Saudi Arabia Halal Cosmetics Market Set to Grow at 15% CAGR till 2020 Finds TechSci Research Report

Burnaby, British Columbia, Canada, December 09, 2015 --(PR.com)-- According to TechSci Research report “Saudi Arabia Halal Cosmetics Market Forecast & Opportunities, 2020,” the halal cosmetics market in Saudi Arabia is projected to grow at a CAGR of over 15% during 2015 - 2020. Halal cosmetics are free from animal blood, pork and pork products as well as from any alcoholic content. Religious preference for halal products in Saudi Arabia is the primary driver of halal cosmetics market in the kingdom. Additionally, growing health concerns from harmful effects of cosmetics manufactured using dead animals is boosting demand for halal cosmetics among non-Muslim population as well. Inika, One Pure, LLC, FX Cosmetics, Clara International Beauty Group and Samina Pure Minerals Makeup Ltd are few of the leading players operating in Saudi Arabia halal cosmetics market.

According to TechSci Research analysis fragrances and skincare products accounted for a lion’s share in Saudi Arabia halal cosmetics market in 2014. Color cosmetics, and others body care, haircare and baby care products are other major segments. Western, Central and Northern areas dominate 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 customer base 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 and sales of products. Increasing accessibility to high quality halal products is expected to further boost consumption 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.