Over the past few year, factors such as The Rising Trend In the Demand for Organic and Vegan Cosmetics
have contributed to the development of the Global Halal Cosmetics market.
Undoubtedly, The Rising Demand from the End-Users
is the most promising market promoter, bringing direct and indirect economic benefits to the market sizing. The Global Halal Cosmetics market is expected to make a significant contribution
AMA research has engaged in the competitive assessment of China & Global Halal Cosmetics Vendors for 5 years. The Top 10 Competitive Vendors in the Halal Cosmetics in 2023 clearly displays the competitive situations of main Halal Cosmetics Vendorsin 2023. The research shows that companies in top 10 list are divided up by dominating countries, namely, United States occupying half of the list showcasing strong market competitive advantage.
The Distribution Channel, such as Online [E-commerce platform], is boosting the Halal Cosmetics market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The End-Users, such as Men, is boosting the Halal Cosmetics market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
With the multiple advantages of technology, cost and service, many major Vendors such as Amara cosmetics (United States), Pure Halal Cosmetics (United Kingdom), SAAF Cosmetics (United Kingdom), Sampure Minerals (United Kingdom), Inika Cosmetics (Australia), Martha Tilar Group (Indonesia), One Pure (United States), Ivy Beauty (Malaysia), The Halal Cosmetics company (United Kingdom), Clara International (Malaysia), MMA bio lab (India) and Brazilian Cosmeticos (Brazil) developed rapidly. They kept leading domestic market and on the other way actively developing international market and seizing market share, becoming the backbone of Global Halal Cosmetics industry.This framework should serve as a basic structure to support the strategic decision-making process for industry players. For instance, the question of whether a Vendors wants to expand into other areas of the market value chain fundamentally determines its strategy.
For Indonesia, to meet the growing demand for halal cosmetics, companies entering the Indonesian market will have to comply with Indonesian law no. 33/2014. and For Malaysia, the countries that wish to enter the Malaysian market have to present a halal certificate from a recognized Foreign Halal Certification Body (FCB) to JAKIM for verification. The list of valid FHCB is available on the website of JAKIM. Halal certificates issued by JAKIM are valid for two years and have to be reviewed again once they expire.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Halal Cosmetics market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.
Data Triangulation The overall Halal Cosmetics market size is calculated using market estimation process, the Halal Cosmetics market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Halal Cosmetics market size has been validated using both top-down and bottom-up approaches.