The rising trend of natural and personalized products coupled with a young consumer base in the Middle East region is the crucial factor boosting the Halal Cosmetic market growth. Rising interest in halal beauty products also contributes to the market.
According to a new study by MarkNtel Advisors, the Middle East Halal Cosmetics Market is expected to grow at a CAGR of more than 10% through the forecast years (2021-26). As approx. 85% of the Middle East population are Muslim, halal cosmetic products have gained massive popularity among consumers.
Further, mounting awareness among the Muslim populace regarding their religious obligations entwined with socioeconomic factors and cultural proximity in the Middle East shall also contribute to the soaring demand for halal cosmetic products in the region during 2021-26, further states the research report, “Middle East Halal Cosmetics Market Analysis, 2021.”
Increasing Popularity of Color Cosmetics in the Middle East Halal Cosmetics Market During 2021-26
The key ingredients in conventional color cosmetics are animal fat and alcohol, which are not allowed for use among the Muslim population. Therefore, the demand for halal color cosmetics is increasing rapidly in the Middle East region consisting of countries with the maximum Muslim population. Additionally, the mounting interest of young Muslims toward the latest make-up trends that adhere to their religious beliefs is another crucial factor that would boost the demand for halal color cosmetics in the years to come.
“Middle East Halal Cosmetics Market Analysis, 2021” highlights insights on the market potential & opportunities, along with business strategies to enhance the overall market growth. The report offers an overview of leading market players and their recent developments. Moreover, the report provides incredible market opportunities & emerging trends to help stakeholders make appropriate decisions before investing.
Saudi Arabia Claimed the Largest Share of Middle East Halal Cosmetics Market
Saudi Arabia is primarily a Muslim-populated country, and that’s why there’s a burgeoning preference for halal cosmetic products in the country, owing to their growing accessibility and surging awareness regarding their benefits.
Halal cosmetic products are free from materials forbidden by Islamic Law. Therefore, animal, pork, and alcoholic constituents are not incorporated while manufacturing these products. With the increasing availability of halal cosmetics in the country, people are gradually shifting to cosmetic products free from the prohibited materials. Additionally, the booming health concerns due to the harmful effects of ingredients used in conventional cosmetic products further surged the demand for halal cosmetic products in Saudi Arabia.
According to MarkNtel Advisors, the leading industry players in the Middle East Halal Cosmetics Market are ATURA Bissé, SHIFFA, LUSH MENA, FARSALI, GREEN BAR, CHOBS, NAIL BERRY, and HALAL.
Key Questions Answered in the Study