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.

Global halal cosmetics and personal care to see 13% CAGR through to 2018

Research and Markets has a Global Halal Cosmetics and Personal Care Market 2014-2018 report which forecasts this market to grow at a CAGR of 13% over the period 2013-2018. 

One of the key factors contributing to market growth is the increase in the Muslim population, but the lack of halal certification by an authentic body could pose a challenge, said analysts. The major consumers of the products are in the Asia Pacific and Middle East-Africa regions, as these are the densely-populated Muslim regions.

Key vendors dominating this space are Amara Cosmetics, IMED Lab, INIKA Cosmetics, and Martha Tilaar Group. Other vendors mentioned in the report are EL Asira, Muslimah Manufacturing, SAAF International, Samina Pure Makeup, Shiffa Dubai skin care, Wardah Cosmetics, and Zuii Organic.

Commenting on the report, an analyst from the team said: The rapid growth in non-Muslim countries offers huge potential for the global halal cosmetics and personal care market. Though halal cosmetics witness huge demand in regions populated by Muslims, a significant contribution is being witnessed from the non-Muslim economies. 

"Currently, halal cosmetics and personal care products are widely accepted by other communities as they are considered safe, of high quality, and to have been prepared using hygienic procedures. Moreover, the integrity of the cosmetics is maintained during the production process. Hence, there is huge potential for the global market to grow during the forecast period because of the increased acceptance of and demand for the products in the developed non-Muslim countries."