Halal Cosmetics Market Size, Status and Forecast 2023 - Applications, Growth, Shares, Trends, Regional Analysis
Halal cosmetics market is largely driven by an increasing Muslim population that accounts for over a fifth of the global population at present. Also, as the younger generation is turning into more conscious consumers, the total spending on halal cosmetics is on a rise. The market also benefits from the increasing range of halal cosmetics in recent years. In previous times, the use of halal cosmetics was limited to just Muslim women, however, catalyzed by the massive demand of these products, more manufacturers are now increasing their range of products. Currently, a vast range of items is being offered by halal certified cosmetic manufacturers, which include toners, perfumes, shampoos, lipstick, soaps, lotions, shower gels, powders, etc.
As per the report furnished by Market Research Future (MRFR), the global halal cosmetics market size will be expanding at a striking rate of 13.40% over the forecast period (2018–2023), backed by the growing momentum and subsequent demand of halal cosmetics over the past couple of years.
- PHB Ethical Beauty,
- MMA Bio Lab Sdn Bhd.,
- Amara Cosmetics, Clara International,
- Iba Halal Care,
- Sampure Minerals,
- Wipro Unza,
- Wardah Cosmetics,
- Halal Cosmetics Company,
- Talent Cosmetics Ltd.,
- One Pure,
and many more..
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Product–wise, the global halal cosmetics market is fragmented into skin care, hair care, color cosmetics, multifunctional, as well as others. Among these, the skin care segment governs the largest share, on account of the greater focus on personal care and hygiene. Also, the color cosmetics segment is deemed to be growing at the fastest rate, with the increasing popularity of color cosmetics among consumers.
The distribution channels in the global halal cosmetics market are store-based and non-store-based. The store-based segment is sub-segmented into supermarkets & hypermarkets, convenience stores, and others. Currently, the store-based segment is leading the global market, whereas the non-store-based distribution channel is observed to gain traction over the review period.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
3 Market Research Methodology
3.1 Research Process
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The North America halal cosmetics market is considerably huge, being driven by the strong presence of numerous cosmetics companies who are continuously foraying into the halal cosmetics space. Moreover, high disposable income followed by substantial demand for halal cosmetics owing to the growing popularity is set to elevate the market position in the region.
The status of Asia Pacific market is set to be much higher in the coming years, growing at the fastest rate at a global platform. The main reason for the staggering growth rate of the regional market is the growing Muslim population across countries like Malaysia, South Korea, Indonesia, Singapore, and Thailand. Also, the untapped markets provide abundant opportunities for market growth in the region.
Europe is making similar strides, accumulating a significant market share in the global market. The expansion of the market size can be exclusively accredited to the strong presence of several top-notch cosmetic companies in the region. Furthermore, animal testing for beauty-care products is banned in the region, creating a conducive environment for the halal cosmetics market growth.
The Rest of the World is also noted to fare well in forthcoming years, particularly in the Middle East market backed by the presence of Muslim-dominated population and their preference for halal cosmetics.
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