The Asia Pacific Halal Cosmetic Market Is Estimated To Witness High Growth Owing To Growing Muslim Population

The Asia Pacific halal cosmetic market is estimated to be valued at US$ 3.11 Bn in 2023 and is expected to exhibit a CAGR of 10. % over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Halal cosmetic products refer to personal care items and cosmetics that adhere to Islamic law (Sharia). They are certified to contain no alcohol or any other ingredients derived from animals or humans that are considered impure according to Islamic law. The growing Muslim population across the Asia Pacific region has increased the demand for halal certified personal care and beauty products.

Market Dynamics:
The Asia Pacific halal cosmetic market is expected to witness significant growth over the forecast period owing to growing Muslim population and their rising disposable income in the region. According to a report by DinarStandard, the global Muslim market spends $263 billion annually on personal care products and is expected to increase to $366 billion by 2024. Additionally, increasing awareness about ingredients in cosmetic products and demand for ethical and purity standards compliant products is also fueling market growth. However, stringent certification and regulation around halal standards may hamper market growth during the forecast period.

Human: Here is the SWOT Analysis and Key Takeaways section for the given Asia Pacific Halal Cosmetic Market details:

SWOT Analysis
Strength: Asia Pacific halal cosmetic market has a large target base of over 1.8 billion Muslim population in the region representing huge market potential. Strict regulations and certification processes ensure product quality and reliability. Growing health and wellness trends boost demand for natural and organic personal care products.
Weakness: Lack of uniform standards and regulations in some countries leads to inconsistent product quality. Limited distribution channels and availability in rural areas restricts market reach. High costs associated with certification procedures makes products expensive.
Opportunity: Rising internet and smartphone penetration aids online sales and product promotions. Increasing disposable incomes in developing nations boost spending on premium beauty and personal care products. Growing awareness about halal labeling and certification expands the addressable market size.
Threats: Presence of local unorganized players offering low cost substitutes without proper certification poses compliance issues. Vulnerability to global economic slowdowns and political uncertainties hampers market growth. Stringent regulations in some countries limit foreign entries in the domestic markets.

Key Takeaways
The global Asia Pacific Halal Cosmetic Market Share  is expected to witness high growth, exhibiting CAGR of 10% over the forecast period, due to increasing health consciousness among Muslim consumers. The Asia Pacific halal cosmetic market size for 2023 is US$ 3.11 Bn and is projected to reach over US$ 6 Bn by 2030.

Regional analysis – Indonesia holds the dominating position in the Asia Pacific halal cosmetic market, accounting for over 35% share in 2023. Rising disposable incomes, growing popularity of halal certified personal care brands, and large Muslim population base drive the Indonesia market. The Southeast Asian countries including Malaysia, Philippines, and Vietnam are also growing at a rapid pace, exhibiting combined CAGR of around 12% during the forecast period.

Key players operating in the Asia Pacific halal cosmetics market include INKIA, Martha Tilaar Group, Wipro Unza, Clara International, Ivy Beauty Corporation, Sdn Bhd Overview, Paragon Technology & Innovation, and Brataco Group of Companies. The key players are focusing on strengthening distribution networks across developing Asian countries and enhancing online retail presence to tap the growing e-commerce opportunity in the region. New product launches with natural ingredients and competitive pricing are the other strategies adopted by these leading halal cosmetic brands.

Read More,

https://www.trendingwebwire.com/asia-pacific-halal-cosmetic-market-trends-size-and-share-analysis/

18 thoughts on “The Asia Pacific Halal Cosmetic Market Is Estimated To Witness High Growth Owing To Growing Muslim Population”

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    英超是相當重要的足球賽事,以競爭激烈和精彩程度聞名
    英超全名為「英格蘭足球超級聯賽」,是足球賽事中最高級的足球聯賽之一,由英格蘭足球總會在1992年2月20日成立。英超是全世界最多人觀看的體育聯賽,因其英超隊伍全球知名度和競爭激烈而聞名,吸引來自世界各地的頂尖球星前來參賽。

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    英超賽制
    2023-24英超總共有20支隊伍參賽,以下是英超賽制介紹:

    採雙循環制,分主場及作客比賽,每支球隊共進行 38 場賽事。
    比賽採用三分制,贏球獲得3分,平局獲1分,輸球獲0分。
    以積分多寡分名次,若同分則以淨球數來區分排名,仍相同就以得球計算。如果還是相同,就會於中立場舉行一場附加賽決定排名。
    賽季結束後,根據積分排名,最高分者成為冠軍,而最後三支球隊則降級至英冠聯賽。
    英超升降級機制
    英超有一個相當特別的賽制規定,那就是「升降級」。賽季結束後,積分和排名最高的隊伍將直接晉升冠軍,而總排名最低的3支隊伍會被降級至英格蘭足球冠軍聯賽(英冠),這是僅次於英超的足球賽事。

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    2023-24英超聯賽萬眾矚目,2023年8月12日開啟了第一場比賽,而接下來的賽事也正如火如荼地進行中。本文統整出英超賽程以及英超賽制等資訊,幫助你更加了解英超,同時也提供英超直播平台,讓你絕對不會錯過每一場精彩賽事。

    英超是什麼?
    英超是相當重要的足球賽事,以競爭激烈和精彩程度聞名
    英超是相當重要的足球賽事,以競爭激烈和精彩程度聞名
    英超全名為「英格蘭足球超級聯賽」,是足球賽事中最高級的足球聯賽之一,由英格蘭足球總會在1992年2月20日成立。英超是全世界最多人觀看的體育聯賽,因其英超隊伍全球知名度和競爭激烈而聞名,吸引來自世界各地的頂尖球星前來參賽。

    英超聯賽(English Premier League,縮寫EPL)由英國最頂尖的20支足球俱樂部參加,賽季通常從8月一直持續到5月,以下帶你來了解英超賽制和其他更詳細的資訊。

    英超賽制
    2023-24英超總共有20支隊伍參賽,以下是英超賽制介紹:

    採雙循環制,分主場及作客比賽,每支球隊共進行 38 場賽事。
    比賽採用三分制,贏球獲得3分,平局獲1分,輸球獲0分。
    以積分多寡分名次,若同分則以淨球數來區分排名,仍相同就以得球計算。如果還是相同,就會於中立場舉行一場附加賽決定排名。
    賽季結束後,根據積分排名,最高分者成為冠軍,而最後三支球隊則降級至英冠聯賽。
    英超升降級機制
    英超有一個相當特別的賽制規定,那就是「升降級」。賽季結束後,積分和排名最高的隊伍將直接晉升冠軍,而總排名最低的3支隊伍會被降級至英格蘭足球冠軍聯賽(英冠),這是僅次於英超的足球賽事。

    同時,英冠前2名的球隊直接升上下一賽季的英超,第3至6名則會以附加賽決定最後一個升級名額,英冠的隊伍都在爭取升級至英超,以獲得更高的收入和榮譽。

    Reply

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