Halal Cosmetics Market
According to the latest report by IMARC Group, titled “Halal Cosmetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on halal cosmetics market report. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global halal cosmetics market size reached US$ 33.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 71.3 Billion by 2032, exhibiting a growth rate (CAGR) of 8.6% during 2024-2032.
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Factors Affecting the Growth of the Halal Cosmetics Industry:
- Increasing Muslim Population and Rising Awareness of Halal Products:
The halal cosmetics market is significantly driven by the growing global Muslim population and their increasing awareness of halal-certified products. As consumers become more vigilant about the ingredients used in cosmetic products and their compliance with Islamic law, the demand for halal-certified beauty products is rising. This demographic is seeking assurance that the products they use are free from forbidden substances, ethically sourced, and manufactured in accordance with religious standards. The certification also appeals to non-Muslim consumers who view halal certification as a mark of quality assurance and ethical production practices, thus broadening the market base.
- Rise in Consumer Demand for Ethical and Clean Beauty Products:
There is a growing consumer trend towards ethical, clean, and transparent beauty solutions, which aligns perfectly with the principles of halal cosmetics. These products are not only free from alcohol and animal-derived ingredients but are also often manufactured under cruelty-free conditions, appealing to a broader audience that prioritizes ethical considerations in their purchasing decisions. The convergence of the clean beauty movement with halal certification standards is fostering a market environment where consumers are increasingly inclined towards products that promise purity, safety, and ethical manufacturing processes, thereby fueling the demand for halal cosmetics.
- Expansion of E-commerce and Online Retail Channels:
The expansion of e-commerce platforms and online retail channels has significantly contributed to the accessibility and availability of halal cosmetics. Online stores have bridged the gap between consumers and a wide array of halal-certified products, enabling brands to reach a global audience. This ease of access is complemented by the digital marketing strategies employed by halal cosmetic companies, leveraging social media and online advertising to raise awareness and educate consumers about the benefits of halal beauty products. The online retail boom, coupled with the growing internet penetration in emerging markets, is instrumental in driving the growth of the halal cosmetics industry.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Clara International Beauty Group
- Halal Beauty Cosmetics
- INGLOT Cosmetics
- INIKA Organic
- IVY Beauty Corporation Sdn Bhd
- Martha Tilaar Group
- PHB Ethical Beauty Ltd
- Sampure Minerals
Explore Top Companies Blog by IMARC Group: https://www.imarcgroup.com/halal-cosmetics-companies-brands
Halal Cosmetics Market Report Segmentation:
By Product Type:
- Personal Care Products
- Skin Care
- Hair Care
- Fragrances
- Others
- Color Cosmetics
- Face
- Eyes
- Lips
- Nails
Personal care products accounted for the largest market share due to increasing consumer awareness of halal-certified products’ ethical and safety standards.
By Distribution Channel:
- Online
- Offline
Offline channels represented the largest segment due to consumer preference for physical verification and immediate availability of halal-certified products.
Regional Insights:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Asia Pacific’s dominance is attributed to the large Muslim population, increasing disposable incomes, and growing awareness about halal-certified products.
Global Halal Cosmetics Market Trends:
Enhanced marketing initiatives and growing awareness campaigns about the benefits of halal-certified products are pivotal in shaping consumer preferences. The industry is also witnessing a significant shift towards organic and natural ingredients, resonating with the halal principle of purity and wholesomeness. Additionally, the increasing number of halal certifiers and regulatory bodies establishing clear guidelines and standards is instilling confidence among consumers, further propelling the market growth.
Apart from this, the influence of fashion and beauty influencers endorsing halal cosmetics, along with the rising participation of mainstream beauty brands in the halal segment, is expanding the market’s reach and consumer base.
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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