Halal Cosmetics Market Overviews
The 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 represent a growing segment of the cosmetics industry, characterized by compliance with Islamic laws prohibiting certain products and processes According to the Federal Food, Drug, and Cosmetic Act (FD&C Act) that is, cosmetics are intended to be used in the human body to cleanse, beautify or transform them. Halal preparations are detailed to ensure that products do not contain prohibited human or animal organs, genetically modified organisms (GMOs) that are considered impure and that non-halal products free of impurities during the entire manufacturing process and is safe for the users.
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Halal Cosmetics Market Scope and Methodology:
The growing Muslim population is expected to reach 2.2 billion by 2030, and a large proportion of global consumers will need to produce halal products. The religious obligation of Muslims to consume halal products provides a loyal and growing consumer base on halal preparation. Governments also play an important role in promoting the halal industry. For example, the Malaysia Halal Industry Master Plan 2030 aims to integrate the Internet of Things (IoT) and other advanced technologies to increase competitiveness among stakeholders and motivate the country to become an income-generating society.
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
Based on product type, the Halal Cosmetics Market is divided into Personal Care Products, Color Cosmetics, and Fragrances. Personal care products within the halal cosmetics market witnessed the highest market share in 2023 and continued their dominance during the forecast period. They cover a wide range of products designed for hygiene, grooming and beauty routines that adhere to Islamic principles. These products include essential skin care, hair care, oral care, and hygiene products designed, manufactured and certified in accordance with Halal standards For example, products such as Safi, Malaysia’s first skin care, offers Halal-certified products that give Muslim consumers a skin tone consistent with their religious beliefs.
Halal Cosmetics Market Key Players
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)
Cosmax Inc. (South Korea)
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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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