Increasing Working-Class Women Propels the Growth of the India Halal Cosmetics Market

NOIDA, India - June 3, 2021 - PRLog -- According to the MarkNtel Advisors' research report, "India Halal Cosmetics Market Analysis, 2021," the market is likely to grow at a CAGR of 30.25% during 2021-26. The rising awareness regarding cosmetics products, which includes animal byproducts and the desire to look better, has significantly increased the demand for halal cosmetic products.

In addition to this, the increasing number of young Muslim population associating their lifestyle and appearance with Islamic rules further propels the market growth. Moreover, a specific range of products, including pork-free products to replace cheap oils in conventional products, further added momentum to the premium ethnic cosmetic industry by offering growth opportunities to gelatin-based, fat-based, and premium-oil-based cosmetics in the halal cosmetics market.

Impact of COVID-19 on India Halal Cosmetics Market
The sudden outbreak of the COVID-19 pandemic has negatively impacted the demand for halal cosmetics due to the paradigm shift of consumers toward investing in essential products. Besides, expansion of the product portfolio of halal cosmetics, such as various types & brands of sanitizers, hand creams, eye care, etc., further degraded the market growth. However, the rapid penetration of online retailing in the country is likely to create growth opportunities for the halal cosmetic market in the coming future.

"India Halal Cosmetics Market Analysis" provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, & opportunities.

Convenience Store Segment Shows Substantial Growth Rate
Based on the Distribution Channel, the market classifies into Online, Supermarket/ Hypermarket, Specialty Stores, and Convenience Stores. Of these segments, Convenience Stores are likely to grow considerably in the India Halal Cosmetic Market during the forecast period. The market presence for halal cosmetics in Specialty and Convenience Stores is lower than other distribution channels. However, in the forecast period, specialty and convenience stores shall escalate exponentially. It owes to the emerging halal cosmetics start-up cosmetic companies and also because existing brands are improving their supply chain and distribution channel. Therefore, the Convenience Store segment is likely to contribute to the overall market growth in the forecast period, reveals MarkNtel Advisors in their research report, "India Halal Cosmetics Market Analysis, 2021."

According to MarkNtel Advisors, the major leading players in the India Halal Cosmetics Market are MMA Bio Lab Sdn Bhd, Clara International, Inika Cosmetics, Wardah Cosmetics, Martha Tilaar Group, Ivy Beauty Corporation Sdn Bhd, Wipro Unza, Zahara, and SO.LEK Cosmetics.

Received the sample copy of the market analysis: https://www.marknteladvisors.com/query/request-sample/india-halal-cosmetics-market.html