Halal Cosmetics Market is Likely to Expand at US$ 127.8 Billion, Amplify at 11.6% CAGR By Forecast Period 2033 End | Data analysis by Future Market Insights, Inc.

PRESS RELEASE
Published June 20, 2023

NEWARK, DE / ACCESSWIRE / June 20, 2023 / The Halal Cosmetics Market is predicted to be worth US$ 42.65 billion in 2023 and rise to US$ 127.8 billion by 2033. Demand initially expanded at a market CAGR of 11.6% between 2023 and 2033.

The demand for halal cosmetics has increased globally, especially in areas with of Muslims, such as the United Arab Emirates, Indonesia, Malaysia, Saudi Arabia, Turkey, and others. As a result, the halal cosmetics market has increased the scope of its product line to significantly tap into the cosmetics market.

With the rising need for safe and clearly labeled products, the size of the halal-certified cosmetics industry is projected to present significant development potential for prospective participants in the years to come.

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In recent years, there has been an increase in product demand on a global scale as customers become more conscious of eco-friendly living strategies and the problems caused by non-halal cosmetics. As natural personal care and cosmetics are essential to living a healthy lifestyle, the adoption of halal cosmetics is likely to increase.

Key Takeaways:

  • The halal trend is being shaped both offline and online in the German market by the halal-certified brand VIE Halal.
  • Asia Pacific is predicted to control the bulk of the world's halal cosmetics industry by 2032, mostly as a result of the rising Muslim population in Southeast Asian countries.
  • The halal cosmetics market was significantly expanding, with a size of US$ 38.21 billion in 2022.
  • Over the projection period, the United States is anticipated to lead the North American halal cosmetics industry, luring new competitors and maximizing commercial opportunities.
  • Skin care segment dominated the market in 2022, and is likely to hold a top spot regarding product type by 2033.

Competitors Winning Strategies:

With the Muslim population expanding, international companies like L'Oreal, Unilever, P&G, and others have prospects to enter the halal cosmetics sector in order to meet the rising demand for halal cosmetics. Three companies dominate the market: Iba Cosmetics, Ivy Beauty Corporation Sdn Bhd, and Kao Corporation. To remain competitive, well-known firms make considerable investments in research and development and product innovation.

To reach customers and shoppers via an omnichannel distribution strategy, the leading corporations are concentrating on market penetration efforts while bolstering their market presence.

While intensifying their efforts to improve their online and social media presence, key companies in the sector are also concentrating on promotional operations. This is to inform customers about the availability and advantages of cosmetics that have received halal certification.

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Key Players are:

  • Iba Cosmetics
  • Martha Tilaar Group
  • Clara International
  • Kao Corporation
  • Andalou Naturals
  • Ivy Beauty Corporation Sdn Bhd
  • Nature's Dream
  • Prolab Cosmetics
  • Inglot Cosmetics
  • One Pure
  • Talent Cosmetics

What's on the Horizon of Leading Manufacturers in this Industry?

  • A Muslim-owned skincare company called Flora and Noor unveiled novel halal-approved skin care products in June 2021. This business sells a range of halal-approved, vegan, and devoid animal goods. There are moisturizers, bath bombs, toners, serums, body scrubs, and cleansers.
  • In order to create recyclable packaging and reduce the impact of plastic on the environment, Lion Corporation and Kao Corporation, a Japanese maker of halal-certified cosmetics, worked together. Detergent, soaps, medicines, and oral hygiene products are all produced by Lion Corporation.

Key Market Segmentation:

By Product Type:

  • Skin Care
    • Creams & Lotions
    • Face Cleanser
    • Others
  • Hair Care
    • Shampoo
    • Conditioner
    • Hair Oil
    • Others
  • Makeup
    • Facial Products
    • Eye Products
    • Lip Products
    • Nail Products
  • Body Care
    • Soaps
    • Shower Gels
    • Lotions
    • Others
  • Fragrance

By End User:

  • Men
  • Women
  • Unisex

By Sales Channel:

  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Multi-brand Stores
  • Online Retailing
  • Other Sales Channel

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Table of Content (ToC):

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.2. Scenario Forecast

3.3. Opportunity Map Analysis

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022

4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type

5.1. Introduction / Key Findings

5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2018 to 2022

View Complete TOC here: https://www.futuremarketinsights.com/toc/rep-ap-521

Explore FMI's Extensive Ongoing Coverage in Consumer Product Domain:

Personalized Beauty Devices Market Size: The global Personalized Beauty Devices Market is expected to expand at a healthy CAGR of close to 25.6% over the next decade, and cross a valuation of US$ 125.3 million in 2033.

Probiotic Cosmetics Market Share: The Probiotic Cosmetics Market size is estimated to be valued at US$ 343.3 million in 2023 and is expected to reach US$ 681.5 million by 2033.

Anti-pollution Hair Care Market Scope: The Anti-Pollution Hair Care Market size is estimated to be valued at US$ 4,109.8 million in 2023 and is expected to reach US$ 8,380.0 million by 2033.

Eye Shadow Market Trends: The Eye Shadow Market size is estimated to be valued at US$ 3,080.8 million in 2023 and is expected to reach US$ 6,034 million by 2033.

Anti-Pollution Skin Care Products Market Growth: The Anti-Pollution Skin Care Products Market is estimated to be valued at US$ 7,511.6 million in 2023 and is expected to reach US$ 15,247 million by 2033.

Cosmetics ODM Market Demand: The Cosmetics ODM Market is estimated to be valued at US$ 13,460.7 million in 2023 and is expected to reach US$ 23,265.4 million by 2033.

Waterless Cosmetics Market Outlook: The Waterless Cosmetics Market size is estimated to be valued at US$ 9700 million in 2023 and is expected to surpass US$ 33000 million by 2033.

Beauty Subscription Market Overview: The beauty Subscription Market analysis report by Future Market Insights reveals that global sales of Beauty Subscription in 2022 were held at US$ 723.7 Million. With a 26.7% projected CAGR from 2023 to 2033

Facial Oil Market Analysis: The revenue generated from Facial Oil sales is likely to reach US$ 1,915.61 million by the end of 2033. It is likely to surpass a 6.0% CAGR from 2023 to 2033.

Natural Cosmetics Market Values: The Natural Cosmetics Market is estimated to reach at US$ 48.4 Billion in 2023 and is projected to reach US$ 79.6 Billion by 2033.

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

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