A recent research study published by MarkNtel Advisors cites that the Middle East Halal Cosmetics Market is set to record around 10% CAGR during 2021-2026. The major growth factors, challenges, opportunities, restraints, market trends, competitive landscape are all discussed extensively in the report as per the following:
Historical Period: 2016-2019
Base Year: 2020
Forecast Years: 2021-26
Units: USD Million/Billion
The study also comprises the recent developments by the leading players operating in the market, their product portfolio, growth strategies, geographical presence, financial situation. Both primary secondary research methods have been used to attain precise thorough information. The major restraints that may pose risks to the market expansion in the forecast years are also covered in the report. Moreover, it also offers useful insights on the untapped opportunities and challenges, along with some noteworthy recommendations to help companies prepare for unforeseen situations that may arise in the future. Here are some key inclusions of the report:
-Market size, share, segmentation, with prominent growth factors opportunities.
-Geographical statistics of the Market.
-Covid-19 impact analysis of the market.
-Innovations, policies, regulations, product service standards in the market.
-Key strategies adopted by the leading players in the Middle East Halal Cosmetics Market.
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Segmentation Analysis:
This part of the study comprises a thorough analysis of the size volume of the Middle East Halal Cosmetics Market based on the segments sub-segments cited below to help our readers identify the key aspects attributing to the industry’s growth across these segments and enrich their end-user positioning, targeting, revenue.
Bifurcation, By Type
-Color Cosmetics
--Face
--Eyes
--Lips
--Nails
-Personal Care
--Hair Care
--Skin Care
--Fragrances
Bifurcation, By Distribution Channel
-Online
-Supermarket/Hypermarket
-Others (Pharmacy, etc)
Bifurcation, By Gender
-Male
-Female
Bifurcation, By Country
-Saudi Arabia
-Oman
-Bahrain
-Kuwait
-UAE
-Qatar
-Turkey
-Egypt
Here, Saudi Arabia acquired the majority chunk of the Middle East Halal Cosmetics Market and is projected to witness substantial growth in the coming five years. Due to a shift in socio-cultural norms, wearing make-up is becoming more acceptable in Saudi Arabia. The strong religious beliefs are boosting the demand for halal-certified products and have made the country an attractive market for cosmetic manufacturers to introduce new products.
Moreover, the significant rise in social media users has also positively influenced the overall market growth. The highly influencing bloggers among the Gen-Z populace further encourage the demand for cosmetics among both Muslim non-Muslim populations. Since Muslims encompass the majority part of the Saudi Arabia population, manufacturers have started introducing cosmetics that are halal certified Shariah-compliant.
The mounting awareness among the Muslim community about porcine-based substances used in personal care products their rising preference for cruelty-free cosmetics is likely to positively affect the market growth across the region in the coming years. Besides, growing environmental concerns have led to the emergence of veganism, which, in turn, would alter future trends in the halal cosmetics market across Saudi Arabia.
Further, the increasing spending on cosmetics due to the surge in the working populace and soaring collaborations between halal cosmetic companies retailers is another crucial factor likely to drive the halal cosmetics market in Saudi Arabia through 2026.
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Competitive Landscape:
This section involves a competitive analysis of the key companies participating in the Middle East Halal Cosmetics Market mentioned below, with insights like the company overview, financials, RD investments, market share, key strategies adopted, strengths weaknesses, product/service launch, etc. All insights mentioned in this section are gathered after thoroughly analyzing the leading companies operating in the industry, as well as the small medium-sized enterprises that play crucial roles and have potential growth.
-ATURA Bissé
-SHIFFA
-LUSH MENA
-FARSALI
-GREEN BAR
-CHOBS
-NAIL BERRY
-HALAL
-Others
Key Questions Addressed in the Market Report:
-What is the forecasted size, share, CAGR of the Middle East Halal Cosmetics Market in the forecast period?
-What are the key trends projected to affect the Middle East Halal Cosmetics Market during 2021-2026?
-What is the estimated demand for different types of products/services in the Middle East Halal Cosmetics Market?
-What would be impact of strategic developments on the Middle East Halal Cosmetics Market in the mid to long-term?
-Who are the key stakeholders and players participating in the Middle East Halal Cosmetics Market?
-What are the different segments sub-segments considered in the Middle East Halal Cosmetics Market research study?
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