The global cosmetic halal ingredients market is anticipated to reach USD 4.6 billion by 2020 growing at a CAGR of 8.7% during the forecasting period, 2020-2028. Noticeable increment in Islamic population base across the globe is keen to pay price for premium halal cosmetics. Increasing demand and awareness towards the usage of cosmetic products is likely to increase the demand for halal ingredients. Factors such as increased urbanization, growing standards of living are driving the market for cosmetic halal ingredients market.
The global cosmetic halal ingredients market is segmented into ingredient type, application, and geography.
The ingredient type segment is segmented into active ingredients, specialty additives, and others.
On the basis of product, the active ingredient segment is expected to dominate the market for cosmetic halal ingredients market during the forecast period 2020-2028
Application segment is segmented into Body and Skin Care, Makeup, Hair Care, Oral Care, Fragrance
Geographically, the global cosmetic halal ingredients market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions
Asia-Pacific region is the largest contributor to the cosmetic halal ingredients market in the forecast period 2020-2028.
Key players in the global cosmetic halal ingredients market are DSM, BASF SE, Symrise, Mibelle Group, Croda, Lonza, DowDupont among others.
The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:
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