According to the latest report by IMARC Group, titled “Halal Cosmetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global halal cosmetics market reached a value of US$
30.3 Billion in 2022. Halal cosmetics refer to beauty and personal care products manufactured in compliance with the Islamic Shariah law. These products are processed, stored and produced by using utensils, equipment, and machinery that have been adequately cleaned. To gain halal certification, manufacturers have to ensure that the offered skin care and hair care products do not contain human-based parts or materials. Other than this, these cosmetics are not tested on animals and have to be free from ingredients that are harmful for human consumption such as mercury, lead and hydroquinone. Although they have remained as a niche product category for years, these cosmetics have now gained immense popularity worldwide owing to the assurance of high-quality and cruelty-free products.
Halal Cosmetics Market Trends:
Over the last few years, halal cosmetics have witnessed an escalation in their demand on account of improved socioeconomic conditions and increasing awareness among Muslim consumers, particularly the younger generations. Apart from this, these beauty products are also gaining popularity amongst non-Muslim consumers on account of increasing demand for sustainable and ethical beauty products. Moreover, the urban male consumers now account for a significant share of the personal care products market as they have become more conscious about their appearance. This trend has prompted the manufacturers to introduce high-quality male grooming products. Apart from this, manufacturers in the halal beauty products market are adopting innovative marketing strategies to expand their consumer base. Looking forward, the market is expected to reach a value of US$ 53.2 Billion by 2028, exhibiting a CAGR of 9.4% during 2023-2028.
- On the basis of product type, the market is segmented into personal care products and color cosmetics. Currently, the market is dominated by personal care products which include a wide variety of skin care, hair care, fragrance categories and others. On the other hand, color cosmetics are further segmented as products for face, eyes, lips and nails.
- Based on distribution channel, the market is categorized into offline and online stores. At present, offline retail platforms represent the most popular distribution channel.
- On a geographical front, Asia Pacific is the largest market, holding the majority of the total share. This can be attributed to the large Muslim population in countries like Malaysia, Indonesia, Singapore and India.
- The competitive landscape of the market has also been examined with some of the key players being Clara International Beauty Group, Halal Beauty Cosmetics, INGLOT Cosmetics, INIKA Organic, IVY Beauty Corporation Sdn Bhd, Martha Tilaar Group, PHB Ethical Beauty Ltd, and Sampure Minerals.
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