PUBLISHER: Renub Research | PRODUCT CODE: 1463190
PUBLISHER: Renub Research | PRODUCT CODE: 1463190
Halal Cosmetics Market was worth US$ 40.17 Billion in 2023. It is expected to grow at a CAGR of 12.95% from 2024 to 2032 and be valued at US$ 94.20 Billion by 2030.
Muslim and non-Muslim clients globally seek halal cosmetics that adhere to Islamic law. Muslim purchasers prioritize these products because they are conscious of ingredient popularity and desire items that align with religious ideals. Non-Muslims additionally favor halal cosmetics for their perceived safety, ethical sourcing, and environmentally pleasant practices. As the halal market expands into cosmetics, manufacturers offer various alternatives. This highlights the importance of inclusivity and cultural sensitivity in the cosmetics industry.
Halal Cosmetics Market Trends
The worldwide halal cosmetics market is prospering due to the increasing Muslim populace, which comprises a substantial part of the worldwide populace. Islam, with over two billion followers, as per the World Population Review, is projected to outnumber Christians by 2050. This demographic shift fuels the need for halal-licensed merchandise, including cosmetics, as Muslim clients prioritize aligning their lifestyle alternatives with religious ideals. Consequently, beauty brands cater to this growing market segment by offering a range of halal-certified merchandise to meet Muslim customers' evolving needs and preferences worldwide.
The global halal cosmetics market is poised to increase as clients express concern for animal welfare and living rights. With a growing demand for cruelty-free and ethical beauty products, halal cosmetics, which adhere to Islamic concepts emphasizing compassion for all living beings, are gaining recognition. This trend displays a broader shift toward aware consumerism, propelling the market's enlargement.
The online sales channel is propelling the global halal cosmetics market's growth, capitalizing on digitalization's effect on purchaser behavior. This shift towards online purchasing gives comfort and accessibility, mainly within the halal cosmetics area. Online systems enable a broader market reach, concentrating on Muslim clients searching for religiously aligned merchandise and non-Muslim consumers interested in ethical beauty alternatives. Online channels facilitate brand engagement and loyalty via personalized experiences and strategic influencer collaborations. It is seen in Something's successful TikTok marketing campaign in Malaysia, which uses the Indonesian halal beauty brand. This trend underscores the online channel's pivotal position in shaping the halal cosmetics market's trajectory.
Color cosmetics segment is an essential segment in the Global Halal Cosmetics Industry
Color cosmetics refer to makeup products used on the face, eyes, lips, and nails. It is one of the quickest-developing segments in the global halal cosmetics market. As Muslim clients demand more makeup options, these merchandise help add coloration, definition, and dimension to facial features. There is a developing choice for halal-compliant color cosmetics as more people become aware of the advantages of halal-certified beauty merchandise. These cosmetics offer exquisite pigmentation and the latest shades that cater to diverse cultural possibilities.
Asia-Pacific Halal Cosmetics Market
The Asia-Pacific region is leading in the global halal cosmetics market. Significant Muslim populations in Indonesia, Malaysia, and India propel this growth. According to the World Population Review, Indonesia has the highest number of Muslims worldwide, with a predicted 231 million, constituting 86.7% of its population and nearly 13% of the worldwide Muslim population. This demographic creates a strong demand for halal-licensed cosmetics.
Increasing customer cognizance of product ingredients and ethical sourcing also propels the market. This aligns with Islamic guidance on manufacturing. Merging vegan beauty traits with halal concepts and advocating for cruelty-free and animal-derived component-free products also broadens market appeal to a broader audience. For example, in April 2023, the Indian splendor emblem of Saba Personal Care aimed to capitalize on this trend by presenting halal and vegan products. This is expanding its purchaser base beyond Muslims and competing with multinational agencies that have not begun to tap into those categories.
Halal Cosmetics Company News
Some major players in the halal cosmetics market include Estee Lauder, L'Oreal, S&J International Enterprises, Kao Corporation, Clara International Beauty Group, INIKA, AMARA COSMETICS, WARDAH COSMETICS, SAMPURE MINERALS, and HALAL COSMETICS COMPANY.
Product Type - Global Halal Cosmetics Market breakup from 3 viewpoints
Applications - Global Halal Cosmetics Market breakup from 4 viewpoints
Distribution Channels - Global Halal Cosmetics Market breakup from 5 viewpoints
Country - Global Halal Cosmetics Market breakup of 24 Countries covered in the Report
All key players have been covered from 3 viewpoints
Company Analysis