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Optical Coherence Tomography Angiography Equipment Market : Emerging Trends, Business Growth Opportunities, Major Driving Factors

According to our new research study on "Optical Coherence Tomography Angiography Equipment Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type and End User," the market is expected to grow from US$ 388.50 million in 2021 to US$ 616.31 million by 2028; it is estimated to grow at a CAGR of 6.8% from 2021 to 2028. The report highlights trends prevailing in the optical coherence tomography angiography equipment market and factors driving its growth. The rising prevalence of eye-related disorders and a surge in the geriatric population propel the demand for optical coherence tomography angiography equipment. However, the lack of skilled professionals and technical challenges associated with systems hamper the optical coherence tomography angiography equipment market growth.

Based on type, the optical coherence tomography angiography equipment market is bifurcated into tabletop type and handheld type. The tabletop fragment held a larger market share in 2021 and is expected to retain its dominance during the forecast period. Moreover, the handheld section is estimated to register a higher CAGR during the forecast period. Most flow angiography equipment are tabletop systems that are typically used for imaging compliant, seated subjects. However, this type cannot be applied for imaging crucial patient populations — including confined to bed patients, patients undergoing surgeries in operating rooms, young kids in clinics, and infants in intensive care nurseries. Tabletop OCT angiography systems have conveyed reproducible outcomes in clinical and research studies, however these systems won't be quickly utilized for pediatric applications. Therefore, handheld OCT systems have been used to bring the point-of-care feature for imaging these patient populations, for detecting retinopathy or prematurity ROP.

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Impact of COVID-19 Pandemic on Optical Coherence Tomography Angiography Equipment Market

The COVID-19 pandemic has adversely affected various industries, like manufacturing and healthcare, and its long-term repercussions are expected to hamper the healthcare industry growth during the forecast period. Because of the rising number of cases, lockdown and business shutdowns were imposed by governments of various countries to control transmission. Suspended business activities hindered the growth of economies, and decreased capital expenditures and investments in high-ticket machines. Many of these investments were canceled or postponed, resulting in a cascade of hospital medical equipment purchases. Many non-essential, elective medical treatments and surgeries were postponed, rescheduled, or canceled amid the COVID-19-related restrictions in various regions of the world, which lowered the demand for angiography equipment in 2020. However, this global crisis has prompted the increased demand for accurate diagnoses and treatments in North America.

Several players in the optical coherence tomography angiography equipment manufacturing market engage in meeting the growing demands for imaging solutions. NIDEK CO., LTD.; Carl Zeiss AG; OPTOVUE INCORPORATED; Canon, Inc.; OPTOPOL TECHNOLOGY SP. Z.O.O; Alcon Inc.; Michelson Diagnostics Ltd.; Topcon Corporation; SANTEC Corporation; and HEIDELBERG ENGINEERING GMBH are among the leading companies operating in the optical coherence tomography angiography equipment market.

The report portions the optical coherence tomography angiography equipment market as follows:

The optical coherence tomography angiography equipment market has been fragmented on the basis of type and end user. Based on type, the optical coherence tomography angiography equipment market is fragmented into handheld type and tabletop type. Based on end user, the optical coherence tomography angiography equipment market is fragmented into hospitals, clinics, and others. By geography, the optical coherence tomography angiography equipment market is fragmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific), the Center East and Africa (the UAE, Saudi Arabia, South Africa, and Rest of the Center East and Africa), and South and Central America (Brazil, Argentina, and Rest of South and Central America).

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Mineral Insulated Cable Market Incredible Potential Examined in New Research Report

According to our latest market study on "Mineral Insulated Cable Market Forecast to 2027 - COVID-19 Impact and Global Analysis - Type (Power Cable, Heating Cable); Cladding (Copper, Stainless Steel, Others.); End-User Industry (Energy and Power, Oil and Gas, Construction, Pharmaceuticals, Others), and Geography," the market was valued at US$ 951.72 million in 2019 and is projected to reach US$ 1,337.00 million by 2027; it is expected to grow at a CAGR of 5.7% during the forecast period. The report highlights key factors driving the market growth, and prominent players and their developments in the market.

In the energy and power sector, temperature and tension measurement instruments play a significant job in large-scale power plants, peak-load electricity generation plants, and decentralized frameworks, among others. The globally mounting number of gas turbine power plants; coal, gas, nuclear, hydro power, and thermal power stations; biogas plants; and wind power stations — to satisfy the consistently increasing demand for electricity — is fueling the adoption of temperature and tension measurement instruments. This factor is probably going to influence the adoption of mineral insulated cables in the temperature and strain measurement frameworks in these facilities.

MICC Limited manufactures GDCD16 cable plans for power stations. It has been chosen as a provider by key power generation companies, including E.ON, EDF, and RWE, as well as by Nuclear Sellafield sites in the UK. Such abundant presence of coal-terminated plants, power generation plants, and nuclear sites plays a significant job in boosting the growth of the mineral insulated cable market for the energy and power industry. Thus, the use of cables in high-temperature applications is rising with the growing construction of nuclear power plants in the US, South Africa, Saudi Arabia, and so on.

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COVID-19 Impact on Mineral Insulated Cable Market

COVID-19 outbreak has been affecting each business globally since December 2019. Continuous growth in the quantity of virus-infected patients has constrained legislatures to put a bar on humans and products transport. The COVID-19 pandemic has weakened various activities across numerous industries. The energy and power generation industry is also hit hard by the outbreak because of limited manpower and disruption in production network of components and administrations. The mineral insulated cable market players in various nations also faced the challenge of confined manpower availability, whereas in several nations, the activities of nuclear decommissioning have been required to be postponed owing to the imposition of lockdowns by separate state run administrations.

The Report Segments the Mineral Insulated Cable Market as Follows:

By Type

Power Cable
Heating Cable

By Cladding

Copper
Stainless Steel
Others

By End-User Industry

Energy and Power
Oil and Gas
Construction
Pharmaceuticals
Others

By Geography

North America

US
Canada
Mexico

Europe

Germany
UK
France
Italy
Russia
Rest of Europe

Asia Pacific (APAC)

China
India
Japan
Australia
South Korea
Rest of APAC

Middle East & Africa (MEA)

South Africa
Saudi Arabia
UAE
Rest of MEA

South America (SAM)

Brazil
Argentina
Rest of SAM

Industrial Battery Market: Pin-Point Analysis for Changing Competitive Dynamics

According to The Insight Partners’ research, the global industrial battery market was US$ 12,501.9 million in 2019 and is slated to be worth US$ 21,893.5 million by 2027, with a CAGR expected to grow at 7.3% during the forecast period. The rising adoption of grid-connected solutions ensures an uninterruptable power supply and increases the requirement for lithium-ion batteries.

Using battery energy storage systems for grid-connected solutions benefits grid operators by enabling electric energy time-shift, renewable energy time-shift, baseload leveling, peak shaving, and renewables capacity firming. There is rising adoption of grid-connected solutions as these systems can reserve excess electricity when generation surpasses demand. Moreover, market players are coming up with new grid solutions for maintaining a competitive edge in the industrial battery market. For example, Siemens offers SIESTORAGE, an intelligent grid solution capable of overcoming the challenges operators face during optimization of grid connections, provision of elastic energy for modern grids, and supporting large energy consumers, which are the three main parameters in power supply. Also, in July 2015, EDP Distribuicao offered a Storage InovGrid tender to Siemens in Évora, Portugal. SIESTORAGE provides services such as voltage regulation, energy backup, and replicating intelligent grids benefits to the grid operators. These are the factors creating more demand for grid-connection solutions.

Earlier, nickel-cadmium batteries were considered a suitable type of battery for portable equipment, ranging from wireless communications to mobile computing devices. Though lithium-ion batteries are presently the most used and most promising for several applications, ranging from smart grids to aerospace. Lithium-ion batteries are gaining popularity due to its impressive attributes such as recyclability, low emission, and long life. Also, these batteries are preferentially adopted for several industrial applications that deem temperature sensitivity, low maintenance, weight, and volume. Governments worldwide are aiming to expand the reach of digitalization and promote the utilization of various electronic devices, and have become the most important storage technology in the areas of portable and mobile applications. Henceforth, the increasing requirement for lithium-ion batteries in many applications is one of the key aspects driving the industrial battery market.

Conversely, the high capital investments required for deployment hinder the global industrial battery market.

Based on type, the global industrial battery market is segmented into lead-acid batteries, lithium-based batteries, nickel-based batteries, and others. Among these, lead-acid batteries led the domain by accounting for US$ 6,119.6 million, a market share of 48.9% in 2019. Further, it is anticipated to continue its dominance by holding 45.6%, i.e., US$ 9,993.9 million by 2027, with a CAGR of 6.4% growth during the forecast period.

On the basis of application, the market is categorized into telecom and data communication, industrial equipment, uninterruptible power supply (UPS)/backup, grid-level energy storage, mining, marine, and others. In 2019, the industrial equipment segment led the market by 48.4% in 2019; it is anticipated to continue its dominance during the forecast period, accounting for 45.8% of the industrial battery market by 2027. Further, the market is projected to reach US$ 10,016.9 million by 2027, and CAGR will record a stellar growth of 6.6% during 2020–2027.

Our regional frame of reference states that Asia Pacific dominated the market by capturing for 36.9%, i.e., market valued at US$ 4,620.9 million in 2019; it will continue to dominate by 2027 by accounting for 35.0% share and market value of US$ 7,664.9 million. Meanwhile, South America is anticipated to record a stellar growth rate of 9.6% CAGR over the forecast timeframe and amass US$ 648.05 million by 2027.

Key players profiled in the global industrial equipment market report are C&D Technologies, Inc; East Penn Manufacturing Company; EnerSys; Exide Industries Limited; General Electric Company; GS Yuasa International Ltd; LG Chem; Panasonic Corporation; Robert Bosch GmbH; and Saft Groupe SA.

In August 2017, C&D Technologies declared acquisition by KPS Capital Partners to support the organization’s growth organically and through strategic acquisitions.
East Penn Manufacturing launched a complete line of lead and lithium material handling battery products for Class I, II, and III operations in December 2019.
In June 2018, Exide Industries announced the launch of the joint venture with Leclanché to build lithium-ion batteries and energy storage solutions.

Renewable Chemicals Market: Value Chain, Stakeholder Analysis and Trends

According to the latest market study on "Renewable Chemicals Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product (Alcohols, Organic Acids, Ketones, Platform Chemicals, Biopolymers, Others); by Application (Food and Beverages, Agriculture, Textiles, Transportation, Chemical Intermediates, Packaging, Bio-Medical and Pharmaceuticals, Others)," The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The report highlights key driving factors and prominent market players along with their developments in the market.

Renewable chemicals or bio-based chemicals are defined as those categories of chemicals, which are synthesized from renewable sources like agricultural feedstock, agricultural waste, organic waste products, biomass, and microorganisms. Renewable chemicals are categorized as sustainable and environment-accommodating chemicals which emits less carbon footprints as compared to traditional petro-based chemicals. The absolute most broadly available renewable chemicals are lignin, carbohydrates, oils, plant extractives, hemicellulose, cellulose, starch, protein, and others. Such chemicals find application in different application bases like food and beverage, agriculture, textiles, automotive, packaging and others.

Renewable sciences have been regarded as one of the viable ways to advance the quality of air, water, and soil and contribute to sustainability by commercializing the use of eco-accommodating bio-based chemicals in different applications. Eco-accommodating sustainable renewable chemicals can be obtained from renewable feedstocks like biomass, agricultural buildups or feedstock, and microorganisms with the assistance of green chemistry synthesis or biorefineries. The state run administrations of several economies have carried out severe regulations related to carbon and greenhouse gas emissions to advance great environment. For instance, the European Commission aims to achieve 80% reduction in the carbon emission by 2050 by phasing out ~ 81Mt of carbon dioxide to be used in clinker production. Regulatory bodies, like REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals), EPA (Environmental Protection Agency), and European Commission force severe environment regulations on the production and disposal of petrochemicals. Also, the growing focus of European Union on the establishment of 'Green Economy' combined with its '20-20-20' initiative is phasing out the demand for petrochemicals. The reduction in oil assets along with political instability in the leading oil producing nations and volatility in the cost of oil based good increase inclination for renewable chemicals. Global warming and climate change are creating demand for healthy, green, and clean products. Additionally, the circular economy is creating over US$5.6 trillion worth of novel opportunities for the improvement of eco-accommodating advances including the innovation associated with renewable chemicals. Such collaborative endeavors, regulations, and initiatives drive the growth of the renewable chemicals market.

The ongoing pandemic has drastically altered the status of the industrial sector and have negatively impacted the growth of the renewable chemicals market. The implementation of measures to combat the spread of the virus has aggravated the situation and have impacted the growth of several industrial sectors. Industries, for example, food and beverages, agriculture, textiles, transportation, packaging, pharmaceuticals have been impacted by the unexpected distortion in operational efficiencies and disruptions in the value chains attributable to the abrupt conclusion of national and international boundaries. The significant decline in the growth of the several industrial sectors negatively impacted the demand for renewable chemicals in the global market. The disruptions as far as sourcing of raw materials from providers as well as temporarily terminations of manufacturing base because of indefinite lockdowns and temporary quarantines have impacted the growth of the market during pandemic period. Nevertheless, as the economies are planning to resuscitate their operations, the demand for renewable chemicals is expected to rise globally. Although the focus throughout just in time production is another concerning factor hindering market growth. The expanding demand of renewable chemicals across food and beverages, agriculture, textiles, transportation, packaging, pharmaceuticals, and other industries along with significant investment by prominent manufacturers is, expected to drive the growth for renewable chemicals.

Archer-Daniels-Midland Company (ADM), Cargill Inc, DSM, BASF SE, Amyris Inc, Evonik Industries AG, Solvay, The Dow Chemical Company, Genomatica, Inc, and Braskemare are among the well-established players in the global renewable chemicals market.

The report segments the global renewable chemicals market as follows:

By Product the Global Renewable Chemicals market is segmented into Acrylic, Alcohols, Organic Acids, Ketones, Platform Chemicals, Biopolymers, Others.

By Application the Global Renewable Chemicals market is segmented into Food and Beverages, Agriculture, Textiles, Transportation, Chemical Intermediates, Packaging, Bio-Medical & Pharmaceuticals, Others.

By Geography

North America
- US
- Canada
- Mexico
Europe
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of SAM

Extruded Snacks Market Emerging Factors, Future Demands, and Key Players

According to our latest market study, titled on "Extruded Snacks Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Category (Second Generation Snacks and Third Generation Snacks), Raw Material (Roots and Tubers, Cereals and Grains, Pulses and Lentils, and Others), and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)," the global extruded snacks market is projected to reach US$ 93,898.88 million by 2028 from US$ 62,124.75 million in 2022. It is expected to grow at a CAGR of 7.1% during 2022-2028. The report highlights key factors driving the market growth and prominent players along with their developments in the market.

The demand for extruded snacks is significantly rising because of the convenience they offer to consumers. The extruded snacks market is driven by the rising number of consumers with a busy lifestyle and growing preference for fast on the-go snacks that can be consumed without hassle. These snacks These products are mostly available in supermarkets, hypermarkets, and convenience stores, which constitutes a significant market share in based on the distribution channel segment.

Furthermore, eExpanding retail distribution channels is another factor behind the risingraising the sales of extruded snacks in rural and level II cities. For instance, with the continuous economic growth of China, the purchasing power of consumers has increased. These consumers are willing to pay more signigicant amount for excellent products containing which contain organic ingredients. Many market players are launching their products in very good quality supermarkets to have attempted to expand their presence and become market leaders by launching their products in top of the line supermarkets. Therefore, the very good quality supermarket sector shows considerable promise growth as the quantity of consumers with strong purchasing power is growing.

PepsiCo; AMICA CHIPS S.p.A.; Calbee; PEPPERIDGE FARM INCORPORATED; Kellogg's Company; General Mills Inc.; Meiji Holdings Co., Ltd.; Sensible Portions; Old Dutch Foods, Inc.; and Mikesell's Snack Food Company are among the key players operating in the global extruded snacks market. These companies provide an extensive variety of product portfolios for the market. They have a widespread global presence, which provides a lucrative opportunity forhelps the market tom to serve a large set of customers and increase share of the market share. These market players are profoundly focused on developing products with advanced innovation platforms to serve their customers better.

Impact of COVID-19 Pandemic on Extruded Snacks Market
The COVID-19 pandemic had initially affected the global extruded snacks market because of the shutdown of manufacturing units, rising prices of raw materials, shortage of labor, disruption of supply chains, and financial instability.

Extruded snacks are part of tThe food and beverages industry. The industry's disruption because of the economic slowdown caused by the COVID-19 outbreak had restrained the demand for extruded snacks. Be that as it may, businesses are gaining ground as previously imposed limitations are being eased across various countries. Additionally, the introduction of COVID-19 vaccines by governments of various countries has eased the situation, leading to the rise in business activities around the world. The pandemic has also collaterally resulted in the growth of the food and beverages industry post recovery from the production disruptions. The increased purchasing of packaged food and beverages has eventually aided the extruded snacks market post the pandemic outbreak situation.

The report includes the segmentation of the global extruded snacks market as follows:
Based on category, the global extruded snacks market is segmented into second generation snacks and third generation snacks. Based on raw material, the global extruded snacks market is segmented into roots and tubers, cereals and grains, pulses and lentils, and others. Based on distribution channel, the global extruded snacks market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others.

By geography, the extruded snacks market is broadly segmented into North America, Europe, Asia Pacific (APAC), Center East and Africa (MEA), and South and Central America. The market in North America is further segmented into the US, Canada, and Mexico. The market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The extruded snacks market in Asia Pacific is subsegmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in Center East and Africa (MEA) is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The market in South and Central America is subsegmented into Brazil, Argentina, and the Rest of South and Central America.

Fill Finish Manufacturing Market Report Analysis With Industry Share Published by Leading Research Firm

According to our new research study on "Fill Finish Manufacturing Market to 2027 - Global Analysis and Forecast - by Product and End User," the fill finish manufacturing market was valued at US$ 6,129.03 million in 2019 and is projected to reach US$ 12,547.23 million by 2027; it is expected to grow at a CAGR of 9.6% during 2020-2027. The growth of the market is attributed to rising adoption of prefilled syringes for parenteral administration, and elevating demand for biologics. However, the growing competition in biopharmaceutical contract manufacturing industry hinders the growth of the market.

North America dominated the global fill finish manufacturing market in 2019 and accounted for approximately half of the market income. The market growth in the region is credited to the broad research and improvement activities, and technological advancements in the manufacturing of innovative biopharmaceutical and pharmaceutical products. Similarly, the significant growth of the biopharmaceutical industry in North America and increasing investment by international companies are probably going to support the fill finish manufacturing market growth in North America in the coming years. Based on product, the fill finish manufacturing market is portioned into consumables and instruments. The consumables portion is expected to register a higher CAGR in the market during the forecast time frame. On the basis of end user, the market is divided into contract manufacturing organizations, biopharmaceutical companies, and other end users. The contract manufacturing organizations fragment dominated the fill finish manufacturing market in 2019.

Rising Adoption of Prefilled Syringes for Parenteral Administration Powers Fill Finish Manufacturing Market Growth

Parenteral administration is one of the most prominent courses decided to stimulate immediate resistant response and guarantee 100 percent bioavailability of pharmaceutical products. A steady rise in the turn of events and market availability of parenteral medications has impelled the demand for advanced, financially savvy drug conveyance gadgets that promise ease of administration. Prefilled syringes portion is a rapidly growing section of the fill-finish manufacturing market. The benefits of prefilled syringes over traditional conveyance frameworks include easy administration, further developed safety, accurate dosing, and diminished contamination risks, among others. Among drug conveyance gadgets, prefilled syringes address one of the fastest-growing primary packaging formats, which are also intended for portion administration. In the past 10 years, there has been an apparent increase in the advancement of parenteral medications (especially with the introduction of several classes of biologics), which has brought about approximately three-overlay increase in the consumption of prefilled syringes. The sustained inclination for the pre-filled syringes can be attributed to safety and easy-of-use of these products. Current variants are planned with provisions to decrease blunders in dosing, risk of occlusions, leakage of liquids (i.e., extravasation), and inflammation of veins (phlebitis). Owing to the benefits mentioned above, several injectable medications — Humira, Enbrel, Avastin, PREVNAR 13, ALPROLIX, and Benefix, among others — diluents, and other products requiring parenteral administration are packaged in prefilled syringes. Throughout the course of recent years, ~90 drugs have been approved in the prefilled syringe form across various regions, including North America, Europe, and Asia Pacific. Several medications in clinical stages of medication advancement are being evaluated in combination with prefilled syringes.

The filling of sterile medications into prefilled syringes is considered one of the most crucial stages in the pharmaceutical production process. Legitimate fill finish operations are necessarily carried out under aseptic conditions to maintain pharmacological efficacy and quality and to guarantee the safety of end users. The syringe filling is a perplexing operation as it requires close monitoring of both the syringe fill volume as well as the headspace between fluid in the syringe and bottom of the unclogger. Additionally, the rise in complexity of small particle active pharmaceutical ingredient (APIs) and the increasing diversity of biologic medications also contribute to the demand for advanced aseptic fill finish operations.

Companies, including small enterprises and large businesses, outsource their fill finish operations to contract specialist organizations. According to the tenth Annual Report and Overview of Biopharmaceutical Manufacturing Capacity and Production, manufacturers of biologicals have been seen to outsource over 30% of their fill finish operations. With the increase in the demand for prefilled syringes and the growing complexity of fill finish processes, outsourcing these operations is probably going to increase further later on. At present, in excess of 100 companies on the planet are providing fill finish administrations for prefilled syringe manufacturers. To adapt to the current and future market demand, specialist organizations are actively investing in expanding their existing infrastructure and capabilities; they are also expanding their customer base through help agreements since the past couple of years. As injectables account for ~55% of medication candidates in the global Research and development pipeline, the businesses of prefilled syringe manufacturers and associated specialist organizations are projected to grow in the coming years. Because of the new Coronavirus pandemic, vaccine advancement initiatives have increased across the world. This is expected to significantly raise the demand for prefilled syringes, providing an additional motivation to the overall fill finish manufacturing market.

Fill Finish Manufacturing Market: Segmental Outline

Regarding product, the consumables portion is anticipated to register a higher CAGR in the fill finish manufacturing market during the forecast time frame. The greater sales of consumables is mainly attributed to higher replacement rate than instruments as the former has short time span of usability and are expected in large quantities. The consumables fragment accounted for over 58.66% share in the fill finish manufacturing market in 2019. As far as end user, the market for the contract manufacturing organizations section is expected to grow at the fastest CAGR during the forecast time frame.

Halal Cosmetics Market Overview and Regional Outlook Study

According to our latest market study on " Halal Cosmetics Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product Type (Skincare, Haircare, Makeup, and Others), Category (Men, Women, and Unisex), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, Others)" the market is expected to grow from US$ 36,686.54 million in 2022 to US$ 79,861.73 million by 2028; it is estimated to grow at a CAGR of 13.8% from 2022 to 2028. The report highlights key factors driving the halal cosmetics market and prominent players and their progress in the market.

Halal restorative products are corrective products that adhere to Islamic standards, i.e., corrective products liberated from pig-determined and other prohibited ingredients. Halal restorative products are also wudu-accommodating (permeable to water) as expected by Islamic standards.

There has been a growing awareness among the consumers about the harmful impacts of synthetic cosmetics, for example, respiratory distress and skin allergies, which has moved consumers' inclination toward halal cosmetics. Additionally, the rise in the Muslim population across the world and an increase in the spending by the Muslim population on superficial products are augmenting the expansion of the halal cosmetics market. With the growth envisaged in the coming years, new start-up cosmetics players are emerging, and the sector is diversifying its product portfolio. Also, the increased penetration of online retail has given growth opportunities to halal cosmetics manufacturers to sell their products via online platforms to increase their reach. An increased number of manufacturers is leveraging the reach of social media to spread awareness about halal cosmetics to consumers. Along with this, men and women especially in urban areas are showing increased interest and awareness towards halal ensured corrective products. The increased demand from Southeast Asian nations for halal cosmetics is also driving the halal cosmetics market growth.

Clara International Beauty Group; Inglot Cosmetics; Inika Organic Australia; IVY Beauty Corporation; MMA Bio Lab Sdn Bhd; OnePure, LLC; PT Paragon Technology and Innovation; PHB Ethical Beauty Ltd.; Sampure Minerals; and IBA Cosmetics are the well-established players constituting the majority of the halal cosmetics market share.

Impact of COVID-19 Pandemic on Halal Cosmetics Market
The COVID-19 pandemic adversely affected the consumer merchandise industry with the closure of manufacturing facilities, trouble in procuring raw materials and components, and restrictions on logistic operations. The disruptions in the stock of raw materials to manufacturers hampered the production of halal cosmetics. The outbreak distorted operational productivity and disrupted the value chains because of the unexpected closure of national and international boundaries, creating income misfortune and damage. Various halal cosmetics manufacturers had to temporarily close their operations or limit their production capacities, negatively impacting the halal cosmetics market. Notwithstanding, the businesses are gaining ground as governments of various nations overall have eased out the previously forced restrictions. The start of operations in the halal cosmetics manufacturing units is positively impacting the halal cosmetics market.

The "Global Halal Cosmetics Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a special focus on the global halal cosmetics market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The market is segmented based on product type, category, distribution channel, and geography. Based on product type, the market is segmented into skincare, haircare, makeup, and others. In terms of category, the market is segmented into men, women, and unisex. Based on distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. Based on geography, the market is segmented into five main regions North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. In 2020, Asia Pacific dominated the halal cosmetics market and is expected to be the fastest-growing region over the forecast period. The countries in the Asia Pacific are emerging markets for halal cosmetics. This can be attributed to the increasing awareness about animal welfare and the harmful effects of synthetic cosmetics. Moreover, the increase in the population of Muslims in the countries across Asia Pacific is driving the demand for halal cosmetic products.