Halal Cosmetics Market 2019 Deep Analysis of Current Trends and Future Demand by Top Key Players By 2025Posted by Mrudula Anil Karmarkar on January 6th, 2025 San Francisco, 06 January 2025: The Report Halal Cosmetics Market Size, Share & Trends Analysis Report By Product (Skin Care, Hair Care, Makeup), By Region (North America, Europe, Asia Pacific, MEA, Central & South America), And Segment Forecasts, 2019 - 2025 The global halal cosmetics market size is projected to reach USD 52.02 billion by 2025 registering a CAGR of 12.3%, according to a new report by Grand View Research, Inc. Considerable Islamic population base across the globe that is willing to pay premium prices for Halal-certified beauty products is anticipated to drive the product demand over the forecast period. The market is niche with the presence of both large- and small-scale manufacturers. Growing concern among consumers about the usage of animal-derived ingredients, such as gelatin and collagen, has resulted in the increased production of halal-certified products by many cosmetic industry participants. Regional companies are entering the global market to fulfill the rising demands. Middle East and Africa accounted for around 18% of the global revenue share in 2018. Though there is a growing demand for halal products in Middle East, there is an absence of complete regulation system. However, Brunei has an established regulatory system that promotes and produces halal products. There have been a lot of initiatives taken by different Islamic countries to integrate the halal industry. For instance, Malay Chamber of Commerce Malaysia (MCCM) built a marketing center in Dubai to help the growth of such products and pave opportunities for manufacturers to advertise their portfolio. Considerable Islamic population base across the globe that is willing to pay premium prices for Halal-certified beauty products is anticipated to drive the product demand over the forecast period. Growing awareness regarding the use of cosmetic products is also likely to be one of the key factors driving the market. Since Muslims constitute a considerable part of the global population, thus the mainstream cosmetic industry is now focusing on the development of halal-certified products. As a result, manufacturers have started introducing Sharia-compliant products. India has a high Islamic population and ranks third in the world. Rapid urbanization and growing standards of living have boosted the cosmetics market in India. Apart from the domestic market, India is also considered to be the hub of exports for halal products from the UAE, Bangladesh, Saudi Arabia, and Malaysia. Information regarding the ingredients used in cosmetics is not easily available at times and brands often lack transparency with their customers. Request sample report of Halal Cosmetics Market@ https://www.grandviewresearch.com/industry-analysis/halal-cosmetics-market/request/rs1 Health-related diseases, such as genital abnormalities and breast cancer, caused by cosmetics have given rise to various concerns regarding the ingredients. In many countries, manufacturers use lard or pork as a cheaper substitute for oil. The use of lard is a serious offense for Abrahamic religions such as Islam and Judaism. Hence, several detection techniques have been introduced for detecting the presence of fats, oils, and gelatin in cosmetics. Some technologies include Fourier Transform Infrared (FTIR) spectroscopy and Gas Chromatography-Mass Spectrometry (GCMS). Further key findings from the study suggest:
Growing demand for Halal-certified and Sharia-compliant product is also boosting the market growth. Although the production costs of halal cosmetics are usually higher than regular products, consumers are willing to pay extra due to their strong religious beliefs. Majority of the Major Muslim populated countries, such as Pakistan and Arab countries, are developing, price-sensitive economies. Regional manufacturers have therefore developed small packaging products at lower costs to avoid a one-time investment. Rising awareness regarding the benefits of using skincare products is anticipated to drive the skincare segment growth. Most cosmetics contain ingredients that cause skin irritation and may have a long-term effect on health. As a result, halal cosmetics have proven to be an alternative and effective solution for consumers. Increasing disposable income coupled with the adoption of modern lifestyle is presumed to be the major factor behind the segment’s development. There are some vegan varieties that extend the market opportunity for the non-Muslim population as well. For example, Eco trail, an Indian company and U.K.-based PHB Ethical Beauty offer products that are not only Halal certified but also cruelty-free and free from harmful substances. This trend is being followed by leading global brands, such as The Body Shop and Forest Essentials, which, in turn, is supporting the market expansion. Report Scope
Companies in the market are spending high amounts on promotional activities spreading awareness about the benefits of using halal beauty products. There has been a promotion of prestigious cosmetic brands in local magazines in Malaysia. Some of the prominent industry participants are Martha Tilaar Group, Clara International, Wipro Unza, Paragon Technology and Innovation, and Ivy Beauty Corporation Sdn Bhd. The other manufacturers are Saaf Skincare, Prolab Cosmetics, TALENT Cosmetic Co. Ltd, and PHB Ethical Beauty. Like it? Share it! More by this author |