Global Halal Cosmetics Market Size By Application, By Mode of Distribution, By Intended Audience, By Geographic Scope And Forecast

Halal Cosmetics Market Size And Forecast

Halal Cosmetics Market size was valued at USD 37.62 Billion in 2023 and is projected to reach USD 92.55 Billion by 2030, growing at a CAGR of 6.7% during the forecast period 2024-2030.

Global Halal Cosmetics Market Drivers

The market drivers for the Halal Cosmetics Market can be influenced by various factors. These may include

• Growing Muslim Community The number of Muslims worldwide is rising, which is helping to develop the market for halal cosmetics. Cosmetics that adhere to Halal standards are in greater demand as people look for goods that reflect their cultural and religious beliefs.
• Increasing Knowledge About Halal Goods The demand for cosmetics with the Halal certification has increased as people become more aware of the significance of the idea of Halal. Halal cosmetics are growing more and more popular as consumers become more aware of the ingredients and production techniques used in products.
• Sustainable and Ethical Consumer Decisions The market for halal cosmetics follows the general trend of consumers choosing products that are ecological and ethical. Beyond the Muslim community, a large number of consumers look for items that follow moral standards, such as formulations that are cruelty-free and eco-friendly.
• Growing Perceived Income in Countries with a Majority of Muslims Increasing economic growth has raised disposable incomes in countries where Muslims predominate. Spending on cosmetics and other personal care items has surged as a result, and consumers now favor goods that adhere to Halal norms.
• Globalizing Halal Requirements Initiatives to Globalize and Standardize The international trade of Halal items, including cosmetics, has been made easier by Halal certification procedures. This has created new market potential for producers of Halal cosmetics to serve a variety of international consumer demographics.
• Novelty in Product Formulations Cosmetic firms are spending money on R&D to develop cutting-edge Halal formulas that don’t sacrifice effectiveness or quality. Consumer options have increased due to the availability of a large variety of Halal cosmetics, such as skincare, makeup, and hair care items.
• Growth of E-Commerce Consumers now have more access to and ability to buy Halal cosmetics worldwide thanks to the expansion of e-commerce platforms. Halal cosmetic brands may reach a larger audience and help consumers make educated decisions by using online platforms.
• Influencer Marketing and Star Endorsements Influencer marketing and celebrity endorsements are two ways that Halal cosmetics are promoted. Influencers and celebrities who support Halal living ideals help Halal cosmetic products become more well-known and gain the trust of consumers.

Global Halal Cosmetics Market Restraints

Several factors can act as restraints or challenges for the Halal Cosmetics Market. These may include

• Restricted Perception and Knowledge The potential expansion of the Halal cosmetics business may be restricted by customers’ lack of awareness and understanding, particularly in non-Muslim-majority nations. It takes marketing and education to dispel myths and highlight the advantages of Halal-certified goods.
• Strict Requirements for Certification The process of obtaining and preserving Halal certification can be difficult and demanding, requiring supplier chains, production procedures, and ingredient verification. Small and medium-sized businesses may find it difficult to comply with the strict rules, which could raise production costs.
• Restricted Innovation in Products Some producers might find it difficult to create cutting-edge, fashionable goods while yet upholding Halal regulations. The creation of innovative formulations may be impeded by the perceived restrictions on component selection for Halal cosmetics.
• Divided Regulatory Environment A fragmented regulatory environment may arise from the lack of worldwide regulations that are standardized for halal cosmetics. International trade and market expansion may face difficulties due to regional variations in certification requirements and procedures.
• Regarding Costs A constraint may be the price of getting and keeping a Halal certification as well as the possible expenses of repurposing goods to meet Halal requirements. This could have an effect on how much Halal cosmetics cost in comparison to non-Halal options.
• Conventional Products’ Competition Conventional cosmetics that might not follow Halal guidelines compete with halal cosmetics. Customers may place a higher value on things like pricing, trends, and brand recognition than on particular ethical or religious grounds, particularly in areas where the majority population is not Muslim.
• Complexity of the Supply Chain It can be difficult to guarantee the Halal status of products and raw materials across the production chain. In order to verify adherence to Halal regulations and track the origins of ingredients, businesses need to have strong supply chain management systems.
• Restricted Accessibility in Stores Halal cosmetics may not always be readily available in mainstream stores in certain areas. This may limit the market reach of Halal cosmetic brands and restrict customer access.

Global Halal Cosmetics Market Segmentation Analysis

The Global Halal Cosmetics Market is Segmented on the basis of Application, Mode of Distribution, Intended Audience, and Geography.

By Application

• Skin Products designed especially to address moisture, oiliness, and aging concerns in a range of skin types and concerns.
• Hair Products for a variety of hair kinds and requirements, such as dandruff, hair loss, and styling requirements.
• Body Sunscreen, moisturizers, and cleansers, among other products for general body care.
• Face Masks, serums, and cleansers that are specifically designed for facial care.

By Mode of Distribution

• Online retailers The convenience, increased product variety, and affordable prices are driving this market’s growth.
• Specialty Stores Halal product stores give a carefully chosen assortment and frequently offer in-person assistance.
• Department stores and hypermarkets Provide a greater selection of goods, with halal-certified products available in their cosmetics departments.
• Pharmacies May stock a small range of personal care items with halal certification.

By Intended Audience

• Women Women are the main target market, and there is a rising need for a variety of useful halal cosmetics.
• Men A growing market with a growing desire for grooming items that comply with halal law.
• Children Specialized goods that address the sensitive needs of kids are becoming more and more popular.

By Geography

• Middle East and North Africa (MENA) The region’s established halal certification system and sizable Muslim population have made it a dominant market.
• Southeast Asia Southeast Asia is the fastest-growing area, with a growing Muslim population and improving standard of living.
• Europe and North America Due to the sizeable Muslim populations, there is an increasing awareness of and demand for halal cosmetics.

Key Players

The major players in the Halal Cosmetics Market are

• The Halal Corporation (Malaysia)
• L’Oréal (France)
• Procter & Gamble (US)
• Kao Corporation (Japan)
• Henkel AG & Co. KGaA (Germany)
• Unilever (UK)
• Petra Cosmetics (Malaysia)
• Shahnaz Husain Group (India)
• Safi (Indonesia)
• Nayla’s (UAE)

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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