Overview
According to the latest research study, the report predicts the global size & share of Saudi Arabia Halal Cosmetics Market to reach around USD 22.87 Billion by 2030 from USD 3.82 Billion in 2021. The global Saudi Arabia Halal Cosmetics Market is anticipated to register a significant CAGR of 23.0% by 2030.
Halal cosmetics are body care and makeup products that do not contain ingredients prohibited by Islamic law. Therefore, pork products, animal blood, and alcoholic ingredients are not included when producing such products. Halal makeup complies with Islamic standards; they are liberated from pig derived and other prohibitive components. They are porous to water as needed by Islamic means. Halal beauty products involve nail polishes, foundation, eyeshadow, and fragrances. The biggest organ in the body is the skin. It soaks up everything, so there is an indirect consumption. Albeit halal makeup resonates its presence in the cosmetics world, it has made inroads in the lives of Muslim communities, which incorporate 23% of the world population. There is an increase in Muslims searching for halal options to usually adorned makeup or alternative beauty products.
All halal products are examined in the associated labs to probe signs of pork or its by-products before certification. Depending on the number of certified products, the certification is priced at about $2000. A brand has to shell out extra to utilize copyright, logo, and trademark of US halal certification. The certification agency needs brands to inform if product components are changed. It also tackles an unconstrained audit of products sold by companies that are halal certified.
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· Covid-19 pandemic outbreak impact analysis included
· 2021 updated report preface, overview, definition, TOC, and in-depth industry analysis
· 175+ pages research report
· Offer chapter wise instruction on request
· Includes updated regional scrutinizing with the graphical representation of share, size, and trends.
· The report offers top market players their sales volume, business strategy, and revenue analysis
Important Questions Being Answered by The Market Report
· What is the global Saudi Arabia halal cosmetic market size and growth?
· What is the total revenue per segment and region in 2021-2028?
· What are the significant market trends?
· What are the factors that are driving the global Saudi Arabia halal cosmetic market?
· What are the major roadblocks to the global Saudi Arabia halal cosmetic market?
· What are the recent advancements and strategies of the business of key players?
Top Market Companies:
· Amara Cosmetics Inc.
· Clara International
· IBA Halal Care
· INIKA
· Intercosmetic Asia Pacific Sdn Bhd
· Martha Tilaar Group
· MMA Bio Lab Sdn Bhd
· Muslimah Manufacturing Sdn. Bhd.
· Nizona Corporation
· NUTRALab
· PHB Ethical Beauty
· Prolab Cosmetics
· Saaf Skincare
· Sampure Minerals
· Talent Cosmetic Co. Ltd
· Zelcos
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Saudi Arabia Halal Cosmetic Market: Growth Leading Factors
The halal cosmetics in Saudi Arabia will continue to grow because of the increasing obtainability of these products, increasing awareness of the consumers on context to advantages of using halal cosmetics, and growing willingness amidst the consumers to shell out for superior halal cosmetics. For halal cosmetics, Saudi Arabia is an attractive market because of a well-to-do customer base in the kingdom. To capture the growing demand for halal cosmetics in Saudi Arabia, prominent global players have enlarged their footprint in the domain through online and product sales marketing.
The critical components in traditional color cosmetics are alcohol and animal fat which are not permitted for usage amidst the Muslim population. Thus there is a growing demand for halal color cosmetics, which is growing speedily in the Middle East region with the majority of the Muslim population. Further, the increasing interest of young Muslims towards the makeup trends that are the latest and compliance with religious beliefs is another crucial factor that will push the demand for halal color cosmetics shortly.
The covid-19 pandemic has generated a tight spot for the halal cosmetics industries. Due to the imposed lockdown effect, almost all encountered substantial revenue losses. There was a delay in supplying raw materials to the industry sector. The outbreak of the virus impacted the sales sector of the halal cosmetic market. The delivery of commodities slowed down, which was a setback to the market's growth rate. Soon the market shares of halal cosmetics rose as the key players concentrated on developing new commodities. Therefore, the growth recovery of the halal cosmetic market will continue and will have a holistic demand worldwide.
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Saudi Arabia Halal Cosmetics Market: Key Segmentation
Insight by product and distribution channel
By product, the skincare segment has the most considerable shareholding. The speedily growing market is color cosmetics because of broad usage among young women globally. By distribution channel, the speedy investments in the retail sector and enhancement of hypermarkets offer profitable options to e-commerce companies. These companies cooperate and increase their business with the foremost market players, which is another crucial asset pushing the sales of halal cosmetics through supermarkets and hypermarkets.
Browse the full “Saudi Arabia Halal Cosmetics Market Share, Size, Trends, Industry Analysis Report, By Product (Skin Care, Hair Care, Make-up & Color Cosmetics, Others); By Distribution Channel (Online, Offline); Segment Forecast, 2022 - 2030” Report at https://www.polarismarketresearch.com/industry-analysis/saudi-arabia-halal-cosmetics-market
The market primarily depends on product and distribution channel
Saudi Arabia Halal Cosmetics Market: By Product
- Skin Care
- Hair Care
- Make-up & Color Cosmetics
- Others
Saudi Arabia Halal Cosmetics Market: By Distribution Channel
- Online
- Offline
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