South East Asia Halal Skincare Market Motivated with Rising Demand from Industrial Sector during Forecast Period 2022-20Posted by Roger on April 17th, 2023 The South East Asia halal skincare market is a rapidly growing industry that is gaining traction among consumers who are looking for skincare products that are compliant with Islamic principles. Halal skincare products are those that are manufactured using ingredients that are permissible under Islamic law and do not contain any haram (forbidden) substances, such as alcohol or animal-derived ingredients. The halal skincare market in South East Asia is expected to reach USD 2.6 billion by 2025, growing at a CAGR of 7.5% during the forecast period from 2020 to 2025. Some of the key drivers of growth in this market include the increasing awareness of halal products among Muslim consumers, the growing demand for natural and organic skincare products, and the rise in disposable income among the middle-class population in the region. Major players in the South East Asia halal skincare market include brands such as Wardah, Safi, SimplySiti, and Clara International. These brands offer a wide range of skincare products, including moisturizers, cleansers, toners, and serums, that are halal certified and free from haram ingredients. One of the key trends in the South East Asia halal skincare market is the increasing use of technology to enhance the efficacy and safety of halal skincare products. For example, some brands are using artificial intelligence and machine learning algorithms to develop customized skincare solutions for individual consumers based on their skin type and preferences. Another trend is the growing demand for halal skincare products that are vegan and cruelty-free. Many consumers are becoming more conscious of the impact that their purchases have on the environment and animal welfare, and are seeking out products that are ethically sourced and produced. Overall, the South East Asia halal skincare market is expected to continue to grow in the coming years, driven by factors such as increasing consumer awareness, rising disposable income, and the adoption of new technologies. As more consumers seek out halal and ethical skincare products, brands that are able to innovate and meet these demands are likely to succeed in this competitive market. Read More - https://www.coherentmarketinsights.com/market-insight/south-east-asia-halal-skincare-market-5124 About Coherent Market Insights Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients. Contact Us Mr. Shah Like it? Share it! More by this author |