The global halal cosmetics market is expected to reach US$52.02 billion by 2025, according to a new report by Grand View Research. Awareness levels of Muslim populace regarding the ingredients used in cosmetic and personal care formulations will determine the industry's future growth trajectory, the research firm said.
The buying clout of the Islamic population has pushed the mainstream beauty industry to concentrate on product offerings that are halal-certified. Consumers are willing to pay a premium for these goods in keeping with their ethical beliefs, Grand View Research says.
Countries such as Malaysia and Indonesia offer tremendous opportunities as a result of Islam being the predominant religion and socioeconomic growth. In fact, Malaysia and Indonesia together accounted for nearly 60% of Asia Pacific revenue in 2015, with skincare and makeup being the dominant products consumed. Malaysia is also home to brands such as SimplySiti and IVY Beauty.
Key findings:
- Asia Pacific, accounting for nearly 45% of the global Muslim population, was the dominant region and accounted for nearly three-quarters of the overall revenue in 2015.
- Countries such as India, Malaysia, Indonesia, Bangladesh, Pakistan and Maldives are characterised by considerable Muslim population and improving socioeconomic conditions.
- The Middle East is also an important consumer hub for the industry, particularly considering high income levels in UAE, Saudi Arabia, Jordan, and
- The haircare segment is anticipated to grow at a CAGR of 12.3% in terms of revenue over the forecast period.
In view these evolving consumer requirements, manufacturers are trying to comply with Islamic code of law by incorporating more ingredients that are in compliance with shari'ah law.
Major companies in the beauty space include Clara International, INIKA, Talent Cosmetic, MMA Bio Lab, The Halal Cosmetics Company, Saaf Skincare, Prolab Cosmetics, Martha Tilaar Group, and IBA Halal Care.
Interested?
Buy the Halal Cosmetics Market Analysis By Product (Skin Care, Hair Care, Makeup), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), Competitive Landscape, And Segment Forecasts, 2014 - 2025 report
Showing posts with label view. Show all posts
Showing posts with label view. Show all posts
Tuesday, 18 July 2017
Wednesday, 6 August 2014
Explore panoramic views of Indian historical sites with Google
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| Source: Google Cultural Institute website. |
- The Tomb of Balban, circa 1287, which has what is said to be the first architectural arch in India
- The Tomb of Safdarjung, 1754; Safdarjung was a Mughal-era vizier who was exiled after abusing his powers
- Sunehri Masjid, 1751
- Mubarak Begum Mosque, 1822, named after one of the 13 wives of Sir David Ochterlony, Delhi’s first British resident
The panoramas can be seen at the Google Cultural Institute site as well as on Google Maps. The launch brings the number of ASI locations online to over 100, including the heritage sites that launched in February 2014 such as the Taj Mahal and Humayun's Tomb.
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