Steady Expansion Forecast for Halal Cosmetics Market, Projected to Reach $82.37 Billion by 2029

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How Large Will the Halal Cosmetics Market Size By 2025?
The market size of halal cosmetics has seen a significant surge recently. It is set to expand from a value of $41.38 billion in 2024 to $47.14 billion in 2025, signifying a compound annual growth rate (CAGR) of 13.9%. The historical growth patterns can be credited to a growing Muslim populace, a heightened understanding of halal norms, heightened cultural and religious sensitivity, globalization coupled with cross-cultural impacts, and values-driven consumer behavior.

How Big Is the Halal Cosmetics Market Size Expected to Grow by 2029?
The market size for halal cosmetics is predicted to expand exponentially in the coming years, with the expectation of reaching a valuation of $82.37 billion by 2029 at a compound annual growth rate (CAGR) of 15.0%. Factors contributing to this projected growth within the forecast period include a growing middle-class population of Muslim consumers, increasing inclination towards natural and organic products, adoption of inclusive marketing approaches, and adherence to sustainability and eco-friendly practices, as well as global halal certification standards. Key trends predicted for this forecast period involve certification transparency, the rise of e-commerce, the use of clean and natural ingredients, innovative strides in product development, and an increasing emphasis on customization and personalization.

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Which Key Market Drivers Powering Halal Cosmetics Market Expansion and Growth?
The anticipated rise in the Muslim population is believed to foster the expansion of the halal cosmetic market. The phrase "rise in Muslim population" denotes a growth in the number of Muslim individuals within a specific country, region, or worldwide. This surge could be attributed to multiple aspects, such as elevated birth quantities in Muslim families, immigration of Muslims from different nations, and religious conversions to Islam. As the community of Muslims expands, the demand for halal cosmetics also increases since more Muslim buyers are in search of items in line with their religious norms. For instance, Prayer Times, an Indian Islamic institution, predicted in April 2023, that the global Muslim populace will exceed 2.01 billion by 2023. The Pew Research Center also projected that by 2030, the worldwide Muslim populace would touch 2.2 billion. Consequently, the anticipated rise in the Muslim population is propelling the expansion of the halal cosmetics market.

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Which Fast-Growing Trends Are Poised to Disrupt the Halal Cosmetics Market?
Leading businesses in the halal cosmetics market, such as Believe Pte Ltd, are strategically investing in companies like IBA Cosmetics to bolster their standing in the burgeoning clean beauty industry. The investment by Believe Pte Ltd into IBA Cosmetics is anticipated to fortify their distribution channels, diversify their offerings, and stimulate growth in both domestic and global markets. In November 2022, Believe Pte Ltd, a Singaporean firm providing market-ready solutions, declared a $10 million investment into IBE Cosmetics, an Indian Halal-certified and PETA-endorsed brand, specializing in vegan personal hygiene and cosmetic products. This financial boost marked a key alliance between two like-minded firms. Their products primarily sell online through their website, along with platforms such as Purplle, Amazon, Nykaa, Flipkart, and Bigbasket.

What Are the Emerging Segments in the Halal Cosmetics Market?
The halal cosmetics market covered in this report is segmented -

1) By Type: Skin Care, Hair Care, Makeup, Others
2) By Distribution Channel: Offline, Online
3) By End User: Men, Women, Unisex

Subsegments:
1) By Skin Care: Moisturizers, Cleansers, Sunscreen, Face Masks, Serums
2) By Hair Care: Shampoos, Conditioners, Hair Oils, Hair Masks, Styling Products
3) By Makeup: Foundation, Lipstick, Eyeliner, Mascara, Blush
4) By Others: Fragrances, Deodorants, Personal Care

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Who Are the Global Leaders in the Halal Cosmetics Market?
Major companies operating 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, Ecotrail Personal Care Sdn Bhd, Sampure Minerals, Maryaj Perfumes Pvt Ltd., Saaf Skincare, Wardah Cosmetics, OnePure International Group Ltd., Talent Cosmetics, Pure Halal Beauty LLC, Flora & Noor Cosmetics LLC, Mikyajy Kosmetik Sdn Bhd, Muslimah Manufacturing Sdn Bhd, SirehEmas Global Sdn Bhd, Amsons Laboratories Pvt Ltd., The Halal Cosmetics Company Ltd., T'ZIKAL Beauty Sdn Bhd, Amreen Cosmetics Pvt Ltd., Halal Beauty Cosmetics

Which are the Top Profitable Regional Markets for the Halal Cosmetics Industry?
Asia-Pacific was the largest region in the halal cosmetics market in 2024. North America is expected to be the fastest-growing region in the global halal cosmetics market report during the forecast period. The regions covered in the halal cosmetics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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