Tuesday, 29 April 2014

APAC halal cosmetics and personal care market to grow 11% through to 2018

Research and Markets has introduced the Halal Cosmetics and Personal Care Market in the APAC Region 2014-2018 report, which predicts that the halal cosmetics and personal care market in the APAC region will grow at a CAGR of 11% from 2013 to 2018. 
 
One of the emerging trends in the market is the increase in awareness about the transdermal penetration of cosmetics. For instance, lipstick applied on the lips could be ingested and there are a few chemicals in such cosmetics and also in personal care products which can directly enter the blood stream. If such products contain any animal ingredients that are not permissible, then the penetration or ingestion of such products is a major concern for Muslim end-users. 

The growing number of Muslims in Asia Pacific, the primary consumers of halal products, is leading to an increase in the consumption of halal cosmetic and personal care products. The challenge comes with trying to obtain certification of products by credible bodies. 

Key regions covered include Malaysia, Indonesia, Pakistan, India, Bangladesh, Thailand, China, New Zealand and Australia. The major vendors in this space are INIKA Cosmetics, Ivy Beauty Corp., Martha Tilaar Group, and PT Paragon Technology and Innovation. Colgate-Palmolive, INGLOT, Jetaine Corp., Muslimah Manufacturing, Tanamera Tropical Spa and Wipro Unza Holdings are also discussed.