Harris and Trump make final push in must-win Pennsylvania    Drones and snipers on standby to protect Arizona vote-counters    India's Modi condemns violence after Canada temple incident    Elon Musk can keep giving $1m to voters, judge rules    Al Ahli extends perfect start with 5-1 victory over Al Shorta    Mitrovic's hat-trick leads Al Hilal to 3-0 victory over Esteghlal    Tourism Development Fund launches "Tourism Empowerment" programs to enhance sustainable growth of SMEs    Saudi crown prince, Tunisian president review bilateral relations in phone call    SFDA Chief visits premier biotechnology and medical firms in China    Al-Khereiji: Collective action in combating terrorism is a must for achieving stability and prosperity    Saudi Awwal Bank becomes the Kingdom's first bank obtaining ISO certification for quality management system in operations    10 cooperation agreements signed during Saudi-Turkish Business Forum in Istanbul    Saudi Arabia's non-oil revenues grow 6% in 9 months while Q3 budget posts SR30 billion deficit    Quincy Jones, titan of US music, dies aged 91    Enhancing zakat, tax, and customs compliance takes center stage at the Zakat, Tax, and Customs Conference 2024    Neymar expected to join Al Hilal squad for AFC clash against Esteghlal, says coach Jesus    Al Qadsiah secure 2-0 victory over Al Ettifaq in first Eastern Derby since 2021    Hidden sugars in Asia's baby food spark concerns    HONOR unveils pre-order of the stunning HONOR MagicBook Art 14 Featuring an ultra-slim design, HONOR Eye Comfort Display and AI Cross-OS WorkStation    Teri Garr, Young Frankenstein and Tootsie star, dies at 79    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Mideast cosmetics market crosses $2.1 billion in 2008
Published in The Saudi Gazette on 16 - 11 - 2008

The total value of cosmetic related sales in the Middle East region has exceeded $2.1 billion in 2008, reflecting an annual growth rate of 12 percent, according to the latest research reports.
Further, the growth of the “Halal cosmetics” market - currently worth an estimated $560 million worldwide - has driven the sales of beauty and grooming products. With aims of providing a unique platform to further boost the growth of the industry, Orange Fairs & Events has announced the presence of leading halal cosmetics manufacturers at “Halal Expo 2008,” an event that will gather regional and international suppliers seeking to leverage booming demand for halal cosmetics during its three-day run on Nov. 24 -26, 2008 at the Crowne Plaza Hotel in Dubai.
With the halal sector experiencing an exceptional growth in the region, leading economies such as the UAE poses much potential for leading players who are optimistic of the country's strong retail market and its impact on the halal cosmetics market. Particularly, market analysts have identified Dubai's keenness on capitalizing on its position as regional hub for the distribution of halal commodities to leverage the burgeoning demand for halal cosmetics. As leading global manufacturers focus on their efforts to penetrate the region or strengthen their Middle East exports, many of them have identified the opportunities in participating in a high impact event such as Halal Expo 2008.
“Consumers in this part of the world are becoming more selective in their choice of personal care items, as the common misconception that the concept of halal purely relates to foodstuffs continues to diminish,” said Raees Ahmed, director, Orange Fairs & Events. “In addition to providing an excellent opportunity for halal cosmetics players to take advantage of the booming demand, we are also focused on educating customers on which cosmetic items to avoid as they contain certain “haram” ingredients. Overall, our commitment is to the development of the regional halal industry, wherein the halal cosmetics sector plays a significant role.”
On the average, an estimated AED550 million worth of halal merchandise is being distributed through the Emirates each year, with personal care items constituting a large proportion of this figure. Today, more people are becoming aware of the nature of beauty products and are choosing to spend money on make-up and lotions that fit their religious and cultural beliefs. Dubai's position as regional commercial centre for halal products is having a strong impact on the sale of halal cosmetics, which makes it an ideal location for Halal Expo 2008.
“Amidst the growing demand for halal cosmetics, which makes it a vital segment of the $2 trillion global halal market, we believe that a comprehensive platform where global manufacturers, distributors and customers can meet, discuss and network will be highly beneficial for the rapidly-growing regional industry. We are proud to be the part of this initiative, which we believe will further bolster the growth of the halal cosmetics industry, not only by facilitating the meeting of a wide spectrum of industry players, but also by educating the public with regard to the content of their halal-approved cosmetic products,” Ahmed noted.
The organizers are expecting more than 80 international exhibitors from Australia, Argentina, Brazil, The Philippines, Turkey, Thailand, Malaysia, Saudi Arabia, UK and the UAE, who will be showcasing a variety of halal based cosmetics during the event. __


Clic here to read the story from its source.