Global Halal Cosmetics Market, By Product (Personal Care, Colour Cosmetics and Fragrance), Distribution Channel (Online and Offline), Application (Hair Care, Skin Care, Beauty Care, Face Care and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Due to the rising Muslim population, the halal cosmetics market is rapidly on the rise in its market value where currently it stands at USD 39.09 billion. Data Bridge Market Research analyses that the market will exhibit a CAGR of 12.5% for the forecast period of 2021-2028. This signifies that the market value, by 2028, would climb up to USD 100.3 billion.
Halal cosmetics are products that aren’t composed of any ingredients which are not permissible by Islamic law. These beauty care and skincare products are also vegan free and aren’t composed of any ingredients that may harm the skin or cause side effects. The products are also free from any ingredients derived from animals or genetically modified organisms as they are considered to be unclean by the law.
The increased penetration of halal products in the cosmetics industry along with the compliance of halal certification has concluded in rising demand for the market. The rapidly increasing number of Muslim women entering into the fashion and cosmetics industry and become professionals is also in a way leading to the rise in the demand for halal cosmetic products. Over the past few years, the halal cosmetic industry was limited to manufacturing only certain products. But with widening the scope of products, the demand for the same has subsequently risen. Also, the more and more Muslim population is shifting towards such products as they are the symbol of cleanliness, free of animal cruelty and hygiene.
However, high costs associated with the products may hamper down the growth of the market. Also, lack of standard guidelines for halal certification may too prevail as a growth restraint for the market. There also exists lack of awareness about the same which will hold down the market from growing. Low adoption rate in the market for the products has also slowed down the growth rate. Competition from other products and brands and stringent regulations by the government of many countries on halal cosmetic products is also dampening the growth of the market.
This halal cosmetics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on halal cosmetics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Halal Cosmetics Market Scope and Market Size
The halal cosmetics market is segmented on the basis of product, distribution channel and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the halal cosmetics market is segmented into personal care, colour cosmetics and fragrance. Personal care products can be further sub-segmented into skin care, hair care and others. Colour cosmetics are further bifurcated into face, eyes, lips and nails.
- On the basis of distribution channel, the halal cosmetics market is segmented into online and offline mode.
- On the basis of application, the halal cosmetics market is bifurcated into hair care, skin care, beauty care, face care and others.
Halal Cosmetics Market Country Level Analysis
Halal cosmetics market is analyses and market size, volume information is provided by country, product, distribution channel and application as referenced above.
The countries covered in the halal cosmetics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the halal cosmetics market due to the highest Muslim population in this region. The market penetrating into both big and small markets with wider range of products is another prime reason for the region to hold the biggest market share. Asia-Pacific is also expected to continue to grow and witness the highest CAGR for the forecast period owing to the rising awareness about the halal cosmetic products, its benefits over other cosmetics that bring along a range of side effects and the products symbolizing that they are safe to use and are free from animal slaughtering.
The country section of the halal cosmetics market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Halal Cosmetics Market Share Analysis
Halal cosmetics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to halal cosmetics market.
The major players covered in halal cosmetics report are Amara Halal Cosmetics, HALAL BEAUTY COSMETICS, SAAF International., INIKA Organic Australia, Martha Tilaar Group., OnePure, LLC., IVY Beauty Corporation., MMA BIO LAB SDN BHD., CLARA INTERNATIONAL BEAUTY GROUP., INGLOT Cosmetics, Iba Cosmetics, TALENT COSMETICS, PHB Ethical Beauty Ltd, Tuesday in Love, Wardah, Wipro Unza Holdings Ltd., SirehEmas Marketing Sdn Bhd, TALENT COSMETICS, PROLAB COSMETICS and Ecotrail Personal Care Pvt. Ltd. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Halal Cosmetics Market
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