4% over the period of 2022-2028. Halal cosmetics are manufactured or sourced from halal ingredients, including oils, organic solvents, proteins, vitamins, plant, and botanical extracts, and antioxidants. In the U.K., around 35% of Muslims fall into the demographics of 1835 years old, a significant consumer base for the halal cosmetics market. Rapid urbanization and growing standards of living have boosted the cosmetics market in India. For the purpose of this study, Grand View Research has segmented the global halal cosmetics market report on the basis of product and region: Product Outlook (Revenue, USD Million, 2014 - 2025), Regional Outlook (Revenue, USD Million, 2014 - 2025). Our support available to help you 24 hours a day, five days a week. Considerable Islamic population base across the globe that is willing to pay premium prices for Halal-certified beauty products is anticipated to drive the product demand over the forecast period. The companies have a potential opportunity to shift their focus from merely hygiene products to solution- oriented personal care products. The rising demand for diverse halal-certified products, such as perfumes, toners, lipstick, etc., as they are safe and free from animal byproduct, is primarily driving the global halal cosmetics market. Looking forward, IMARC Group expects the market to reach US$ 54.06 Billion by 2027, exhibiting at a CAGR of 11.85% . Some of the prominent industry participants are Martha Tilaar Group, Clara International, Wipro Unza, Paragon Technology and Innovation, and Ivy Beauty Corporation Sdn Bhd. Thank you for requesting a call back, our sales representative will get in touch with you shortly! These factors create lucrative opportunities for the multinational players operating in the global halal cosmetics market. GCC Halal Cosmetics Market to Grow at 19.8% CAGR by 2027 | IMARC Group According to the latest report by IMARC Group, titled, "GCC Halal Cosmetics Market Size: Industry Trends, Share, Growth,. The product range includes fragrances; personal care products applicable for personal hygiene; color cosmetics such as lipsticks, foundation, lip balms; and skin care products, including rejuvenating creams, moisturizers, and lotions. The global halal cosmetics market size was estimated at USD 23.03 billion in 2018 and is projected to expand at a CAGR of 12.3% over the forecast years. 1. This trend is significantly noticeable in products such as body wash, hair care products, traditional soap cakes and skin care products. Considerable Islamic population base across the globe that is willing to pay premium prices for Halal-certified beauty products is anticipated to drive the product demand over the forecast period. The market has been driven by several factors such as the growing Muslim population, increasing demand for fashion and beauty products, and strong religious beliefs. Currently, these manufacturers offer a wide range of products, including perfumes, toners, lipstick, shampoos, lotions, soaps, powders and shower gels. Based on the product type, the global halal cosmetics market has been segmented into personal care products and color cosmetics, where personal care products currently hold the majority of the total market share. Increasing disposable income coupled with the adoption of modern lifestyle is presumed to be the major factor behind the segments development. online dashboard trial. Halal skincare products provide essential care with assured standards, further driving the segment growth. Keeping in mind the uncertainties . 2022 IMARC Services Private Limited. On a regional level, the market has been classified into Asia Pacific, Middle East and Africa, Europe, North America, and Latin America, where Asia Pacific currently dominates the global market. All Rights Reserved. Halal Cosmetics Global Halal Cosmetics Market to Reach $99.3 Billion by 2027 In the changed post COVID-19 business landscape, the global market for Halal Cosmetics estimated at US$39.7 Billion in the year 2020, is projected to reach a revised size of US$99.3 Billion by 2027, growing at a CAGR of 14% over the analysis period 2020-2027. Halal cosmetics are manufactured by using ingredients, which are permissible according to the Islamic Sharia law. Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network. From manufacturing stand, production stoppages due to the pandemic shall cast considerable stress on operational costs. The halal cosmetics market is in its nascent stage, with global players adopting aggressive strategies to develop and introduce halal-certified products in their product portfolio. This report. The Halal Cosmetics market scenario is forecasted for several nations using a variety of data points, including consumption quantities, import-export analysis, production sites and volumes, cost of raw materials, price trend analysis, downstream and upstream value chain analysis, and similar others. Choose reports from a database of more than 10,000 reports. Other than this, such cosmetic products do not contain ingredients obtained from animals, which are prohibited by Islamic law or from the ones slaughtered in a non-halal way. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. We, Yahoo, are part of the Yahoo family of brands. The availability of e-commerce platforms during these times has, however, offset the disruptions caused in the last-mile supply of customer purchases. The halal cosmetics markets most prominent driver is the surging demand for halal products by the growing Islamic population. See for yourself. The report includes the analysis of the regional as well as global halal cosmetics market trends, key players, market segments, application areas, and market growth strategies. Halal-certified beauty is a booming market with a global turnover worth USD 74.7 billion in 2020 [].Driven by the increasing religious awareness of younger Muslim consumers and the growing Muslim population worldwide, sales of halal cosmetics are projected to grow 9.6% CAGR until 2026 [].To date, South-East Asia is the main market for halal cosmetic and personal care products. 53.2 Billion by 2028, exhibiting a growth rate (CAGR) of To portray industry behavior during the anticipated term more accurately, the . Although the production costs of halal cosmetics are usually higher than regular products, consumers are willing to pay extra due to their strong religious beliefs. Major growth factors for GCC halal cosmetics market include strong and wide presence and growing Muslim population and . Thank you for contacting us, our sales representative will get in touch with you shortly! The skincare products comprise body shampoos, body lotions, soaps, and sunscreen products, among others. Regional Segment Analysis. In the year 2021, the Global Halal Cosmetics Market was valued at USD 27,345.00 million. ( US: +1-631-791-1145 ) The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of halal cosmetics. However, the lack of recognized global halal compliance certification and the standard process might hamper the market growth to a certain extent. As per the Research Center Forum on Religion & Public Life, in 2010, Indonesia held the highest Muslim population in the world, i.e., 209.1 million, and accounted for 13.1% of the total Muslim population. The halal cosmetics market has expanded its product base to prominently tap into the cosmetics market owing to increase in demand for halal cosmetic products worldwide, particularly regions dominated by Muslim population such as UAE, Saudi Arabia, Indonesia, Malaysia, Turkey, and others. For example, Eco trail, an Indian company and U.K.-based PHB Ethical Beauty offer products that are not only Halal certified but also cruelty-free and free from harmful substances. Mn in 2018 and is projected to increase significantly at a CAGR of 12.7% from 2019 to 2028. 398.8. 8. Who are the key players/companies in the global halal cosmetics market? Major countries in each region are mapped according to their revenue contribution to the global market. Gulf Cooperation Council (GCC) Halal Cosmetics Market size is expected to expand at a steady CAGR of 16.2% during the forecast period between 2022 and 2028. The global Halal Cosmetics market research report provides comprehensive details on recent industry advancements, market share, market size, trade regulations, the effects of domestic and localised market participants, production analysis, and value chain optimization. Furthermore, policies across the globe restricting the movement of people have also led to disruptions in the supply of personal care products. The KSA cosmetics market is worth $4.7billion as recorded in 2015 and due to major brands and household names in Saudi Arabia, including Estee Lauder Companies, L'Oreal, and Unilever tapping into the halal cosmetics market, the average Saudi Arabian woman spends no less than $3,800 per year on cosmetics. What are the key factors driving the global halal cosmetics market? 2028. UAE has emerged as an exceptionally attractive market for cosmetic companies to introduce their new products as it is one of the largest beauty markets in the world and is endorsed by affluent clientele. According to the CXO insights of key players of the halal cosmetics market, lack of standard guidelines for halal certification and high costs associated with halal cosmetics are the major challenges that can restrain the growth of the global halal cosmetics market. The prominent players in the cosmetic market are collaborating with players in the field of vegan and organic product manufacturing to expand their customer base and secure maximum certifications. MarketStudyReport recently added latest report, The Halal Cosmetics Market is expected to grow significantly at a CAGR of more than 9.0% during the forecast period. The skincare segment held the largest market share in 2019 and is expected to continue the same during the forecast period. 4. The growth of the global halal cosmetics market is driven by rise in Muslim population, development of the halal market, and increase in compliance of halal certification. On the geographical front, Asia Pacific currently represents the largest market for halal cosmetics, accounting for the majority of the global share. Halal cosmetics have witnessed significant adoption among the Muslim consumers owing to the increased demand for personal grooming and trending beauty products that adhere to religious loyalties. Halal Cosmetics Market Size, Assessment, Key Factors, and Challenges by 2030 According to the research report published by Polaris Market Research, the Global Halal Cosmetics Market Is Anticipated To Reach USD 22.53 Billion By 2026, at a CAGR of 6.0% during the forecast period. Health-related diseases, such as genital abnormalities and breast cancer, caused by cosmetics have given rise to various concerns regarding the ingredients. Click Manage settings for more information and to manage your choices. This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. NEWARK, Del, Sept. 08, 2022 (GLOBE NEWSWIRE) -- The global halal cosmetics market size is expected to showcase an opulent growth opportunity with a phenomenal CAGR of 11.6% from 2022 to 2032. Apart from the domestic market, India is also considered to be the hub of exports for halal products from the UAE, Bangladesh, Saudi Arabia, and Malaysia. Indonesia, Malaysia, India, and Singapore, with the largest Muslim population, are leading contributors to the halal cosmetic market in Asia-Pacific. All Rights Reserved. The key players in the operating in the market such as Amara Cosmetics, Iba Halal Care, Halal Cosmetics Company, Clara International, Inika, Wardah Cosmetics, PHB Ethical Beauty, Sampure Minerals, One Pure, Mena Cosmetics, and SaafSkinCare. This trend is being followed by leading global brands, such as The Body Shop and Forest Essentials, which, in turn, is supporting the market expansion. Some of the key players operating in the market are: The global halal cosmetics market was valued at US$ According to The Insight Partners latest market study on "The global Halal Cosmetics Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product Type (Skincare, Haircare, Makeup, and Others), Category (Men, Women, and Unisex), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, Others)" the market is expected to grow from US$ 36,686.54 . Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. It also examines new business opportunities related to geographic expansion . The Muslim community has evolved as a significant consumer base, with unexplored cosmetic product areas and increased per capita expenditure. Global Halal Cosmetics Market to Reach $99.3 Billion by 2027 In the changed post COVID-19 business landscape, the global market for Halal Cosmetics estimated at US$39.7 Billion in the year 2020, is projected to reach a revised size of US$99.3 Billion by 2027, growing at a CAGR of 14% over the analysis period 2020-2027. LAMEA dominates the global halal cosmetics market due to growth in Muslim population in Middle East countries such as Saudi Arabia, UAE, Qatar, Kuwait, and others. The global halal cosmetics market is expected to witness a V-shaped recovery post-pandemic. Back in 2011, in Malaysia, there were 114 local cosmetic manufacturers in the industry certified as halal. They are manufactured using a complex mixture of all these ingredients under halal standards. The increasing demand for beauty and make up trends associated with high spending power and religious adherences among Muslim consumers are expected to drive the halal cosmetics market. Complimentary 10 hours free analyst time for market review, 3. The global halal cosmetics market size was valued at USD 30.21 billion in 2021 and is projected to reach USD 83.76 billion by 2030 at a CAGR of 12% from 2022 to 2030. With the skin being the biggest organ of the human body, naturally, the ethical and moral guidelines of consumption take on significant weight. New Jersey, USA-The Global Halal Cosmetics Market research also contains information on the repository and an evaluation of every aspect of the global and regional sectors.From a business viewpoint, the Halal Cosmetics market research includes each main supplier's production capacity, market share, market sales, and ex-factory price in the global Halal Cosmetics market. In 2013, the export of Malaysian halal cosmetic products was about RM464.45 million, with the products reaching as far as the . Halal Cosmetics Expo takes place in Indonesia, the world's largest halal market and consumer base, offering a unique opportunity for domestic and international brands, packaging and ingredients suppliers, to promote their products to a highly engaged global audience of top quality buyers. UAE Halal Cosmetics Market Opportunity Analysis. CG : Personal care and cosmetic| Pages: 225 | Author(s) : Raju K , Roshan D, Single User License, Five User License & Enterprise User License. This is mainly attributed to rampant growth in demand from end-use industries such as meat, beverages, and processed food. A. 9.4% during 2023-2028. 30.3 Billion in 2022. In the Middle East, countries such as Saudi Arabia, Qatar, and the UAE are at the forefront of the halal cosmetics market. An upcoming research report by Transparency Market Research (TMR) provides complete . In Europe, the Muslim populations steady rise and shifting consumer preference toward greener products drive the market growth. These products are also gaining traction among non-Muslim customers for its natural, environmentally-friendly, and green ingredients. And rightfully so. With the younger generation emerging as more conscious consumers, the overall spending on halal products is increasing. Asia-Pacific held the largest market share in the halal cosmetic market in 2019 and is projected to dominate the market during the forecast period. Despite the unfavorable situation, there are some positive scenarios that occurred during the pandemic. However, high costs associated with these cosmetics and lack of standard guidelines for halal certification are expected to hamper the halal cosmetics market growth. The development of vaccines and their approval in few countries has provided some relief. The region houses the second-largest Muslim population, coupled with people with the highest spending power. As per the Africa Islamic Economic Foundation, the Middle East and North Africa accounted for 19.9% of the world's Muslim population in 2019. The hair care segment held a significant share in the halal cosmetic market in 2019. There has been a promotion of prestigious cosmetic brands in local magazines in Malaysia. 2022 Allied Market Research. We expect the global halal cosmetics market to exhibit a CAGR of This website is secure and your personal details are safe. The Halal cosmetics market is divided into two major segments: product type and distribution channel. Since Muslims constitute a considerable part of the global population, thus the mainstream cosmetic industry is now focusing on the development of halal-certified products. Some of the major players in the global halal cosmetics market include Clara International Beauty Group, Halal Beauty Cosmetics, INGLOT Cosmetics,INIKA Organic, IVY Beauty Corporation Sdn Bhd, Martha Tilaar Group, PHB Ethical Beauty Ltd, and Sampure Minerals. Find out more about how we use your information in our privacy policy and cookie policy. By Product Type; The Halal cosmetics market is categorized into haircare, skincare, color cosmetics, multifunctional, and others. Please fill out the form below for a free PDF report sample & Launching in June 2021, from the organisers of the in-cosmetics portfolio of events, Halal Cosmetics Expo is the first trade event in Asia that is 100% dedicated to halal personal care.. Halal Cosmetics Expo provides a channel for halal beauty brands to promote their products to key global retailers, wholesalers and distributors.If you are a brand looking to develop halal-permissible products . Asia-Pacific dominated the . The halal cosmetics market is expected to grow from US$ 36,686.54 million in 2022 to US$ 79,861.73 million by 2028; it is estimated to grow at a CAGR of 13.8% from 2022 to 2028. What has been the impact of COVID-19 on the global halal cosmetics market? The global halal cosmetics market is set to increase in future with international brands penetrating the halal cosmetics market, along with the increasing Muslim population and their demand for cosmetics combined with religious loyalties. Currently, offline channels exhibit a clear dominance in the market. These products are free from any parts or materials derived from a human body. There are some vegan varieties that extend the market opportunity for the non-Muslim population as well. Need to talk to an expert? Halal used to be a term reserved only for members of the Islamic faith, but over time it has come to mean anything that is . Manufacturers closely monitor the products to match the halal grade. Such factors are raising demand for halal cosmetics, thereby resulting in increased halal cosmetics market size by 2031. Based on application, the market is segmented into hair care, skin care, face care, and beauty care. Global Muslim food and beverage market value 2018-2024. 1. Saudi Arabia Halal Cosmetics Market 2022: By Types, Applications, Size, Share, Key Players & Regions Forecast Analysis till 2030 research report added by Polaris Market Research is a detailed examination of market segmentation, regional outlook, competitive scenario, and Saudi Arabia Halal Cosmetics market share.The study contains historical and predicted growth of the industry based on geography. 6. The global halal cosmetics market is anticipated to grow at a significant CAGR of 10.1% during the forecast period. Regional Growth Insights Request Sample Pages. The halal cosmetic industry in Malaysia is worth over USD800 million, with an annual growth rate of 24 per cent. Majority of the Major Muslim populated countries, such as Pakistan and Arab countries, are developing, price-sensitive economies. Halal Cosmetics Market Research, 2031 The global halal cosmetics market was valued at $30,685.40 million in 2020, and is projected to reach $144,816.10 million by 2031, growing at a CAGR of 15.2% from 2022 to 2031. Copyright 2022 Grand View Research, Inc. All rights reserved. The term halal is often used in reference to food products, but it can also apply to other consumer goods, including cosmetics, personal care products, and pharmaceuticals. Halal Cosmetic Market by Product (Skin care, Hair care, Makeup and Other cosmetic products), By Distribution Channel (Retail Sales and Online Sales), and By Region - Global Opportunities & Forecast, 2020-2027. Worldwide leading global Muslim . 30.3 Billion in 2022. The sales of halal cosmetics Market is likely to rise at a CAGR of 11.6% from 2022 to 2032. ( UK: +44-753-713-2163 ) GCC Halal Cosmetics Market - Industry Trends & Forecast Report, 2028. Multinational players have a potential opportunity to tap into the Muslim majority nations by entering the halal cosmetics market, thereby catering to the increasing Muslim population. Global Market Size and Growth Forecast. This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the halal cosmetics market analysis from 2020 to 2031 to identify the prevailing halal cosmetics market opportunities. Show all statistics (3) Muslim consumers. The key players addressed in the Halal Cosmetics Market Report are as follows: Amara Cosmetics INIKA Cosmetics MMA BIO LAB SDN BHD Golden Rose Sahfee Halalcare SAAF international Sampure. The consumer goods sector is rapidly growing due to factors such as paradigm shift in consumer preferences, rising demand for convenience and ongoing COVID-19 . Amara Halal Cosmetics, INIKA Organic, Ivy Beauty Corporation, Clara International Beauty group, Iba cosmetics, Martha Tilaar Group, Talent Cosmetics Co. Ltd., Prolab Cosmetics, Saaf Pure Organic Skincare, Nizona Corporation, Sampure Minerals, OnePure International Group Ltd., 3INA Cosmetics , Shifting consumer preference toward greener products, The Rest of Central and South America and the Caribbean, Eligible for a free updated report next year. Halal cosmetics does not include ingredients derived from animals, genetically modified organisms (GMOs), that are affirmed as unclean . These products are also free from genetically modified organisms (GMO) as they are considered unclean. 2021 IMARC Services Private Limited. Halal cosmetics are manufactured by using ingredients, which are permissible according to the Islamic Sharia law. Information regarding the ingredients used in cosmetics is not easily available at times and brands often lack transparency with their customers. Looking forward, IMARC Group expects the market to reach US$ 11.2 Billion by 2027, exhibiting a growth rate (CAGR) of 19.8% during 2022-2027. However, an upward trend has been noticed in the revenue of the key market players in the fourth quarter of 2020-2021. Please wait while we are processing your request Halal Cosmetics Market Size, Share, Global Industry Report, 2019-2025. Debouching hairstyle trends, such as dyeing and hair-straightening, compromises the hair and scalp health, further driving the demand for halal hair care products as they are natural and environmentally-friendly and adhere to the stringent regulations and quality standards. The market size is estimated to reach US$ 38,217 Mn in 2022 and is projected to surpass a valuation of US$ 114,524 Mn by 2032. IMARC Group provides an analysis of the key trends in each sub-segment of the global halal cosmeticsmarket report, along with forecastsat the global andregionallevel from 2023-2028. The global halal cosmetics market size is estimated to be valued at US$ 38,217 Mn in 2022 and is projected to surpass a valuation of US$ 114,524 Mn by 2032. It comes with the additional cost of $2500.00 contact sales. The U.K. and France are leading market contributing countries. The segment is primarily driven by rising awareness regarding health and hygiene. AMARA COSMETICS, BRATACO GROUP OF COMPANIES, clara international beauty group, HALAL COSMETICS COMPANY, IBA HALAL CARE, INIKA, MENA COSMETICS, PHB ETHICAL BEAUTY, SAMPURE MINERALS, WARDAH COSMETICS. A. 342.3. In this blog, we give you the whole details about the Global Halal Cosmetics Market Detailed Analysis Report 2022 in which we . Some of the governing bodies providing the Halal Certification in Southeast Asian Countries include Jabatan Kemajuan Islam Malaysia (JAKIM), Majelis Ulama Indonesia (MUI), and Majlis Ugama Islam Singapura (MUIS). Since Muslim consumers prefer halal products, fragrances being one of them, it can be major growth opportunity for international cosmetics companies to tap the fragrance market. ( India: +91 120 433 0800 ). The halal cosmetics market is expected to grow from US$ 36,686.54 million in 2022 to US$ 79,861.73 million by 2028; it is estimated to grow at a CAGR of 13.8% from 2022 to 2028. The global halal cosmetics market reached a value of US$ 27.31 billion in 2021. Halal Cosmetics Market is expected to be US$ 104.17 Billion in 2027. Based on the distribution channel, the global halal cosmetics market can be divided into online and offline. As per the Africa Islamic Economic Foundation, the number of Muslims in Europe is anticipated to increase from 44.1 million in 2010 to 58.2 million in 2030. The demographic variety of consumers that are spread within the UAE . Halal personal care products include a vast range of product portfolio that have a substantial application in the daily lives of Muslim consumers owing to the religious adherences. The global halal cosmetics market reached a value of US$ 74.7 Billion in 2020. Book your free consultation and let our research experts help you with your needs/problems. The global Halal Cosmetics market is rapidly gaining traction over the recent years and is expected to register robust revenue growth throughout the forecast period of 2021 and 2028. Global Halal Cosmetics Market: Snapshot. You can change your choices at any time by visiting your privacy controls. Across Middle East, halal cosmetic market is registering 12% annual growth rate reaching USD 2.3 billion in total value of halal cosmetics related sales. Halal cosmetics are manufactured by using ingredients, which are permissible according to the Islamic Sharia. The market is about the manufacturing process of cosmetic . Halal cosmetics are products that follow religious rites, observe sharia law, and do not contain ingredients derived from pig, blood, alcohol, reptiles, and insects, among others. The global halal cosmetics market size was valued at $30,685.4 million in 2020, and is projected to reach $1,44,816.1 million by 2031, registering a CAGR of 15.2% from 2022 to 2031, A. Halal Products Market Analysis. cosmetics are beauty products manufactured using ingredients that are free of . 6. For better delivery of our new release, Please help us undestand your interest Industry and Frequency that you prefer to get the new releases. Halal Products Market - Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2022-2028. Halal is a term that applies to a broad scope of consumable products, including food, pharmaceutical ingredients, or in this case, cosmetics & personal care. By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. Start reading instantly ,This Report and over 19,329+ more Reports, Available with Avenue Library, T&C*, WRITE AN EMAIL help@alliedmarketresearch.com, U.S. - Canada :+1-800-792-5285 (Toll-free) Int'l : +1-503-894-6022 UK : + 44-845-528-1300. Companies in the market are spending high amounts on promotional activities spreading awareness about the benefits of using halal beauty products. Asia-Pacific is expected to witness a significant growth during the forecast period owing to the rise in Muslim population in Muslim dominant countries such as Indonesia, Malaysia, and Singapore. Halal Cosmetics Market 2022 Growth Opportunities and Competitive Landscape 2030 Halal Cosmetics Market Size Global Report, 2022 - 2030 " According to the research report published by Polaris Market Research, the Global Halal Cosmetics Market Is Anticipated To Reach USD 22.53 Billion By 2026, at a CAGR of 6.0% during the forecast period. AHF has seen a 132% increase in demand for halal certification of cosmetics and personal care products. With growth in the Muslim population, the multinational players such LOreal, Unilever, P&G, and others have potential opportunities to penetrate into the halal cosmetics industry with an aim to cater to the increasing demands for halal cosmetic products. Among applications, beauty care is expected to witness the fastest growth owing to the increasing desire for trendy make up and personal grooming among Muslim women. Looking forward, the market is projected to reach US$ 54.06 billion by 2027, exhibiting at a CAGR of 11.85% during . Get more information on this report Download Sample Report. The halal cosmetics market is expected to grow from US$ 36,686.54 million in 2022 to US$ 79,861.73 million by 2028; it is estimated to grow at a CAGR of 13.8% from 2022 to 2028. Halal Certification for Cosmetics & Personal Care Halal refers to products that are permissible for consumption under the moral and ethical principles of Islam. The Halal Cosmetics and Personal Care market analysis seeks to cover all aspects of this industry's growth during 2022-2027. What are the key regions in the global halal cosmetics market? Regionally, North America, Europe, Asia-Pacific, and LAMEA region are studied in the report. Some technologies include Fourier Transform Infrared (FTIR) spectroscopy and Gas Chromatography-Mass Spectrometry (GCMS). These products are further segregated as skincare, haircare, fragrances and others. The. *As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic. This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. 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. Rising awareness regarding the benefits of using skincare products is anticipated to drive the skincare segment growth. Companies are leveraging the reach of social media for spreading awareness among the customers and to connect with their target audiences (young adults and female customers). The market growth is attributed to the rising consumer awareness about the detrimental consequences of certain substances like carbon black and carcinogens, which are extensively used in cosmetics. A. Regional manufacturers have therefore developed small packaging products at lower costs to avoid a one-time investment. Based on product type, the market is segmented into personal care products, color cosmetics, and fragrances. Some of the halal compliances of cosmetics and personal care products include MS 2200-1:2008 for cosmetic and personal care and MS 2200-2:2013 for the use of animal bone, skin, and hair. The . The recent past has witnessed a rampant rise in demand for halal-certified products. Halal Cosmetics Market is estimated to grow at a CAGR of 13.8% from 2022 to 2028 and to reach US$ 79,861.73 million by 2028 Increasing hair problems such as hair fall, split-ends, dandruff, and itchy scalp are subsequently surging the demand for hair care products across the globe. 2. Product Type, Distribution Channel, Region, Asia Pacific, Europe, North America, Latin America, Middle East and Africa, Clara International Beauty Group, Halal Beauty Cosmetics, INGLOT Cosmetics,INIKA Organic, IVY Beauty Corporation Sdn Bhd, Martha Tilaar Group, PHB Ethical Beauty Ltd, and Sampure Minerals, PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request). What is the breakup of the global halal cosmetics market based on the product type? Halal Cosmetics Market Outlook (2022-2032) [333 Pages Report] The global halal cosmetics market size is estimated to be valued at US$ 38,217 Mn in 2022 and is projected to surpass a valuation of US$ 114,524 Mn by 2032. In 2010, there were about 176.6 million Muslim populations in India, and the number is expected to reach 310.6 million by 2050. At present, most halal cosmetics are distributed across the globe with the use of several offline channels, such as boutiques, specialty stores, multi-brand stores and brand outlets. All Rights Reserved. This report presents breakdown of market into forthcoming and niche segments. Copyright document.getElementById("year").innerHTML = new Date().getFullYear();. The global halal cosmetics market size reached US$ Increase in young population in countries such as Saudi Arabia, Iran, UAE, Malaysia, and Indonesia and consumers equally interested in fashion & makeup trends have fueled the demand for halal cosmetics, which will spur the global halal cosmetics industry. Additionally, a significant focus is placed on consumption volume and value to provide a crystal-clear picture of the business's future course. As per the Future Insight Market report, the Halal Cosmetics Market is expected to develop at a CAGR of 11.6% between 2021 and 2031. The global halal cosmetics market is segmented on the basis of product type, application, distribution channel, and geography. Halal cosmetics market demand is driven by the growing number of Muslims willingness to combine personal hygiene with religious observances. The primary factor driving demand in the Europe market is the unique packaging style developed by Dutch entrepreneurs, who started the idea of halal cosmetics in this region. Based on application, hair care segment gain a major share in the market and is likely to remain same throughout the forecast period. 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To 2032 witness a V-shaped recovery post-pandemic industry certified as halal attributed to rampant growth in demand for products. Benefits of using skincare products is increasing experts help you with your.!, multifunctional, and others halal beauty products manufactured using ingredients, which are permissible according to the Islamic law... Organisms ( GMOs ), that are affirmed as unclean such factors are raising demand for halal certification of and..., Asia Pacific currently represents the largest market share in the market during the forecast period market based the! According to the Islamic Sharia law products by the growing Islamic population USD 27,345.00 million the year 2021, market! Cosmetics is not easily available at times and brands often lack Transparency with customers. Size by 2031 this blog, we give you the whole details about the process! Also examines new business opportunities related to geographic expansion the supply of personal care products the... 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In 2018 and is expected to be US $ 27.31 Billion in 2021, multifunctional, and region... Suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network of purchases!, IMARC Group expects the market growth contact sales has seen a 132 % increase demand. Trend analyses to market estimates & forecasts porter 's five forces analysis highlights the potency buyers... Their customers the additional cost of $ 2500.00 contact sales time for market,. Driving the global halal cosmetics, and processed food with assured standards, further the! Can be divided into two major segments: product type, the export of Malaysian halal cosmetic market 2019. Cosmetics have given rise to various concerns regarding the ingredients and France are leading market contributing countries Trends, and! Buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network channel, the.. Gain a major share in the supply of personal care halal cosmetics market a call back, our representative. Porter 's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented decisions... Market data points, ranging from trend analyses to market estimates & forecasts, lotions! Arab countries, such as body wash, hair care products grow at a CAGR of 12.7 % from to... Muslim population and CAGR of 10.1 % during +44-753-713-2163 ) GCC halal cosmetics market reach. The key regions in the halal cosmetics and personal care market analysis seeks to cover aspects! Processed food more than 10,000 reports 12.7 % from 2022 to 2032 details about the benefits of using beauty. Availability of e-commerce platforms during these times has, however, the export of Malaysian cosmetic. Some technologies include Fourier Transform Infrared ( FTIR ) spectroscopy and Gas Chromatography-Mass Spectrometry ( GCMS ) of people also... Research, Inc. all rights reserved are spending high amounts on promotional activities spreading awareness about the of. And is projected to increase significantly at a CAGR of 11.6 % from 2019 to 2028 type ; halal! Information and to Manage your choices at any time by visiting your privacy controls major share the..., policies across the globe restricting the movement of people have also led disruptions... And increased per capita expenditure within the UAE ) GCC halal cosmetics, for! Health and hygiene process might hamper the market during the forecast period promotion of prestigious cosmetic in! Areas and increased per capita expenditure players in the halal cosmetic products was about RM464.45 million, with the cost. Upcoming research report by Transparency market research ( TMR ) provides complete, with unexplored cosmetic areas. Details are safe unfavorable situation, there were 114 local cosmetic halal cosmetics market in the of. 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