The global halal cosmetic products market revenue was around US$ 85.13 billion in 2022 and is estimated to reach US$ 162.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 7.48% during the forecast period from 2023 to 2031.
Halal cosmetics are products made using ingredients that are acceptable under Islamic law. There are no ingredients in cosmetics that come from animals or organisms created through engineering structures. The rise in the number of Muslims has resulted in a sudden increase in demand for halal cosmetics.
Market Driving Factors
The increasing compliance with halal certification benefits the market. Halal cosmetics are made from halal components, like organic solvents, oils, plants, proteins, botanical extracts, vitamins, and antioxidants. In addition, these products are processed, produced, stored, and transported under strict guidelines for halal-certified cosmetic quality and safety. As a result, halal skincare products offer established standards, and the halal mark is recognized as a symbol of product safety and high standards, which is assisting the growth of halal cosmetics products.
A surge in customer expectations for product safety and quality creates ana positive impact on the market. Islamic law forbids the use of substances made from pigs, humans, blood, reptiles, or insects. The law also requires sanitary production, processing, storage, and transportation of the goods. When compared to other kinds of commercially available cosmetics, halal-certified cosmetics are safer and of higher quality. This factor also contributed to the rise in halal certification for cosmetics on a global scale.
The high price of halal cosmetics is a barrier to consumer demand, which limits market growth.
Regional Analysis
Southeast Asia is estimated to dominate the market over the projection period. This is due to the increase in expenditures on personal care products, awareness regarding the hazards of transdermal cosmetics, and demand for eco-friendly cosmetics have boosted the product growth in this region. Cosmetic company's presence in this region is attempting to strengthen their position by providing a wide variety of products. Companies are making use of social media to spread awareness among customers and to interact with their target audiences (female and young adult customers).
Europe is estimated to dominate the market in terms of revenue. This is due to the distinctive packaging style created by Dutch entrepreneurs, who pioneered the concept of halal cosmetics in this region. Furthermore, the rising Muslim population and their requirement for safe naturally produced beauty products. As a result, these factors are predicted to dominate the market.
Segmentation Insights
Product Type Insight
The skincare segment dominates the market over the forecast period. This is due to the growing awareness regarding the advantages of utilizing skincare products. The majority of cosmetic ingredients irritate the skin and may have long-term health effects. Therefore, halal cosmetics have proven themselves as an effective substitute and practical solution for customers. Growing disposable income and the utilization of a modern lifestyle is presumed to be the main driving element for the segment's growth.
The hair care segment dominates the market in terms of the major share. Halal hair care products like hair shampoo, hair conditioner, hair gel, hair oil, and others have witnessed a leading place in the application of halal cosmetics over the years. This is due to Muslim women's particular interest in and desire for healthy hair and hair styling.
Prominent Companies
Segmentation Outline
The global halal cosmetic products market segmentation focuses on Product Type, Distribution Channel, and Region.
By Product Type
By Distribution Channel
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL HALAL COSMETIC PRODUCTS MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: HALAL COSMETIC PRODUCTS MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL HALAL COSMETIC PRODUCTS MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL HALAL COSMETIC PRODUCTS MARKET, BY PRODUCT TYPE
5.1 OVERVIEW
5.2 SKIN CARE
5.3 HAIR CARE
5.4 COLOR COSMETICS
5.5 FRAGRANCES
6 GLOBAL HALAL COSMETIC PRODUCTS MARKET, BY DISTRIBUTION CHANNEL
6.1 OVERVIEW
6.2 SUPERMARKETS/HYPERMARKETS
6.3 SPECIALTY STORES
6.4 CONVENIENCE STORES
6.5 ONLINE RETAIL STORES
6.6 OTHERS
7 GLOBAL HALAL COSMETIC PRODUCTS MARKET, BY GEOGRAPHY
7.1 OVERVIEW
7.2 NORTH AMERICA
7.2.1 NORTH AMERICA MARKET SNAPSHOT
7.2.2 U.S.
7.2.3 CANADA
7.2.4 MEXICO
7.3 EUROPE
7.3.1 EUROPE MARKET SNAPSHOT
7.3.2 WESTERN EUROPE
7.3.2.1 THE UK
7.3.2.2 GERMANY
7.3.2.3 FRANCE
7.3.2.4 ITALY
7.3.2.5 SPAIN
7.3.2.6 REST OF WESTERN EUROPE
7.3.3 EASTERN EUROPE
7.3.3.1 POLAND
7.3.3.2 RUSSIA
7.3.3.3 REST OF EASTERN EUROPE
7.4 ASIA PACIFIC
7.4.1 ASIA PACIFIC MARKET SNAPSHOT
7.4.2 CHINA
7.4.3 JAPAN
7.4.4 INDIA
7.4.5 AUSTRALIA & NEW ZEALAND
7.4.6 ASEAN
7.4.7 REST OF ASIA PACIFIC
7.5 MIDDLE EAST & AFRICA
7.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
7.5.2 UAE
7.5.3 SAUDI ARABIA
7.5.4 SOUTH AFRICA
7.5.5 REST OF MEA
7.6 SOUTH AMERICA
7.6.1 SOUTH AMERICA MARKET SNAPSHOT
7.6.2 BRAZIL
7.6.3 ARGENTINA
7.6.4 REST OF SOUTH AMERICA
8 GLOBAL HALAL COSMETIC PRODUCTS MARKET COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 COMPANY MARKET RANKING
8.3 KEY DEVELOPMENT STRATEGIES
8.4 COMPETITIVE DASHBOARD
8.5 PRODUCT MAPPING
8.6 TOP PLAYER POSITIONING, 2022
8.7 COMPETITIVE HEATMAP
8.8 TOP WINNING STRATEGIES
9 COMPANY PROFILES
9.1 ECOTRAIL PERSONAL CARE
9.1.1 OVERVIEW
9.1.2 FINANCIAL PERFORMANCE
9.1.3 PRODUCT OUTLOOK
9.1.4 KEY DEVELOPMENTS
9.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.2 IVY BEAUTY CORPORATION
9.2.1 OVERVIEW
9.2.2 FINANCIAL PERFORMANCE
9.2.3 PRODUCT OUTLOOK
9.2.4 KEY DEVELOPMENTS
9.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.3 THE DUCK GROUP
9.3.1 OVERVIEW
9.3.2 FINANCIAL PERFORMANCE
9.3.3 PRODUCT OUTLOOK
9.3.4 KEY DEVELOPMENTS
9.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.4 CLARA INTERNATIONAL BEAUTY GROUP
9.4.1 OVERVIEW
9.4.2 FINANCIAL PERFORMANCE
9.4.3 PRODUCT OUTLOOK
9.4.4 KEY DEVELOPMENTS
9.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.5 INIKA ORGANIC
9.5.1 OVERVIEW
9.5.2 FINANCIAL PERFORMANCE
9.5.3 PRODUCT OUTLOOK
9.5.4 KEY DEVELOPMENTS
9.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.6 AMARA COSMETICS
9.6.1 OVERVIEW
9.6.2 FINANCIAL PERFORMANCE
9.6.3 PRODUCT OUTLOOK
9.6.4 KEY DEVELOPMENTS
9.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.7 SAMPURE MINERALS
9.7.1 OVERVIEW
9.7.2 FINANCIAL PERFORMANCE
9.7.3 PRODUCT OUTLOOK
9.7.4 KEY DEVELOPMENTS
9.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.8 BRATACO GROUP OF COMPANIES
9.8.1 OVERVIEW
9.8.2 FINANCIAL PERFORMANCE
9.8.3 PRODUCT OUTLOOK
9.8.4 KEY DEVELOPMENTS
9.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.9 PHB ETHICAL BEAUTY
9.9.1 OVERVIEW
9.9.2 FINANCIAL PERFORMANCE
9.9.3 PRODUCT OUTLOOK
9.9.4 KEY DEVELOPMENTS
9.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.10 IBA HALAL CARE
9.10.1 OVERVIEW
9.10.2 FINANCIAL PERFORMANCE
9.10.3 PRODUCT OUTLOOK
9.10.4 KEY DEVELOPMENTS
9.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.11 MENA COSMETICS
9.11.1 OVERVIEW
9.11.2 FINANCIAL PERFORMANCE
9.11.3 PRODUCT OUTLOOK
9.11.4 KEY DEVELOPMENTS
9.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.12 WARDAH COSMETICS
9.12.1 OVERVIEW
9.12.2 FINANCIAL PERFORMANCE
9.12.3 PRODUCT OUTLOOK
9.12.4 KEY DEVELOPMENTS
9.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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