Inkwood Research anticipates the Global Halal Cosmetics Market to increase with a 9.03% CAGR during the assessment years 2023 and 2032.
“Browse 60 market data Tables and 47 Figures spread over 225+ Pages, along with an in-depth TOC on the Global Halal Cosmetics Market Forecast 2023-2032.”
Halal cosmetics are personal care products made with halal ingredients and prepared according to halal principles. Halal certification agencies approve them following Sharia law. Halal cosmetics include body washes, shampoos, conditioners, oils, lipsticks, foundation, kohl, blushes, eyeshadows, fragrances, moisturizers, etc.
The worldwide halal cosmetics industry is expanding due to its quality guarantee and purity, and Muslim customers use them extensively due to their growing need for personal care and grooming goods, as well as their commitment to their religion. In the coming years, the market for halal cosmetics is expected to grow as the Muslim population increases and younger customers opt for vegan, natural, and organic cosmetic products to avoid the risks associated with conventional cosmetics.
Rising Demand for Male Grooming Products Drives Market Growth
The growing demand for male grooming items, including anti-aging creams, exfoliants, eye creams, tinted moisturizers, SPF products, and masks, has elevated men’s skin care to the forefront of the personal care industry. As a result, mass merchants are increasingly dedicating additional shelf space to cater to the rapidly expanding market for male-specific halal cosmetics and personal care products.
Color Cosmetics is Set to Lead the Application Segment
The demand for halal color cosmetics is set to rise in the Middle East and Asia-Pacific due to the increasing Muslim population and awareness of halal products. The rise in the Muslim population, halal market development, and certification compliance drive the global halal cosmetics market. Non-Muslim adoption of halal cosmetics is expected to further increase demand.
Moreover, halal cosmetics are eco-friendly and cruelty-free alternatives. The rise in purchasing power of the growing Muslim population and young women’s interest in makeup and fashion associated with Islamic values also create opportunities for multinational players in the global halal cosmetics market.
Asia-Pacific – Dominating Region
The rising Muslim population in Southeast Asia and the increasing number of halal-certified companies in the region fuel the growth of the halal cosmetics market. Countries such as India, Indonesia, and Malaysia are among the top spenders on halal beauty products, with the increased spending and growing awareness of animal welfare and veganism contributing to the market’s growth.
The halal cosmetics industry has large and small-scale manufacturers creating innovative products to meet consumer demand, resulting in a competitive market with established global vendors and high rivalry.