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2022Year, globalHalalThe cosmetics market has reached541.6billion US dollars

The increase in the Muslim populationHalalImproved certification compliance andHalalThe booming market has driven globalHalalGrowth of the cosmetics market.2016Year,WHAT?The market share of cosmetics industry was the largest, accounting for more than two-fifths of the market. As most companies adopted a work-from-home culture, the demand for cosmetics decreased during the pandemic.

according toAllied Market ResearchReports released,2016GlobalHalalThe cosmetics market size is231.7billion US dollars,2022This scale reached an unprecedented541.6billion US dollars,2016to2022The compound annual growth rate of15.2%。

worldwideHalalCosmetics Market and COVID-19 Scenario:

The COVID-19 pandemic has disrupted supply and revenue chains across most industries

The demand for cosmetics products has decreased during the pandemic as most companies have adopted a work-from-home culture.

However, as governments lift lockdown regulations, it is expected that theHalalThe demand for cosmetics will rise after the pandemic. Increased vaccination of people around the world is also likely toHalalplays an important role in the rise of the cosmetics market.

worldwideHalalThe cosmetics market is segmented based on product type, application, and distribution channel. Based on product type, the market is divided into personal care products, color cosmetics, and fragrances.2016In 2018, the personal care products segment held the largest share, accounting for nearly two-fifths of the market. However, the fragrance segment is expected to grow at the highest CAGR of15.8%This shows that the globalHalalThere have been structural changes in the demand for cosmetics in various market segments.

Based on application, the market is segmented into hair care, skin care, facial care, and beauty care.2016The hair care segment held the largest share in 2018, accounting for nearly one-third of the market share.2022The beauty care segment is expected to grow at the highest CAGR during the forecast period16.7%。

For North America, Europe, Asia Pacific andWHAT?and other regions of the worldHalalThe cosmetics market is analyzed.2016Year,WHAT?The market share of the largest, accounting for more than two-fifths of the market. In addition, the region is expected to have the highest CAGR during the forecast period.15.7%。

worldwideHalalThe cosmetics market report includes an in-depth analysis of the major market players such asAmaracosmetic,IbaHalalNursing,HalalCosmetics companies,Clara International、It gives、Wardahcosmetic,PHB Ethical Beauty、Sampure Minerals、One Pure、IfCosmetics andSaafSkinCare。

This new entrantHalalWhat does the cosmetics industry mean?

The report clearly shows thatHalalDemand in various cosmetics market segments is steadily increasing. New entrants need to understand the evolving demands of these segments. They also need to consider the growing demand in different geographic regions. Only then can they develop strategies to successfully grow their businesses.