Saudi Arabia Halal Cosmetics Market Set to Grow at 15% CAGR Till 2020, Finds TechSci Research Report

Dec 07, 2015, 09:30 ET from TechSci Research

BURNABY, Canada, December 7, 2015 /PRNewswire/ --

Increasing accessibility through online websites and rising awareness amongst the youth to steer market for halal cosmetics in Saudi Arabia. 

According to TechSci Research report "Saudi Arabia Halal Cosmetics Market Forecast & Opportunities, 2020", halal cosmetics market in Saudi Arabia is projected to grow at a CAGR of over 15% during 2015 - 2020. Halal cosmetics are free from animal blood, pork and pork products as well as from any alcoholic content. Religious preference for halal products in Saudi Arabia is the primary driver of halal cosmetics market in the kingdom. Additionally, growing health concerns from harmful effects of cosmetics manufactured using dead animals is boosting demand for halal cosmetics among non-Muslim population as well. Inika, One Pure, LLC, FX Cosmetics, Clara International Beauty Group and Samina Pure Minerals Makeup Ltd are few of the leading players operating in Saudi Arabia halal cosmetics market.

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According to TechSci Research analysis fragrances and skincare products accounted for a lion's share in Saudi Arabia halal cosmetics market in 2014. Color cosmetics, and others body care, haircare and baby care products are other major segments. Western, Central and Northern areas dominate the kingdom's halal cosmetics market owing to high female population in these regions.

"Saudi Arabia is an attractive market for halal cosmetics due to the presence of affluent customer base in the kingdom. In order to capture the growing demand for halal cosmetics in Saudi Arabia, major global players have expanded their presence in the kingdom through online marketing and sales of products. Increasing accessibility to high quality halal products is expected to further boost consumption of halal cosmetics in the kingdom over the next five years." said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

"Saudi Arabia Halal Cosmetics Market Forecast & Opportunities, 2020" has analyzed the potential of the halal cosmetics market and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the halal cosmetic players in Saudi Arabia.

About TechSci Research: 

TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in six verticals - Information Technology, Chemicals, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry.

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SOURCE TechSci Research