Halal Cosmetic Market

Halal cosmetics does not include ingredients derived from animals, genetically modified organisms (GMOs), that are affirmed as unclean as per Islamic law. These cosmetic products do not contain alcohol, which has an adverse impact on the skin. These personal care/ beauty products are Vegan and Cruelty-free at the same time. The market for halal cosmetics covers a vast range of product types such as skin care, hair care, makeup, and other types of cosmetics products.

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The major factor driving the growth of the global halal cosmetic market includes the increasing considerable Islamic population base who are willing to pay premium prices for Halal-certified beauty products. Moreover, the increasing awareness related to the usage of cosmetic products is another factor that is surging the growth of the market in the coming years. Muslim population constitutes the largest part of the global population, hence the cosmetic market is emphasizing on developing halal-certified products. In addition to this, the rapid urbanization and rising standards of living are certain other factors that are energizing the demand of the market. Apart from the domestic market, India is also a hub of exports for halal products, particularly from Bangladesh, Saudi Arabia, Malaysia, and the UAE.

The increasing incidences of health-related diseases such as genital abnormalities and breast cancer, as a result of the cosmetics, have given rise to several concerns related to the ingredients. The majority of Muslim populated countries such as Arab countries and Pakistan are developing as price-sensitive economies. Thus, the leading players are focusing on introducing small packaging products at a lower price range to avoid a one-time investment. Furthermore, the growing desire of young Muslim population to associate their interest in fashion & makeup with Islamic loyalties is another factor that will have a positive impact on the growing demand of the market. On the other hand, the high cost of these cosmetics and the lack of standard guidelines for halal certifications are the two factors that will hamper the growth of the market in the coming years.

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Based on the product, the skincare segment is anticipated to dominate the market in the next six years. The increasing awareness related to the numerous remarkable advantages offered by the skincare products is a major factor that is responsible for the growth of the segment. Most of the cosmetic product contains ingredients that cause skin irritation and may have long-term side effects on health. This factor is encouraging individuals to opt for halal skincare products in order to avoid health and skin-related diseases. The growing disposable income, along with the adoption of modern lifestyle, is further boosting the growth of the segment in the market.

Based on the Distribution Channel, the online sales segment is projected to grow at a higher CAGR over the forecast period. The online stores are a leading platform to provide a unified shopping experience based on virtual display information. Moreover, online stores provide attractive discount offers and promotional sales of a broader range of all the popular brands, which is one of the major factors that is increasing the growth of the segment.

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Based on the region, Asia-Pacific region is expected to lead the market in the next six years. This is mainly due to the increasing spending on personal care products, along with the growing awareness related to the hazards of transdermal cosmetics and the strong demand for eco-friendly cosmetics, especially in Asian countries. Furthermore, the various cosmetic companies present in the Asia-pacific region are trying to consolidate their position in order to provide a wide range of products. On the other hand, the Europe region is projected to grow at a higher CAGR during the forecast period. The unique packaging style developed by Dutch entrepreneurs is a significant factor that is increasing the demand for halal cosmetics. The market is experiencing strong demand, especially in western countries such as U.S. and European Union countries due to the growing Muslim population and the rising requirement for safe and naturally manufactured beauty products.

Various notable players operating in the market include MMA Bio Lab Sdn Bhd, IVY Beauty Corporation, Talent Cosmetics, The Halal Cosmetics Company, PHB Ethical Beauty Ltd., Sampure Minerals, Amara Halal Cosmetics, INIKA Organic, Martha Tillar Group, and Clara International Beauty Group, among others.

The global Halal Cosmetic Market has been segmented on the basis of Product, Distribution Channel, and key regions. Based on Product, the market is segmented into Skin care, Hair care, Makeup and Other cosmetic products. Based on Distribution Channel, the market is segmented into Retail Sales and Online Sales. 

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Key questions answered in this research report:

• • At what pace is global Halal Cosmetic Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Halal Cosmetic Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Halal Cosmetic Market?
  • Which product generated maximum revenues in 2019 and identify the most promising products during the forecast period?
  • What are the various distribution channels of global Halal Cosmetic Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Halal Cosmetic Market by Product

• • Skin care
  • Hair care
  • Makeup
  • Other cosmetic products

Global Halal Cosmetic Market by Distribution Channel

• • Retail Sales
    • Supermarkets/hypermarkets
    • General departmental stores
    • Drug stores
    • Brand outlets
  • Online sales

Global Halal Cosmetic Market by Region

• • North America Halal Cosmetic Market (Option 1: As a part of the free 25% customization)
    • North America Market by Product
    • North America Market by Distribution Channel
    • North America Market by Pest Control Products
    • North America Market by End-Users
    • US Market All-Up
    • Canada Market All-Up
  • Europe Halal Cosmetic Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Product
    • Europe Market by Distribution Channel
    • Europe Market by Pest Control Products
    • Europe Market by End-Users
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Halal Cosmetic Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Product
    • Asia-Pacific Market by Distribution Channel
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Halal Cosmetic Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Product
    • RoW Market by Distribution Channel
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Pest Control Services Leading Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • MMA Bio Lab Sdn Bhd
  • IVY Beauty Corporation
  • Talent Cosmetics
  • The Halal Cosmetics Company
  • PHB Ethical Beauty Ltd.
  • Sampure Minerals
  • Amara Halal Cosmetics
  • INIKA Organic
  • Martha Tillar Group
  • Clara International Beauty Group