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Halal Cosmetics Market Size, Share, Growth & Key Players ⅼ Forecast (2024 - 2032) ⅼ Renub Research

04-08-2024 10:38 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Renub Resaecrh

Halal Cosmetics Market Size, Share, Growth & Key Players ⅼ

Halal Cosmetics Market is projected to be valued at US$ 94.20 Billion by 2032. This is an increase from US$ 40.17 Billion in 2023, as reported by Renub Research. It is expected to grow at a CAGR of 12.95% between 2024 and 2032.
Halal cosmetics are beauty products that adhere to Islamic standards. This means they do not contain ingredients derived from unclean animals, like pigs or reptiles. They also keep away from alcohol and anything else deemed impure. Halal certification ensures that the substances and production methods meet those guidelines. This caters to Muslim customers who need to ensure their beauty products align with their religion-based values. Halal cosmetics regularly prioritize natural substances that have passed religious considerations. They also emphasize cruelty-free practices that cater to a broader audience. This wider audience seeks safe and moral beauty products.

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The worldwide Muslim population is swiftly growing, fuelling the demand for halal cosmetics globally. The Global Muslim Population website reported that there are over 2 billion Muslims globally, representing more than 25% of the world's population. Islam stands as the second-largest religion. As Islam keeps expanding, so does the preference for merchandise aligned with Islamic concepts. Halal-certified beauty products free from impure or unethical elements in Islam are increasingly admired. This demographic shift underscores the importance of catering to Muslim purchasers' desires and options, propelling the boom of the halal cosmetics enterprise on an international scale.

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Halal cosmetics increasingly prioritize natural and chemical-free components and resonate with clients favoring clean beauty trends. This shift reflects a broader demand for more secure, eco-friendly alternatives. The market has accelerated to offer progressive, high-quality merchandise addressing numerous beauty needs. For instance, Ilia Multi-Sticks are versatile blush and lip tints, offering a creamy structure enriched with avocado oil and shea butter. This evolution underscores the industry's adaptability to consumer possibilities and strengthens the position of halal cosmetics in the international beauty market.

The halal cosmetics market in Europe has the potential for global growth.

Europe halal cosmetics market might grow due to Islam's rapid expansion. The Pew Research Center estimates that the European Muslim population, aside from Turkey, burgeoned from approximately 30 million in 1990 to 44 million in 2010, surpassing 50.3 million by 2023. This demographic shift has propelled demand for halal-licensed beauty products buoyed by heightened consumer consciousness of halal concepts. The various demographics of Europe that cater to a broad spectrum of customers interested in halal cosmetics also drive the market's expansion. The availability of several halal-certified manufacturers like Cosmecology by Farecla, Lamel Professional, and Saaf Cosmetics underscores the increasing recognition and integration of halal cosmetics into the European beauty market.

Halal Cosmetics Market Company News.
Key players in the halal cosmetics industry comprise Estee Lauder, L'Oréal, S&J International Enterprises, Kao Corporation, Clara International Beauty Group, INIKA, AMARA COSMETICS, WARDAH COSMETICS, SAMPURE MINERALS, and HALAL COSMETICS COMPANY.

• In January 2024- KUNDAL, a top Korean personal care brand, launched the 'REFRESHING ANTI-DANDRUFF Hair Care Line,' renowned for its honey and macadamia ingredients. Available at Guardian, it is among the few K-Beauty HALAL hairlines. Certified by MUI Halal and vegan authorities, the range debuts in Malaysia and Indonesia, catering to the growing demand in the Southeast Asian Muslim market.

• In October 2023- Mixer & Pack was reportedly the first Spanish perfumery company to achieve Halal certification. This certification enhances the company's current offerings, adding significant value to its products and offering new business opportunities by meeting customers' specific needs, particularly in the Arab market.

• In April 2023, Indian beauty brand Saba Personal Care aims to expand its consumer base by offering halal and vegan products to attract not only Muslim consumers but also those seeking ethical and cruelty-free options. This strategic move positions the brand ahead of multinational corporations, which have yet to capitalize on these niche categories fully.

• In April 2023- Trove & Trendy Gel Polish proudly unveiled India's first Halal-certified Gel Polish, marking a significant milestone.

Product Type - Market breakup from 3 viewpoints
1. Color Cosmetics
2. Personal Care Products
3. Fragrances

Applications - Market breakup from 4 viewpoints
1. Hair
2. Skin
3. Face
4. Beauty Care

Distribution Channels - Market breakup from 5 viewpoints
1. Hypermarkets & Supermarkets
2. Online Stores
3. Convenience Stores
4. Specialty Stores
5. Others

Country - Market breakup of 25 Countries covered in the Report
1. North America

1.1 United States
1.2 Canada

2. Europe

2.1 Russia
2.2 France
2.3 Germany
2.4 Italy
2.5 United Kingdom

3. Asia

3.1 Pakistan
3.2 Indonesia
3.3 India
3.4 Bangladesh
3.5 China
3.6 Malaysia
3.7 Kazakhstan

4. MEA

4.1 Nigeria
4.2 Egypt
4.3 Turkey
4.4 Iran
4.5 Algeria
4.6 Iraq
4.7 Morocco
4.8 Saudi Arabia
4.9 United Arab Emirates
4.10 Qatar

5. Rest of the World

All key players have been covered from 3 viewpoints

• Overview
• Recent Development
• Revenue

Company Analysis

1. Estee Lauder
2. L'Oréal
3. S&J International Enterprises
4. Kao Corporation
5. Clara International Beauty Group

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About the Company:

Renub Research is a Market Research and Information Analysis company with more than 15 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

Contact Us:

Renub Research
Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

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