Halal Cosmetics Market Size Expected to Increase

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According to Market Statsville Group (MSG), the global market size for halal cosmetics is expected to grow from USD 24,731.8 million in 2021 to USD 62,246.3 million by 2030, growing at a CAGR of 10.8% 2022 to 2030. Halal cosmetics are created by employing ingredients permitted by Islamic Shariah. These goods do not include any part or ingredient of the human body. Other than that, these cosmetic items do not include components derived from animals prohibited by Islamic law or killed in a non-halal manner. These items are also free of Genetically Modified Organisms (GMOs), which are considered dirty. Manufacturers must certify each of these items to ensure they do not contain any components that violate Islamic law.

Global Halal Cosmetics Market Definition
The market is driven by a growing Muslim population, representing more than a fifth of the world’s population. Overall spending on halal items is increasing as the younger generation becomes more conscientious shoppers. Previously, the selection of halal cosmetics was restricted; however, in recent years, the demand for these products has increased, which has increased the number of halal-certified cosmetic producers in the market. These companies currently offer a wide range of items including perfumes, toners, lipstick, shampoos, lotions, soaps, powders and shower gels.

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Currently, a significant portion of the non-Muslim community is turning to halal beauty products, which represent safety, cleanliness, and sanitation while being free from animal by-products. Moreover, the creation, packaging and storage of halal cosmetics require a high level of cleanliness, which boosts their popularity in many non-Muslim countries. The internet industry, including e-commerce and social media platforms, continues to play an important role in driving the demand for halal cosmetics and is growing faster than traditional distribution channels. Additionally, manufacturers are influencing customers on a large scale through social media platforms such as YouTube, Facebook, and Instagram.

Impact of COVID-19 on the Global Halal Cosmetics Market
With the COVID-19 situation affecting the entire world, the growth of many industries has seen a decline in demand, although many other areas have remained untouched and shown promising growth signals. COVID-19 has varying effects on various businesses. The COVID-19 pandemic has had a significant impact on global halal cosmetics markets. Yet it has also created opportunities for new product lines such as creams, face creams, eye care and sanitizers, as the outbreak has shifted consumer demand for products above the mask such as eye care, eye makeup, hand creams, face creams and others. Most conventional markets around the world are becoming saturated, but the Muslim community generates several fast-growing consumer items and segments around the world. The halal cosmetics market is one of the most promising sectors, with the strongest growth in recent years. This market has significant development potential for personal care and cosmetics producers worldwide.

Global Halal Cosmetics Market Dynamics
With the growing demand for fashionable personal care and beauty products in line with religious values, halal cosmetics have enjoyed strong popularity among Muslim customers. Due to a surge in demand for halal cosmetics globally, the halal cosmetics market has expanded its product base to significantly enter the cosmetics market.

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The increased purchasing power of the growing Muslim population and the desire of young Muslim women to combine their interest in fashion and makeup with Islamic loyalties has fueled the consumption of halal cosmetics in countries such as Saudi Arabia. , Iran, United Arab Emirates, Malaysia and Indonesia. . Consumers also interested in fashion and makeup trends have fueled the consumption of halal cosmetics, which will boost the global halal cosmetics industry. These aspects present exciting prospects for multinational companies in the global halal cosmetics industry.

Some factors limiting the market growth include lack of authentication laws, liberal government regulations, difficulties in positioning and marketing, and short shelf life of organic products.

The Halal cosmetics market is still in its infancy with global companies pursuing aggressive strategies to create and incorporate Halal certified items into their product range. The halal emblem is considered an indication of product safety and quality assurance, which drives the growth of the market. To expand their consumer base and obtain maximum certifications, major companies in the cosmetics sector are partnering with players in the field of vegan and organic product manufacturing. Some of the regulatory bodies in Southeast Asian countries that provide halal certification are Jabatan Kemajuan Islam Malaysia (JAKIM), Majelis Ulama Indonesia (MUI) and Majelis Ugama Islam Singapura (MUIS). However, the lack of globally recognized halal compliance certification and a uniform procedure may limit market expansion.

Global Halal Cosmetics Market Scope
The study categorizes the Halal Cosmetics market based on product and distribution channel regionally and globally.

By Product Outlook (Sales, USD Million, 2017-2030)
Skin care
Hair care
To put on makeup
Others
By Distribution Channel Outlook (Sales, USD Million, 2017-2030)
Supermarkets/Hypermarkets
Specialty stores
convenience stores
Online stores
Others
Outlook by Region (Sales, USD Million, 2017-2030)
North America
WE
Canada
Mexico
Europe
Germany
Italy
France
UK
Spain
Poland
Russia
The Netherlands
Norway
Czech Republic
The rest of Europe
Asia Pacific
China
Japan
India
South Korea
Indonesia
Malaysia
Thailand
Singapore
Australia and New Zealand
Rest of Asia-Pacific
South America
Brazil
Argentina
Colombia
Rest of South America
The Middle East and Africa
Saudi Arabia
United Arab Emirates
South Africa
North Africa
Rest of MEA

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Skincare segment accounts for largest market share by product
Based on product, the Halal cosmetics market is divided into skin care, hair care, makeup, and others. Skincare dominated the market with the largest share. Rising awareness of the benefits of using skincare products is expected to drive the growth of the skincare segment. Most cosmetics contain substances that irritate the skin and can have long-term health consequences. Therefore, halal cosmetics are a viable and profitable choice for customers. The segment’s growth is expected to be driven primarily by rising disposable income and the adoption of a modern lifestyle.

Asia-Pacific accounts for the highest CAGR during the forecast period by region
Based on regions, the global halal cosmetics market has been segmented into North America, Asia-Pacific, Europe, South America, and Middle East & Africa. The Asia-Pacific region is expected to witness the most profitable growth with the highest CAGR during the forecast period. Factors such as increasing spending on personal care products, increased awareness of the dangers of transdermal cosmetics, and increased desire for eco-friendly cosmetics have boosted the growth of products in this regional industry. Cosmetic companies in this region are trying to strengthen their positions by offering various products. Businesses are harnessing the reach of social media to educate their customers and engage with their target audiences.

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Key Market Players in the Global Halal Cosmetics Market
The global halal cosmetics market is highly competitive with major industry players adopting strategies such as product development, partnerships, acquisitions, agreements, and expansion to strengthen their market positions. Most of the companies in the market are focused on expanding operations in regions, increasing their capabilities, and building strong relationships with partners.

The main players in the global halal cosmetics market are:

Saaf Skin Care
Clara International
Inika
Prolab cosmetics
NUTRALab
The halal cosmetics company
Kose
Sampure Minerals Amara Cosmetics Inc.
IBA Halal care
crode
Wardah Cosmetics
Amara Cosmetics
onepure
PHB Ethical Beauty
Mena Cosmetics

Eric Martin
416 Standberry Street East,
Perkins, Oklahoma 74059, USA
USA: +1-580-205-2707 | India: +91-702-496-8807
Email: [email protected]
MSG Blog https://marketstatsvilleblogs.com/
The Web: https://marketstatsville.com/

Market Statsville Group (MSG) partners with businesses and society to confront their critical risks and challenges in order to seize the enormous opportunities that lie before them. MSG began its work in 2017, and since then the brand has evolved to become a pioneer in business consulting and market research services.
We are the leading market research and strategy builder with the depth and breadth of solutions that perfectly meet all your needs. MSG provides solutions across a wide range of industry verticals in market sizing, analytics and incisive business intelligence. MSG’s experienced research analysts are skilled at digging deep and providing a variety of customizable data that helps you make decisions with clarity, confidence, and impact.

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