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.A global increase in the Muslim population along with their spending power has generated a demand for product-based expansion in the halal economy. With an aim to meet the growing consumers’ essential demands, the halal economy has tapped into the halal cosmetic market. Halal cosmetic products have a substantial application among Muslim consumers, owing to their increasing demand for personal care and grooming combined with religious adherences. The halal cosmetic market offers a variety of personal and beauty care products that include body wash, face wash, hair care products such as shampoos, oils, conditioners; color cosmetics such as lipsticks, foundation, lip balms, kohl, blushes, eyeshadows, fragrances, and skin care products such as rejuvenating creams, moisturizers, lotions, and others. With the increasing Muslim population in Muslim majority countries such as Indonesia, UAE, Saudi Arabia, Turkey, Egypt, and Malaysia, growing demand for personal hygiene & beauty care products that adhere to the Islam religion, and rising purchasing power among Muslim consumers, the halal cosmetics market is expected to witness an escalating demand during the forecast period.
Increasing migration of Muslims in several regions along with high fertility rates, better health, and improving economic conditions among Muslim majority countries, are the major drivers for the rise in Muslim population. As per the Islam rules and regulations, Muslims are supposed to use nothing except halal products in their daily lives. Cosmetics, being one of the major halal products, have a significant application in Muslim lifestyles, especially for women. Attributed to the growing Muslim consumer base globally, the demand for halal cosmetics is expected to witness an upsurge during the forecast period.
Earlier, the halal market was restricted to food products, but having realized the importance of its implication of various other halal products in the daily lives of Muslims, it has expanded its product base to include the cosmetics market. Besides religious supremacy, an increasing awareness and emphasis on personal grooming has been observed among consumers, which are expected to drive the halal cosmetics market. Cosmetics being one of the most attractive lifestyle products, has a prominent application among the growing Muslim population, which is thereby expected to boost the demand for the halal cosmetics market. As per the Islamic Shariah Laws, halal cosmetics should be certified by the registered halal authorities before they are introduced in the market. Halal certification enables Muslim consumers to identify the authenticity of these halal products. To tap into the vast Muslim consumer base, companies are manufacturing halal cosmetics with authentic halal certification, thereby fueling the growth of the global halal cosmetics market.
Rules and regulations pertaining to what constitutes a halal ingredient vary as per the countries that restrict the companies from penetrating the halal cosmetics market. Thus, lack of global standardized sets of halal specific guidelines is a major factor that bars the growth of the global halal cosmetics market. Obtaining halal certification incurs high investments to ensure its appropriate ingredients along with the required manufacturing sites and processes. Halal cosmetics being a new concept in few countries such as India, demand intensive product research and developments to differentiate between halal products. These research and development activities result in incurring high costs that is expected to act as a restraint for the global halal cosmetics market growth.
With the growing Muslim population across all regions, the demand for halal cosmetics is set to increase, especially in Muslim majority countries such as Indonesia, Turkey, Egypt, and Malaysia. This scenario poses a potential opportunity for multinational cosmetic companies such as L’Oréal, Unilever, P&G, Beiersdorf, and others to penetrate the halal cosmetics market, thereby catering to the growing Muslim population.
The outbreak of COVID-19 has negatively affected the manufacturing activities and disrupted the distribution network of the halal cosmetics market globally. People were forced to stay in their homes to limit the spread of the disease. Government’s stringent rules regarding social distancing and complete lockdowns resulted in huge losses for vendors operating in the market. All the major key players and other sales channel were closed during the lockdown period. However, a V-shaped recovery is expected in the post-COVID-19 period.
The halal cosmetics market is segmented based on product type, application, distribution channel, and regions. Based on product types, the halal cosmetics market has been segmented into personal care products, color cosmetics, and fragrances. Based on application, the halal cosmetics market has been classified into hair care, skin care, face care, and beauty care. Distribution channels for the halal cosmetics market include offline and online distribution channels.
Regional segmentation of the halal cosmetics market includes North America, Europe, Asia-Pacific, and LAMEA (Latin America, the Middle East, & Africa). LAMEA poses a potential opportunity for the growth of the halal cosmetics market owing to the presence of Muslim majority countries such as Saudi Arabia, UAE, Qatar, Kuwait, and others that strictly use halal cosmetics, thereby obeying the virtues of the law coupled with increasing spending power and growing demand for personal and beauty care among Muslim consumers. Asia-Pacific is also expected to witness significant growth attributed to the increasing Muslim population in Muslim majority countries such as Indonesia, Malaysia, and Singapore.
Some of the key players that operate in the global halal cosmetics market include Amara Cosmetics, Iba Halal Care, Halal Cosmetics Company, Clara International, Inika, Wardah Cosmetics, PHB Ethical Beauty, Sampure Minerals, One Pure, Mena Cosmetics, SaafSkinCare, and others
Increasing migration of Muslims in several regions along with high fertility rates, better health, and improving economic conditions among Muslim majority countries, are the major drivers for the rise in Muslim population. As per the Islam rules and regulations, Muslims are supposed to use nothing except halal products in their daily lives. Cosmetics, being one of the major halal products, have a significant application in Muslim lifestyles, especially for women. Attributed to the growing Muslim consumer base globally, the demand for halal cosmetics is expected to witness an upsurge during the forecast period.
Earlier, the halal market was restricted to food products, but having realized the importance of its implication of various other halal products in the daily lives of Muslims, it has expanded its product base to include the cosmetics market. Besides religious supremacy, an increasing awareness and emphasis on personal grooming has been observed among consumers, which are expected to drive the halal cosmetics market. Cosmetics being one of the most attractive lifestyle products, has a prominent application among the growing Muslim population, which is thereby expected to boost the demand for the halal cosmetics market. As per the Islamic Shariah Laws, halal cosmetics should be certified by the registered halal authorities before they are introduced in the market. Halal certification enables Muslim consumers to identify the authenticity of these halal products. To tap into the vast Muslim consumer base, companies are manufacturing halal cosmetics with authentic halal certification, thereby fueling the growth of the global halal cosmetics market.
Rules and regulations pertaining to what constitutes a halal ingredient vary as per the countries that restrict the companies from penetrating the halal cosmetics market. Thus, lack of global standardized sets of halal specific guidelines is a major factor that bars the growth of the global halal cosmetics market. Obtaining halal certification incurs high investments to ensure its appropriate ingredients along with the required manufacturing sites and processes. Halal cosmetics being a new concept in few countries such as India, demand intensive product research and developments to differentiate between halal products. These research and development activities result in incurring high costs that is expected to act as a restraint for the global halal cosmetics market growth.
With the growing Muslim population across all regions, the demand for halal cosmetics is set to increase, especially in Muslim majority countries such as Indonesia, Turkey, Egypt, and Malaysia. This scenario poses a potential opportunity for multinational cosmetic companies such as L’Oréal, Unilever, P&G, Beiersdorf, and others to penetrate the halal cosmetics market, thereby catering to the growing Muslim population.
The outbreak of COVID-19 has negatively affected the manufacturing activities and disrupted the distribution network of the halal cosmetics market globally. People were forced to stay in their homes to limit the spread of the disease. Government’s stringent rules regarding social distancing and complete lockdowns resulted in huge losses for vendors operating in the market. All the major key players and other sales channel were closed during the lockdown period. However, a V-shaped recovery is expected in the post-COVID-19 period.
The halal cosmetics market is segmented based on product type, application, distribution channel, and regions. Based on product types, the halal cosmetics market has been segmented into personal care products, color cosmetics, and fragrances. Based on application, the halal cosmetics market has been classified into hair care, skin care, face care, and beauty care. Distribution channels for the halal cosmetics market include offline and online distribution channels.
Regional segmentation of the halal cosmetics market includes North America, Europe, Asia-Pacific, and LAMEA (Latin America, the Middle East, & Africa). LAMEA poses a potential opportunity for the growth of the halal cosmetics market owing to the presence of Muslim majority countries such as Saudi Arabia, UAE, Qatar, Kuwait, and others that strictly use halal cosmetics, thereby obeying the virtues of the law coupled with increasing spending power and growing demand for personal and beauty care among Muslim consumers. Asia-Pacific is also expected to witness significant growth attributed to the increasing Muslim population in Muslim majority countries such as Indonesia, Malaysia, and Singapore.
Some of the key players that operate in the global halal cosmetics market include Amara Cosmetics, Iba Halal Care, Halal Cosmetics Company, Clara International, Inika, Wardah Cosmetics, PHB Ethical Beauty, Sampure Minerals, One Pure, Mena Cosmetics, SaafSkinCare, and others
Key Market Benefits for Stakeholders
- The report provides extensive analysis of the current & emerging trends and opportunities in the halal cosmetics market.
- The report provides detailed qualitative and quantitative analyses of current trends and future estimations, which help to understand the prevailing market opportunities.
- A comprehensive analysis of factors that drive and restrict the growth of the halal cosmetics market is provided in the study.
- An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The report provides extensive qualitative insights on the potential & niche segments as well as countries exhibiting favorable growth.
Key Market Segments
By Product Type
- Personal Care Products
- Color Cosmetics
- Fragrances
By Application
- Hair Care
- Skin Care
- Face Care
- Beauty Care
By Distribution Channel
- Offline
- Online
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Indonesia
- Malaysia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- 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
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: HALAL COSMETICS MARKET, BY PRODUCT TYPE
CHAPTER 5: HALAL COSMETICS MARKET, BY APPLICATION
CHAPTER 6: HALAL COSMETICS MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 7: HALAL COSMETICS MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Halal Cosmetics Market,' the halal cosmetics market size was valued at $30,685.40 million in 2020, and is estimated to reach $144,816.10 million by 2031, growing at a CAGR of 15.2% from 2022 to 2031.Halal cosmetics have a substantial application among Muslim consumers owing to the increasing demand for personal grooming and trending beauty products that adhere to religious loyalties among Muslims. In the LAMEA region, the Middle East accounts for the highest market share owing to the presence of the Muslim majority countries that strictly obey the religious commitments in their halal cosmetic products. However, Asia-Pacific is expected to exhibit the fastest growth attributed to the growing Muslim population in Muslim majority countries such as Malaysia, Singapore, and Indonesia, along with an increasing focus on personal and beauty care.
Obtaining halal certification has become a mandate for all halal products in the market. As per the Islamic Shariah Laws, halal cosmetics should be certified by the registered halal authorities before they are introduced in the market. Halal certification enables the Muslim population to identify the genuine products, thereby obeying the virtues of their law. To tap into the vast Muslim consumer base, companies are manufacturing halal cosmetics with authentic halal certification, thereby fueling the growth of the global halal cosmetics market.
The global halal cosmetics market is driven by rise in Muslim population globally and booming halal market, which has now extended its product base to meet the growing personal & beauty care needs of Muslim population. Halal certification enables Muslim population to identify the genuine products, thereby obeying the virtues of their religion, thereby fueling the growth of the global halal cosmetics market.
However, rules and regulations pertaining to the authenticity of a halal ingredient vary as per the countries, which is thereby expected to restrict the companies to penetrate in the halal cosmetics market. Cosmetic manufacturers thereby fail to obtain an authentic halal certification in Muslim-dominant countries. Thus, lack of global standardized set of halal-specific guidelines is a major factor that restrains halal cosmetics market growth.
According to the global halal cosmetics market analysis, the market is divided by product type, application, distribution channel, and geographical division. By product type, it comprises personal care products, color cosmetics, and fragrances. By application, it includes hair care, skin care, face care, and beauty care. Based on the distribution channel, the market is segmented into online and offline. By geography, it includes North America, Europe, Asia-Pacific, and LAMEA markets. Further, the report also covers the strategies adopted by key market players in order to sustain competitive environment and increase their market share.
Among the product type, fragrance segment is expected to have the highest CAGR during the halal cosmetics market forecast period, followed by color cosmetics. The color cosmetics segment is expected to account for48,801.5 million in 2031, registering a CAGR of 15.5%. Halal color cosmetics have widespread adoption among the Muslim women population, especially in the youth. Increase in interest of the young Muslim population toward make-up trends that adhere to the religious loyalties has fueled the demand for global color cosmetic products. The demand for halal color cosmetics is expected to witness an upsurge due to rise in purchasing power and growth in desire for trendy looks among consumers. Halal color cosmetic products include a broad array of products such as lipsticks, hair color, blushes, lip balms, and others. These products are widely used among the young Muslim population who are associated with fashion industry, for instance, airline hostesses and others. Muslim women are more particular about using halal color cosmetics during Ramadan pertaining to the stringent religious rules.
Based on distribution channel, offline sales channel held the major halal cosmetics market share. Offline distribution channels include standalone stores, retail stores, supermarkets, and others wherein the products are displayed for consumers to have a first-hand look at the products that enable them to check the authenticity of the products.
The demand for halal cosmetic products in the overall halal cosmetics industry is expected to be driven by increase in purchasing power of the growing Muslim population and significant desire among young Muslim women to associate their interest in fashion and makeup with Islamic religious loyalties. These factors also provide lucrative opportunities to the multinational cosmetic companies to enter the halal cosmetics market. Countries such as Saudi Arabia, Iran, UAE, Malaysia, and Indonesia offer potential growth opportunities for halal color cosmetics products owing to the factors such as increase in young population, high disposable income, and rise in interest in fashion and makeup trends
The key players operating in the market include Amara Cosmetics, Iba Halal Care, Halal Cosmetics Company, Clara Internation, Inika, Wardah Cosmetics, PHB Ethical Beauty, Sampure Minerals, One Pure, Mena Cosmetics, SaafSkinCare, and others.
KEY FINDINGS OF THE STUDY
Personal care products held the major share in the market accounting near 37.4% of the total halal cosmetics market.Hair care segment held the major share in the market and is likely to remain dominant throughout the forecast period.
Online sales channel witness a major growth rate in the market.
The LAMEA region account for more than half of the total share in 2020.
Companies Mentioned
- 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
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 225 |
| Published | March 2022 |
| Forecast Period | 2020 - 2031 |
| Estimated Market Value ( USD | $ 30685.4 million |
| Forecasted Market Value ( USD | $ 144816.1 million |
| Compound Annual Growth Rate | 15.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
