Saudi Arabia Halal Cosmetics Market Forecast & Opportunities, 2020

10
Saudi Arabia Halal Cosmetics Market, Forecast and Opportunities, 2020 Market Intelligence . Consulting

Transcript of Saudi Arabia Halal Cosmetics Market Forecast & Opportunities, 2020

Page 1: Saudi Arabia Halal Cosmetics Market Forecast & Opportunities, 2020

S audi Arabia Halal Cosmetics Market , Forecast and Opportunities , 2020

M a r k e t I n t e l l i g e n c e . C o n s u l t i n g

Page 2: Saudi Arabia Halal Cosmetics Market Forecast & Opportunities, 2020

R e s e a r c h M e t h o d o l o g y

Baseline Methodology

Our dedicated team of industry experts has comprehensively monitored and analyzed various aspects of Saudi

Arabia Halal Cosmetics Market. The team has analyzed the outlook of various segments and speculated a positive

future for the industry. Taking into consideration, growing awareness regarding halal cosmetics, increasing

adoption from non-Muslim consumers, enlargement of product portfolios and other factors influencing halal

cosmetics market, our team of analysts has provided a prudent analysis of the industry’s performance over the

next five years. This would enable our clients in planning their investment decisions and explore growth

opportunities in Saudi Arabia Halal Cosmetics Market.

Sources:

For our study, we have gathered information through primary research surveys with distributors and companies of

halal cosmetics, followed by an exhaustive search of credible paid databases. Our team of analysts has then

prudently evaluated and presented the same in chronological order to depict a meaningful and clear picture of halal

cosmetics market in Saudi Arabia. In addition, while compiling data, we have also looked into all the collected

information from multiple sources and data warehouses in order to present the most accurate and precise

information of the concerned industry. We have also identified and analyzed all emerging trends, including the

important drivers and challenges that the industry is confronting. We have also presented segmental shares along

with forecasts for the industry. The forecasts are based on our in-depth analysis as well as current market

dynamics, prevalent trends, developments and opportunities.

Companies and Distributors Interviewed

Top companies interviewed: Inika, Amara, Zeena International Beauty, Ganozi, EL-ESSAWI TRADING COMPANY etc.

Secondary Sources Central Department of Statistics and Information, World Bank, Company Websites, News Articles Etc.

© TechSci Research

2

Page 3: Saudi Arabia Halal Cosmetics Market Forecast & Opportunities, 2020

T a b l e o f C o n t e n t s

© TechSci Research

3

S. No. Contents

1. Research Methodology

2. Analyst View

3. Product Overview

4. Global Halal Cosmetic Market Overview

5. Saudi Arabia Halal Cosmetic Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Type

5.2.2. By Sales Channel

5.2.3. By Region

5.2.4. By Company Type

5.3. Saudi Arabia Halal Cosmetic Market Attractiveness Index Analysis

6. Saudi Arabia Halal Fragrances Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

7. Saudi Arabia Halal Skin Care Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Pricing Analysis

8. Saudi Arabia Halal Color Cosmetics Market Outlook

8.1. Market Size & Forecast

Page 4: Saudi Arabia Halal Cosmetics Market Forecast & Opportunities, 2020

S No. Contents

8.1. By Value

8.2. Pricing Analysis

9. Saudi Arabia Other Halal Cosmetics Market Outlook

10. Market Dynamics

10.1. Drivers

10.2. Challenges

11. Market Trends & Developments

11.1. Growing Popularity of Non-halal Cosmetics Among Non-Muslim Population

11.2. Dominance of Foreign Companies

11.3. Surging Availability of Halal Cosmetics Through Online Channels

11.4. Introduction of Innovative Halal Cosmetics

11.5. Companies Focus on Offering Products through Multiple and Innovative Retail Channels

12. Policy & Regulatory Landscape

13. Saudi Arabia Economic Profile

14. Competitive Landscape

14.1. INIKA

14.2. FX Cosmetics

14.3. Clara International Beauty Group

14.4. Samina Pure Minerals Makeup Ltd.

14.5. Saaf Skincare

14.6. Miracle Halal Mineralz Ltd

T a b l e o f C o n t e n t s C o n t d .

© TechSci Research

4

Page 5: Saudi Arabia Halal Cosmetics Market Forecast & Opportunities, 2020

S No. Contents

14.7. OnePure, LLC

14.8. Amara Halal Cosmetics

14.9. Wardah Cosmetics

14.10. The Halal Cosmetics Company

15. Strategic Recommendation

16. Annexure

17. About Us & Disclaimer

T a b l e o f C o n t e n t s C o n t d .

© TechSci Research

5

Page 6: Saudi Arabia Halal Cosmetics Market Forecast & Opportunities, 2020

I n d u s t r y B r i e f

6

© Pharmaion

Saudi Arabia Halal Cosmetics Market Set to Grow at 15% CAGR till 2020

Increasing accessibility through online websites and rising awareness amongst the youth to steermarket 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 ofover 15% during 2015 - 2020. Halal cosmetics are free from animal blood, pork and pork productsas well as from any alcoholic content. Religious preference for halal products in Saudi Arabia is theprimary driver of halal cosmetics market in the kingdom. Additionally, growing health concerns fromharmful effects of cosmetics manufactured using dead animals is boosting demand for halalcosmetics among non-Muslim population as well. Inika, One Pure, LLC, FX Cosmetics, ClaraInternational Beauty Group and Samina Pure Minerals Makeup Ltd are few of the leading playersoperating in Saudi Arabia halal cosmetics market.

According to TechSci Research analysis fragrances and skincare products accounted for a lion’sshare in Saudi Arabia halal cosmetics market in 2014. Colour cosmetics, and others body care, haircare and baby care products are other major segments. Western, Central and Northern areasdominate 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 customerbase 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 andsales of products. Increasing accessibility to high quality halal products is expected to further boostconsumption 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.

Page 7: Saudi Arabia Halal Cosmetics Market Forecast & Opportunities, 2020

© TechSci Research

7

Meaning Of Halal: Halal implies to be permissible by the Islamic Law, Shariah. The term ‘Halal’ is widely used

to refer to both permitted actions and objects used by Muslims. Almost, all types of business operations such as

logistics, banking, trading, etc., and various types of traded products and services such as food, cosmetics and

pharmaceuticals can be referred to as Halal.

Halal Products: Goods which are fully Shariah compliant are termed as Halal products. Conventionally, the

main focus of the Shariah Law was on foods, and predominantly, on meat and its preparation. In order to be

certified as Halal, both the product and process involved in development of that product has to be Shariah

compliant. Lately, animal-based ingredients are extensively used in the preparation of various products including

cosmetics, medicines, cloth products, leather goods, etc. This has made it important for a large muslim

consumer base to be cautious, while selecting products from these industries, in order to ensure that they are

Halal compliant.

H a l a l C o s m e t i c s - P r o d u c t O v e r v i e w

Halal Sectors

Food, Food Products and Beverages

Ingredients

Pharmaceutical Products

Cosmetics

Textile and Clothing

Leather Goods

Leisure and Hospitality

Halal Cosmetics

Fragrances Skin CareColor

Cosmetics Others

Hair Care

Body Care

Baby Products

Page 8: Saudi Arabia Halal Cosmetics Market Forecast & Opportunities, 2020

© TechSci Research

8

Saudi Arabia Halal Cosmetics Market Size,

By Value, 2010-2020F (USD Million)

S a m p l e D a t a - S n a p s h o t

10 20 30 40 50 60 70 80 90 100 110

Saudi Arabia Halal Cosmetics Market Share, By Type, By Value, 2010-2020F

15.10% 15.20% 15.30% 15.40% 15.50% 15.60% 15.70% 15.80% 15.90% 16.00% 16.10%

22.00% 23.00% 24.00% 25.00% 26.00% 27.00% 28.00% 29.00% 30.00% 31.00% 32.00%

48.00% 47.00% 46.00% 45.00% 44.00% 43.00% 42.00% 41.00% 40.00% 39.00% 38.00%

2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F

Others Colour Cosmetics Skincare Fragances

13.00% 14.00%15.00% 16.00%17.00%18.00% 19.00%20.00% 21.00%22.00%23.00%

Saudi Arabia Halal Cosmetics Market Share, By

Sales Channel, By Value, 2010-2020F

11.00% 11.01% 11.02% 11.03%11.04% 11.05% 11.06% 11.07% 11.08% 11.09%11.10%

88.00% 88.01% 88.02% 88.03% 88.04% 88.05%88.06%88.07% 88.08% 88.09%88.10%

2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F

Offline Online

Eastern

Province

Riyadh

Tabuk

Madinah

Northern

Borders

Makkah

Bahah

Jawf

Jizan

NajranAsir

Qasim

Ha’il

East

North

Center

West

South

Western Region2014: X%2020F: X%

Southern Region2014: X%2020F: X%

Eastern Region2014: X%

2020F: X%

Northern & Central Region

2014: X%2020F: X%

Saudi Arabia Halal Cosmetics Market Share,

By Region, By Value, 2014 & 2020F

12

34

5

78

910

1112

2010 2011 2012 2013 2014 2015E2016F2017F2018F2019F2020F

Saudi Arabia Halal Fragrances Market Size, By Value, 2010-2020F (USD Million)

Page 9: Saudi Arabia Halal Cosmetics Market Forecast & Opportunities, 2020

© Pharmaion

9

R e p o r t O r d e r i n g

To View Sample OR Purchase Report

Report Price

Report Name: Saudi Arabia Halal Cosmetics Market Forecast and

Opportunities, 2020

License Type Price

Electronic Access - Single User License $2500

CD-ROM Mail Delivery $3000

Hard Copy Mail Delivery $3500

Electronic Access - Multi-User License $5000

Page 10: Saudi Arabia Halal Cosmetics Market Forecast & Opportunities, 2020

A b o u t U s & D i s c l a i m e r

TechSci Research – North America

2950, Boundary Road, Burnaby,

British Columbia, Canada

Tel: +1- 646- 360-1656

Email: [email protected]

www.techsciresearch.com

About Us :

TechSci Research is a global market research and consulting company with offices in Canada, the UK and India. TechSci Research

provides market research reports in a number of areas to organizations. The company uses innovative business models that focus on

improved productivity to ensure creation of high-quality reports. The proprietary forecasting models use various analyses of both

industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional

and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely

rich evaluation of the opportunities available in the market.

Reports on Consumer Goods

India Non Electric Kitchen Appliances Market Forecast & Opportunities, 2020

India Water Heaters Market Forecast & Opportunities, 2020

China Air Purifiers Market Forecast & Opportunities, 2020

Partial List of Clients

Disclaimer :

The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is madethat it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from varioussources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completenessof any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especiallystates that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates andforecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internalconsumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

TechSci Research – Europe

54, Oldbrook, Bretton,

Peterborough,

United Kingdom

Email: [email protected]

www.techsciresearch.com

TechSci Research – Asia-Pacific

A – 51, Sector -57, Noida, National

Capital Region, U.P. - India

Tel: +91-120-4523900

Email: [email protected]

www.techsciresearch.com© TechSci Research

10