Halal Cosmetics and Personal Care market size set to grow by $17.89 bn
The Halal Cosmetics and Personal Care market has experienced significant growth due to the increasing demand for Halal-certified products among the Muslim population.
New York: The global Halal Cosmetics and Personalcare market size is estimated to grow by US$ 17,897.92 mn from 2023 to 2027, according to Technavio.
The market is estimated to grow at a CAGR of over 4.67% during the forecast period. APAC held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 43%.
Halal Certified Products: Key Market Driving Force
The Halal Cosmetics and Personal Care market has experienced significant growth due to the increasing demand for Halal-certified products among the Muslim population.
With focus on adhering to Islamic Rules, Halal consmetic manufacturers are sourcing ingredients from reliable suppliers and engaging in innovation activities to create standardized halal certification processes.
Islamic organizations play a crucial role in providing regulatory support and ensuring the traceability of natural, plant-based, and vegan products.
Mainstream retail channels and online platforms are expanding their offerings, making Halal cosmetics and skincare products more accessible. Makeup and skincare categories, including color cosmetic products, fragrances, and hair care products, are gaining popularity. However, regulatory complexities and supply chain disruptions pose challenges.
Education campaigns and collaborations with Halal certification bodies and halal beauty influencers are essential in raising awareness about the importance of Halal standards and sustainable living habits.
The Halal Cosmtic and Personalcare industry is also addressing environmental challenges by promoting eco-friendly and chemical-free alternatives.
"Despite these efforts, counterfeit products remain a concern, necessitating stricter regulatory measures and increased transparency. E-commerce platforms are playing a vital role in making Halal Cosmetics and Personal Care products more accessible to consumers", Technavio, a technology research and advisory company, said.
Challenges and Opportunities
The Halal Cosmetics and Personal Care market cater to the Muslim population's growing demand for Halal-certified products. Vendors focus on sourcing natural, farm-raised ingredients and plant-based, chemical-free alternatives, resulting in higher production costs and prices.
Halal certification, a complex and costly process involving Islamic organizations and rules, adds to these expenses. Innovation activities, such as standardized halal certification and sustainable living habits, help differentiate the industry from mainstream retail channels.
Makeup and skincare products, including vegan and fragrance options, are popular categories. Regulatory support and traceability are crucial to mitigate regulatory complexities and supply chain disruptions.
Online platforms and e-commerce have emerged as significant distribution channels, while education campaigns and influencer collaborations promote awareness.
The Halal cosmetics industry faces environmental challenges, requiring regulatory support and innovation to ensure ecofriendly practices. Counterfeit products pose a threat, necessitating regulatory oversight and consumer education.
"The Halal cosmetics and personal care market have experienced remarkable growth due to the increasing preference for online shopping among the Muslim population", the report said.
Halal-certified products, adhering to Islamic Rules, are in high demand. Ingredient sourcing is crucial, with a focus on natural, plant-based, and chemical-free ingredients. Innovation activities include the development of vegan and standardized halal certification processes.
"Islamic organizations play a vital role in regulatory support and certification bodies. Mainstream retail channels and online platforms, such as e-commerce and Ecotrail Personal Care, offer a wide range of Halal makeup, skincare, haircare, fragrances, and other products", the report said.
Regulatory complexities and supply chain disruptions necessitate education campaigns and regulatory support. Sustainable living habits and traceability are essential considerations.
"The industry faces challenges in addressing environmental concerns and combating counterfeit products. Halal certification bodies and influencers promote transparency and trust in the Halal cosmetics industry", the report said.
Halal Comsmetic Market: Major Players
Various companies are capitalizing on this growing trend by implementing strategic measures such as alliances, partnerships, mergers, and acquisitions. Among the notable players in the cheese based snacks market are:
Amara Beauty, Clara International Beauty Group, Claudia Nour Cosmetics, Ecotrail Personal Care Pvt Ltd, Halal Beauty Inc, INGLOT Cosmetics, INIKA Organic, Ivy Beauty Corp Sdn Bhd, LENA BEAUTY Ltd, Martha Tilaar group, Nurraysa Global Sdn Bhd, OnePure LLC, PHB Ethical Beauty Ltd, PT Martina Berto Tbk, PT Paragon Technology and Innovation, Saaf Beauty, SAFI, Sampure Minerals, SO.LEK Cosmetics, Talent Cosmetics Co Ltd.
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