Halal Cosmetics Market Share is Expected to Thrive at a CAGR of 11.6% Till 2032

Future Market Insights Global and Consulting Pvt. ltd.

During the forecast period, the United States is expected to dominate the North American Halal Cosmetics market. The United States is a big market for halal-certified cosmetics. Canada is another important market for these products in North America

NEWARK, Del, Sep 08, 2022 (GLOBE NEWSWIRE) — The global halal cosmetics market size is expected to present an opulent growth opportunity with a phenomenal CAGR of 11.6% from 2022 to 2032. The market size is expected to reach the US dollar 38,217 Mn in 2022 and is expected to exceed a valuation of US$114,524 Mn by 2032.

Popular types of Halal cosmetics incorporate a range of fragrances; colored cosmetics such as lipsticks, foundations and lip balms; personal hygiene articles; and skin care products such as conditioning creams, moisturizers and lotions.

Consumers are shifting dramatically towards chemical-free and natural ingredient-based cosmetics, as well as personal care products which are driving the expansion of the halal cosmetics market. In Muslim-majority countries, halal items are on the rise over the forecast period.

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Key points to remember

  • There is a growing prevalence of trendy personal care and beauty products that must conform to religious values. Sales of halal cosmetics have seen a surge among the Muslim population. While the demand for halal cosmetics is considerably high in Muslim countries, but even in non-Muslim countries, halal cosmetics are increasingly preferred due to criteria such as ingredients used and safety.

  • A tremendous increase in the demand for Halal cosmetics has been observed across the world, especially in Muslim-majority countries such as the United Arab Emirates, Saudi Arabia, Indonesia, Malaysia, Turkey and India. others.

  • Major halal cosmetics brands have expanded their manufacturing to such an extent that they are able to tap into the mainstream cosmetics market. Due to their growing prevalence, the market outlook for halal cosmetics is positive by 2032.

  • The dominant players in the cosmetics industry are focusing on prioritizing R&D and innovation initiatives, which are driving the demand for halal cosmetics significantly. Due to the growing demand for safe and clean labeled products, the halal certified cosmetics industry is expected to offer significant growth potential for prospective participants in the coming years.

  • With a significant increase in the Muslim population around the world, global companies such as Unilever, LOreal, and P&G, among others, are likely to enter the halal cosmetics market to effectively meet the growing demand for halal cosmetics.

  • The global market share of halal cosmetics is increasing with the increasing Muslim population in the world, which has led to the development of the halal market and an increase in compliance with halal certification.

Competitive landscape

The major players in the Halal Cosmetics market are focused on using a variety of techniques to thrive in a competitive market. Businesses focus on innovations and advancements to stay ahead of consumer demands, build brand names, and thrive in a competitive climate.

Major players in the halal cosmetics market are focusing on merger and acquisition strategies to maximize their business operations and increase their in-house expertise. Strategic alliances and partnerships are yet another way to gain a competitive advantage through expanding the company’s reach and services. In addition, new product launches continue to excel in the growth of the halal cosmetics market

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More information on the halal cosmetics market

Throughout the forecast period, the United States is expected to dominate the North American halal cosmetics market. In recent years, we have witnessed the emergence of new entrants seeking to capitalize on the country’s commercial potential. The United States is considered a dominant market comprising a large portion of halal-certified cosmetics. Canada is another crucial market for these products in North America.

The Asia-Pacific region is expected to dominate the global halal cosmetics market by 2032. The expanding Muslim population in Southeast Asian countries, along with the increased presence of halal-certified companies in the region, affect halal cosmetics market trends.

The best halal beauty products are made in countries like India, Indonesia, and Malaysia. Rising animal welfare awareness and growing Muslim population are driving the expansion of the halal cosmetics market.

Germany is also expected to present lucrative growth opportunities by gradually embracing cruelty-free culture, which is fueling the demand for halal cosmetics in the beauty and personal care sectors.

Halal cosmetics market by Category

By product type:

  • Skin care

  • Hair care

  • To put on makeup

  • Body care

  • Fragrance

Per end user:

By sales channel:

By region:

  • North America

  • Latin America

  • Europe

  • South Asia

  • East Asia

  • Middle East and Africa

  • Oceania

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Contents

1. Summary

1.1. Global market overview

1.2. Summary of key statistics

1.3. Summary of key findings

1.4. Analysis of product evolution

1.5. Analysis and recommendations

2. Market Overview

2.1. Market coverage/taxonomy

2.2. Market Definition/Scope/Limitations

3. Key Market Trends

3.1. Key trends impacting the market

3.2. Product Innovation Trends

3.3. Future Prospects of Halal Cosmetics Industry

The table of contents continued…!

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Donovan B. Sanford