In 2022, the global for Halal Ingredients for Skin Care Market reached a size of USD 55.29 billion, and it is projected to experience a compound annual growth rate (CAGR) of 6.2% throughout the forecast period. The increasing demand for halal-based cosmetics is a significant driver behind the growth in market revenue. Research indicates that by 2050, the global Muslim population is expected to exceed 2.6 billion, leading to a substantial increase in the consumption of halal-certified products and ingredients. The younger generation's growing interest in beauty has contributed to a rise in spending on halal cosmetics. Additionally, various prominent consumer organizations worldwide are developing halal face creams and shampoos specifically for the Indonesian market, aligning with updated halal certifications. This initiative aims to cater to the growing Muslim population in the region, as sales in many Western markets show signs of decline.
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Top Companies Operating in the Global Halal Ingredients for Skin Care Market Report:
Tesco.com, ADM, Dow, Kerry Group plc., Solvay S.A., Barentz, Cargill Incorporated, BASF SE, Symrise, and Halagel (M) Sdn. Bhd
Drivers of Halal Ingredients for Skin Care Market
- Increasing Muslim Population: The growing global Muslim population is a significant driver for the Halal Ingredients for Skin Care Market. As the number of Muslims increases, there is a higher demand for halal-certified products and ingredients in various industries such as food, pharmaceuticals, and cosmetics.
- Health and Safety Considerations: Halal ingredients are often associated with higher quality and safety standards. Consumers, both Muslims and non-Muslims, are increasingly opting for halal-certified products due to their perceived cleanliness, hygiene, and stringent quality control measures.
- Government Support and Regulations: Many governments around the world, particularly in Muslim-majority countries, have implemented regulations and standards to support the halal industry. These regulations ensure the authenticity and integrity of halal ingredients, boosting consumer confidence and facilitating market growth.
To assist readers in making profitable business decisions, the report is written with the help of industry analysts, market segmentation, and data collection. In addition to providing a comprehensive database of technological and product advances, the report provides detailed information on growth rates, market values, as well as niche market segments.
The global Halal Ingredients for Skin Care Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Further market segmentation
Ingredient Type Outlook (Revenue, USD Million; 2019-2032)
- Ingredient for F B Industry
- Flavors
- Hydrocolloids
- Starches
- Sweeteners
- Acidulants
- Emulsifiers
- Enzymes
- Antioxidants
- Others
- Ingredient for Pharmaceutical Industry
- Active Pharma Ingredients
- Excipients
- Ingredient for Cosmetic Industry
- Specialty Additives
- Active Ingredients
- Others
Application Outlook (Revenue, USD Million; 2019-2032)
- Food Beverage
- Convenience Food Products
- Bakery Products
- Beverage Products
- Meat Poultry Products
- Confectionary Products
- Others
- Cosmetics
- Skin Care
- Hair Care
- Make-Up
- Fragrance
- Others
- Pharmaceuticals
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