Global Halal Cosmetics Market Research Report: Forecast (2023-2028)

Market Definition

Halal Cosmetics are products having permissible ingredients by Islamic Sharia law and usually devoid of ingredients derived from pigs, blood, alcohol, reptiles, or insects. Additionally, the products are not permitted to have components obtained from animals that are slaughtered in a non-halal way. The products are also free from genetically modified organisms (GMOs), as they are considered unclean. Moreover, per the religious law, the products are to be manufactured safely, in a clean environment, and stored hygienically. Thus, each of these products must be certified and up to the mark, in compliance with Islamic law.

Market Insights & Analysis: Global Halal Cosmetics Market (2023-28)

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. 

Moreover, the rising number of Muslim women entering the workforce and the cosmetic industry is positively affecting the industrial ascension. Furthermore, the industry will likely grow multi-dimensionally with the growing trend of personal grooming, skincare, hygiene routine adoption, etc. Again, the high popularity and prevalence of vegan lifestyles among consumers approving vegan cosmetics as environment-friendly and cruelty-free options add to the market value.

Contrary to this, the higher cost of cosmetics than conventional products will likely hinder market expansion. However, the growing popularity of halal-certified products and governments backing the production and distribution of cosmetics is expected to accelerate the industry. 

Global Halal Cosmetics Market Key Drivers:

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. 

Global Halal Cosmetics Market Possible Restraint:

Higher Cost of Halal Cosmetics than Conventional Products - Because of added restrictions of not being able to add chemicals or animal-derived ingredients etc., the price of Halal products becomes much higher than conventional cosmetics, which could restrain the industry during the forecasting period. Although quality and safety lure the attention of consumers, the price could deflect away potential customers who cannot afford halal products, restraining industrial ascension. High availability of conventional cosmetics as a cheaper option against the market could impede industrial growth. 

Global Halal Cosmetics Market Growth Opportunities

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. 

Global Halal Cosmetics Market Key Trends:

Spreading Popularity of Natural and Eco-Friendly Cosmetics - With increasing socialization, digitalization, and access to e-commerce, consumers have started to adopt the utilization of self-care and skin care products for health and hygiene reasons, increasing the demand for cosmetic products. Furthermore, as consumers are becoming more active towards sustainable practices and fighting environmental issues, Natural and Eco-Friendly cosmetics have gained traction among consumer choices, pushing the market forward.

In addition, the burgeoning popularity of halal products as natural and cruelty-free products have fueled the industry. Moreover, numerous brands adding more natural ingredients in their new products has further propelled the industry. 

Global Halal Cosmetics Market (2023-28): Segmentation Analysis

Global Halal Cosmetics Market report by Markntel Advisors includes segmentation analysis based on Product Type and Applications. This breakdown allows businesses to identify specific market segments and tailor their marketing and product strategies accordingly, maximizing their chances of success in the Global Halal Cosmetics Market.

Based on 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.

Additionally, with being cruelty-free, etc., halal cosmetics mainly do not cause skin irritation or have no long-term side effects on consumers’ health, increasing people’s alignment towards halal products. Moreover, increasing disposable income and changing spending habits, including the budget for self-care products, are likely to bode well for the market value during the forecasting period. Along similar lines, these products stand as another vegan option for people following a vegan lifestyle, exploring the market dimensions further. 

Based on 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. 

Global Halal Cosmetics Market Regional Projection

Geographically, the Global Halal Cosmetics Market expands across:

• North America
• South America
• Europe
• 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.

Similarly, the Asia-Pacific region is expected to witness robust growth due to numerous residing countries possessing various countries with high Muslim populations. Furthermore, with key market participants looking to focus on developing countries and expand their market, the region will likely witness a massive industrial spurt.

Global Halal Cosmetics Industry Recent Developments 

• In November 2022, Believe Company invested 10 million USD in partnering with Iba Halal Care Cosmetics to distribute and expand their retail market space across operating countries, including Middle Eastern, South Asian, and European countries. 
• In April 2022, Inika launched its new cosmetics collection named Pure and Purpose, which includes Lash & Brow Serum, Hydrating Toning Mist, Eyeshadow Quads, Brow Palette, and more products claiming to be 100% natural, vegan-certified, halal-certified, and cruelty-free. 

Gain a Competitive Edge with Our Global Halal Cosmetics Market Report

1. Global Halal Cosmetics Market report provides a detailed and thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics and make informed decisions.
2. This report also highlights current market trends and future projections, allowing businesses to identify emerging opportunities and potential challenges. By understanding market forecasts, companies can align their strategies and stay ahead of the competition.
3. Global Halal Cosmetics Market report aids in assessing and mitigating risks associated with entering or operating in the market.
4. The report would help in understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks and optimize their operations