Halal Cosmetics Market Player Analysis and Growth Opportunities

Halal Cosmetics Market Projected to Expand at 11.0% CAGR Through 2028

The Global Halal Cosmetics Market is projected to grow at a CAGR of around 11.0% during the forecast period, i.e., 2023-28. The market growth is predominantly driven by the growing Muslim population worldwide, raising the demand for quality, safe, hygienic, halal products, especially among those consumers who adhere to religious loyalties. Besides, the popularity of natural and environmental-friendly products also adds to the market expansion. Additionally, the halal market's development and increasing market players' penetration in the global cosmetics industry are extending the market growth.

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Strategic Takeaways from the Report:

Market Sizing and Forecasting
Regulatory and Policy Influence
Competitive Trends and M&A Activity
Innovation Drivers and Disruptive Technologies
Investment Hotspots and Emerging Niches
Geographical Dynamics and Trade Flows

Halal Cosmetics Market Segment Overview & Classification

This market is categorized to offer targeted insights across various operational and consumer-related verticals.

Segment List:

By Product Type

Personal Care Products
Color Cosmetics
Fragrances

Among all, Personal Care Products are expected to witness the highest market growth in the forecast period. It is attributed to the trending and prevalent use of cosmetics and personal care products, especially among Muslim women, and the rising health and hygiene awareness. Besides, Halal personal care products include a vast range of products that have substantial applications in daily life and for occasional use, extending the adoption of such cosmetics.

By Application

Hair Care
Skin Care
Face Care
Beauty Care

Here, Hair Care Application garnered a significant market share during the historical period and is expected to continue in the same trend in the forthcoming years. Hair Care includes a vast range of products, including shampoo, hair conditioner, gel, massage creams, masks, oil, etc., which everybody uses for hair care and general hygiene. Thus, consumers’ interest and desire for healthy hair have driven the industry. Additionally, increasing hair problems such as hair fall, split ends, and dandruff are consecutively surging the demand for hair care products amplifying the market. Moreover, the popularity of ever-changing hair trends, such as straightening, dyeing, and other treatment, further accelerate the demand for halal products in hair care as they are natural and adhere to stringent regulations.

By Distribution Channel

Online
Offline

By Company

Revenue Shares
Competition Characteristics

By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific.

Globally, the Middle East and Africa garnered the largest market share in the historical period, owing to the region's dense Muslim population, combined with the high spending power of the consumers. Furthermore, the prevalence rise in demand for beauty products with quality and safety has shifted the consumer towards the halal products market. Additionally, the presence of significant market players and the well-established beauty and cosmetics industry add to the market growth.

These divisions help clarify demand patterns and expected shifts.

Market Opportunities

Growing Muslim Population and Demand for Quality Products - The increasing demand for halal grooming, hygiene, and self-care products amongst the growing Muslim population has driven the industry. Besides, Halal Cosmetics are popular to possess certain quality and standards due to governmental certifications and religious rules, upgrading their value, hence exemplifying the market.

Islamic law prohibits ingredients sourced from pigs, blood, human body parts, reptiles, and insects and also states that the processing, storage, and transportation of the product to be done hygienically. Thus, the hyped safety and quality of the products have been gaining market traction in the cosmetic industry during the historical period and are expected to continue in the same way during the forecasting period.

Halal Cosmetics Market Competitive Snapshot from 2023-2028

The report highlights established and emerging players in the global Halal Cosmetics Market, evaluating their strengths, challenges, and potential for innovation.

Key Competitors Include:

Amara Cosmetics
Brataco Group Of Companies
Clara International Beauty Group
Halal Cosmetics Company
Iba Halal Care
Inika
Mena Cosmetics
Phb Ethical Beauty
Sampure Minerals
Wardah Cosmetics.

Their activities include partnerships, product launches, and geographic expansions.

Halal Cosmetics Industry Prime Challenge

Growing Popularity of Halal Certified Products Backed by Government Certifications - The growing Muslim population is leading to halal products becoming prevalent in numerous parts of the world. This has led to a need for halal certification b the government, which the products need to pass. The halal certification and government backing up the halal products open new lucrative growth opportunities for the industry. Furthermore, the non-Muslim consumer also leans towards halal products, given their authenticity and cruelty-free and natural nature, opening more chances for market revenue in the forecasting period.

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