Growing consciousness among the consumers regarding the usage of ingredients in cosmetic products are resulting to the increase in halal cosmetics products. Government had identified halal cosmetics as certified halal by the Islamic Religious Department in Malaysia without the use of animal fat, gelatin or other chemicals. Halal cosmetics are known to be safe for Muslim as well as the non-Muslim consumers in terms of process, nature of the products and the knowledge of the ingredients used. Health hazards such as cancer and other distortions associated with the cosmetic products containing nano-particle ingredient resulted to a shift in consumer preference towards halal cosmetics products.
The global halal cosmetic products market has been segmented into different product types into skin care products, hair care products, make up products and others. Hair care products segment is expected to grow at a rapid rate in terms of revenue as compared to the other type of products. Skin care segment and make up products are expected to lead the market during the forecast period..The rise in demand for halal cosmetics is manly prejudiced by the halal logos.
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Manufacturers of halal cosmetic products are engaged upon continuous research and development in order to develop new products and conducts regular survey in order to know the customers concerns towards halal cosmetics. Increasing number of Muslim population and preference towards consumption of beauty products is considered to be a major driver for the global halal cosmetics market.
However lack of knowledge regarding the halal cosmetics among the consumers leading to lower adoption rate is holding back the market for hala cosmetic products. Monopoly of the non-Muslim companies and government’s stringent rules and regulations are restraining the global halal cosmetics products market.
Additionally, South Asian halal cosmetics market are generating opportunities due to the presence of large Muslim population and high awareness regarding the halal cosmetic products. Growing number of women working population are generating business opportunity for more investment in the halal cosmetic industry.
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