Research and Markets has added TechSci Research's Saudi Arabia Halal Cosmetics Market Forecast and Opportunities, 2020 report to their offering.
The halal cosmetics market in Saudi Arabia is projected to grow at a CAGR of over 15% from 2015 to 2020 due to growing accessibility, rising consumer awareness regarding the benefits of using halal cosmetics, coupled with increasing willingness to pay more for high-quality halal cosmetics. In 2014, fragrances and skincare products accounted for a majority share in the country's halal cosmetics market.
Religious preference for halal products in Saudi Arabia is another factor driving demand. In addition, growing health concerns due to harmful effects of
ingredients used in manufacturing cosmetics is increasing demand for
halal cosmetics, not only among Muslims but also non-Muslim population
in the country.
Halal cosmetics are skin and body care products which are free from materials forbidden by the Islamic law, such as blood, pork and pork products as well as alcoholic constituents. The increasing preference for halal cosmetics is increasing their importance in the business strategy of local as well as international players.
Key players operating in KSA include Inika, One Pure, FX Cosmetics, Clara International Beauty Group and Samina Pure Minerals Makeup. Other companies mentioned include Amara Halal Cosmetics, Miracle Halal Mineralz, Saaf Skincare, The Halal Cosmetics Company and Wardah Cosmetics.