Consumer Goods

The Asia Pacific Halal Cosmetic Market Is Driven By Increasing Consumer Awareness

ashwini bakhade

The Asia Pacific Halal Cosmetic Market Is Driven By Increasing Consumer Awareness

The Asia Pacific halal cosmetics market has witnessed significant growth in recent years. Halal cosmetics refers to personal care products that are permissible according to Islamic law. Such cosmetics do not contain any ingredients derived from animals that are forbidden under Islamic dietary code. They are free from alcohol and do not contain any chemical components prohibited by Sharia law. Rising Muslim population across Asia Pacific countries like Indonesia, Malaysia and Pakistan has fueled the demand for halal certified cosmetic products. Additionally, halal cosmetics are considered gentle, safe and pure by Muslim consumers.

The global Asia Pacific Halal Cosmetic Market is estimated to be valued at US$ 3.59 Mn in 2024 and is expected to exhibit a CAGR of 8.0% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Increasing consumer awareness regarding halal certified products has emerged as a key trend in the Asia Pacific halal cosmetics market. Growing preference of Muslim consumers towards ethically sourced and religiously permissible products has boosted the sales of halal certified cosmetics. Rising demand for organic and natural ingredients in personal care items has also augmented the growth of halal cosmetics market. Halal cosmetic brands are increasingly employing plant-based ingredients in their formulations to cater to health-conscious demographic. Moreover, rising disposable income of Muslim population has further propelled the demand for premium halal certified cosmetic brands. Surging online retailing of personal care products has created new growth avenues for halal cosmetic vendors across the region.

Porter's Analysis

Threat of new entrants: The threat of new entrants in the Asia Pacific halal cosmetic market is moderate as producing cosmetic products require high initial investment and extensive R&D. Also, existing players have strong brand recognition.

Bargaining power of buyers: The bargaining power of buyers is high due to the presence of various customized product offerings catering to the needs of different consumer segments in the market.

Bargaining power of suppliers: The bargaining power of suppliers is moderate owing to the availability of alternative raw material suppliers in the market.

Threat of new substitutes: The threat of substitutes is low as there are no direct substitutes for halal cosmetic products.

Competitive rivalry: The competitive rivalry is high among the existing players to increase their market share in the Asia Pacific halal cosmetic market.

Key Takeaways

The Global Asia Pacific Halal Cosmetic Market Size is expected to witness high growth. The global Asia Pacific Halal Cosmetic Market is estimated to be valued at US$ 3.59 Mn in 2024 and is expected to exhibit a CAGR of 8.0% over the forecast period 2024 to 2031.

Regional analysis related content comprises The Asia Pacific region dominates the halal cosmetic market and is expected to continue its dominance over the forecast period. This is attributed to factors such as the increasing awareness regarding halal certified products and growing Muslim population in countries like Indonesia, Malaysia and others in the region.

Key players related content comprises Key players operating in the Asia Pacific halal cosmetic market are Wardah Cosmetics, Iba Halal Care, Amara Halal Cosmetics, Inika, OnePure, etc. Wardah Cosmetics is one of the leading halal cosmetic brands in Indonesia. Iba Halal Care is a Malaysian halal skincare brand. Amara Halal Cosmetics offers halal certified makeup, skincare and personal care products mostly for Muslim consumers.

For more Insights, Read –

https://www.marketwebjournal.com/asia-pacific-halal-cosmetic-market-market-size-share-analysis-growth/

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ashwini bakhade

The Asia Pacific Halal Cosmetic Market Is Estimated To Witness High Growth Owing To Growing Muslim Population

Poonam 2023-11-07

The Asia Pacific halal cosmetic market is estimated to be valued at US$ 3. The growing Muslim population across the Asia Pacific region has increased the demand for halal certified personal care and beauty products. Human: Here is the SWOT Analysis and Key Takeaways section for the given Asia Pacific Halal Cosmetic Market details: SWOT Analysis Strength: Asia Pacific halal cosmetic market has a large target base of over 1. The Asia Pacific halal cosmetic market size for 2023 is US$ 3. Regional analysis - Indonesia holds the dominating position in the Asia Pacific halal cosmetic market, accounting for over 35% share in 2023.

South East Asia Halal Skincare Market is driven by Rising Demand for Personal Care Products with No Alcohol or Animal Ingredients

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South East Asia Halal Skincare Market Growth Accelerated by Rising Consumer Demand in Urban Areas

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The demand for halal skincare products is increasing in South East Asian countries with a significant Muslim population like Malaysia and Indonesia due to strong adherence to religious beliefs. Consumers in urban areas are increasingly opting for halal certified personal care products to maintain both physical and spiritual purity. The South East Asia Halal Skincare Market is estimated to be valued at US$ 3. Segment AnalysisThe South East Asia halal skincare market is dominated by facial care segment which holds around 40% share of the overall market. Regional analysis: The ASEAN countries in South East Asia like Malaysia, Indonesia and Brunei are emerging as the fastest growing markets for halal skincare products.

The South East Asia Halal Skincare Market is Expected to Witness High Growth owing to Growing Muslim Population in the Region

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The South East Asia halal skincare market comprises face care, body care, and hair care products that comply with Islamic dietary and hygiene standards. Key Takeaways Key players operating in the South East Asia halal skincare market are Natron Energy Inc. Impact of COVID-19 on South East Asia Halal Skincare Market GrowthThe COVID-19 pandemic severely impacted the South East Asia halal skincare market in the initial months. Europe accounts for the largest share of the South East Asia halal skincare market in terms of value. On the other hand, South Asia region is emerging as the fastest growing market for halal skincare products.

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South East Asia Halal Skincare Market Professional Survey Research Forecast Report 2022-2028

Roger 2023-04-17

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. The halal skincare market in South East Asia is expected to reach USD 2. Major players in the South East Asia halal skincare market include brands such as Wardah, Safi, SimplySiti, and Clara International. 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. com/market-insight/south-east-asia-halal-skincare-market-5124 About Coherent Market InsightsCoherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services.

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