Global Halal Cosmetics Market: The rise of the Muslim population across the country is expected to augment the market at a healthy CAGR of ~ 9.20% during the forecast period of 2022 to 2030.

Halal Cosmetics Market Research Future Insights

According to MRFR analysis, the global Halal Cosmetics Market is expected to register a CAGR of ~ 9.20% from 2022 to 2030 and hold a value of over USD 52.67 billion by 2030.

Halal cosmetics are manufactured by consuming ingredients, which are allowable according to Islamic Sharia law. These products are free from any parts or materials resulting from a human body. Other than this, such cosmetic products do not comprise ingredients obtained from animals, which are forbidden by Islamic law, or from the ones slaughtered in a non-halal way. These products are also free from hereditarily modified organisms (GMOs) as they are considered unclean. Each of these products must be specialized by manufacturers to guarantee that it does not contain any components which are not in compliance with Islamic law.

The pandemic has harshly impacted the global economy and disrupted the supply chain. It has predisposed consumer spending behavior and purchasing decision, which has obligated the manufacturers in the industry to reshape their business models. Makeup and fragrance products are witnessing a substantial decay in the demand, whereas hygiene and skin care products are witnessing an upsurge in the demand. The increasing demand for sanitizing products is providing lucrative growth opportunities to the players in the cosmetic market to enlarge their business portfolios, further driving the market growth.

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Regional Analysis

 The North American market is considered the dominating region of the Halal cosmetics market owing to the wide preference for halal cosmetics among young women.  

Asia Pacific region is expected to lead the global halal cosmetics market. The expanding Muslim population in Southeast Asian countries along with the augmented presence of halal-certified enterprises in the region, affect the halal cosmetics market trends. And The increasing awareness about animal welfare and growth in the Muslim population is driving the expansion of the halal cosmetics market.

Market Segmentation

The Global Halal Cosmetics Market has been segmented into Product type and Distribution channel

Based on Product Type, the Global Halal cosmetics market has been segmented into haircare, skincare, color cosmetics, multifunctional, and others. The skincare segment is the highest share-holding segment of the Halal cosmetics market Share. The fastest-growing segment of the market is color cosmetics owing to their widespread use among young women worldwide.

Based on Distributional Channel, the Global Halal cosmetics market has been segmented into store-based and non-stored-based. The store-based segment is more segmented into supermarkets & hypermarkets, convenience stores, and others. The store-based segment holds the highest share during the forecast period, and the non-store-based segment is considered the fastest-growing segment owing to its significant growth. 

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Key Players

Some of the key market players are PHB Ethical Beauty, MMA Bio Lab Sdn Bhd., Inika, Amara Cosmetics, Clara International, Iba Halal Care, Sampure Minerals, Wipro Unza, Wardah Cosmetics, Halal Cosmetics Company, Talent Cosmetics Ltd, One Pure, Ivy Beauty Corporation Sdn Bhd, Brataco Group of Companies, Mena Cosmetics

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