Halal Cosmetics Market Overview:
Global Halal Cosmetics Market is expected to reach $54,164 million by 2022, from $20,247 million in 2015, registering a CAGR of 15.2% during the forecast period. Halal cosmetics have witnessed significant adoption among the Muslim consumers owing to the increased demand for personal grooming and trending beauty products that adhere to religious loyalties. The product range includes fragrances; personal care products applicable for personal hygiene; color cosmetics such as lipsticks, foundation, lip balms; and skin care products, including rejuvenating creams, moisturizers, and lotions.
The halal cosmetics market has expanded its product base to prominently tap into the cosmetics market owing to increase in demand for halal cosmetic products worldwide, particularly regions dominated by Muslim population such as UAE, Saudi Arabia, Indonesia, Malaysia, Turkey, and others. Such factors are raising demand for halal cosmetics, thereby resulting in increased halal cosmetics market size by 2022.
The growth of the global halal cosmetics market is driven by rise in Muslim population, development of the halal market, and increase in compliance of halal certification. In addition, multinational players tapping the halal cosmetics market creates lucrative growth opportunity for the for the global halal cosmetics industry. With growth in the Muslim population, the multinational players such LOreal, Unilever, P&G, and others have potential opportunities to penetrate into the halal cosmetics industry with an aim to cater to the increasing demands for halal cosmetic products. However, high costs associated with these cosmetics and lack of standard guidelines for halal certification are expected to hamper the halal cosmetics market growth.
The demand for halal color cosmetics is expected to witness the highest growth rate during the forecast period, owing to rise in purchasing power of the growing Muslim population and desire of young Muslim women to associate their interest in fashion & makeup with Islamic loyalties. These factors create lucrative opportunities for the multinational players operating in the global halal cosmetics market. Increase in young population in countries such as Saudi Arabia, Iran, UAE, Malaysia, and Indonesia and consumers equally interested in fashion & makeup trends have fueled the demand for halal cosmetics, which will spur the global halal cosmetics industry.
The upsurge in global halal fragrance market is expected to be driven by increase in desire for Muslim consumers for personal grooming. Since Muslim consumers prefer halal products, fragrances being one of them, it can be major growth opportunity for international cosmetics companies to tap the fragrance market.
The report includes comprehensive analysis of the key players in the operating in the market such as Amara Cosmetics, Iba Halal Care, Halal Cosmetics Company, Clara International, Inika, Wardah Cosmetics, PHB Ethical Beauty, Sampure Minerals, One Pure, Mena Cosmetics, and SaafSkinCare.
Other prominent players in the halal cosmetics industry include Martha Tilar Group, MMA Bio Lab Sdn Bhd., Talent Cosmetics Ltd., Wipro Unza, Brataco Group of Companies, Ivy Beauty Corporation Sdn Bhd., and Paragon Technology and Innovation.
The global halal cosmetics market is segmented on the basis of product type, application, distribution channel, and geography.
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Personal Care Products
Demand for halal personal care products is driven by the growing number of Muslims willingness to combine personal hygiene with religious observances. Halal personal care products include a vast range of product portfolio that have a substantial application in the daily lives of Muslim consumers owing to the religious adherences. The companies have a potential opportunity to shift their focus from merely hygiene products to solution- oriented personal care products. This trend is significantly noticeable in products such as body wash, hair care products, traditional soap cakes and skin care products. LAMEA and APAC, together accounted for about 78.6% of the total personal care market in 2015, with the former constituting around 43.2%.
Halal hair care products include hair shampoo, hair oil, conditioner, hair gel, hair massage creams and others. Hair care application has been witnessing a dominant position in the halal cosmetics application over the years owing to specific interest and desire for healthy hair and hair styling especially among Muslim women. LAMEA is expected to grow at a lucrative rate of 14.7% during the forecast period. APAC is estimated to grow with the second highest CAGR of 14.3%.
LAMEA dominates the global halal cosmetics market due to growth in Muslim population in Middle East countries such as Saudi Arabia, UAE, Qatar, Kuwait, and others. Asia-Pacific is expected to witness a significant growth during the forecast period owing to the rise in Muslim population in Muslimdominant countries such as Indonesia, Malaysia, and Singapore.
Top Impacting Factors
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Rise in Muslim Population
Muslim population accounts for about a quarter of the worlds population, and is expected to grow during the forecast period. The demand for halal cosmetic products is high in Muslim-dominant countries such as UAE, Saudi Arabia, Indonesia, Malaysia, Turkey, and others to adhere to the religious guidelines. Therefore, manufacturers focus on increased production of halal cosmetics to cater to the growing demands of these consumers.
Lack of Standard Guidelines for Halal Certification
Since halal guidelines vary from country to country, manufacturers find it difficult to relate to a standardized set of guidelines, which affects the sale of the products, thus failing to attain halal certification. This is expected to restrain the growth of the global halal cosmetics market.
High Costs Associated with Halal Cosmetics
In an effort to attain halal certification, the manufacturers have to ensure appropriate ingredients, manufacturing process, and production process, which incur high cost in the entire supply chain. Moreover, heavy investments in R&D to differentiate halal products to ensure effective introduction in untapped markets is expected to limit the market growth.
- The report provides a comprehensive analysis of present & future market trends and opportunities for the growth of the halal cosmetics market globally.
- The report offers an extensive analysis of segments, drivers, restraints, and trends related to the market in different countries.
- The report provides a detailed analysis of top impacting factors that affect the market growth.
- The report offers an insight in terms of strategies and product developments for the major operating players.
Halal Cosmetics Market Key Segmentation
By Product Type
- Personal Care Products
- Color Cosmetics
- Hair Care
- Skin Care
- Face Care
- Beauty Care
By Distribution Channel
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
- Amara Cosmetics
- Iba Halal Care
- Halal Cosmetics Company
- Clara Internation
- Wardah Cosmetics
- PHB Ethical Beauty
- Sampure Minerals
- One Pure
- Mena Cosmetics
- Martha Tilar Group
- MMA Bio Lab Sdn Bhd.
- Talent Cosmetics Ltd.
- Wipro Unza
- Brataco Group of Companies
- Ivy Beauty Corporation Sdn Bhd.
- Paragon Technology and Innovation