Halal Cosmetics Market By Product Type (Personal Care Products, Color Cosmetics, Fragrances), By Application (Hair Care, Skin Care, Face Care, Beauty Care), By Distribution Channel (Offline, Online): Global Opportunity Analysis and Industry Forecast, 2020

Halal Cosmetics Market By Product Type (Personal Care Products, Color Cosmetics, Fragrances), By Application (Hair Care, Skin Care, Face Care, Beauty Care), By Distribution Channel (Offline, Online): Global Opportunity Analysis and Industry Forecast, 2020-2031

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.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

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