Halal products gaining market share in Spain’s $15 billion beauty and personal care industry
Photo credit: Niloo / Shutterstock.com
Spain exported close to $500 million in cosmetics products to OIC markets in 2015 and its domestic Muslim spend is estimated at $380 million. With increasing demand among Muslim consumers for halal-certified cosmetics products, and growing interest in Spanish cosmetics companies to get certified, what are the opportunities to launch a halal cosmetics brand in Spain?
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Haroon Latif, Director of Strategic Insights, DinarStandard