Happi Staff07.11.20
Driven by a growing Muslim population and consumer demands for third-party certifications, sales of Halal-certified cosmetics will grow 7.4% a year through 2024, according to a new study by Technavio. The study identifies emerging demand for halal personal care and grooming products among men as one of the prime reasons driving the halal cosmetics and personal care market growth during the next few years.
According to Technavio, the market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Some of the major players in the category include Amara Halal Cosmetics, Clara International Beauty Group, Ivy Beauty Corp., Prolab Cosmetics, PT Martina Berto TBK, PT Paragon Technology and Innovation, Saaf Skincare, Talent Cosmetics Co. Ltd., Total Beauty Network Pty Ltd. and Wipro Enterprises Pvt. Ltd.
According to Technavio, the market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Some of the major players in the category include Amara Halal Cosmetics, Clara International Beauty Group, Ivy Beauty Corp., Prolab Cosmetics, PT Martina Berto TBK, PT Paragon Technology and Innovation, Saaf Skincare, Talent Cosmetics Co. Ltd., Total Beauty Network Pty Ltd. and Wipro Enterprises Pvt. Ltd.
