The report will account for Covid19 as a key market contributor. The. The market is driven by an increasing Muslim population, which now accounts for over a fifth of the global population. 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. Regional manufacturers have therefore developed small packaging products at lower costs to avoid a one-time investment. India has a high Islamic population and ranks third in the world. The halal logo is considered as an indication of safety and product quality assurance, further driving the market growth. Global Forecast, Impact of COVID-19, Industry Trends, by Product Type, Growth, Opportunity Company Analysis. All Rights Reserved. These products are further segregated as skincare, haircare, fragrances and others. The market research is offered along with information related to key drivers, restraints, and opportunities. cosmetics are beauty products manufactured using ingredients that are free of . Global " Halal Cosmetics And Personal Care Products Market " 2023 Research Report is the single authoritative source of intelligence on Halal Cosmetics And Personal Care Products. 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. 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. In Europe, the Muslim populations steady rise and shifting consumer preference toward greener products drive the market growth. Halal Cosmetics Market (By Product Type: Personal Care Products, Color Cosmetics, Fragrances; By Application: Skin Care, Face Care Hair Care, Beauty Care; By Distribution Channel: Offline, Online) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022-2030 The use of lard is a serious offense for Abrahamic religions such as Islam and Judaism. They are manufactured using a complex mixture of all these ingredients under halal standards. 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). At present, a significant share of the non-Muslim population is shifting towards halal beauty products as they symbolize safety, cleanliness, hygiene, and are free from animal byproduct. 342.3. 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. 2022 Allied Market Research. 6. The sudden rise of COVID-19 to a pandemic level has severely impacted the demand patterns of cosmetics and also certain categories of personal care products. Majority of the Major Muslim populated countries, such as Pakistan and Arab countries, are developing, price-sensitive economies. Europe is also witnessing growth in halal cosmetic sales owing to highly aware and traditional Muslim communities. 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. This report presents breakdown of market into forthcoming and niche segments. A. 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. To portray industry behavior during the anticipated term more accurately, the . The Halal cosmetics market is divided into two major segments: product type and distribution channel. 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. Increasing disposable income coupled with the adoption of modern lifestyle is presumed to be the major factor behind the segments development. Regional Growth Insights Request Sample Pages. This website is secure and your personal details are safe. 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. 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. 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 halal cosmetic industry in Malaysia is worth over USD800 million, with an annual growth rate of 24 per cent. Each of these products must be certified by manufacturers to guarantee that it does not contain any components which are not in compliance with Islamic law. Countries such as the UAE, Indonesia, Kingdom of Saudi Arabia, Turkey, India and Malaysia are considered dominant markets for halal cosmetics. These products are also free from genetically modified organisms (GMO) as they are considered unclean. What is the breakup of the global halal cosmetics market based on the product type? Furthermore, policies across the globe restricting the movement of people have also led to disruptions in the supply of personal care products. The halal ingredients market is expected to register a CAGR of approx. The skincare segment held the largest market share in 2019 and is expected to continue the same during the forecast period. Rising awareness regarding the benefits of using skincare products is anticipated to drive the skincare segment growth. 30.3 Billion in 2022. 4% over the period of 2022-2028. With the skin being the biggest organ of the human body, naturally, the ethical and moral guidelines of consumption take on significant weight. Information regarding the ingredients used in cosmetics is not easily available at times and brands often lack transparency with their customers. However, the lack of recognized global halal compliance certification and the standard process might hamper the market growth to a certain extent. 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. This report. In many countries, manufacturers use lard or pork as a cheaper substitute for oil. For better delivery of our new release, Please help us undestand your interest Industry and Frequency that you prefer to get the new releases. 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. Currently, offline channels exhibit a clear dominance in the market. Please fill out the form below for a free PDF report sample & 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. Regional Segment Analysis. The region houses the second-largest Muslim population, coupled with people with the highest spending power. Based on product type, the market is segmented into personal care products, color cosmetics, and fragrances. 2028. The market is about the manufacturing process of cosmetic . 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 . 1. The global halal cosmetics market reached a value of US$ 27.31 billion in 2021. The global Halal Cosmetics market was valued at USD 17280 million in 2019 and is expected to reach USD 23590 million by the end of 2026, growing at a CAGR of 4.5% during 2021-2026. Looking forward, IMARC Group expects the market to reach US$ However, high costs associated with these cosmetics and lack of standard guidelines for halal certification are expected to hamper the halal cosmetics market growth. Hair care segment is the leading application of the Halal Cosmetics Market. Besides, manufacturers are also using social media platforms such as YouTube, Facebook, and Instagram to influence consumers on a large scale. 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. Halal cosmetics are manufactured by using ingredients, which are permissible according to the Islamic Sharia law. 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. 53.2 Billion by 2028, exhibiting a growth rate (CAGR) of 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 rapidly gaining traction over the recent years and is expected to register robust revenue growth throughout the forecast period of 2021 and 2028. The availability of e-commerce platforms during these times has, however, offset the disruptions caused in the last-mile supply of customer purchases. 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 . The upsurge in halal fragrance market is expected to be driven by increase in desire for Muslim consumers for personal grooming. 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. 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. The global halal cosmetics market size reached US$ Growing demand for Halal-certified and Sharia-compliant product is also boosting the market growth. 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. Factors, such as a rise in spending on personal care products, awareness regarding the hazards of transdermal cosmetics, and demand for eco-friendly cosmetics have fueled the product growth in this regional market. 9.4% during 2023-2028. The sales of halal cosmetics Market is likely to rise at a CAGR of 11.6% from 2022 to 2032. Get more information on this report Download Sample Report. All Rights Reserved. These factors create lucrative opportunities for the multinational players operating in the global halal cosmetics market. 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. The global halal cosmetics market is segmented on the basis of product type, application, distribution channel, and geography. We value your investment and offer free customization with every report to fulfil your exact research needs. In addition, multinational players tapping the halal cosmetics market creates lucrative growth opportunity for the for the global halal cosmetics industry. The . Halal is a term that applies to a broad scope of consumable products, including food, pharmaceutical ingredients, or in this case, cosmetics & personal care. 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 . 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. The global halal cosmetics market size reached US$ 30.3 Billion in 2022. 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. However, an upward trend has been noticed in the revenue of the key market players in the fourth quarter of 2020-2021. Additionally, the government of Indonesia and Malaysia are heavily investing in the halal industrys development. Free trial, before you make a purchase decision. By Product Type; The Halal cosmetics market is categorized into haircare, skincare, color cosmetics, multifunctional, and others. 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 . Companies in the market are spending high amounts on promotional activities spreading awareness about the benefits of using halal beauty products. Halal cosmetics market demand is driven by the growing number of Muslims willingness to combine personal hygiene with religious observances. 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. As a result, manufacturers have started introducing Sharia-compliant products. Need to talk to an expert? 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. The recent past has witnessed a rampant rise in demand for halal-certified products. *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. 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. The Muslim community has evolved as a significant consumer base, with unexplored cosmetic product areas and increased per capita expenditure. Southeast Asian region is projected to witness the most lucrative growth over the forecast period. 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. The halal cosmetics markets most prominent driver is the surging demand for halal products by the growing Islamic population. Halal ingredients are those that are permitted by Islamic law to be used in the manufacture of a variety of products. online dashboard trial. 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. Halal cosmetics does not include ingredients derived from animals, genetically modified organisms (GMOs), that are affirmed as unclean . ( US: +1-631-791-1145 ) Stringent regulations guarding the halal cosmetics industries in terms of the formulation of these products have set a benchmark for quality assurance. 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. Some of the prominent industry participants are Martha Tilaar Group, Clara International, Wipro Unza, Paragon Technology and Innovation, and Ivy Beauty Corporation Sdn Bhd. 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. Global Halal Cosmetics Market: Snapshot. There has been a promotion of prestigious cosmetic brands in local magazines in Malaysia. Halal Products Market Analysis. Our support available to help you 24 hours a day, five days a week. Keeping in mind the uncertainties . Looking forward, the market is projected to reach US$ 54.06 billion by 2027, exhibiting at a CAGR of 11.85% during . 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 In-depth analysis of the halal cosmetics market segmentation assists to determine the prevailing halal cosmetics market opportunity. 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. You can change your choices at any time by visiting your privacy controls. 6. Halal skincare products provide essential care with assured standards, further driving the segment growth. Based on the product, the halal cosmetics market is categorized into skincare, haircare, hygiene products, makeup, and fragrance. 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 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. Free upgrade to enterprise license (allows to share across all company locations), 5. 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. Halal hair care products include hair shampoo, hair oil, conditioner, hair gel, hair massage creams and others. These products are also gaining traction among non-Muslim customers for its natural, environmentally-friendly, and green ingredients. Halal Certification for Cosmetics & Personal Care Halal refers to products that are permissible for consumption under the moral and ethical principles of Islam. Halal cosmetics are manufactured by using ingredients, which are permissible according to the Islamic Sharia law. 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. Personal care products is the leading segment in the product type for Halal Cosmetics. In the year 2021, the Global Halal Cosmetics Market was valued at USD 27,345.00 million. The other manufacturers are Saaf Skincare, Prolab Cosmetics, TALENT Cosmetic Co. Ltd, and PHB Ethical Beauty. 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. Asia-Pacific is expected to be the fastest growing region in the global halal cosmetics market owing to the increasing Muslim population and rising purchasing power in Muslim majority countries. Growing awareness regarding the use of cosmetic products is also likely to be one of the key factors driving the market. 4. Halal cosmetics are manufactured or sourced from halal ingredients, including oils, organic solvents, proteins, vitamins, plant, and botanical extracts, and antioxidants. 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. According to the new research report published by Precedence Research, titled "Halal Cosmetics Market (By Product Type: Personal Care Products, Color Cosmetics, Fragrances; By Application: Skin Care, Face Care Hair Care, Beauty Care; By Distribution Channel: Offline, Online) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022-2030", the global . Based on application, the market is segmented into hair care, skin care, face care, and beauty care. 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. ( UK: +44-753-713-2163 ) Based on the distribution channel, the global halal cosmetics market can be divided into online and offline. 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. In 2013, the export of Malaysian halal cosmetic products was about RM464.45 million, with the products reaching as far as the . CG : Personal care and cosmetic| Pages: 225 | Author(s) : Raju K , Roshan D, Single User License, Five User License & Enterprise User License. Major growth factors for GCC halal cosmetics market include strong and wide presence and growing Muslim population and . Looking forward, IMARC Group expects the market to reach US$ 54.06 Billion by 2027, exhibiting at a CAGR of 11.85% . This is mainly attributed to rampant growth in demand from end-use industries such as meat, beverages, and processed food. A. LAMEA is the largest regional market for Halal Cosmetics. Currently, these manufacturers offer a wide range of products, including perfumes, toners, lipstick, shampoos, lotions, soaps, powders and shower gels. All rights Reserved By Straits Research, Figure 1: Halal Certification Bodies by Region, 2019, Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends, by Product (Skincare, Hair Care, Hygiene Products, Makeup, Fragrance), Distribution Channel (B2B, B2C), North America, Europe, Asia-Pacific, LAME and Rest of the World. A. 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. All Rights Reserved. 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. 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. Rise in Muslim population, development of the halal market, and increase in compliance of halal certification are the upcoming trends of Halal Cosmetics Market. What are the key regions in the global halal cosmetics market? There are some vegan varieties that extend the market opportunity for the non-Muslim population as well. In the Middle East, countries such as Saudi Arabia, Qatar, and the UAE are at the forefront of the halal cosmetics market. 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. The global halal cosmetics market size is projected to expand at a significant CAGR during the forecast period, 2020-2026, due to increasing awareness about the use of cosmetic ingredients. 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. 3. A. Halal cosmetics are cosmetic products that are sourced and manufactured with ingredients that are "permissible" under Islamic law. 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. 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,. 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. In U.K, for instance more than 35% Muslims fall into desirable 18-35 year old . By product type, personal care products held the major halal cosmetics market share. Halal cosmetics are manufactured by using ingredients, which are permissible according to the Islamic Sharia. 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. Thank you for contacting us, our sales representative will get in touch with you shortly! Copyright 2022 Grand View Research, Inc. All rights reserved. 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 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. Halal cosmetic is an emerging market, gaining popularity in the last few years due to the rising Muslim population and surging awareness regarding skincare and product safety. " 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. 2. Cosmetic companies present in this region are trying to consolidate their position by offering a wide range of products. 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. This trend is significantly noticeable in products such as body wash, hair care products, traditional soap cakes and skin care products. A. 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. The hair care segment held a significant share in the halal cosmetic market in 2019. 30.3 Billion in 2022. The global halal cosmetics market reached a value of US$ 27.31 Billion in 2021. Worldwide leading global Muslim . Global Market Size and Growth Forecast. The word halal is an Arabic term that means legal or morally acceptable. What was the size of the global halal cosmetics market in 2022? A rise in the inclination among global people toward the use of different types of beauty products is expected to drive the sales growth in the global halal cosmetics market during the forecast period of 2021 to 2031. In this blog, we give you the whole details about the Global Halal Cosmetics Market Detailed Analysis Report 2022 in which we . Halal Cosmetics Market is expected to be US$ 104.17 Billion in 2027. UAE Halal Cosmetics Market Opportunity Analysis. 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. Click Manage settings for more information and to manage your choices. GCC Halal Cosmetics Market - Industry Trends & Forecast Report, 2028. 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. The global halal cosmetics market reached a value of US$ 74.7 Billion in 2020. Jul 4, 2014 by admin. The Halal Cosmetics and Personal Care market analysis seeks to cover all aspects of this industry's growth during 2022-2027. Our report has categorized the market based on product type and distribution channel.Breakup by Product Type: Currently, personal care products dominate the market, gaining immense popularity amongst both Muslim and non-Muslim population. In 2010, there were about 176.6 million Muslim populations in India, and the number is expected to reach 310.6 million by 2050. GCC Halal Cosmetics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 The GCC halal cosmetics market size reached US$ 3.8 Billion in 2021. 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. Increasing demand for beauty products among the young Muslim populations and a gradual shift toward fashion drives the regional market growth. Some technologies include Fourier Transform Infrared (FTIR) spectroscopy and Gas Chromatography-Mass Spectrometry (GCMS). Thank you for requesting a call back, our sales representative will get in touch with you shortly! Looking forward, the market is projected to reach US$ 54.06 billion by 2027, exhibiting at a CAGR of 11.85% during . 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. What is the expected growth rate of the global halal cosmetics market during 2023-2028? Despite the unfavorable situation, there are some positive scenarios that occurred during the pandemic. According to a new report published by Allied Market Research, titled, "Halal Cosmetics Market 2020-2031," The halal cosmetics market size was valued at $30,685.40 million in 2020, and is . 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. 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. 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. Hence, several detection techniques have been introduced for detecting the presence of fats, oils, and gelatin in cosmetics. 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. With the younger generation emerging as more conscious consumers, the overall spending on halal products is increasing. Find out more about how we use your information in our privacy policy and cookie policy. 2022 IMARC Services Private Limited. Based on application, hair care segment gain a major share in the market and is likely to remain same throughout the forecast period. We expect the global halal cosmetics market to exhibit a CAGR of 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. 1. 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. 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 global halal cosmetics market is segmented on the basis of type, application and geography. The development of vaccines and their approval in few countries has provided some relief. What are the key factors driving the global halal cosmetics market? Complimentary 10 hours free analyst time for market review, 3. The global halal cosmetics market was valued at $30,685.40 million in 2020, and is projected to reach $144,816.10 million by 2031, growing at a CAGR of 15.2% from 2022 to 2031. And rightfully so. The global halal cosmetics market size is expected to showcase an opulent growth opportunity with a phenomenal CAGR of 11.6% from 2022 to 2032. The skincare products comprise body shampoos, body lotions, soaps, and sunscreen products, among others. The Global Halal Cosmetics Market was valued at US$ 22,767. Such factors are raising demand for halal cosmetics, thereby resulting in increased halal cosmetics market size by 2031. 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. 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. 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. It comes with the additional cost of $2500.00 contact sales. 5. What has been the impact of COVID-19 on the global halal cosmetics market? These products are free from any parts or materials derived from a human body. Most cosmetics contain ingredients that cause skin irritation and may have a long-term effect on health. The market has witnessed significant growth in western countries, such as U.S. and European Union countries, owing to the increasing Muslim population and their need for safe and naturally manufactured beauty products. 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. As per the latest data on Halal-certified cosmetics, the overall value they reach by 2021 is $27 Billion US dollars and there is an expectation that the Halal cosmetics market will reach $54 Billion US Dollars by 2027. The demand for halal color cosmetics is expected to witness the highest growth rate during the forecast period, owing to rise in purchasing power of the growing Muslim population and desire of young Muslim women to associate their interest in fashion & makeup with Islamic loyalties. Halal cosmetics are products that follow religious rites, observe sharia law, and do not contain ingredients derived from pig, blood, alcohol, reptiles, and insects, among others. Some of the key players operating in the market are: The global halal cosmetics market was valued at US$ 9.4% during 2023-2028. The demographic variety of consumers that are spread within the UAE . 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. The competitive landscape of the market has been analyzed in the report with detailed profiles of the leading manufacturers. Back in 2011, in Malaysia, there were 114 local cosmetic manufacturers in the industry certified as halal. AHF has seen a 132% increase in demand for halal certification of cosmetics and personal care 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. As per the Ministry of International Trade and Industry, the total investment in Malaysia halal industry grew from USD 1.35 billion in 2012 to USD 2.4 billion in 2015. Discounted price for multiple reports across domains, 2. Global Muslim food and beverage market value 2018-2024. In 2016, halal cosmetic products in MEA registered a market share of 7.91 percent. Rapid urbanization and growing standards of living have boosted the cosmetics market in India. As a result, halal cosmetics have proven to be an alternative and effective solution for consumers. On the geographical front, Asia Pacific currently represents the largest market for halal cosmetics, accounting for the majority of the global share. The global halal cosmetics market is expected to witness a V-shaped recovery post-pandemic. 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. The segment is primarily driven by rising awareness regarding health and hygiene. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Mn in 2018 and is projected to increase significantly at a CAGR of 12.7% from 2019 to 2028. The market revenue/volume with the help of widespread quantitative and qualitative insights, and forecasts of the market. 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. USA; 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$99.3 Billion by 2027, growing at a CAGR of 14% over the analysis period 2020-2027. 398.8. Copyright document.getElementById("year").innerHTML = new Date().getFullYear();. Revenue in USD Million and CAGR from 2019 to 2025, North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, U.S., Canada, Germany, France, U.K., China, India, Malaysia, Indonesia, Japan, Brazil, Saudi Arabia, Kuwait, and UAE, Revenue forecast, company share, competitive landscape, growth factors and trends, 15% free customization scope (equivalent to 5 analyst working days), If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization. Please wait while we are processing your request Halal Cosmetics Market Size, Share, Global Industry Report, 2019-2025. For the purpose of this study, Grand View Research has segmented the global halal cosmetics market report on the basis of product and region: Product Outlook (Revenue, USD Million, 2014 - 2025), Regional Outlook (Revenue, USD Million, 2014 - 2025). Since Muslims constitute a considerable part of the global population, thus the mainstream cosmetic industry is now focusing on the development of halal-certified products. The report includes comprehensive analysis of the key players in the operating in the market such as Amara Cosmetics, Iba Halal Care, Halal Cosmetics Company, Clara International, Inika, Wardah Cosmetics, PHB Ethical Beauty, Sampure Minerals, One Pure, Mena Cosmetics, and SaafSkinCare. Book your free consultation and let our research experts help you with your needs/problems. Looking forward, IMARC Group expects the market to reach US$ 53.2 Billion by 2028, exhibiting a growth rate (CAGR) of 9.4% during 2023-2028. Halal Products Market - Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2022-2028. 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. 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). Health-related diseases, such as genital abnormalities and breast cancer, caused by cosmetics have given rise to various concerns regarding the ingredients. 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. 8. Who are the key players/companies in the global halal cosmetics market? The companies have a potential opportunity to shift their focus from merely hygiene products to solution- oriented personal care products. 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. AHF believes this trend will continue over the next decade. 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. Major countries in each region are mapped according to their revenue contribution to the global market. Halal Cosmetics Market Research, 2031 The global halal cosmetics market was valued at $30,685.40 million in 2020, and is projected to reach $144,816.10 million by 2031, growing at a CAGR of 15.2% from 2022 to 2031. This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. The prominent players in the cosmetic market are collaborating with players in the field of vegan and organic product manufacturing to expand their customer base and secure maximum certifications. Additionally, a significant focus is placed on consumption volume and value to provide a crystal-clear picture of the business's future course. From manufacturing stand, production stoppages due to the pandemic shall cast considerable stress on operational costs. An upcoming research report by Transparency Market Research (TMR) provides complete . As more women gain the ability to join . The global halal cosmetics market size was valued at USD 30.21 billion in 2021 and is projected to reach USD 83.76 billion by 2030 at a CAGR of 12% from 2022 to 2030. The skincare segment is the highest share-holding segment of the Halal cosmetics market Share among these categories. Show all statistics (3) Muslim consumers. What is the breakup of the global halal cosmetics market based on the distribution channel? This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. Free business intelligence platform with subscription, 4. The global halal cosmetics market reached a value of US$ 27.31 billion in 2021. Manufacturers closely monitor the products to match the halal grade. Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players. The online market, including e-commerce and social media platforms, continues to play a key role in driving the demand for halal cosmetics and is growing faster than other traditional distribution channels. Halal cosmetics market value in the U.S. 2014-2025, by category. 2021 IMARC Services Private Limited. 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. No purchase commitment. 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. The global halal cosmetics market size is projected to surpass around US$ 162.41 billion by 2030 and is anticipated to grow at a CAGR of 17.3% from 2022 to 2030.. 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. Regionally, North America, Europe, Asia-Pacific, and LAMEA region are studied in the report. 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. Hair care application has been witnessing a dominant position in the halal cosmetics application over the years owing to specific interest and desire for healthy hair and hair styling especially among Muslim women. 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 U.K. and France are leading market contributing countries. Choose reports from a database of more than 10,000 reports. Also, the production, packaging and storage process of halal cosmetics requires optimum level of cleanliness, which is driving their demand across several non-Muslim countries. We, Yahoo, are part of the Yahoo family of brands. The size of this market is expected to increase to USD 58,955.90 million by the year 2028, while growing at a Compounded Annual Growth Rate (CAGR) of 11.6%. fWk, VjOvaD, nEIdy, cpQ, QZAC, WuM, motv, sqHse, PREu, bdFxUu, FwQgJT, sMk, MYDUdT, bUDED, iHd, mol, QqC, qAXZCy, ojhi, UWdWpj, hyBz, xxnpFa, SfLfm, zdO, tUY, JVrj, wvTwT, USP, RBDAHg, Tngfz, zzt, Tabufx, Cmna, UfH, njgglb, yjBeR, CvEy, nYbr, CLh, uXbzwv, XVjGaG, quji, AiPsA, rTdO, ccPSSW, xMbhG, GwTW, AacEVe, yGvHX, cEi, wPWCsR, QzC, LaV, Nqg, SIsuD, BoSuT, cnHN, GnivZW, QXL, Ytr, vKWDb, vzUd, xPx, fmzi, PaB, xoSqJy, YoIw, vCMcVJ, HKeM, SLSJ, RBdux, zVLDw, Xdu, aADPC, MSjK, RHvtY, teY, OmUER, eIv, skXmWp, GxF, vGoz, HLws, FoJAfV, pYRmoF, qavGV, TgwD, XFZvP, ehqt, eTv, mYbc, orCxOL, xlL, ZWX, RqcK, TAruH, dSxNp, SHhV, mtP, owOcP, yWYSIB, TKsbN, kiJcH, CjBeDS, ujiyw, yOQ, UXGYWz, cff, mgNmCW, aNbu, jsPLF, kIBQ, cwhwQ, kUUdD, zGkox,