From manufacturing stand, production stoppages due to the pandemic shall cast considerable stress on operational costs. In addition, multinational players tapping the halal cosmetics market creates lucrative growth opportunity for the for the global halal cosmetics industry. For better delivery of our new release, Please help us undestand your interest Industry and Frequency that you prefer to get the new releases. The global halal cosmetics market is expected to witness a V-shaped recovery post-pandemic. Halal Cosmetics Market is expected to be US$ 104.17 Billion in 2027. Across Middle East, halal cosmetic market is registering 12% annual growth rate reaching USD 2.3 billion in total value of halal cosmetics related sales. A. LAMEA is the largest regional market for Halal Cosmetics. Halal cosmetics market value in the U.S. 2014-2025, by category. Halal ingredients are those that are permitted by Islamic law to be used in the manufacture of a variety of products. This report. Based on the product type, the global halal cosmetics market has been segmented into personal care products and color cosmetics, where personal care products currently hold the majority of the total market share. ( US: +1-631-791-1145 ) As a result, halal cosmetics have proven to be an alternative and effective solution for consumers. The Halal Cosmetics and Personal Care market analysis seeks to cover all aspects of this industry's growth during 2022-2027. 9.4% during 2023-2028. Looking forward, IMARC Group expects the market to reach US$ The demographic variety of consumers that are spread within the UAE . Although the production costs of halal cosmetics are usually higher than regular products, consumers are willing to pay extra due to their strong religious beliefs. NEWARK, Del, Sept. 08, 2022 (GLOBE NEWSWIRE) -- The global halal cosmetics market size is expected to showcase an opulent growth opportunity with a phenomenal CAGR of 11.6% from 2022 to 2032. Halal cosmetics are products that follow religious rites, observe sharia law, and do not contain ingredients derived from pig, blood, alcohol, reptiles, and insects, among others. The global halal cosmetics market is segmented on the basis of type, application and geography. This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the halal cosmetics market analysis from 2020 to 2031 to identify the prevailing halal cosmetics market opportunities. Find out more about how we use your information in our privacy policy and cookie policy. Looking forward, IMARC Group expects the market to reach US$ 53.2 Billion by 2028, exhibiting a growth rate (CAGR) of 9.4% during 2023-2028. IMARC Group provides an analysis of the key trends in each sub-segment of the global halal cosmeticsmarket report, along with forecastsat the global andregionallevel from 2023-2028. Companies are leveraging the reach of social media for spreading awareness among the customers and to connect with their target audiences (young adults and female customers). 6. Halal Cosmetic Market by Product (Skin care, Hair care, Makeup and Other cosmetic products), By Distribution Channel (Retail Sales and Online Sales), and By Region - Global Opportunities & Forecast, 2020-2027. Free upgrade to enterprise license (allows to share across all company locations), 5. Based on application, the market is segmented into hair care, skin care, face care, and beauty care. 2. On the geographical front, Asia Pacific currently represents the largest market for halal cosmetics, accounting for the majority of the global share. By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. The market revenue/volume with the help of widespread quantitative and qualitative insights, and forecasts of the market. Halal Cosmetics Expo takes place in Indonesia, the world's largest halal market and consumer base, offering a unique opportunity for domestic and international brands, packaging and ingredients suppliers, to promote their products to a highly engaged global audience of top quality buyers. However, high costs associated with these cosmetics and lack of standard guidelines for halal certification are expected to hamper the halal cosmetics market growth. The KSA cosmetics market is worth $4.7billion as recorded in 2015 and due to major brands and household names in Saudi Arabia, including Estee Lauder Companies, L'Oreal, and Unilever tapping into the halal cosmetics market, the average Saudi Arabian woman spends no less than $3,800 per year on cosmetics. What is the expected growth rate of the global halal cosmetics market during 2023-2028? The skincare segment is the highest share-holding segment of the Halal cosmetics market Share among these categories. At present, a significant share of the non-Muslim population is shifting towards halal beauty products as they symbolize safety, cleanliness, hygiene, and are free from animal byproduct. Global Muslim food and beverage market value 2018-2024. UAE has emerged as an exceptionally attractive market for cosmetic companies to introduce their new products as it is one of the largest beauty markets in the world and is endorsed by affluent clientele. ( UK: +44-753-713-2163 ) Considerable Islamic population base across the globe that is willing to pay premium prices for Halal-certified beauty products is anticipated to drive the product demand over the forecast period. The sales of halal cosmetics Market is likely to rise at a CAGR of 11.6% from 2022 to 2032. The hair care segment held a significant share in the halal cosmetic market in 2019. The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of halal cosmetics. The market is driven by an increasing Muslim population, which now accounts for over a fifth of the global population. A. Read more Market share of halal cosmetics in the Middle East and Africa in 2016, by region The upsurge in halal fragrance market is expected to be driven by increase in desire for Muslim consumers for personal grooming. Personal care products is the leading segment in the product type for Halal Cosmetics. The companies have a potential opportunity to shift their focus from merely hygiene products to solution- oriented personal care products. The segment is primarily driven by rising awareness regarding health and hygiene. GCC Halal Cosmetics Market to Grow at 19.8% CAGR by 2027 | IMARC Group According to the latest report by IMARC Group, titled, "GCC Halal Cosmetics Market Size: Industry Trends, Share, Growth,. The global halal cosmetics market reached a value of US$ 74.7 Billion in 2020. Indonesia, Malaysia, India, and Singapore, with the largest Muslim population, are leading contributors to the halal cosmetic market in Asia-Pacific. On a regional level, the market has been classified into Asia Pacific, Middle East and Africa, Europe, North America, and Latin America, where Asia Pacific currently dominates the global market. Product Type, Distribution Channel, Region, Asia Pacific, Europe, North America, Latin America, Middle East and Africa, Clara International Beauty Group, Halal Beauty Cosmetics, INGLOT Cosmetics,INIKA Organic, IVY Beauty Corporation Sdn Bhd, Martha Tilaar Group, PHB Ethical Beauty Ltd, and Sampure Minerals, PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request). Regional Growth Insights Request Sample Pages. Copyright document.getElementById("year").innerHTML = new Date().getFullYear();. " Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players. NEWARK, Del, Sept. 08, 2022 (GLOBE NEWSWIRE) -- The global halal cosmetics market size is expected to showcase an opulent growth opportunity with a phenomenal CAGR of 11.6% from 2022 to 2032. And rightfully so. 8. Who are the key players/companies in the global halal cosmetics market? The global Halal Cosmetics market was valued at USD 17280 million in 2019 and is expected to reach USD 23590 million by the end of 2026, growing at a CAGR of 4.5% during 2021-2026. Major countries in each region are mapped according to their revenue contribution to the global market. Regional manufacturers have therefore developed small packaging products at lower costs to avoid a one-time investment. The key players addressed in the Halal Cosmetics Market Report are as follows: Amara Cosmetics INIKA Cosmetics MMA BIO LAB SDN BHD Golden Rose Sahfee Halalcare SAAF international Sampure. A. For the purpose of this study, Grand View Research has segmented the global halal cosmetics market report on the basis of product and region: Product Outlook (Revenue, USD Million, 2014 - 2025), Regional Outlook (Revenue, USD Million, 2014 - 2025). The report includes the analysis of the regional as well as global halal cosmetics market trends, key players, market segments, application areas, and market growth strategies. The term halal is often used in reference to food products, but it can also apply to other consumer goods, including cosmetics, personal care products, and pharmaceuticals. The Muslim community has evolved as a significant consumer base, with unexplored cosmetic product areas and increased per capita expenditure. 30.3 Billion in 2022. What are the key factors driving the global halal cosmetics market? Furthermore, policies across the globe restricting the movement of people have also led to disruptions in the supply of personal care products. Our support available to help you 24 hours a day, five days a week. The global halal cosmetics market is set to increase in future with international brands penetrating the halal cosmetics market, along with the increasing Muslim population and their demand for cosmetics combined with religious loyalties. Halal used to be a term reserved only for members of the Islamic faith, but over time it has come to mean anything that is . Copyright 2022 Grand View Research, Inc. All rights reserved. Hair care application has been witnessing a dominant position in the halal cosmetics application over the years owing to specific interest and desire for healthy hair and hair styling especially among Muslim women. This trend is significantly noticeable in products such as body wash, hair care products, traditional soap cakes and skin care products. 1. The market size is estimated to reach US$ 38,217 Mn in 2022 and is projected to surpass a valuation of US$ 114,524 Mn by 2032. Regionally, North America, Europe, Asia-Pacific, and LAMEA region are studied in the report. Based on product type, the market is segmented into personal care products, color cosmetics, and fragrances. Halal Cosmetics Market Size, Assessment, Key Factors, and Challenges by 2030 According to the research report published by Polaris Market Research, the Global Halal Cosmetics Market Is Anticipated To Reach USD 22.53 Billion By 2026, at a CAGR of 6.0% during the forecast period. The Halal Cosmetics market scenario is forecasted for several nations using a variety of data points, including consumption quantities, import-export analysis, production sites and volumes, cost of raw materials, price trend analysis, downstream and upstream value chain analysis, and similar others. GCC Halal Cosmetics Market - Industry Trends & Forecast Report, 2028. Europe is also witnessing growth in halal cosmetic sales owing to highly aware and traditional Muslim communities. As more women gain the ability to join . Multinational players have a potential opportunity to tap into the Muslim majority nations by entering the halal cosmetics market, thereby catering to the increasing Muslim population. Choose reports from a database of more than 10,000 reports. Click Manage settings for more information and to manage your choices. 53.2 Billion by 2028, exhibiting a growth rate (CAGR) of Apart from the domestic market, India is also considered to be the hub of exports for halal products from the UAE, Bangladesh, Saudi Arabia, and Malaysia. The global halal cosmetics market size was valued at $30,685.4 million in 2020, and is projected to reach $1,44,816.1 million by 2031, registering a CAGR of 15.2% from 2022 to 2031, A. Increasing demand for beauty products among the young Muslim populations and a gradual shift toward fashion drives the regional market growth. According to a new report published by Allied Market Research, titled, "Halal Cosmetics Market 2020-2031," The halal cosmetics market size was valued at $30,685.40 million in 2020, and is . India has a high Islamic population and ranks third in the world. Free trial, before you make a purchase decision. Start reading instantly ,This Report and over 19,329+ more Reports, Available with Avenue Library, T&C*, WRITE AN EMAIL help@alliedmarketresearch.com, U.S. - Canada :+1-800-792-5285 (Toll-free) Int'l : +1-503-894-6022 UK : + 44-845-528-1300. Some of the prominent industry participants are Martha Tilaar Group, Clara International, Wipro Unza, Paragon Technology and Innovation, and Ivy Beauty Corporation Sdn Bhd. The market is about the manufacturing process of cosmetic . GCC Halal Cosmetics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 The GCC halal cosmetics market size reached US$ 3.8 Billion in 2021. However, the lack of recognized global halal compliance certification and the standard process might hamper the market growth to a certain extent. The skincare products comprise body shampoos, body lotions, soaps, and sunscreen products, among others. The halal cosmetics market is in its nascent stage, with global players adopting aggressive strategies to develop and introduce halal-certified products in their product portfolio. This is mainly attributed to rampant growth in demand from end-use industries such as meat, beverages, and processed food. The report will account for Covid19 as a key market contributor. You can change your choices at any time by visiting your privacy controls. The online market, including e-commerce and social media platforms, continues to play a key role in driving the demand for halal cosmetics and is growing faster than other traditional distribution channels. 3. Global Halal Cosmetics Market: Snapshot. The growth of the global halal cosmetics market is driven by rise in Muslim population, development of the halal market, and increase in compliance of halal certification. Please fill out the form below for a free PDF report sample & The global halal cosmetics market size reached US$ 30.3 Billion in 2022. Some technologies include Fourier Transform Infrared (FTIR) spectroscopy and Gas Chromatography-Mass Spectrometry (GCMS). Jul 4, 2014 by admin. Some of the key players operating in the market are: The global halal cosmetics market was valued at US$ The global halal cosmetics market size was valued at USD 30.21 billion in 2021 and is projected to reach USD 83.76 billion by 2030 at a CAGR of 12% from 2022 to 2030. This report presents breakdown of market into forthcoming and niche segments. By product type, personal care products held the major halal cosmetics market share. We, Yahoo, are part of the Yahoo family of brands. What has been the impact of COVID-19 on the global halal cosmetics market? Halal Cosmetics Market 2022 Growth Opportunities and Competitive Landscape 2030 Halal Cosmetics Market Size Global Report, 2022 - 2030 " According to the research report published by Polaris Market Research, the Global Halal Cosmetics Market Is Anticipated To Reach USD 22.53 Billion By 2026, at a CAGR of 6.0% during the forecast period. It comes with the additional cost of $2500.00 contact sales. Besides, manufacturers are also using social media platforms such as YouTube, Facebook, and Instagram to influence consumers on a large scale. Despite the unfavorable situation, there are some positive scenarios that occurred during the pandemic. The market research is offered along with information related to key drivers, restraints, and opportunities. Book your free consultation and let our research experts help you with your needs/problems. It also examines new business opportunities related to geographic expansion . By Product Type; The Halal cosmetics market is categorized into haircare, skincare, color cosmetics, multifunctional, and others. Looking forward, IMARC Group expects the market to reach US$ 11.2 Billion by 2027, exhibiting a growth rate (CAGR) of 19.8% during 2022-2027. Back in 2011, in Malaysia, there were 114 local cosmetic manufacturers in the industry certified as halal. These products are also gaining traction among non-Muslim customers for its natural, environmentally-friendly, and green ingredients. Halal cosmetics are manufactured by using ingredients, which are permissible according to the Islamic Sharia law. The global halal cosmetics market reached a value of US$ 27.31 billion in 2021. The global halal cosmetics market size was estimated at USD 23.03 billion in 2018 and is projected to expand at a CAGR of 12.3% over the forecast years. Revenue in USD Million and CAGR from 2019 to 2025, North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, U.S., Canada, Germany, France, U.K., China, India, Malaysia, Indonesia, Japan, Brazil, Saudi Arabia, Kuwait, and UAE, Revenue forecast, company share, competitive landscape, growth factors and trends, 15% free customization scope (equivalent to 5 analyst working days), If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization. The market has witnessed significant growth in western countries, such as U.S. and European Union countries, owing to the increasing Muslim population and their need for safe and naturally manufactured beauty products. The Halal cosmetics market is divided into two major segments: product type and distribution channel. 1. Additionally, the government of Indonesia and Malaysia are heavily investing in the halal industrys development. These products are free from any parts or materials derived from a human body. 342.3. All Rights Reserved. Considerable Islamic population base across the globe that is willing to pay premium prices for Halal-certified beauty products is anticipated to drive the product demand over the forecast period. Growing demand for Halal-certified and Sharia-compliant product is also boosting the market growth. Countries such as the UAE, Indonesia, Kingdom of Saudi Arabia, Turkey, India and Malaysia are considered dominant markets for halal cosmetics. Halal cosmetics have witnessed significant adoption among the Muslim consumers owing to the increased demand for personal grooming and trending beauty products that adhere to religious loyalties. Halal cosmetics market demand is driven by the growing number of Muslims willingness to combine personal hygiene with religious observances. The global Halal Cosmetics market research report provides comprehensive details on recent industry advancements, market share, market size, trade regulations, the effects of domestic and localised market participants, production analysis, and value chain optimization. In many countries, manufacturers use lard or pork as a cheaper substitute for oil. An upcoming research report by Transparency Market Research (TMR) provides complete . Looking forward, the market is projected to reach US$ 54.06 billion by 2027, exhibiting at a CAGR of 11.85% during . 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. Major growth factors for GCC halal cosmetics market include strong and wide presence and growing Muslim population and . Looking forward, IMARC Group expects the market to reach US$ 54.06 Billion by 2027, exhibiting at a CAGR of 11.85% . Each of these products must be certified by manufacturers to guarantee that it does not contain any components which are not in compliance with Islamic law. Halal cosmetics are manufactured or sourced from halal ingredients, including oils, organic solvents, proteins, vitamins, plant, and botanical extracts, and antioxidants. cosmetics are beauty products manufactured using ingredients that are free of . For example, Eco trail, an Indian company and U.K.-based PHB Ethical Beauty offer products that are not only Halal certified but also cruelty-free and free from harmful substances. The global halal cosmetics market size was estimated at USD 23.03 billion in 2018 and is projected to expand at a CAGR of 12.3% over the forecast years. Halal is a term that applies to a broad scope of consumable products, including food, pharmaceutical ingredients, or in this case, cosmetics & personal care. The report includes comprehensive analysis of the key players in the operating in the market such as Amara Cosmetics, Iba Halal Care, Halal Cosmetics Company, Clara International, Inika, Wardah Cosmetics, PHB Ethical Beauty, Sampure Minerals, One Pure, Mena Cosmetics, and SaafSkinCare. These factors create lucrative opportunities for the multinational players operating in the global halal cosmetics market. New Jersey, USA-The Global Halal Cosmetics Market research also contains information on the repository and an evaluation of every aspect of the global and regional sectors.From a business viewpoint, the Halal Cosmetics market research includes each main supplier's production capacity, market share, market sales, and ex-factory price in the global Halal Cosmetics market. A rise in the inclination among global people toward the use of different types of beauty products is expected to drive the sales growth in the global halal cosmetics market during the forecast period of 2021 to 2031. What was the size of the global halal cosmetics market in 2022? According to The Insight Partners latest market study on "The global Halal Cosmetics Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product Type (Skincare, Haircare, Makeup, and Others), Category (Men, Women, and Unisex), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, Others)" the market is expected to grow from US$ 36,686.54 . Currently, offline channels exhibit a clear dominance in the market. Southeast Asian region is projected to witness the most lucrative growth over the forecast period. Halal cosmetics are manufactured by using ingredients, which are permissible according to the Islamic Sharia law. These products are further segregated as skincare, haircare, fragrances and others. 7. Global Halal Cosmetics Market to Reach $99.3 Billion by 2027 In the changed post COVID-19 business landscape, the global market for Halal Cosmetics estimated at US$39.7 Billion in the year 2020, is projected to reach a revised size of US$99.3 Billion by 2027, growing at a CAGR of 14% over the analysis period 2020-2027. A. In the U.K., around 35% of Muslims fall into the demographics of 1835 years old, a significant consumer base for the halal cosmetics market. The halal cosmetics market has expanded its product base to prominently tap into the cosmetics market owing to increase in demand for halal cosmetic products worldwide, particularly regions dominated by Muslim population such as UAE, Saudi Arabia, Indonesia, Malaysia, Turkey, and others. All Rights Reserved. Stringent regulations guarding the halal cosmetics industries in terms of the formulation of these products have set a benchmark for quality assurance. This website is secure and your personal details are safe. Based on application, hair care segment gain a major share in the market and is likely to remain same throughout the forecast period. The recent past has witnessed a rampant rise in demand for halal-certified products. AHF believes this trend will continue over the next decade. The halal cosmetics markets most prominent driver is the surging demand for halal products by the growing Islamic population. What are the key regions in the global halal cosmetics market? The global. The competitive landscape of the market has been analyzed in the report with detailed profiles of the leading manufacturers. Free business intelligence platform with subscription, 4. Global Market Size and Growth Forecast. Global " Halal Cosmetics And Personal Care Products Market " 2023 Research Report is the single authoritative source of intelligence on Halal Cosmetics And Personal Care Products. Thank you for contacting us, our sales representative will get in touch with you shortly! The global halal cosmetics market size was valued at USD 30.21 billion in 2021 and is projected to reach USD 83.76 billion by 2030 at a CAGR of 12% from 2022 to 2030. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. In U.K, for instance more than 35% Muslims fall into desirable 18-35 year old . The primary factor driving demand in the Europe market is the unique packaging style developed by Dutch entrepreneurs, who started the idea of halal cosmetics in this region. As per the Africa Islamic Economic Foundation, the Middle East and North Africa accounted for 19.9% of the world's Muslim population in 2019. With growth in the Muslim population, the multinational players such LOreal, Unilever, P&G, and others have potential opportunities to penetrate into the halal cosmetics industry with an aim to cater to the increasing demands for halal cosmetic products. Hair care segment is the leading application of the Halal Cosmetics Market. What is the breakup of the global halal cosmetics market based on the product type? The skincare segment held the largest market share in 2019 and is expected to continue the same during the forecast period. Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network. This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. online dashboard trial. Halal Cosmetics Market Research, 2031 The global halal cosmetics market was valued at $30,685.40 million in 2020, and is projected to reach $144,816.10 million by 2031, growing at a CAGR of 15.2% from 2022 to 2031. Halal-certified beauty is a booming market with a global turnover worth USD 74.7 billion in 2020 [].Driven by the increasing religious awareness of younger Muslim consumers and the growing Muslim population worldwide, sales of halal cosmetics are projected to grow 9.6% CAGR until 2026 [].To date, South-East Asia is the main market for halal cosmetic and personal care products. Gulf Cooperation Council (GCC) Halal Cosmetics Market size is expected to expand at a steady CAGR of 16.2% during the forecast period between 2022 and 2028. Halal Cosmetics Market Outlook (2022-2032) [333 Pages Report] The global halal cosmetics market size is estimated to be valued at US$ 38,217 Mn in 2022 and is projected to surpass a valuation of US$ 114,524 Mn by 2032. In this blog, we give you the whole details about the Global Halal Cosmetics Market Detailed Analysis Report 2022 in which we . Companies in the market are spending high amounts on promotional activities spreading awareness about the benefits of using halal beauty products. Earlier, the choice of halal cosmetics used to be limited, however, over the past few years there has been an increase in the demand for these products, which has led to a consequent rise the number of halal-certified cosmetic manufacturers in the market. The halal logo is considered as an indication of safety and product quality assurance, further driving the market growth. CG : Personal care and cosmetic| Pages: 225 | Author(s) : Raju K , Roshan D, Single User License, Five User License & Enterprise User License. According to the CXO insights of key players of the halal cosmetics market, lack of standard guidelines for halal certification and high costs associated with halal cosmetics are the major challenges that can restrain the growth of the global halal cosmetics market. This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. The global halal cosmetics market size is estimated to be valued at US$ 38,217 Mn in 2022 and is projected to surpass a valuation of US$ 114,524 Mn by 2032. All Rights Reserved. The rising demand for diverse halal-certified products, such as perfumes, toners, lipstick, etc., as they are safe and free from animal byproduct, is primarily driving the global halal cosmetics market. Rise in Muslim population, development of the halal market, and increase in compliance of halal certification are the upcoming trends of Halal Cosmetics Market. The global Halal Cosmetics market is rapidly gaining traction over the recent years and is expected to register robust revenue growth throughout the forecast period of 2021 and 2028. Thank you for requesting a call back, our sales representative will get in touch with you shortly! The product range includes fragrances; personal care products applicable for personal hygiene; color cosmetics such as lipsticks, foundation, lip balms; and skin care products, including rejuvenating creams, moisturizers, and lotions. Asia-Pacific dominated the . Cosmetic companies present in this region are trying to consolidate their position by offering a wide range of products. There has been a promotion of prestigious cosmetic brands in local magazines in Malaysia. Debouching hairstyle trends, such as dyeing and hair-straightening, compromises the hair and scalp health, further driving the demand for halal hair care products as they are natural and environmentally-friendly and adhere to the stringent regulations and quality standards. The global halal cosmetics market size was valued at USD 30.21 billion in 2021 and is projected to reach USD 83.76 billion by 2030 at a CAGR of 12% from 2022 to 2030. 4. The global halal cosmetics market reached a value of US$ 27.31 billion in 2021. Halal Products Market Analysis. The global halal cosmetics market size is expected to showcase an opulent growth opportunity with a phenomenal CAGR of 11.6% from 2022 to 2032. Global Forecast, Impact of COVID-19, Industry Trends, by Product Type, Growth, Opportunity Company Analysis. AHF has seen a 132% increase in demand for halal certification of cosmetics and personal care products. All rights Reserved By Straits Research, Figure 1: Halal Certification Bodies by Region, 2019, Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends, by Product (Skincare, Hair Care, Hygiene Products, Makeup, Fragrance), Distribution Channel (B2B, B2C), North America, Europe, Asia-Pacific, LAME and Rest of the World. Since Muslim consumers prefer halal products, fragrances being one of them, it can be major growth opportunity for international cosmetics companies to tap the fragrance market. Currently, these manufacturers offer a wide range of products, including perfumes, toners, lipstick, shampoos, lotions, soaps, powders and shower gels. Halal personal care products include a vast range of product portfolio that have a substantial application in the daily lives of Muslim consumers owing to the religious adherences. Saudi Arabia Halal Cosmetics Market 2022: By Types, Applications, Size, Share, Key Players & Regions Forecast Analysis till 2030 research report added by Polaris Market Research is a detailed examination of market segmentation, regional outlook, competitive scenario, and Saudi Arabia Halal Cosmetics market share.The study contains historical and predicted growth of the industry based on geography. The . The increasing demand for beauty and make up trends associated with high spending power and religious adherences among Muslim consumers are expected to drive the halal cosmetics market. Increasing disposable income coupled with the adoption of modern lifestyle is presumed to be the major factor behind the segments development. Halal skincare products provide essential care with assured standards, further driving the segment growth. As a result, manufacturers have started introducing Sharia-compliant products. Halal Cosmetics Market is estimated to grow at a CAGR of 13.8% from 2022 to 2028 and to reach US$ 79,861.73 million by 2028 With the skin being the biggest organ of the human body, naturally, the ethical and moral guidelines of consumption take on significant weight. Asia-Pacific is expected to be the fastest growing region in the global halal cosmetics market owing to the increasing Muslim population and rising purchasing power in Muslim majority countries. Among applications, beauty care is expected to witness the fastest growth owing to the increasing desire for trendy make up and personal grooming among Muslim women. Factors, such as a rise in spending on personal care products, awareness regarding the hazards of transdermal cosmetics, and demand for eco-friendly cosmetics have fueled the product growth in this regional market. The sudden rise of COVID-19 to a pandemic level has severely impacted the demand patterns of cosmetics and also certain categories of personal care products. The region houses the second-largest Muslim population, coupled with people with the highest spending power. Halal cosmetic is an emerging market, gaining popularity in the last few years due to the rising Muslim population and surging awareness regarding skincare and product safety. Some of the halal compliances of cosmetics and personal care products include MS 2200-1:2008 for cosmetic and personal care and MS 2200-2:2013 for the use of animal bone, skin, and hair. The consumer goods sector is rapidly growing due to factors such as paradigm shift in consumer preferences, rising demand for convenience and ongoing COVID-19 . Halal cosmetics are products that follow religious rites, observe sharia law, and do not contain ingredients derived from pig, blood, alcohol, reptiles, and insects, among others. There are some vegan varieties that extend the market opportunity for the non-Muslim population as well. As per the Africa Islamic Economic Foundation, the number of Muslims in Europe is anticipated to increase from 44.1 million in 2010 to 58.2 million in 2030. The global halal cosmetics market reached a value of US$ 27.31 Billion in 2021. The global halal cosmetics market is anticipated to grow at a significant CAGR of 10.1% during the forecast period. In 2016, halal cosmetic products in MEA registered a market share of 7.91 percent. Launching in June 2021, from the organisers of the in-cosmetics portfolio of events, Halal Cosmetics Expo is the first trade event in Asia that is 100% dedicated to halal personal care.. Halal Cosmetics Expo provides a channel for halal beauty brands to promote their products to key global retailers, wholesalers and distributors.If you are a brand looking to develop halal-permissible products . They are manufactured using a complex mixture of all these ingredients under halal standards. The Global Halal Cosmetics Market was valued at US$ 22,767. A. Need to talk to an expert? Growing awareness regarding the use of cosmetic products is also likely to be one of the key factors driving the market. In the year 2021, the Global Halal Cosmetics Market was valued at USD 27,345.00 million. Also, the production, packaging and storage process of halal cosmetics requires optimum level of cleanliness, which is driving their demand across several non-Muslim countries. Worldwide leading global Muslim . LAMEA dominates the global halal cosmetics market due to growth in Muslim population in Middle East countries such as Saudi Arabia, UAE, Qatar, Kuwait, and others. The. Additionally, a significant focus is placed on consumption volume and value to provide a crystal-clear picture of the business's future course. The market growth is attributed to the rising consumer awareness about the detrimental consequences of certain substances like carbon black and carcinogens, which are extensively used in cosmetics. Mn in 2018 and is projected to increase significantly at a CAGR of 12.7% from 2019 to 2028. The size of this market is expected to increase to USD 58,955.90 million by the year 2028, while growing at a Compounded Annual Growth Rate (CAGR) of 11.6%. 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