The India Halal Cosmetics Market is projected to grow by around 30.25% CAGR during the forecast period, i.e., 2021-26, cites a recent research study conducted by MarkNtel Advisors. The key highlights of the research report include the industry growth drivers, restraints, opportunities, trends, & extensive insights into the market dynamics amidst the Covid-19 crisis. Besides, a thorough analysis of the India Halal Cosmetics Market across various segments, countries, and leading competitors has also been added to the study.
The study provides a predictable market size for 2021 based on demand and price analysis. The report forecasts the India Halal Cosmetics market size to 2026 in both the short and long term. The COVID-19 pandemic has had an unfavorable influence on various markets, where small and medium-sized firms are struggling to stay afloat in the short term.
The market started flourishing in India in early 2011, with several small operators registering themselves as halal cosmetic providers. With the rate at which the Islamic population has been soaring in India over the past couple of decades, halal cosmetics are likely to register exponential growth in the country. Greater religious affinity, rise in affordability, halal trade and regulations, and greater investor returns have been acting as the major driving factors driving the growth of the Halal Cosmetics Market in India.
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Key points covered in the report:
- India Halal Cosmetics Market dynamics, market size, trend analysis, leading market players, opportunities, recent developments.
-Economy synopsis and forecast analysis for 2021-2026.
-The research on India Halal Cosmetics Industry includes a detailed analysis of the key market participants.
-Market strategies that are increasingly being used by prominent India Halal Cosmetics Companies.
-Assessment of market factors including market growth drivers, significant challengers, inhibitors, and opportunities.
-Strategic profiling of key market players and thorough evaluation of their growth tactics.
-PESTEL Analysis, Porter’s Five Forces Model, Competitors Analysis, Value Chain Analysis, Recommendations and Price Analysis.
The study is beneficial for industry stakeholders in justifying numerous key questions, such as which market segments should be targeted, marketing strategies to be applied, revenue generation techniques, in order to strategize investments and take advantage of market growth.
“We are constantly monitoring the changing dynamics of the Covid-19 outbreak & provide detailed impact analysis on the market”.
Key Companies & Market Share Insights:
Owing to the vast number of major and small-scale manufacturers, the market is extremely concentrated and competitive. Major corporations pursue numerous marketing tactics, such as geographic expansion, in order to boost sales and capitalize on new businesses and markets for new and existing products/services. Major industry players are: MMA Bio Lab Sdn Bhd, Clara International, Inika Cosmetics, Wardah Cosmetics, Martha Tilaar Group, Ivy Beauty Corporation Sdn Bhd, Wipro Unza, Zahara, SO.LEK Cosmetics.
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Market Segmentation includes:
The India Halal Cosmetics Market is categorized. This section brings the segmentation statistics and provides insights regarding growing and dominating segments. The data has been represented using charts and graphs to make it reader friendly.
Market Segment, By Type
-Color Cosmetics
--Face
--Eyes
--Lips
--Nails
-Personal Care
--Hair Care
--Skin Care
--Fragrances
Market Segment, By Distribution Channel
-Online
-Supermarket/ Hypermarket
-Specialty Stores
-Convenience Store
-Others (Pharmacy, etc.)
Market Segment, By Gender
-Male
-Female
Lucrative Opportunities:
The study outlines all of the issues that are being faced by India Halal Cosmetics Market. This enables the reader to gain a better understanding of the market and grab the lucrative opportunities. The analysts conducted a thorough examination of the current market scenario while concentrating on new business objectives. A comprehensive evaluation of evolving stakeholders’ needs and the entire environment study is included.
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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.
We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.
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