According to the latest report by IMARC Group, titled “Halal Cosmetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on halal cosmetics market report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global halal cosmetics market size reached US$ 30.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 53.2 Billion by 2028, exhibiting a growth rate (CAGR) of 9.4% during 2023-2028.
What are halal cosmetics?
Halal cosmetics refer to a class of beauty and personal care products that are manufactured by adhering to principles of Islamic law (Shariah), ensuring they are free from prohibited ingredients. The ingredients in Halal cosmetics are ethically sourced, while prioritizing purity and conducting rigorous quality assurance to comply with halal standards. Halal cosmetics are free from alcohol, pork-derived ingredients, certain animal-derived ingredients, harmful chemicals and impure substances that may be considered Haram in Islam. Some of the benefits offered by these cosmetics include religious compliance, safety and health-consciousness, and clean beauty products.
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What are the growth prospects and trends in the halal cosmetics industry?
The market is primarily driven by the considerable growth in the global Muslim population. In line with this, the rising consciousness regarding the ingredients used in cosmetics and the ethical aspects of their production among non-Muslim individuals are also resulting in a higher product uptake. Moreover, the inflating disposable income levels of the consumers is resulting in increased sales of high-quality products that align with religious and cultural values. Furthermore, favorable government initiatives, particularly in Muslim-majority countries, supporting the Halal industry, including the cosmetics sector is also acting as a major growth-induing factor for the market. Some of the other factors contributing to the market include growing product premiumization, innovate marketing strategies and brand differentiation by the manufacturers, shifting consumer preferences towards clean label products, and extensive research and development (R&D) activities by key players.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Clara International Beauty Group
- Halal Beauty Cosmetics
- INGLOT Cosmetics
- INIKA Organic
- IVY Beauty Corporation Sdn Bhd
- Martha Tilaar Group
- PHB Ethical Beauty Ltd
- Sampure Minerals
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Halal Cosmetics Market Segmentation:
Our report has categorized the market based on region, product type and distribution channel.
Breakup by Product Type:
- Personal Care Products
- Skin Care
- Hair Care
- Color Cosmetics
Breakup by Distribution Channel:
Breakup by Regional Insights:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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