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Halal Cosmetics Market By Product Type (Skin Care, Hair Care, Oral Care, Color Cosmetics) - Growth, Share, Opportunities & Competitive Analysis, 2017 - 2025

In context with cosmetics, the word "halal" means products that are manufactured and composed of ingredients acceptable under Islamic Sharia law. The halal cosmetics market is projected to grow with a CAGR of 12.9% from 2017 to 2025. Rising purchasing power and awareness about the benefits of halal cosmetics among consumers are increasing the demand for halal products. Due to the increasing demand for halal cosmetic products, companies are trying to diversify their product offerings. Some Muslim consumers prefer shopping for personal care and beauty-care brands that are sharia-compliant and avoid using products with ingredients such as pork fat, non-halal animal derivatives, and alcohol. Halal laws are different for different countries, due to which manufacturers find it difficult to meet the standardized set of guidelines, which in turn restrains the growth of the global halal cosmetics market.

The Asia Pacific was the dominant region and accounted for approximately 62.2% of the overall market revenue in 2016, as the region has a significant Muslim population with good socio-economic environments. The Middle East and Africa are projected to observe significant growth due to the authority of the Islamic code. The region is anticipated to grow at a CAGR of 13.1% from 2017 to 2025.

The report titled "Global Halal Cosmetics Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" offers strategic insights into the global halal cosmetics industry along with the market size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of multiple market segments based on halal cosmetics market size, product type, and a cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2016 and 2025. The report also provides a prolific view of market dynamics, such as market drivers, trends, restraints, and opportunities. The report incorporates a separate section highlighting key trends in the overall halal cosmetics market.

In order to help the strategic decision-makers, the report also includes profiles of the leading halal cosmetics manufacturers, their business strategies, and key developments. Some of the major players profiled in the report are Clara International, INGLOT, INIKA Cosmetics, Ivy Beauty, Medicare Marketing, Martha Tilaar Group, MMA Bio Lab (IMED Lab), PHB Ethical Beauty, Saaf Skincare, Prolab Cosmetics, Talent Cosmetic Co., Ltd., The Halal Cosmetics Company, and Zelos. Further, the report also covers the market positioning of the key players operating in the calcium formate market. The section further includes a brief on key strategies adopted by the major players operating in the market.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the halal cosmetics industry
  • Market driver, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2015–2016)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global halal cosmetics market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

Based on the product type, the global halal cosmetics market is segmented as follows:

  • Skin Care
  • Hair Care
  • Oral Care
  • Color Cosmetics
  • Others (perfumes, deodorants, and fragrances)

A growing number of educated and young Muslims are more motivated towards personal hygiene through religious concerts. The skin care segment is the largest, contributing nearly 34.27% of the overall market. Muslim and non-Muslim consumers prefer sharia-compliant skin care products over vegan products in order to avoid skin-related harmful effects. These products are manufactured according to Islamic laws and are made without animal-derived ingredients.

Due to this, the demand for halal-certified products has observed a significant growth in skin care as well as hair care product types. Halal hair care products have a wide range of products to attract consumer demand. Hair care product type had a market share of around 15.76% in 2016 due to awareness and aspiration for healthy hair, especially among Muslim women.

For the purpose of this study, the global halal cosmetics market is categorized into the following geographies and sub-geographies:

  • North America (US, Canada)
  • Europe (U.K., Germany, rest of Europe)
  • Asia Pacific (Japan, China, India, and the Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and the Rest of Asia-Pacific)
  • Middle East and Africa (GCC and the Rest of the Middle East and Africa)

Asia Pacific is the largest region, growing at a CAGR of 13.3% from 2017 to 2025. South East Asian countries such as South Korea, Indonesia, Singapore, Malaysia, and Thailand are likely to have significant growth due to a rise in the Islamic population along with huge untapped potential in developing economies. The Middle East and Africa are projected to show significant growth due to the supremacy of Islamic philosophy. The region accounted for about 7.7% of the overall market in 2016. The European region is anticipated to grow at a constant rate due to the presence of global players in the region.

Frequently Asked Questions:

The market for Halal Cosmetics Market is expected to reach US$ 58.41 Mn By 2025.

The Halal Cosmetics Market is expected to see significant CAGR growth over the coming years, at 12.9%.

The report is forecasted from 2017 To 2025.

The base year of this report is 2016.

Clara International, INGLOT, INIKA Cosmetics, Ivy Beauty, Medicare Marketing, Martha Tilaar Group, MMA Bio Lab (IMED Lab), PHB Ethical Beauty, Saaf Skincare, Prolab Cosmetics, Talent Cosmetic Co., Ltd are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jul 2017
Category:  Consumer Goods
Report ID:   58194
Report Format:   PDF
Pages:   120
Rating:    4.1 (65)
Delivery Time: 24 Hours to 48 Hours   
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