According to the latest report by IMARC Group, titled “Halal Cosmetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on halal cosmetics market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global halal cosmetics market size reached US$ 30.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 53.2 Billion by 2028, exhibiting a growth rate (CAGR) of 9.4% during 2023-2028.
Halal cosmetics are a growing segment of the beauty industry, catering to consumers who seek products compliant with Islamic dietary laws and ethical principles. These cosmetics are formulated without ingredients derived from prohibited sources, such as alcohol or pork, and are often cruelty-free and free from harmful chemicals. Muslim consumers embrace halal beauty products and appeal to a broader audience looking for ethical and sustainable choices. The global market for halal cosmetics continues to expand, reflecting the increasing demand for products that align with religious beliefs and ethical values while offering the same quality, variety, and innovation as conventional cosmetics.
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Market Trends:
The global market is majorly driven by the increasing Muslim population. As the number of Muslim consumers rises, so does the demand for cosmetics that adhere to halal principles, reflecting a significant demographic driver for market growth. Furthermore, regulatory support and standards have propelled the market forward. Many countries and regions have established guidelines and certifications for halal cosmetics, providing assurance to consumers and facilitating international trade. Moreover, a heightened awareness of ethical and sustainable choices has driven market expansion. Halal cosmetics are often cruelty-free, environmentally responsible, and free from harmful ingredients, appealing to a broader audience seeking ethically conscious products. Additionally, the rise of e-commerce has facilitated access to halal beauty products, allowing consumers to browse and purchase from a wide range of options easily. Besides, endorsements by celebrities and influencers and strategic marketing campaigns have bolstered the visibility and desirability of halal beauty products, further driving their market presence.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Clara International Beauty Group
- Halal Beauty Cosmetics
- INGLOT Cosmetics
- INIKA Organic
- IVY Beauty Corporation Sdn Bhd
- Martha Tilaar Group
- PHB Ethical Beauty Ltd
- Sampure Minerals
Explore Top Companies Blog by IMARC Group: https://www.imarcgroup.com/halal-cosmetics-companies-brands
Halal Cosmetics Market Segmentation:
Our report has categorized the market based on region, product type and distribution channel.
Breakup by Product Type:
- Personal Care Products
- Skin Care
- Hair Care
- Fragrances
- Others
- Color Cosmetics
- Face
- Eyes
- Lips
- Nails
Breakup by Distribution Channel:
- Online
- Offline
Breakup by Regional Insights:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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