Publication Month: May 2022 | Report Code: TIPRE00017388 | No. of Pages: 150 | Category: Consumer Goods | Status: Published
Halal cosmetics are cosmetic products that are sourced and manufactured with ingredients that are “permissible” under Islamic law. Halal cosmetic does not contain any alcohol or any ingredients from animals that are forbidden for Muslims.
In 2021, Asia Pacific dominated the global halal cosmetics market; it is expected to retain its dominance during the forecast period. Increased Muslim population, an increase in awareness of animal welfare, and the rise in the trend of veganism are driving the demand for halal cosmetics across the Asia Pacific region. The growing Muslim population in countries such as India, Indonesia, and Malaysia has led to an increased demand for halal cosmetics. Moreover, the impact of social media on halal cosmetics has been significant, with Indonesians making up over 6% of Instagram’s overall monthly active users. Modern Muslims present in Asia Pacific are highly connected to social media, fashion, and beauty, which is driving the importance of social media. Additionally, beyond social sharing, the rapid growth of e-commerce sites providing halal cosmetics is driving the halal cosmetics market growth in the Asia Pacific.
|Market Size Value in||US$ 36,686.54 Million in 2022|
|Market Size Value by||US$ 79,861.73 Million by 2028|
|Growth rate||CAGR of 13.8% from 2022 to 2028|
|No. of Pages||150|
|No. of Tables||83|
|No. of Charts & Figures||83|
|Historical data available||Yes|
|Segments covered||Product Type, Category, and Distribution Channel|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
The regional laws in Islamic countries mandate halal certification for manufacturers to import and market halal cosmetic products. This has resulted in prominent international cosmetic manufacturers getting their products halal certified to enable them to export their products to Islamic countries. On the consumer side, halal certification is expected to help consumers establish the authenticity of the product and its ingredients. Thus, the halal certification mandate by Islamic countries is expected to provide the necessary regulatory support and supplement market growth.
Based on product type, the market is segmented into skincare, haircare, makeup, and others. The skincare segment is expected to be the fastest-growing segment in the halal cosmetics market. The increased demand for creams, serums, moisturizers, anti-aging creams, and lotions worldwide is expected to positively impact the skincare segment over the forecast period. Moreover, the growing awareness about skin-friendly beauty products and the benefits of skin nourishment products in cosmetics is providing growth opportunities for the skincare segment.
Clara International Beauty Group; Inglot Cosmetics; Inika Organic Australia; IVY Beauty Corporation; MMA Bio Lab Sdn Bhd; OnePure, LLC; PT Paragon Technology and Innovation; PHB Ethical Beauty Ltd.; Sampure Minerals; and IBA Cosmetics are among the key players operating in the halal cosmetics market. The leading players adopt several strategies such as mergers & acquisitions and product launches to expand their geographic presence and consumer base.
The "Global Halal Cosmetics Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a special focus on the global halal cosmetics market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The market is segmented based on product type, category, distribution channel, and geography. Based on product type, the market is segmented into skincare, haircare, makeup, and others. Based on category, the market is segmented into men, women, and unisex. Based on distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. Based on geography, the market is segmented into five main regions North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. Asia Pacific is expected to be the fastest-growing region worldwide, followed by the Middle East & Africa.