ASIA PACIFIC HALAL COSMETIC MARKET ANALYSIS

Halal cosmetics are cosmetics that are free from products that are forbidden by the Islamic religion. Halal cosmetics are considered one of the most important innovations for the Muslim population. These products are gaining huge demand, especially across Muslim regions such as the UAE, Indonesia, Malaysia, Saudi Arabia, and Turkey, as these products are safe for Muslims as well as non-Muslim consumers. Moreover, halal cosmetics are segmented into skincare, color cosmetics, hair care, and fragrance products.

 Market Dynamics

Asia Pacific halal cosmetics market has witnessed significant growth in recent past years, owing to the growing demand for products from the Muslim population in this region. Based on type, the Asia Pacific halal cosmetic market is bifurcated into skincare, color cosmetic, hair care, and fragrances. Among these segments, the color cosmetic segment dominated the Asia Pacific halal cosmetic market in 2022, owing to the growing demand for personal care products such as nail care, face care, eye care, and lip care from consumers. This factor is estimated to drive the growth of the Asia Pacific halal cosmetic market during the forecast period. 

Furthermore, the Southeast Asia region dominated the Asia Pacific halal cosmetic market in 2022, owing to the growing halal cosmetic market coupled with the growing Muslim population in this region. As a result, this scenario is estimated to foster the growth of the Asia Pacific halal cosmetic market during the forecast timeframe.

Key features of the study:

• This report provides in-depth analysis of the Asia Pacific halal cosmetic market, market size (US$ Billion), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2023–2030).
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, halal cosmetic products, regional outlook, and competitive strategy adopted by the leading players.
• Key companies covered as a part of this study include INKIA, Martha Tilaar Group, Wipro Unza, Clara International, Ivy Beauty Corporation, Sdn Bhd Overview, Paragon Technology & Innovation, and Brataco Group of Companies.
• It profiles leading players in the Asia Pacific halal cosmetic market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics.
• The Asia Pacific halal cosmetic market report caters to various stakeholders in this industry, including investors, product developers, distributors, halal cosmetic product companies, research institutes, new entrants, and financial analysts.
• Stakeholders would greatly benefit in decision-making through the various strategy matrices used in analyzing the Asia Pacific halal cosmetic market.

Detailed Segmentation:

• Asia Pacific Halal Cosmetics Market, By Type:
  • Skin Care
  • Color Cosmetics
    • Lip Care
    • Eye Care
    • Nail care
    • Face Care
  • Hair care
  • Fragrances
• Asia Pacific Halal Cosmetics Market, By Region:
  • Southeast Asia
  • East Asia
  • South Asia
  • Oceania
• Company Profiles
  • INKIA Martha Tilaar Group
  • Wipro Unza
  • Clara International
  • Ivy Beauty Corporation
  • Sdn Bhd Overview
  • Paragon Technology & Innovation
  • Brataco Group of Companies