Halal Cosmetics Market Share, Trends, Revenue, Price, Growth Drivers, Challenges, CAGR Status and Future Investment Strategies Till 2033


Halal Cosmetics Market Share, Trends, Revenue, Price, Growth Drivers, Challenges, CAGR Status and Future Investment Strategies Till 2033: SPER Market Research

 Category : Consumer & Retail

 Published: Aug-2023
 Author: SPER Analyst

Global Halal Cosmetics Market is projected to be worth USD 140.92 billion by 2033 and is anticipated to surge at a CAGR of 12.99%.

Halal cosmetics are beauty and personal care products produced in compliance with Islamic dietary and ethical guidelines. They must not contain ingredients derived from non-halal animals, such as pork or alcohol, while ingredients sourced from halal animals are permissible. The manufacturing process should adhere to halal guidelines, avoiding contact with non-halal substances. Additionally, halal cosmetics are expected to be cruelty-free, not tested on animals. These products cater to Muslim consumers and those seeking ethical and sustainable options, leading to a growing market with increasing global awareness. Many brands now offer halal-certified cosmetics to meet the rising demand for such products.

Global Halal Cosmetics Market Driving Factors and Challenges
The global halal cosmetics market is experiencing growth driven by various factors. Firstly, the increasing Muslim population has led to higher demand for halal-certified products that comply with Islamic guidelines. Secondly, rising awareness and ethical values among consumers, both Muslims and non-Muslims, have fuelled the adoption of halal cosmetics beyond Muslim-majority regions. Additionally, the preference for ethical and sustainable products has attracted a broader consumer base, as halal cosmetics are perceived as environmentally friendly and cruelty-free. Government support and initiatives in countries with significant Muslim populations further promote the market. Moreover, globalization and e-commerce have made halal cosmetics accessible worldwide, boosting demand. Lastly, increased research and development efforts have resulted in a wider range of innovative halal cosmetics available in the market.

The global Halal cosmetics market faces several challenges, including the lack of uniform Halal standards, leading to confusion among consumers and hindering international trade. Limited awareness and education about Halal cosmetics outside Muslim-majority countries make it challenging to promote these products and their adherence to Islamic principles. Cosmetics manufacturers struggle to secure a consistent supply of Halal-certified ingredients, requiring meticulous monitoring of the entire supply chain. Competing against conventional cosmetics dominant in the market poses difficulties in convincing non-Muslim consumers to choose Halal products based on ethical or safety reasons. Obtaining costly Halal certification is particularly challenging for smaller companies, impacting product pricing and profitability. Additionally, catering to diverse cultural preferences while maintaining Halal integrity adds complexity to the development and distribution of Halal cosmetics.

Impact of COVID-19 on Global Halal Cosmetics Market 
The worldwide halal cosmetics sector was impacted in a number of ways by the COVID-19 outbreak. Due to concerns, several businesses postponed the rollout of new products and marketing initiatives, potentially delaying market expansion. Greater firms acquired or merged with smaller businesses as a result of the financial difficulties smaller or less robust halal cosmetic brands had. The epidemic sharpened consumers' attention to cleanliness and safety, which boosted demand for halal-certified goods. The certification procedures for halal products were altered in some locations as a result of regulatory changes and difficulties, which could have had an impact on producers and importers and altered market dynamics.

Halal Cosmetics Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Amara Halal Cosmetics, Brataco Group of Companies, Clara International Beauty Group, Elaheh Halal Cosmetics Inc, Flora & Noor, IBA Halal Care, INIKA Organic, Ivy Beauty Corporation Sdn Bhd, Kao Corporation, Martha Tilaar Group, Mena Cosmetics, PHB Ethical Beauty, Sampure Minerals, Talent Cosmetics, The dUCk Group, Wardah Cosmetics, Others.

Global Halal Cosmetics Market Segmentation:

By Product Type: Based on the Product Type, Global Halal Cosmetics Market is segmented as; Personal Care Products, Colour Cosmetics, Fragrances.

By Application: Based on the Application, Global Halal Cosmetics Market is segmented as; Beauty Care, Face Care, Hair Care, Skin Care.

By End-User: Based on the End-User, Global Halal Cosmetics Market is segmented as; Men, Women, Unisex.

By Distribution Channel: Based on the End-User, Global Halal Cosmetics Market is segmented as; Hypermarkets/Supermarkets, Convenience Stores, Specialty Stores, Multi-brand Stores, Online Retailing, Other Sales Channel.

By Region: This research also includes data for Asia-Pacific, Europe, Middle East and Africa, North America, Latin America.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

Join Our SPER Panel

Our Global Clients

Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
SPER-Astellas Pharma
SPER-Citi Bank
SPER-Johnson & Johnson


Market Research

We are the leading, full-service global market research and consulting company.

iso-1 iso-1 iso-1 ESOMAR
Secure Payments
SPER Payment Options
Contact HR

 [email protected]