The word "halal," in context to cosmetics, means products which is manufactured, and composed of ingredients acceptable by the Islamic Sharia law. Halal cosmetics market is projected to grow with a CAGR of 12.9% from 2017 to 2025. Rising purchasing power and awareness about benefits of halal cosmetics among the consumers is increasing the demand for halal products. Due to the increasing demand of halal cosmetic products, companies are trying to diversify their product offerings. Some Muslims consumers are prefer shopping of personal care and beauty-care brands which are sharia obedient and avoid using products having ingredients such as pork fat, non-halal animal derivatives, and alcohol. Halal laws are different for different countries, due to which manufacturers find difficult to meet the standardized set of guidelines, which in turn restraining the growth of the global halal cosmetics market.

The Asia Pacific was the dominating region and was accounted for approximately 62.2% of the overall market revenue in 2016, as the region have significant Muslim population with good socio-economic environments. The Middle East & Africa is projected to observer a significant growth, due to the authority of Islamic code. The region is anticipated to grow with a CAGR of 13.1% from 2017-2025.

The report titled “Global Halal Cosmetics Market - Growth, Future Prospects and Competitive Analysis, 2017– 2025” offers strategic insights into the global halal cosmetics industry along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of multiple market segments based on halal cosmetics market size, product type and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2016 & 2025. The report also provides a prolific view on market dynamics such as market drivers, trends, restraints and opportunities. The report incorporates a separate section highlighting key trends analysis of the overall halal cosmetics market.

In order to help the strategic decision-makers, the report also includes profiles of the leading halal cosmetics manufacturers, their business strategies and key developments. Some of the major players profiled in the report are Clara International, INGLOT, INIKA Cosmetics, Ivy Beauty, Maicare Marketing, Martha Tilaar Group, MMA Bio Lab (IMED Lab), PHB Ethical Beauty, Saaf Skincare and Prolab Cosmetics, Talent Cosmetic Co., Ltd., The Halal Cosmetics Company, and Zelcos. Further, the report also covers the market positioning of the key players operating in the calcium formate market. The section further includes a brief on key strategies adopted by the major players operating in the market. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the halal cosmetics industry
• Market driver, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2015 – 2016)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global halal cosmetics market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.  

Growing number of educated and youth Muslims are more motivated towards the personal hygiene with religious concerts. Skin care segment is the largest segment contributing nearly 34.27% of the overall market segments. Muslim and non-Muslim consumers prefer sharia obedient skin care products over vegan products in order to avoid skin related harmful effects. These products are manufactured according to the Islamic laws and are without animal derived ingredients. Due to which the demand for halal certified products had observed a significant growth in skin care as well as hair care product type. Halal hair care products have a wide range of product portfolio to attract the consumer demand. Hair care product type had a share of around 15.76% in 2016, due to awareness and aspiration for healthy hair especially among Muslim women.

Asia Pacific is the largest region growing with a CAGR of 13.3% from 2017-2025. South East Asian countries such as South Korea, Indonesia, Singapore, Malaysia, and Thailand are likely to have a significant growth due to a rise in Islamic population along with huge unexploited potential in developing economies. Middle East & Africa is projected to show a significant growth due to the supremacy of Islamic philosophy. The region accounted for about 7.7% share of the overall market in 2016. European region is anticipated to grow at a constant rate, due to the presence of global players in the region.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Halal Cosmetics market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Halal Cosmetics market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Halal Cosmetics market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Halal Cosmetics market?
• Which is the largest regional market for Halal Cosmetics market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Halal Cosmetics market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Halal Cosmetics market worldwide?