Halal Cosmetics Market Overviews
Halal Cosmetics Market size was valued at USD 42.39 Bn. in 2023 and the total Halal Cosmetics revenue is expected to grow at a CAGR of 11.6% from 2024 to 2030, reaching nearly USD 91.39 Bn. by 2030.
Halal cosmetics are an emerging niche within the cosmetics market, defined by adherence to Islamic regulations that restrict certain ingredients and manufacturing methods. As outlined by the Federal Food, Drug, and Cosmetic Act (FD&C Act), cosmetics are designed for use on the human body to cleanse, enhance, or alter appearance. Halal formulations are meticulously crafted to ensure they do not include forbidden human or animal components, genetically modified organisms (GMOs) deemed impure, or any non-halal materials. Throughout the entire production process, these products are free from contaminants, ensuring they are safe for consumers.
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Halal Cosmetics Market Scope and Methodology:
The Muslim population is projected to reach 2.2 billion by 2030, creating a significant demand for halal products among consumers worldwide. This religious requirement for halal consumption fosters a dedicated and expanding market. Additionally, governments are actively supporting the halal industry. For instance, Malaysia’s Halal Industry Master Plan 2030 seeks to incorporate the Internet of Things (IoT) and other cutting-edge technologies to enhance competitiveness among industry players and drive the nation toward becoming a society focused on income generation.
Halal Cosmetics Market Regional Insights
Asia Pacific region dominated the global halal cosmetics market in 2023. It is mainly driven by the high growth rate of India and China. The dominance of this segment comes from a large and diverse consumer base, increasing disposable income and growing preference for Halal-certified products India stands out as a leading market for certified cosmetics as Halal within Asia. Because of the large Muslim population, there is a strong demand for products that conform to Islamic law and moral values. The increasing availability of halal beauty products and their popularity among Indians has encouraged both local and international brands to focus on this segment of the market.
Halal CosmeticsMarket Segmentation
The Halal Cosmetics Market is categorized by product type into Personal Care Products, Color Cosmetics, and Fragrances. In 2023, Personal Care Products captured the largest market share and maintained their leading position throughout the forecast period. These products encompass a diverse array of items aimed at hygiene, grooming, and beauty that comply with Islamic principles. This category includes essential skincare, hair care, oral care, and hygiene products, all designed, manufactured, and certified according to Halal standards. A notable example is Safi, Malaysia’s first skincare line, which provides Halal-certified products that align with the skin tone preferences of Muslim consumers
Halal Cosmetics Market Key Players
Amara Halal Cosmetics (USA)
Inika Organic (Australia)
IBA Halal Care (India)
Wardah Cosmetics (Indonesia)
PHB Ethical Beauty (UK)
Sampure Minerals (UK)
Saaf Skincare (UK)
Clara International (Malaysia)
Talent Cosmetics Co., Ltd. (South Korea)
Tuesday in Love (Canada)
Martha Tilaar Group (Indonesia)
OnePure Beauty (UAE)
Prolab Cosmetics (Turkey)
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Key questions answered in the Halal Cosmetics Market are:
- What is Halal Cosmetics ?
- What was the Halal Cosmetics market size in 2023?
- What is the growth rate of the Halal Cosmetics Market?
- Which are the factors expected to drive the Halal Cosmetics market growth?
- What are the different segments of the Halal Cosmetics Market?
- What growth strategies are the players considering to increase their presence in Halal Cosmetics ?
- What are the upcoming industry applications and trends for the Halal Cosmetics Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Halal Cosmetics Market?
- Who are the leading companies and what are their portfolios in Halal Cosmetics Market?
- What segments are covered in the Halal Cosmetics Market?
- Who are the key players in the Halal Cosmetics market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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