Global halal cosmetics and personal care market forecast to grow at CAGR of 13.4% during 2013-2018 period amid increase in Muslim population, according to report
April 24, 2014
– Research and Markets has announced the addition of the "Global Halal Cosmetics and Personal Care Market 2014-2018" report to their offering.
The analysts forecast the Global Halal Cosmetics and Personal Care market to grow at a CAGR of 13.43 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increase in the Muslim population. The Global Halal Cosmetics and Personal Care market has also been witnessing the growth potential in non-Muslim countries. However, the lack of halal certification by an authentic body could pose a challenge to the growth of this market.
The report, the Global Halal Cosmetics and Personal Care Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC region, the MEA region, Europe and the Americas; it also covers the Global Halal Cosmetics and Personal Care market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The rapid growth in non-Muslim countries offers huge potential for the Global Halal Cosmetics and Personal Care market. Though Halal cosmetics witness huge demand in regions populated by Muslims, a significant contribution is being witnessed from the non-Muslim economies.
Currently, Halal cosmetics and personal care products are widely accepted by other communities as they are considered safe, of high quality, and to have been prepared using hygienic procedures. Moreover, the integrity of the cosmetics is maintained during the production process. Hence, there is huge potential for the global market to grow during the forecast period because of the increased acceptance of and demand for the products in the developed non-Muslim countries.
According to the report, one of the major drivers in the market is the growing Muslim population. This increase in the Muslim population has increased the consumption of these products as Muslims are the potential and primary consumers of the products. The major consumers of these products are the APAC region and the MEA region as these are the densely-populated Muslim regions.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Global Cosmetics Market
08. Global Halal Cosmetics and Personal Care Market
09. Geographical Segmentation
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
18. Key Vendor Analysis
19. Other Reports in this Series
Amara Cosmetics Inc.
IMED Lab Sdn Bhd
Martha Tilaar Group.
For more information visit http://www.researchandmarkets.com/research/hhxbhh/global_halal