DUBLIN, December 08, 2021--(BUSINESS WIRE)--The "GCC Halal Cosmetics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The GCC halal cosmetics market grew at a CAGR of around 14% during 2015-2020. Looking forward, the market is expected to continue its strong growth during 2021-2026.
Keeping in mind the uncertainties of COVID-19, the report continuously tracks and evaluates the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Halal cosmetics refer to the beauty products manufactured by using specific ingredients that are permissible according to Islamic Sharia law. They include a wide range of color cosmetics, fragrances, skincare, haircare, and body care products. Halal cosmetics are free from components that are forbidden for Muslims to consume, including alcohol and animal-derived ingredients.
In the GCC region, the wide presence of the Muslim population along with the increasing compliance of halal certification is currently augmenting the demand for halal cosmetics. Additionally, the rising health concerns towards the high prevalence of various skin disorders due to synthetic and alcohol-based cosmetic ingredients are also bolstering the market growth. Apart from this, the market is also driven by the rising working women population in the region, thereby catalyzing the purchase of high-quality and premium halal cosmetics.
Moreover, several foreign brands are introducing halal cosmetics into their product portfolios to cater to the specific needs and preferences of the consumers in the GCC region. Additionally, the emergence of e-commerce platforms that offer diverse product options, door-step delivery, secured payment gateways, etc., are also expected to drive the market for halal cosmetics across the region.
Key Market Segmentation:
The report provides an analysis of the key trends in each sub-segment of the GCC halal cosmetics market, along with forecasts at the region level from 2021-2026. The report has categorized the market based on region, product type and distribution channel.
Breakup by Product Type:
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Breakup by Country:
The competitive landscape of the industry has also been examined with some of the key players being Amara Halal Cosmetics, Clara International Beauty Group, Iba Cosmetics, Lush, OnePure LLC, PHB Ethical Beauty Ltd., Sampure Minerals and The Halal Cosmetics Company.
Key Questions Answered in This Report:
How has the GCC halal cosmetics market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the GCC halal cosmetics market?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the GCC halal cosmetics market and who are the key players?
What is the degree of competition in the industry?
Amara Halal Cosmetics
Clara International Beauty Group
PHB Ethical Beauty Ltd.
The Halal Cosmetics Company.
For more information about this report visit https://www.researchandmarkets.com/r/faawhu
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211208005469/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900