Halal Cosmetics Market is projected to reach US$ 28.06 Billion by 2030, at a CAGR of 9.8%

The latest research document on "Global Halal Cosmetics Market Size, Share, Sales and Forecast 2024-2030" Published by HTF MI with 123+ pages. The Study is segmented by key a region that is accelerating the marketization. Halal Cosmetics study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.

Major Key Players in This Report Include:
Amara Cosmetics (United States), Inglot Cosmetics (Poland), Wardah Cosmetics (Indonesia), Saaf Skincare (United Kingdom), Zahara Cosmetics (Singapore), One Pure (Malaysia), Iba Halal Care (India), Sampure Minerals (United Kingdom), Pure Halal Beauty (United Kingdom), Tuesday in Love (Canada), INIKA Cosmetics, Golden Rose, Sampure

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According to HTF Market Intelligence, the global Halal Cosmetics market was valued at 17.7 Billion in 2023 and is projected to reach US$ 28.06 Billion by 2030, at a CAGR of 9.8% during the forecast period. It's crucial you stay up with the latest sectioned by Applications [Skin Care, Hair Care, Makeup, Others], Product Types [Personal Care Products, Color Cosmetics, Fragrances] and some significant parts of the business.

Definition:
Halal cosmetics were introduced particularly by keeping the Muslim community in mind as this community is very much conserved about the sharia law which prohibits consumption and application of various things like alcohol, pig fats, and chemicals which are commonly found in cosmetic products. Halal cosmetics do not contain any kind of alcohol, petrochemicals, fatty acids, and ingredients that are obtained from animals like a pig. The basic idea behind this market is that wants to provide clean products without using the ingredients that the Islamic community won’t accept. Halal cosmetics don’t include ingredients derived from animals, genetically modified organisms (GMOs) that are affirmed as unclean according to Islamic law. Neither do they contain alcohol which has several negative effects on the skin. These beauty/personal care products are Vegan and Cruelty-Free at the same time. They are enriched with the goodness of powerful actives and proven natural ingredients. It is a holistic approach ensuring the safety of the users as well as the environment. Halal is the ultimate stamp of purity and safety guaranteeing superior quality products. Halal is an Arabic term meaning ‘lawful or permissible. It not only encompasses food and drink but all matters of daily life. According to Islamic law, the consumption of pork, alcohol, and blood is prohibited. Products that contain any of these ingredients are considered to be ‘Haram’ or forbidden. Moreover, the source of the product should also be known before consumption. Muslims need to ensure that the source isn’t questionable and there shouldn’t be the ambiguity of any sort. Foods, as well as non-food items like cosmetics and pharmaceuticals, contain animal by-products or other ingredients that are not permissible for Muslims to eat or use on their bodies.

Market Trends:
• The Rising Trend In the Demand for Organic and Vegan Cosmetics
• Increasing Demand for Cosmetics in the Asia- Pacific Regions

Market Drivers:
• The Rising Demand from the End-Users
• A Rise in the Non-Muslim Population Is Shifting Towards Halal Beauty Products.
• The Growing Online Market, Including E-Commerce and Social Media Platforms, Is Driving the Halal Cosmetics Market
• Increasing Awareness Regarding Halal Cosmetics in the Younger Generation

Market Opportunities:
• Presence of a Large Muslim Population in the Gulf Countries Leading To High Awareness for Halal Cosmetic Products
• Growing Muslim Population And Rising Adoption Of Modern Lifestyle By The Muslim Community

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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

Interpretative Tools in the Market: The report integrates the entirely examined and evaluated information of the prominent players and their position in the market by methods for various descriptive tools. The methodical tools including SWOT analysis, Porter's five forces analysis, and investment return examination were used while breaking down the development of the key players performing in the market.

Key Growths in the Market: This section of the report incorporates the essential enhancements of the marker that contains assertions, coordinated efforts, R&D, new item dispatch, joint ventures, and associations of leading participants working in the market.

Key Points in the Market: The key features of this Halal Cosmetics market report includes production, production rate, revenue, price, cost, market share, capacity, capacity utilization rate, import/export, supply/demand, and gross margin. Key market dynamics plus market segments and sub-segments are covered.

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FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

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HTF Market Intelligence consulting is uniquely positioned empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist in decision making.

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