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Saudi Arabia Halal Cosmetics Market Forecast and Opportunities, 2020

  • Date Submitted: 04/12/2016 11:07 PM
  • Flesch-Kincaid Score: 19.8 
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13 Apr, 2016, Navi Mumbai, India: Marketreportsonsaudiarabia.com presents a new report on “Saudi Arabia Halal Cosmetics Market Forecast and Opportunities, 2020” In addition, growing health concerns due to harmful effects of ingredients used in manufacturing cosmetics is increasing demand for halal cosmetics, not only among Muslims but also non-Muslim population in the country.

http://www.marketreportsonsaudiarabia.com/consumer-goods-market-research-reports-3097/saudi-arabia-halal-cosmetics.html

Halal cosmetics are skin and body care products which are free from materials forbidden by the Islamic Law. Therefore, blood from any animal, pork and pork products as well as alcoholic constituents are not incorporated in manufacturing of these cosmetics. With increasing availability of halal cosmetics, Islamic population in Saudi Arabia is gradually shifting to cosmetic products free from materials prohibited under the Islamic Law. In addition, growing health concerns due to harmful effects of ingredients used in manufacturing cosmetics is increasing demand for halal cosmetics, not only among Muslims but also non-Muslim population in the country. Moreover, increasing preference for halal cosmetics is leading to a change in business strategy of the local as well as international companies operating in the market. Companies are focusing on accommodating the growing preference for halal cosmetics products in the country.

According to “Saudi Arabia Halal Cosmetics Market Forecast & Opportunities, 2020”, the halal cosmetics market in Saudi Arabia is projected to grow at a CAGR of over 15% during 2015 - 2020, due to growing accessibility of these products, rising consumer awareness regarding the benefits of using halal cosmetics, coupled with increasing willingness amongst consumers to pay more for high quality halal cosmetics. Additionally, religious preference for halal products in Saudi Arabia, which is predominantly a Muslim populated country, is another factor...

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