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Halal Cosmetic Product Market : Global Demand, Growth Analysis & Opportunity Outlook 2023

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Extensive insights into the Growth of Halal Cosmetic Product Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Global Halal Cosmetic Product Market Overview

Halal cosmetics are personal care products which are free from ingredients forbidden by the Islamic law. These cosmetics do not contain animal derived material such as blood from any animal, pork and pork products as well as alcoholic constituents in their manufacturing. Halal cosmetic products include hair shampoos, conditioners, bath and shower gels, cleansers, creams, lotions, talc and baby powders, toners, make up, perfumes, eau de colognes and oral care products. As the Islamic law only permits the use of halal cosmetic products, this religion segment holds the largest consumer base of halal cosmetic products across the globe.

Market Size & Forecast

The global halal cosmetic product market is anticipated to reach USD 53 billion by the end of 2023 witnessing a promising compound annual growth rate of 14.1% over the period of forecast i.e. 2016-2023.

Middle East is anticipated to hold the largest consumer base owing to the dominance of Islamic culture. Absence of halal certification body in the region is anticipated to fuel the supply of halal cosmetic product in the region.

Europe halal cosmetic market is anticipated to grow at a high pace due to the dominance of well-established cosmetic manufacturers in the region such as Saint Laurent and L’Oreal. In 2009, European Commission banned animal testing for cosmetic ingredients and other products. This has forced the cosmetic manufacturers to increase the incorporation of plant based ingredients. This is likely to pave the demand for halal cosmetic products in the region.

Asia Pacific halal cosmetic product market is estimated to reach USD 2.9 billion by the end of 2023 witnessing a compound annual growth rate of 9.4% over the period of forecast, Asia Pacific market is expected to be remunerative region owing to the increasing Muslim consumer base with rising personal grooming needs and rising demand of vegan friendly cosmetics in the region.

                      Halal Cosmetic Product Market Demand & Revenue Growth

Research study states that 20% of the global Muslim population is concerned about halal issues with the products they are using. Growth of the market is mirrored by the consumer knowledge about the ingredient used and product awareness. Social media has raised the awareness of use of halal certified cosmetic products which is going to boost the demand for halal cosmetic products across the globe.CLICK TO DOWNLOAD FREE SAMPLE REPORT

According to the halal industry development corporation, many well recognised and international brands are now considering to establish their market in halal industry by adding halal cosmetics and personal care products in their product line.

Market Segmentation

By Product

On the basis of cosmetic products offered under halal integrity, the market can be segmented into following product type:-

  • Skin Care
  • Colour Cosmetics
  • Hair Care
  • Fragrances

By Distribution Channel

Deep dive study has been carried out on following distribution channel segment:-

  • Hypermarket/supermarket
  • Convenience/Departmental Store
  • Specialty Store
  • Online Store
  • Others

By Region

Global Halal Cosmetic Product Market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth Drivers and Challenges

Rising awareness about the percutaneous essence of conventional cosmetic products along with rising demand of vegan friendly cosmetics is anticipated to propel the growth of global halal cosmetic product market across the globe.

Rising Muslim population (nearly two billion) and increasing expenditure of Muslim consumers on food and lifestyle is anticipated to fuel the demand for halal cosmetic products. The global expenditure of Muslim consumers has increased by 10% in 2015, and is expected to reach USD 3.9 trillion by the end of 2023 witnessing a compound annual growth rate of 11% over the forecast period i.e. 2016-2023.

Growing health concerns due to harmful effects of ingredient that are used in manufacturing of cosmetic product is increasing the demand for halal cosmetic products not only among the Muslim populations, globally consumers are now more inclined towards the  adoption of cruelty free product.

Factor such as lack of authentication laws, liberal government regulations and challenges faced in positioning and marketing as well as short shelf life of the organic products are some factor restraining the market growth.

Key Players

  • Amara Cosmetics Inc
  • INIKA Cosmetics
  • Martha Tilaar Group
  • EL Asira
  • SAAF International
  • Samina Pure Makeup
  • Wardah Cosmetics
  • Zuii Organic
  • Clara International
  • OnePure


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