Middle East-Africa.
- Why is the Asia-Pacific region an important market for halal cosmetics?
- Because the world's Muslim population is mainly concentrated in the Asia-Pacific region; in countries such as Bangladesh, Pakistan, India, Malaysia and Indonesia, most Muslims are more likely to use Halal products (especially hair care products), and combined with the potential increase in per capita income, this is expected to drive the development of this market in the future.