The global halal cosmetics market is anticipated to grow at a significant CAGR of 10.1% during the forecast period. One of the core factors that is fueling the market is the growing population of Muslims across the globe. Halal cosmetics have observed significant adoption among Muslim consumers owing to the increased demand for personal trending and grooming beauty products that follow religious loyalties. Most Muslims accept only halal products due to their strong religious beliefs that have expanded the halal cosmetics market prominently across the globe which is also projecting a great future potential for the market. As per the report of Countrymeters.info, in January 2022, Islam is the 2nd biggest religion per population with 24.9% of the total population across the globe. 

Impact of COVID-19 Pandemic on Global Halal Cosmetics Market

The COVID-19 pandemic had impacted the halal cosmetics market as it impacted the other cosmetics market. The nationwide lockdown across the globe impacted the supply chain and halted the production of products which declined the sales of products. Furthermore, the demand for halal cosmetics also declined among consumers as they were locked inside their homes. However, market players utilized the situation by creating opportunities for new product lines such as face creams, eye care, creams, and sanitizers as the pandemic had modified consumer demand for above-the-mask goods such as eye care, hand creams, face creams, and eye make-up, and others. As the situation normalized, the demand grew significantly for halal cosmetics in the market. 

Segmental Outlook 

The global halal cosmetics market is segmented based on the type and distribution channel. Based on the type, the market is segmented into skincare, haircare, color cosmetics, and fragrances. Based on the distribution channel, the market is sub-segmented into online and offline. The above-mentioned segments can be customized as per the requirements. Based on type, the skincare segment is expected to grow significantly in the market owing to the fact that skin is the most exposed and delicate part of the body, while based on distribution channels, the online segment is estimated to grow significantly during the forecast period attributing to the increasing smartphone penetration across the globe.  

Global Halal Cosmetics Market Share by Type, 2021 (%)

The Skincare Segment is Anticipated to Grow Significantly in the Global Halal Cosmetics Market

Based on type, the skincare segment is projected to grow significantly in the market during the forecast period since skincare is one of the most exposed and delicate parts of the body which requires extra care. The exposure causes skin to get a lot of dirt, bacteria, virus, sun radiations, and others which necessitate the importance of skincare. Skincare enhances health and beauty of the consumer which makes it more important to practice regularly.   

Regional Outlooks

The global halal cosmetics market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America).  The market can be analyzed for a particular region or country level as per the requirement. The Asia-Pacific is anticipated to hold the prominent share in the market followed by the rest of the world during the forecast period. 

Global Halal Cosmetics Market Growth, by Region 2022-2028

The Asia-Pacific Region is Anticipated to Hold a Prominent Share in the Global Halal Cosmetics Market

Based on region, Asia-Pacific is anticipated to hold a prominent share in the market during the forecast period owing to the presence of countries with the most Muslim population such as Indonesia, Pakistan, India, Bangladesh, and others. The region is highly populated by Muslims which has increased the demand for halal cosmetics over years. All these countries are emerging countries that are adopting more and more cosmetic beauty cultures. This has also added to the demand for halal cosmetics in the region. The market player is also very competitive in the region owing to the huge market potential in the region. For instance, in 2021, Dubai’s Mikyajy launched the Gulf Corp. Council’s first fully halal-certified cosmetics line.    

Market Players Outlook

The major companies serving the global halal cosmetics market include Clara International Beauty Group, Ecotrail Personal Care Pvt Ltd (Iba Halal Care), Fashion Valet Sdn Bhd (Duck Group), INIKA Organic, IVY Beauty Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in August 2019, Lion & Lion partnered with Safi, a halal skincare and beauty brand, aiming for strengthening Safi’s brand position and presence as a natural, halal, and tested skincare brand while highlighting its technological advancements in Indonesia.

The Report Covers

• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global halal cosmetics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.