(Jeddah-NewsHalal, Rabi`I 22, 1437, January 2, 2015) Saudi Arabia, the largest market in the middle east is rapidly showing development in Halal sector.
According to TechSci Research report “Saudi Arabia Halal Cosmetics Market Forecast & Opportunities, 2020”, halal cosmetics market in Saudi Arabia is projected to grow at a CAGR of over 15% during 2015 – 2020.
What “Halal Cosmetics” really means: “Halal” refers to what is permitted or lawful in Islam, and it’s most often used in reference to food when it is slaughtered and/or prepared in a way that adheres to the Islamic law, the Shariah.
Halal makeup and cosmetics, though, is a newer phenomenon, with smaller companies starting to identify their products as adhering to Islamic law. But a fastest growing Halal awareness among Muslims around the world making Muslim consumers more aware about the Halal status of products and services they are consuming or using.
Halal Cosmetics generally means the product or makeup is produced without any pork ingredients, like pig fat, which is used in products like lipsticks. Religious preference for halal products in Saudi Arabia is the primary driver of Halal cosmetics market in the kingdom.
Additionally, growing health concerns from harmful effects of cosmetics manufactured using dead animals is boosting demand for Halal cosmetics among non-Muslim population as well. Inika, One Pure, LLC, FX Cosmetics, Clara International Beauty Group and Samina Pure Minerals Makeup Ltd are few of the leading players operating in Saudi Arabia Halal cosmetics market.
“Saudi Arabia is an attractive market for halal cosmetics due to the presence of affluent customer base in the kingdom. In order to capture the growing demand for Halal cosmetics in Saudi Arabia, major global players have expanded their presence in the kingdom through online marketing and sales of products.
“Saudi Arabia Halal Cosmetics Market Forecast & Opportunities, 2020 ” has analyzed the potential of the halal cosmetics market and provides statistics and information on market sizes, shares and trends.
The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the halal cosmetic players in Saudi Arabia.