Expert analyst, Paul Cochrane, explains the importance of the Halal market for the cosmetic industry and we look at some ingredients serving this sector.
The Islamic economy has for many years focused on Halal certification of processes associated with food and finance, but the Halal cosmetics industry is experiencing a boom thanks to young Muslims.
Adapting formulations to ensure they fit within certain boundaries is a very tricky task, not helped by constantly shifting requirements of certification bodies. Halal has been on the beauty and personal care industry’s radar for some time, and for several years has been hampered by a lack of understanding regarding the definition and requirements of certification.
Paul Cochrane is a senior associate at DinarStandard, a niche research and advisory firm specialising in the Emerging Muslim markets, based in New York and Dubai. DinarStandard have released a report titled The State of the Global Islamic Economy Report, which covers a wide range of sectors. We spoke to Paul to learn more about the Halal cosmetics sector and how it impacts cosmetics and personal care.
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