Halal Cosmetics Market Size is projected to reach USD 83.76

New York, United States, Oct. 18, 2022 (GLOBE NEWSWIRE) -- Cosmetics that are halal adhere to religious traditions, uphold sharia law, and don't contain anything from pigs to alcohol to reptiles to insects, among other things. The increased demand for halal products from the expanding Islamic population is the main factor driving the market for halal cosmetics. The market for halal cosmetics has recently gained prominence as a result of the growing Muslim population and increased concerns about the safety of skincare products.

The halal cosmetics sector is still in its infancy, and major international companies are pursuing ambitious product development and introduction plans for halal-certified goods. The halal label is seen as a sign of confidence for product safety and quality, thereby fueling industry expansion.

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Impact of COVID-19

The pandemic has severely impacted the global economy and disrupted the supply chain. It has influenced consumer spending behavior and purchasing decision, which has compelled the manufactures in the industry to reshape their business models. The makeup and fragrance products are witnessing a significant decline in the demand, whereas the hygiene and skincare products are witnessing an increase in the demand. T rising demand for sanitizing products is providing lucrative growth opportunities to the players in the cosmetic market to expand their business portfolio, further driving the market growth.

Report Scope

Report Metric	Details
Market Size	USD 83.76 Billion by 2030
CAGR	12% (2022-2030)
Historical Data	2019-2020
Base Year	2021
Forecast Period	2022-2030
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	by Product (Skincare, Hair Care, Hygiene Products, Makeup, Fragrance), Distribution Channel (B2B, B2C)
Geographies Covered	North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors	Amara Halal Cosmetics, INIKA Organic, Ivy Beauty Corporation, Clara International Beauty group, Iba cosmetics, Martha Tilaar Group, Talent Cosmetics Co. Ltd., Prolab Cosmetics, Saaf Pure Organic Skincare, Nizona Corporation, Sampure Minerals, OnePure International Group Ltd., 3INA Cosmetics
Key Market Opportunities	Shifting consumer preference toward greener products
Key Market Drivers	Rising Collaboration Activities by Prominent Players to Drive the Market Growth

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Regional Analysis

Asia-Pacific is projected to dominate the halal cosmetic market during the forecast period. The region is home to about 62.1% of the world’s Muslim population. Increasing purchasing power and changing lifestyles is driving the demand for better personal care and hygiene products, further accelerating the market growth. Malaysia, Indonesia, India, Pakistan, and China are at the forefront of the halal cosmetics market in Asia-Pacific.

Key Highlights

The global halal cosmetics market size is projected to reach USD 83.76 billion by 2030 at a CAGR of 12% from 2022 to 2030.
The halal cosmetics market is divided into skincare, haircare, hygiene, makeup, and fragrance categories depending on the product.
In 2019, the halal cosmetics market saw substantial growth in the hair care category. Global demand for hair care products is rising as a result of rising hair problems such hair loss, split ends, dandruff, and itchy scalp.
Asia-Pacific dominated the halal cosmetics market in 2019 and is expected to continue to do so throughout the forecast period.

Halal Cosmetics Market: Key Players

Amara Halal Cosmetics
INIKA Organic
Ivy Beauty Corporation
Clara International Beauty group
Iba cosmetics
Martha Tilaar Group
Talent Cosmetics Co. Ltd.
Prolab Cosmetics
Saaf Pure Organic Skincare
Nizona Corporation
Sampure Minerals
OnePure International Group Ltd.
3INA Cosmetics

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Halal Cosmetics Market: Segmentation

By Product

Skincare
Hair care
Hygiene products
Makeup
Fragrance

By Distribution Channel

B2B
B2C
- Store-based retail
  - Hypermarkets & supermarkets
  - Convenience store
  - Specialty stores
- Online retail

Halal Cosmetics Market: Regions Covered

North America
Europe
Asia-Pacific
Central and South America and the Caribbean
The Middle East
Africa

TABLE OF CONTENT

1 Introduction

1.1 Market Definition

1.2 Market Scope

2 Research Methodology

2.1 Primary Research

2.2 Research Methodology

2.3 Assumptions & Exclusions

2.4 Secondary Data Sources

3 Executive Summary

4 Market Overview

4.1 Report Segmentation & Scope

4.2 Value Chain Analysis: Halal Cosmetics Market

4.2.1 Vendor Matrix

4.3 Key Market Trends

4.3.1 Drivers

4.3.2 Restraints

4.3.3 Opportunities

4.4 Porter’s Five Forces Analysis

4.4.1 Bargaining Power of Suppliers

4.4.2 Bargaining Power of Buyers

4.4.3 Threat of Substitution

4.4.4 Threat of New Entrants

4.4.5 Competitive Rivalry

4.5 Environmental & Regulatory Landscape

4.6 Forecast Factors & Relevance of Impact

4.7 Macro-Economic & Geopolitical Scenario

4.8 Parent Market Overview

4.9 Technology Landscape

4.10 Market Share Analysis

4.11 Potential Venture Analysis

4.12 Regional Price Trends

4.13 Raw Material Trends

4.14 Cost Structure Analysis

4.14.1 Labor Cost

4.14.2 Consumables

4.14.3 Maintenance Cost

4.15 Covid-19 Impact Analysis

4.15.1 Pre and Post Covid-19 Market Scenario Analysis

4.15.2 Market Recovery Timeline and Challenge

4.16 Halal Cosmetics Standards

5 Product Overview

5.1 Introduction

5.1.1 Market Size & Forecast (Value)

5.2 Skin Care

5.2.1 Market Size & Forecast (Value)

5.3 Hair Care

5.3.1 Market Size & Forecast (Value)

5.4 Hygiene Products

5.4.1 Market Size & Forecast (Value)

5.5 Makeup

5.5.1 Market Size & Forecast (Value)

5.6 Fragrance

5.6.1 Market Size & Forecast (Value)

6 Distribution Channel Overview

6.1 Introduction

6.1.1 Market Size & Forecast (Value)

6.2 B2B

6.2.1 Market Size & Forecast (Value)

6.3 B2C

6.3.1 Market Size & Forecast (Value)

6.3.2 Store Based Retail

6.3.2.1 Market Size & Forecast (Value)

6.3.2.2 Hypermarkets & Supermarkets

6.3.2.2.1 Market Size & Forecast (Value)

6.3.2.3 Convenience Store

6.3.2.3.1 Market Size & Forecast (Value)

6.3.2.4 Specialty Store

6.3.2.4.1 Market Size & Forecast (Value)

6.3.3 Online Retail

6.3.3.1 Market Size & Forecast (Value)

7 Regional Overview

7.1 Introduction

7.1.1 Market Size & Forecast (Value)

7.2 North America

7.2.1 Economic Overview

7.2.2 Market Scenario

7.2.3 The U.S.

7.2.3.1 By Product

7.2.3.2 By Distribution Channel

7.2.4 Canada

7.2.4.1 By Product

7.2.4.2 By Distribution Channel

7.2.5 Mexico

7.2.5.1 By Product

7.2.5.2 By Distribution Channel

7.3 Central and South America and the Caribbean

7.3.1 Economic Overview

7.3.2 Market Scenario

7.3.3 Brazil

7.3.3.1 By Product

7.3.3.2 By Distribution Channel

7.3.4 Argentina

7.3.4.1 By Product

7.3.4.2 By Distribution Channel

7.3.5 Colombia

7.3.5.1 By Product

7.3.5.2 By Distribution Channel

7.3.6 Rest of Central and South America and the Caribbean

7.3.6.1 By Product

7.3.6.2 By Distribution Channel

7.4 Europe

7.4.1 Economic Overview

7.4.2 Market Scenario

7.4.3 Germany

7.4.3.1 By Product

7.4.3.2 By Distribution Channel

7.4.4 France

7.4.4.1 By Product

7.4.4.2 By Distribution Channel

7.4.5 The U.K.

7.4.5.1 By Product

7.4.5.2 By Distribution Channel

7.4.6 Italy

7.4.6.1 By Product

7.4.6.2 By Distribution Channel

7.4.7 The Rest of Europe

7.4.7.1 By Product

7.4.7.2 By Distribution Channel

7.5 Asia-Pacific (APAC)

7.5.1 Economic Overview

7.5.2 Market Scenario

7.5.3 China

7.5.3.1 By Product

7.5.3.2 By Distribution Channel

7.5.4 Japan

7.5.4.1 By Product

7.5.4.2 By Distribution Channel

7.5.5 India

7.5.5.1 By Product

7.5.5.2 By Distribution Channel

7.5.6 Australia

7.5.6.1 By Product

7.5.6.2 By Distribution Channel

7.5.7 South Korea

7.5.7.1 By Product