Asia-Pacific is projected to dominate the halal cosmetic market during the forecast period. The region is home to about 62.1% of the world’s Muslim population. Increasing purchasing power and changing lifestyles is driving the demand for better personal care and hygiene products, further accelerating the market growth. Malaysia, Indonesia, India, Pakistan, and China are at the forefront of the halal cosmetics market in Asia-Pacific.
Impact of COVID-19
The pandemic has severely impacted the global economy and disrupted the supply chain. It has influenced consumer spending behavior and purchasing decision, which has compelled the manufactures in the industry to reshape their business models. The makeup and fragrance products are witnessing a significant decline in the demand, whereas the hygiene and skincare products are witnessing an increase in the demand. T rising demand for sanitizing products is providing lucrative growth opportunities to the players in the cosmetic market to expand their business portfolio, further driving the market growth.
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Halal Cosmetics Market: Key Players
Halal Cosmetics Market Segmentation
By Distribution Channel
Central and South America and the Caribbean
The Middle East
" Crucial Insights The Report Provides:"
* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
* Target Partners
* Customized Geographical Data Based on Customers as well as Competitors
* Analysis of Market Size and CAGR between the Forecast PeriodsView Full Report Buy This Report Now