The Halal Cosmetics Market is projected to reach USD 42.65 billion in 2023 and grow to USD 127.8 billion by 2033, with demand expected to expand at a CAGR of 11.6% from 2023 to 2033.
- Global Demand Surge: The demand for halal cosmetics is experiencing significant growth worldwide, especially in regions with large Muslim populations such as the United Arab Emirates, Indonesia, Malaysia, Saudi Arabia, and Turkey.
- Market Expansion: The halal cosmetics market is expanding its product range to meet the needs of the broader cosmetics market while aligning with the preferences of Muslim consumers.
- Safety and Transparency: With increasing focus on safe and clear product labeling, the halal-certified cosmetics industry is set for strong growth, offering attractive opportunities for new market entrants.
In recent years, the demand for halal cosmetics has surged globally as consumers become more aware of eco-friendly lifestyles and the concerns associated with non-halal products. As natural personal care products play a key role in promoting healthy living, the adoption of halal cosmetics is expected to rise.
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:
As the Muslim population grows, global companies such as L’Oreal, Unilever, and P&G see opportunities to enter the halal cosmetics market to meet increasing demand. The market is primarily dominated by three key players: Iba Cosmetics, Ivy Beauty Corporation Sdn Bhd, and Kao Corporation. To stay competitive, leading firms are heavily investing in research, development, and product innovation. Major corporations are also focusing on market penetration through omnichannel distribution strategies to expand their market presence. In addition, they are enhancing their online and social media engagement while ramping up promotional activities to educate consumers on the availability and benefits of halal-certified cosmetics.
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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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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