India Halal Cosmetics Market | Outlook 2032

 What is the market size of the India Halal Cosmetics Market right now, and how fast is it expanding annually?

According to recent study by The Report Cube future of the India Halal Cosmetics Market was valued at USD 2.1 Billion in 2023 and is further anticipated to register a CAGR of around 30% during the forecast period, i.e., 2024-32. Owing to the average Muslim population across India, the country is anticipated to register a high demand for halal-certified items due to the preference & awareness regarding organic, cruelty-free, and clean cosmetics.

Which Companies Dominate the India Halal Cosmetics Market Today?

Get comprehensive data and forecasts on the India Halal Cosmetics Market. Access the full report now: https://www.thereportcubes.com/report-store/india-halal-cosmetics-market

What are the market dynamics Are Accelerating in the India Halal Cosmetics Market?

With the wide number of women joining the workforce, there is an increased demand for high-quality cosmetics that are organic and free from harmful chemicals. This has eventually led to a shift in the way how Indian consumers purchase cosmetics, preferring cruelty-free, organic, and sustainable beauty products.

Since the Halal certification procedure includes rigorous quality control measures & adherence to specific guidelines, it makes sure that the products are free from materials considered harmful or prohibited in Islam. Hence, the certification gives consumers, including non-Muslims, self-assurance in the safety & quality of their cosmetics, as these products align with ethical & sustainable principles.

For example, one of the cosmetic-producing companies, Saba Personal Care identified this trend and aimed to capitalize on it by offering a range of products that cater to broad consumer needs. By doing so, the company aims to position itself as a leader across the national market and establish a strong foothold before other MNCs fully tap into the potential of halal & vegan beauty products in the country, further driving the India Halal Cosmetics Market growth.

As international market players set their sights on developing countries & expanding their market presence, India is expected to witness a massive industrial spurt in the coming years. A Singapore-based conglomerate of brands, Believe PTE Ltd, recently invested USD10 million in Iba Cosmetics. The investment in Iba Cosmetics is a main example of this trend, showcasing the attractiveness & feasibility of the Indian market for cosmetics brands.

This strategic move highlights the conglomerate’s commitment to catering to a targeted audience who look to enrich their beauty without compromising their belief system. Thus, the rising investment is likely to contribute to the overall growth & development of the Indian cosmetics industry, bringing innovative & culturally sensitive products to the market.

 Download PDF Sample Report – Complete Data in One Place: https://www.thereportcubes.com/request-sample/india-halal-cosmetics-market

What are the key segments of the India Halal Cosmetics market?

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