Global Halal cosmetics market continues to prosper

With the global Halal cosmetics market expected to reach USD55 billion in 2017, Spire Research and Consulting shared its views on the outlook for this category in an article published in Techno Business Insight.

As the global Muslim population reaches 1.6 billion people, awareness of Halal cosmetics has surged.

Halal cosmetics are not permitted to contain any animal blood, pigs or alcohol content. The entire supply chain, production, packaging as well as distribution process needs to comply with these rules to be certified as Halal.

The rise of e-commerce has pushed the demand for Halal cosmetic products even further.

https://www.spireresearch.com/newsroom/media/global-halal-cosmetics-market-continues-to-prosper/

Comments

Spire appointed Official Research Partner to the BMW Malaysian Open once more

The BMW Malaysian Open has carved a place in the tennis world’s calendar of key events. This year, it was held from 14 to 20 April 2014 at the Royal Selangor Golf Club in Kuala Lumpur, Malaysia. Spire was honored to be appointed as the Official Research Partner of the BMW Malaysian Open for the third consecutive year. In collaboration with the Women’s Tennis Association (WTA) Tour and the Lawn Tennis Association of Malaysia (LTAM), Spire was excited to be a partner to this global sporting event. It witnessed world-class players in action, including Karolina Pliskova, Hsieh Su Wei and Venus Williams. As the Official Research Partner, the Spire Malaysia team contributed its research expertise in developing fact-based insights from spectators, so as to aid the organizers in improving the event for the coming years. The Spire team was thrilled to be a part of this exciting tournament once again. https://www.spireresearch.com/newsroom/events/spire-appointed-official-research-...

Korea needs to focus on developing service robots

The Korean robotics industry grew by 60% a year between 2005 and 2011. Korea has a strong position in industrial robots. Now, the government’s focus should now be on developing service robots to sustain growth. Spire Research and Consulting shared its insights, published on the Business Korea news portal. Korea’s industrial robot sector is larger than any country’s, except for Japan, China and the U.S. However, the service robot sector is emerging as a new growth hotbed, thanks to the accelerated use of artificial intelligence. However, Korea does not have any companies that specialize in the development of service robots. It will take time to further develop Korea’s service robotics technology which is where the government and Korean enterprises need to step in and focus so as to claim early global leadership. https://www.spireresearch.com/newsroom/media/korea-needs-to-focus-on-developing-service-robots/

China leads e-commerce growth through smartphones

400 million Chinese consumers make online purchases and China’s e-commerce market is set to reach USD1.57 trillion by 2018, making it the world’s largest. As smartphone penetration continues to surge in Asia, online retail is evolving. Will mobile commerce become the dominant mode for online purchases in Asia? Japnit Singh, Senior Director at Spire Research and Consulting, shared his insights in China Daily – Asia Weekly. China’s e-commerce retail sales in 2015 increased by 42.1% to reach USD672 billion. This is equivalent to over 40% of global e-commerce retail sales. As the online retail experience continues to evolve, more purchases are made using smartphones. Growth factors responsible for this e-commerce boom include the rise in demand for imported products due to rising incomes, new online platforms and initiatives by the government. Cross-border consumer e-commerce added up to about USD40 billion (in 2015) – more than 6% of China’s consumer e-commerce in total. ...

Spire joins list of sponsors for Phoenix Global Chamber

The Phoenix Global Chamber aims to grow the number of people successfully engaged with cross-border trade and investment. With over 20,000 followers on its list, it strives to advance companies, careers as well as communities. Spire Research and Consulting is proud to announce its association with the Global Chamber of Phoenix as a sponsor. The Global Chamber of Phoenix, Arizona further engages leaders, companies and communities to facilitate global business growth and improve cross-border understanding. It aims to bring together like-minded people with the common mission of growing business across borders. As a sponsor, Spire will have the privilege of appearing in banner ads across the Chamber’s website, featured in regular e-newsletters and have access to speaker opportunities. Spire is proud of this new association and hopes to have the privilege of working with more Phoenix-based organizations to develop and execute their strategies in global emerging markets. This a...

How will policies affect the construction industry?

- Mr. Japnit Singh, Senior Director, Singapore and India, Spire Research and Consulting India, as the world’s seventh largest country by area and second biggest by population, is one of the most dynamically growing, but largely untapped construction equipment markets. From 2013 to 2020, it is estimated to grow six times to a size of USD20 billion to USD25 billion. The Planning Commission, Government of India, jointly with the Indian construction industry has set up Construction Industry Development Council (CIDC) to take up activities for the development of the Indian construction industry. The Council, for the first time in the country, provides the impetus and organizational infrastructure to raise quality levels across the industry. This helps to secure wider appreciation of the interests of construction business by the government, industry and peer groups in society. CIDC is a change agent to accelerate a process of self-reform that should enable the industry...

The Knowledge to Decide

Search This Blog