“Global Halal Cosmetics Market Analysis and Forecast, 2019-2028” – by RationalStat

The report, titled “Global Halal Cosmetics Market” analyzes the global and regional market according to the type of product, gender, category, distribution channel, and location. A thorough report offers a detailed analysis of the historical and projected market size till 2028, along with a market trend analysis. The report provides the importance of market share, the analysis of product portfolios, the cosmetics, and personal care market, regional demographics, an overview of the competition, and strategic imperatives. It also provides numbers of sales per year, expansion opportunities, and a competitive assessment for market players to be targeted.

The Market and its Dynamics The demand for Halal Cosmetics to rise during the forecast period due to the increasing awareness of consumers about the harmful effects of certain chemicals.

The market for halal products worldwide is predicted to expand at a CAGR of approximately 9 percent over the 2022-2028 forecast period. The growing awareness among consumers about the negative impacts of certain substances like carcinogens and carbon black that are commonly utilized in cosmetics is driving the demand for cosmetics that are halal.

The market for halal cosmetics is expected to witness a significant expansion over the coming six years. Factors that fuel the demand for halal-certified cosmetics are products’ commitment to their product, its reliability and the desire to purchase Halal cosmetics, trust in the process of developing products, and a green mindset. Additionally, the Muslim populace plays a significant factor in driving the demand for halal cosmetics because of various religions.

Asia Pacific and Middle East regions are considered to be the most significant regions for halal cosmetics. Asia Pacific market includes both small and large sellers and producers providing a broad range of products that cater to many different types of customers. Asia Pacific is home to most of the Muslim populace.

The need for halal cosmetics within the personal and beauty sectors has grown because of Germany’s huge Muslim population and the acceptance of a cruelty-free lifestyle.

Furthermore, the GCC region offers producers and sellers of halal cosmetics a substantial potential for growth and success in the market.

Segmental Analysis

Based on product type, the hair care segment is dominating the global halal cosmetics market due to desire and specific interest in healthy hair, especially among Muslim women.
On the basis of distribution channels, the conventional Retail (Brick and Mortar Stores, Convenience Stores) segment to gain traction. Usually, these products are sold through offline or bricks and mortar distribution channels as halal cosmetics certified suppliers are likely to reach their consumers conveniently through different kinds of physical stores.

Based on region, Asia Pacific and Middle East regions are anticipated to hold a prominent share owing to Increasing awareness of halal cosmetics, their advantages over other cosmetics that have a variety of side effects, and the items that signify that they are cruelty-free and safe for use.

Competition Analysis

The global halal cosmetics market is fragmented in nature with the presence of various players operating in the global market. Companies are investing in R&D for the growth of the global market. These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships, and collaborations are some of the strategies followed by industry players. Some of the key developments in the global halal cosmetics market include,

In 2022, South Korea-based Kolmar announced to penetrate into the Middle East and North Africa region where it would supply its halal-certified cosmetics to cater to a wide range of customers.

In September 2021, Mikyajy – a Dubai-based cosmetic brand, introduced its first halal-certified make-up line.

Some of the prominent players operating in the global halal cosmetics market include, Breena Beauty, Amara Beauty, SO.LEK Cosmetics, Tuesday In Love, Inika Organic (Total Beauty Network Pty Ltd.), Ivy Beauty Corp., Clara International Beauty Group, Iba Cosmetics (Ecotrail Personal Care Pvt. Ltd.), Kolmar Korea, MENA COSMATICS CO., LTD., Sampure Minerals, The dUCk Group, Halal Beauty Market, Amara Beauty, Wardah Cosmetics, and SimplySiti among others.

RationalStat has segmented the global halal cosmetics market on the basis of product type, gender, category, distribution channel, and region.

By Product Type
Skin Care
Personal Care
Hair Care
Fragrances
Beauty Care
By Gender
Men
Women
By Category
Mass
Premium
By Distribution Channel
Conventional Retail (Brick and Mortar Stores, Convenience Stores)
Modern Retail
Supermarkets/Hypermarkets
Specialty and Discount Stores
Pharmacies/Drug Stores
E-Commerce
By Region
North America
US
Canada
Latin America
Brazil
Mexico
Rest of Latin America
Western Europe
Germany
UK
France
Spain
Italy
Benelux
Nordic
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
Japan
India
South Korea
Australia
ASEAN (Indonesia, Vietnam, Malaysia, etc.)
Rest of Asia Pacific
Middle East & Africa
GCC
South Africa
Turkey
Rest of the Middle East & Africa
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