SAN FRANCISCO, March 22, 2017 /PRNewswire/ --
The global halal cosmetics market is expected to reach USD 52.02 billion by 2025, according to a new report by Grand View Research, Inc. Awareness levels of Muslim populace regarding the ingredients used in cosmetic and personal care formulations to determine the industry's future growth trajectory.
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With considerable Islamic population and their ingraining of cultural aspects into daily lifestyles has pushed the mainstream beauty-care industry to also concentrate on product offerings that are halal-certified. To the extent, consumers are willing to pay a premium price for these goods keeping in view ethical beliefs.
Countries such as Malaysia, Thailand, and Indonesia offer tremendous opportunities for growth as a result of Islam being a predominant sect and simultaneous socio-economic growth of individuals. Furthermore, products certified by recognized bodies, such as JAKIM (Jabatan Kemajuan Islam Malaysia), will also boost consumer confidence and further propel growth.
Malaysia and Indonesia together accounted for nearly 60% of the Asia Pacific revenue in 2015, with skincare and makeup being the dominant products consumed. Personal care and beauty-care launches in Malaysia outnumbered UK and Philippines, primarily due to local brands such as SimplySiti and IVY Beauty.
Browse full research report with TOC on "Halal Cosmetics Market Analysis By Product (Skin Care, Hair Care, Makeup), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), Competitive Landscape, And Segment Forecasts, 2014 - 2025" at: http://www.grandviewresearch.com/industry-analysis/halal-cosmetics-market
Further key findings from the report suggest:
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Grand View Research has segmented the halal cosmetics market on the basis product and region:
Read Our Blog: Halal Cosmetics Market: Catching attention of leading personal care companies
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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Grand View Research, Inc.
Phone: 1-415-349-0058
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Email: sales@grandviewresearch.com
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