Europe Halal Cosmetics Market Forecast 2023-2032

Europe Halal Cosmetics Market Forecast 2023-2032

KEY FINDINGS

The Europe halal cosmetics market is projected to record a CAGR of 8.91% during the forecast period, 2023-2032. The rising concerns regarding the use, safety, and purity of ingredients in cosmetic products and the growing demand for halal products propel market growth opportunities.

MARKET INSIGHTS

Germany, Italy, Spain, Belgium, Poland, the United Kingdom, France, and Rest of Europe are assessed for the Europe halal cosmetics market growth analysis. In Italy, there has been a significant increase in promotional activities for skin care and high demand for mass-produced goods. The Italian population’s purchase decisions are driven by ‘emotional’ aspects. They seek distinctive and unique packaging, colors, fragrances, and technological qualities. Also, they have a growing disposition toward formulation-based, cutting-edge cosmetics. Similarly, the increasing awareness of health issues has led to increased demand for cosmetics with vitamins, natural chemicals, and aromatherapeutic characteristics.

In Belgium, there is a growing demand for halal cosmetics, fragrances, and toiletries. Skin care products dominated the Belgian market. Male skin care and grooming is the leading trend, with the growing use of toning gels, bronzers, and anti-wrinkle creams observed among the men user demographic. Moreover, the importance of sun care products has grown with the increasing awareness of skin cancer. Whereas in Poland, the changing consumer lifestyle has benefitted the market growth, propelling the demand for toiletries and cosmetics. Such factors are expected to facilitate growth opportunities for halal cosmetics in these countries.

COMPETITIVE INSIGHTS

Some of the major players in the market include Inglot and PHB Ethical Beauty.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments