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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, 2022 to 2027

Published: January, 2022
ID: 9225
Pages: 145
Formats: report pdf report excel report power bi report ppt

Halal Cosmetics Products Market Size and Growth 2022-2027:

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. 15.3%

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.

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.

Halal Cosmetics 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 skincare 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.

Halal Cosmetics Products Market  Restraints:

However, a 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 REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022– 2027

Base Year

2021

Forecast Period

2022- 2027

CAGR

15.3%

Segments Covered

By Product Type, By Brand 

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Ivy Beauty Corporation Sdn Bhd, Darling MMA Bio Lab Sdn Bhd, Talent Cosmetic Co., Limited, PHB Ethical Beauty, Halal Cosmetics Company, Sampure Minerals Inika, Amara Cosmetics Inc, Maratha Tilaar Group, Saaf Yes Skincare, Clara International, Prolab Cosmetics, NUTRALab, IBA Halal Care, Nizona Corporation, Zelcos, Croda.

 

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 skincare 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:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

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 need for 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.

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.

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 Skincare
  10. Clara International
  11. Prolab Cosmetics
  12. NUTRALab
  13. IBA Halal Care
  14. Nizona Corporation
  15. Zelcos
  16. Croda

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