Halal skincare products are beauty products that are manufactured based on Islamic dietary standards and restrictions. These products contain ingredients that are permissible according to Islamic law and are free from any animal-derived, alcohol-based, or chemically-altered compounds. The demand for halal skincare products is increasing in South East Asian countries with a significant Muslim population like Malaysia and Indonesia due to strong adherence to religious beliefs. Consumers in urban areas are increasingly opting for halal certified personal care products to maintain both physical and spiritual purity. The South East Asia Halal Skincare Market is estimated to be valued at US$ 3.2 Billion in 2023 and is expected to exhibit a CAGR of 6.5% over the forecast period 2023-2028, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The rising consumer demand in urban areas is one of the key trends driving the growth of the South East Asia Halal Skincare Market Size. With improving economic conditions and rapid urbanization, consumers in major cities have higher disposable incomes and are more aware about personal grooming and certified products. Young urban consumers especially women are the primary customers of halal cosmetic brands. Key players are launching new product ranges tailored for the urban demographic and promoting them through online channels and social media platforms to capitalize on this growing market segment. Companies are also introducing premium halal skincare lines certified by international halal certifying bodies to cater to the changing preferences of urban consumers.
Segment Analysis
The South East Asia halal skincare market is dominated by facial care segment which holds around 40% share of the overall market. Facial care products which include facial cleansers, toners, serums and creams are in high demand as people in South East Asian countries like Malaysia, Indonesia and Brunei pay high attention to skin care and want to use products which are suitable for their skin and also comply with their religious beliefs. The facial care segment is witnessing strong growth owing to rising disposable incomes, increasing working women population and growing awareness about skin care routines.
Key Takeaways
The South East Asia halal skincare market is expected to witness high growth.
Regional analysis: The ASEAN countries in South East Asia like Malaysia, Indonesia and Brunei are emerging as the fastest growing markets for halal skincare products. This is because of high Muslim population in these countries who want skin care products which are certified halal and comply with their religious beliefs.
Key players operating in the South East Asia halal skincare market are Wardah, Aubrey Organics,CLI,SAAF International,Iba Halal Care, Saaf SkinCare.Cosway and Noorlin.
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The complete research framework on Global South East Asia Skincare Market reveals various influencing factors like growth factors, industry drivers, restraints, production techniques, latest market trends, market challenges, market extension and opportunities for beginners and established players in global runway lighting market.
As per the world economic evaluate the growth rate of the past four years, market size is estimated from 450 million $ in 2013 to 490 million $ in 2016.
The South East Asia Skincare Market is expected to exceed more than US$ 560 million by 2021 at a CAGR of 2.88% in the given forecast period.
The prime objective of this report is to help the user understand market share distribution of the number of key players in the market included is LÂ’Oreal, Clarins, Guinot, Aveda, SkinMedica, Obagi Medical, Dermalogica, 302 Skin Care, BABOR, Murad, REN, Bioelements, Dermstore.The South East Asia Skincare Market research report helps to understand cost-effective data in the form charts, tables, graphs, and figures which helps to analyze the market growth rate, market share, and trends.
The South East Asia Skincare market provides the in-depth approach towards market segments depicts the market investment areas and marketing strategies to achieve informed growth in the market like revenue, import/export data, volume delivered (in kilo tons) and the income it produces (in US$), demand and supply data (as applicable).
Additionally, also gives valuable data pertaining to their outlook in terms of finances, product portfolios, investment plans, and marketing and business strategies.
