We are monitoring the impact of COVID-19 on Halal Cosmetics Products Market Get in touch with us for detailed analysis Know More
Pulished Date April, 2021
ID: 9225
Share on
Share on

Halal Cosmetics Products Market Analysis by Product Type (Skin Care, Hair Care, Makeup), By Region (North America, Europe, Asia Pacific, MEA, Central & South America), And Segment Forecasts, 2021-2026

Pulished: April, 2021
ID: 9225
Pages: 145

Halal Cosmetics Products Market Overview Analysis:

The global Halal Cosmetics Products Market was worth USD xx million in 2021, and it is estimated to reach a valuation of USD xx million by the end of 2026, expanding at a robust CAGR.

Halal cosmetics are personal care products that do not contain ingredients prohibited by Islamic law. This cosmetic product does not include alcoholic components, as well as substances derived from animals such as animal blood and pork products during the manufacturing process. Halal cosmetics include hair shampoos, conditioners, bath and shower gels, cleansers, creams, lotions, baby powder, tonics, makeup, perfumes, eau de cologne and oral care products. Since Islamic law only allows the use of halal cosmetics, this religious sector has the most extensive consumer base of halal cosmetics in the world.

Recent Developments:

  1. L'Oreal has numerous Halal-certified products, and experts have examined its manufacturing facilities that supply Indonesia with Indonesia's cosmetics market, which consists of some 200 million Muslims.
  2. In July 2016, Cosmax Inc., a Korean manufacturer of development and design of cosmetic materials, produced 50 certified halal products at its plant in Jakarta, Indonesia. The company became the first Korean manufacturer to receive Halal certification from Majlis Ulama Indonesia (MUI).
  3. Based in Malaysia, DagangHalal started a business from this complexity by creating an online halal certificate database to facilitate exchanges and accelerate applicants' processes.

Market Growth:

In some of the world's most famous Islamic countries, the growing population and disposable income in the Muslim community is expected to be the main drivers of the global halal cosmetic products market.

Drivers:

Halal Cosmetics Products are increasing as consumers' awareness of the use of ingredients in personal care products increases. The government has confirmed that the Malaysian Ministry of Islamic Religion certifies halal cosmetics without using animal fats, jelly or other chemicals. Halal cosmetics are known to be safe for Muslim and non-Muslim consumers in terms of process knowledge, product characteristics and ingredients used. Health risks, such as cancer and other distortions associated with cosmetics containing nanoparticle components, have led to a change in consumer preference for halal cosmetic products. The global halal cosmetics market has been classified into several types of products like skin care products, hair care products, makeup products, etc. 

The growing demand for halal cosmetics is biased due to the halal logo. Halal cosmetics manufacturers participate in continuous research and development to develop new products and conduct periodic surveys to capture customer interest in halal cosmetics. The growing Muslim population and the preference for the consumption of beauty products are considered the main drivers of the global halal cosmetic products market.

Restraints:

However, lack of knowledge about halal cosmetics among consumers has reduced the adoption rate, which has delayed the market for halal cosmetics. The monopoly of non-Muslim companies and strict government rules and regulations limit the global market for halal cosmetic products in several parts of the world.

 Halal Cosmetics Products Market Segmentation:

The hair care product segment is expected to multiply in terms of revenue compared to other types of products. The skincare and makeup products sector are supposed to lead the market during the forecast period. The skin care sector is foreseen to grow as awareness of the benefits of using those products increases. Most cosmetics contain ingredients that cause skin irritation and can have long-term effects on your health. As a result, halal cosmetics have proven to be an alternative and effective solution for consumers. It is estimated that the increase in disposable income, together with the adoption of a modern lifestyle, is an essential factor in the development of this sector. 

There are also vegan varieties that expand market opportunities for non-Muslim populations. For example, the Indian company Eco-Trail and the PHB Ethical Beauty, based in the United Kingdom, offer not only halal certification but also products free from cruelty and damage. Following this trend, global brands such as The Body Shop and Forest Essentials are supporting market expansion.

Regional Analysis:

The Halal cosmetics market in the Asia Pacific is estimated to reach US$ 2.9 billion by the end of 2023, with a compound annual growth rate of 9.4% during the forecast period, and the Asia-Pacific market is growing in the needs of regional personal beauty and the demand for vegan cosmetics. The European halal cosmetics market is predicted to grow at a rapid pace due to the dominance of well-established cosmetics manufacturers in regions such as Saint Laurent and L'Oreal. 

In 2009, the European Commission banned animal testing of cosmetic ingredients and other products. This forced cosmetic manufacturers to increase the integration of components of plant origin. This is presumed to increase the demand for halal cosmetics in the region. 

The Middle East is expected to have the most extensive consumer base due to the dominance of Islamic culture. If there is no halal certification body in the area, the supply of halal cosmetics in the area is anticipated to be facilitated.

Leading Company:

Since halal products are broadly classified in different sectors, all sectors of the halal products market are dominated by various market players. Nestlé S.A leads the food and beverage sector of halal products. In the chemical and materials sector, Reckitt Benckiser Group plc is a critical control company.

Key Players:

  1. Ivy Beauty Corporation Sdn Bhd
  2. Darling MMA Bio Lab Sdn Bhd
  3. Talent Cosmetic Co., Limited
  4. PHB Ethical Beauty
  5. Halal Cosmetics Company
  6. Sampure Minerals Inika
  7. Amara Cosmetics Inc
  8. Maratha Tilaar Group
  9. Saaf Yes Skin care
  10. Clara International
  11. Prolab Cosmetics
  12. NUTRALab
  13. IBA Halal Care
  14. Nizona Corporation
  15. Zelcos
  16. Croda

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

    1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

    4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

   6.1 Halal Cosmetic Products Market, By Product Type                    

                                6.1.1 Skin Care  

                                6.1.2 Hair Care  

                                6.1.3 Makeup   

    6.1.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.5 Y-o-Y Growth Rate Analysis             

                                6.1.6 Market Attractiveness Index          

7. Geographical Landscape                                         

  7.1 Global Identity Governance and Administration Market, by Region 

      7.2 North America - Market Analysis (2018 - 2024)     

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Product Type   

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Product Type   

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Product Type   

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Product Type   

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Product Type   

8. Key Player Analysis                                    

                8.1 Ivy Beauty Corporation Sdn Bhd                        

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Darling MMA Bio Lab Sdn Bhd                            

                8.3 Talent Cosmetic Co., Limited                               

                8.4 PHB Ethical Beauty                  

                8.5 Halal Cosmetics Company                    

                8.6 Sampure Minerals Inika                        

                8.7 Amara Cosmetics Inc                              

                8.8 Maratha Tilaar Group                             

                8.9 Saaf Yes Skin care                    

                8.10 Clara International                

                8.11 Prolab Cosmetics                   

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of By Product Type and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Halal Cosmetic Products Market By Region, From 2021-2026 ( USD Billion )
  2. Global Halal Cosmetic Products Market By Product Type, From 2021-2026 ( USD Billion )
  3. Global Skin Care Market By Region, From 2021-2026 ( USD Billion )
  4. Global Hair Care Market By Region, From 2021-2026 ( USD Billion )
  5. Global Makeup Market By Region, From 2021-2026 ( USD Billion )
  6. Global Halal Cosmetic Products Market By Application, From 2021-2026 ( USD Billion )

Please wait. . . . Your request is being processed

LICENCE TYPE

$ 1234 4255

Clients
clients
clients
clients
clients
clients
clients
Click for Request Sample