How Is The Halal Cosmetics Industry Doing?
How is the halal cosmetics industry doing amid the on-going COVID-19 pandemic? This is the question industry watchers have been asking since the beginning of the coronavirus. By looking at the industry players in Malaysia, Indonesia, UAE, and some other countries, the industry is still growing despite the pandemic.
The following article published on The National gives an overview of the global halal beauty and the direction it is taking despite the formiddable challenges.
The global halal cosmetics and personal care market is poised to grow by $28.34 billion between 2020 and 2024, claims research and analysis company Technavio in a mid-year report. Meanwhile, a June report by Prophecy Market Insights says that the global halal cosmetics market was worth $26 billion in 2019, and is expected to be worth $52 billion by 2025.
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