Global Halal Cosmetics Market Forecast 2023-2032

Global Halal Cosmetics Market Forecast 2023-2032

KEY FINDINGS

The global halal cosmetics market is estimated to project a CAGR of 9.03% during the forecast period, 2023-2032. The increasing Muslim population globally, the major shift to ethical & natural beauty products, and the rising awareness about halal cosmetics among the young population.

MARKET INSIGHTS

Halal cosmetics are cosmetic products comprising halal ingredients and prepared in line with halal principles. The vast acceptance of halal cosmetics and personal care products for its constituents among both Muslim and non-Muslim consumers. Cosmetics must fulfill a number of Islamic requirements to be certified as halal. Halal cosmetics are considered to be more hygienic since they adhere to halal laws and do not have components produced from alcohol and animals. Such awareness and understanding of religious obligations among the young Muslim population benefit the global halal cosmetics market prospects. Moreover, consumers are projecting more confidence in a range of beauty care products due to the increasing halal branding by vendors. However, the lack of halal-certified standardized regulations hinders the market growth.

REGIONAL INSIGHTS

The global halal cosmetics market growth assessment includes the geographical evaluation of North America, Europe, Asia-Pacific, and Rest of World. Asia-Pacific is estimated to be the fastest-growing and largest revenue-generating region in the global market.

COMPETITIVE INSIGHTS

The presence of both small-scale and large-scale manufacturers and the manufacturing of innovative halal cosmetic products to cater to consumer demands define competitive rivalry in the halal cosmetics market. Some of the eminent companies in the market are Inglot, Amara Cosmetics, PHB Ethical Beauty, etc.

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