The APAC region is gaining a significant market share due to countries like Malaysia, Indonesia, and Thailand emerging as Halal production and consumption hubs.
These countries are also conducting various marketing promotions and strategies, which is increasing the demand for and consumption of Halal cosmetics and personal care products in these countries.
According to the latest research by London-based global research firm Technavio, the growing Muslim population in APAC is contributing to the growth of the Global Halal Cosmetics and Personal Care Market, as per its latest research report on Global Halal Cosmetics and Personal Care Market (2014-2018).
On the rise
The report suggests that this increased awareness of the benefits offered by Halal cosmetics is also fueling the growth of the market in countries where the Muslim population is in a minority, such as France, the UK, Germany, and Russia.
Halal cosmetics and personal care products are safer than other chemically manufactured cosmetics, as Islamic law prohibits the use of ingredients and chemicals that affect the human skin.
This is one of the primary reasons for the high demand in Europe, as an increasing number of consumers are concerned about the purity, safety, and organic nature of cosmetic products.
The increasing Muslim population in Canada and Mexico and in Latin American countries such as Argentina, Brazil, and Uruguay is also propelling the demand for Halal cosmetics and personal care products, as the need for healthy and hygienic cosmetic and healthcare products increases.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have compiled their report and conducted in-depth analysis of the impact of market drivers, challenges and trends.