Market Research – global rise in demand for Halal
- The global market for Halal commodities is currently valued at USD 2 trillion
- The Halal cosmetic market is currently worth an estimated USD 560 million worldwide and growing
- An estimated USD 150 billion worth of Halal merchandise is distributed through the Emirate each year, with personal care items constituting a large proportion of this figure
- Dubai’s position as regional commercial centre for Halal products is having a strong impact on the sale of Halal cosmetics
- Halal fashion and cosmetics constitute a market worth Dh 2.06 billion in the UAE alone
- Dubai is all set to capitalise on this booming trend for Halal cosmetics in view of Dubai’s position as a regional hub for the distribution of Halal commodities
- Currently the market for beauty and grooming products as a whole in the Middle East is growing at 12% per annum, and is valued at USD 2.1 billion
- This growth is being mirrored by the demand for Halal Personal care products
References: www.halaljournal.com - www.ameinfo.com
