Press release
Halal Cosmetics Market: Exploring Size, Key Players and Trends for 2024-2029
Halal Cosmetics Market Insights
What Is The Projected Market Size Of The Global Halal Cosmetics Market And Its Growth Rate?
The halal cosmetics market is experiencing a surge, driven by cultural and religious sensitivity, ethical consumerism, increased awareness of halal practices, and globalization.
• 2024 Market Size: $41.38 billion
• 2025 Market Size: $47.14 billion (13.9% CAGR)
• 2029 Market Size: $82.37 billion (15.0% CAGR)
What Is Driving The Growth In The Halal Cosmetics Market?
The surge in the global Muslim population is a significant driver of the halal cosmetics market, leading to increased demand for products that align with their religious beliefs. Factors attributing to the growth of the Muslim population include higher birth rates among Muslim families, immigration, and conversion to Islam. For example, in 2023, the global Muslim population is projected to surpass 2.01 billion and reach 2.2 billion by 2030. Consequently, the rising Muslim population is a major force propelling the halal cosmetics market.
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Who Are the Key Players Driving Halal Cosmetics Market Growth?
Major corporations participating in the halal cosmetics market include:
• INGLOT Cosmetics
• J.L. Morison (India) Ltd.
• Clara International Beauty Group
• Prolab Cosmetics
• IVY Beauty Corporation
• PHB Ethical Beauty Ltd.
• Amara Beauty
• INIKA Organic Australia
• Martha Tillar Group
• The dUCk Group Sdn Bhd
• Honeybee Gardens LLC
• IBA Cosmetics
What Are The Key Trends In The Halal Cosmetics Market?
Key market trends include:
• Certification and transparency
• Rise of e-commerce
• Clean and natural ingredients
• Innovation in product development
• Customization and personalization
What Are The Segments Of The Global Halal Cosmetics Market?
The Halal Cosmetics Market is classified as:
• By Type: Skin Care, Hair Care, Makeup, Others
• By Distribution Channel: Offline, Online
• By End User: Men, Women, Unisex
Which Region Leads The Halal Cosmetics Market?
Asia-Pacific dominated the halal cosmetics market in 2024, with North America anticipated to record the fastest growth in the coming years. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Halal Cosmetics Market Global Market Report?
- Market Size Analysis: Analyze the Halal Cosmetics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Halal Cosmetics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Halal Cosmetics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Halal Cosmetics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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