Halal Cosmetics Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence

As per the study initiated by Evolve Business Intelligence, the global Halal Cosmetics Market size accounted for USD 26.1 Billion in 2022, growing at a CAGR of 9.30% from 2023 to 2033. The Halal cosmetics market refers to the segment of the cosmetics industry that produces products adhering to Islamic principles and guidelines. In Islam, Halal (meaning "permissible" or "lawful" in Arabic) signifies products that are produced, manufactured, and formulated in accordance with Islamic Shariah law. Halal cosmetics encompass a wide range of personal care and beauty products, including but not limited to skincare, haircare, makeup, fragrances, and hygiene products. The formulation of these products must comply with specific criteria, such as the absence of ingredients derived from animals that are not slaughtered in accordance with Islamic practices, prohibition of alcohol, and adherence to ethical and cruelty-free practices.

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The Halal Cosmetics Market is primarily driven by the increasing Awareness of Halal Certification. Consumers are becoming increasingly aware of halal certification and its importance in ensuring that products comply with Islamic law. This awareness is driven by factors such as the growing availability of halal-certified products, the increasing use of social media to promote halal products, and the efforts of halal certification bodies to educate consumers.

Key Players
Some of the major Halal Cosmetics Market players holding high market shares include Inika, Amara Cosmetics, Clara International, Iba Halal Care and Sampure Minerals. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Halal Cosmetics Company, Talent Cosmetics Ltd, One Pure and Ivy Beauty Corporation Sdn Bhd.

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Segmental Analysis
Based on Product Type, the Halal Cosmetics Market is segmented into skin care, hair care and color cosmetics. The skin care segment led the halal cosmetics market in revenue because people rely heavily on skincare products to maintain youthful, radiant skin. The growing consumer understanding and acceptance of halal standards have boosted the need for halal-approved skincare products.
Based on Sales Channel, the Halal Cosmetics Market is segmented into store-based and non-store-based. The store-based category making up the largest share of the market because store-based sales are increasing despite a shift in consumer demand for a more individualized shopping experience and the increased adoption of offline retail channels such as boutiques, brand outlets, specialty stores, and multi-brand stores.

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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