TechNavio says global halal cosmetics market to surpass a CAGR of 13% through to 2019

Source: Amara Cosmetics
website.

TechNavio, a tech-focused research firm, has published a new report titled the Global Halal Cosmetics Market, which it says is expected to grow at a CAGR of 13.67% from 2014 to 2019.

TechNavio says that the global halal cosmetics market is witnessing a higher demand for safe, good quality cosmetics. As halal certification is a mark of purity, the demand for these cosmetics is expected to grow rapidly as awareness increases about the products.

“Many halal brands are gaining international recognition as safe and hygienic cosmetics, which is boosting the demand for halal cosmetics,” says Faisal Ghaus, Vice President of TechNavio.

The latest report by TechNavio emphasizes the growing demand from non-Muslim countries for halal cosmetics, which will open huge growth opportunities for market vendors. Currently, these products are widely accepted by different communities, as these are considered to be safe, high quality and prepared using hygienic procedures.

“Many global personal care companies entering this market are manufacturing and distributing halal beauty products worldwide, as they are considered similar to vegan and organic products,” says Ghaus.

Key vendors mentioned in the report include Amara Cosmetics (accepts international orders), MMA Bio Lab (IMED Lab), INIKA Cosmetics and the Martha Tilaar Group.