PRESS RELEASE
Published May 9, 2023
IMARC Group, a leading market research company, has recently releases report titled “GCC Halal Cosmetics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the GCC halal cosmetics market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the GCC Halal Cosmetics market?
|
Report Attributes |
Details |
|
Market Size in 2022 |
US$ 4.6 Billion |
|
Market Forecast in 2028 |
US$ 13.3 Billion |
|
Growth rate (2023 to 2028) |
CAGR of 19.3% |
|
Base Year of the Analysis |
2022 |
|
Forecast Period |
2023-2028 |
Industry Definition and Application:
Halal cosmetics refer to the beauty products produced using specific ingredients that are acceptable according to the Islamic Sharia law. They include various color cosmetics, facial cosmetics, fragrances, skincare, haircare, body care products, etc. Halal cosmetics are processed, stored, and produced by using utensils, equipment, and machinery that have been adequately cleaned. These products do not involve components that are prohibited for Muslims to consume, such as alcohol, animal-derived ingredients, and any materials obtained from the human body. In addition to this, halal cosmetics do not incorporate genetically modified organisms (GMOs) as they are believed to be unclean. These beauty products are extensively available across hypermarkets, specialty stores, online stores, salons, supermarkets, etc.
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What are the growth prospects and trends in the GCC halal cosmetics industry?
The escalating Muslim population and the rising compliance of certification of products are among the primary factors driving the GCC halal cosmetics market. Besides this, the elevating health concerns and the high prevalence of several skin disorders, on account of synthetic and alcohol-based cosmetic ingredients, are further augmenting the market growth. Moreover, the increasing working women population is boosting the purchase of high-quality and premium halal cosmetics, which is also catalyzing the market across GCC.
Apart from this, the growing popularity of e-commerce platforms that offer doorstep delivery, secured payment gateways, and diverse product options is acting as another significant growth-inducing factor. In addition to this, various foreign brands are introducing these products into their portfolios to cater to the preferences and specific requirements of the consumers in the region. This, in turn, is positively influencing the product demand. Furthermore, the inflating usage of these beauty products, as they offer cleanliness, hygiene, and safety, is expected to bolster the GCC halal cosmetics market in the coming years.
Who are the key players operating in the industry?
The report covers the major market players including:
- Amara Halal Cosmetics,
- Clara International Beauty Group,
- Iba Cosmetics,
- Lush,
- OnePure LLC,
- PHB Ethical Beauty Ltd.,
- Sampure Minerals
- The Halal Cosmetics Company.
What is included in market segmentation?
The report cover the below key market segments:
Breakup by Product Type:
- Personal Care
- Skin Care
- Hair Care
- Fragrances
- Others
- Color Cosmetics
- Face Cosmetics
- Eyes Cosmetics
- Lips Cosmetics
- Nail Cosmetics
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Stores
- Others
Breakup by Country:
- Saudi Arabia
- UAE
- Oman
- Qatar
- Turkey
- Others
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report with TOC & List of Figure: https://www.imarcgroup.com/gcc-halal-cosmetics-market
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