Halal Cosmetic Products Market Size, Share, Trends, Company Profile, Future ScopPosted by rohit on April 26th, 2021 Market Overview Halal stands for lawful or permissible in Arabic language. Halal cosmetics products are gaining popularity among consumers as they offer excellent advantages over most conventional cosmetics products. For instance, being alcohol free, halal cosmetics are less likely to irritate sensitive skin. Moreover, halal cosmetic products are not tested on animals and completely based on health and ethical benefits. Consumers are shifting their preference towards halal cosmetics, owing to increasing awareness regarding harmful effects of synthetic cosmetics such as skin allergy, respiratory distress and various others. Also, increasing demand for halal cosmetics in South East Asian countries such as Indonesia and Malaysia and marketing activities by key players to tap potential market into Middle East are driving growth of the global halal cosmetic products market.
Market Dynamics Among product type, skin care segment held a dominant market share in 2016 and the segment is projected to lead the market over the forecast period. Increasing awareness regarding harmful effects of cosmetic ingredients such as alcohol, sulphates is shifting consumer preference towards natural skin care products, which is fueling growth of the for halal skin care products. Among distribution channel, online stores are projected to be the fastest growing segment over the forecast period. According to India Brand Equity Foundation Report (IBEF), in 2016, over 62% of young consumers in major economies prefer online stores for buying beauty & grooming products. Moreover, ease of access and reliable services of giant online retail stores such as Alibaba, Amazon, and Flipkart are playing important role in growth of distribution channel segment in the market. Global Halal Cosmetic Products Market Taxonomy: Global halal cosmetic products market is segmented on the basis of product type and distribution channel. By Product Type:
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