Daily Blogger News Stay updated with the latest trends and insights. Your reliable source for daily updates and information.
Halal Cosmetics Market Outlook: Trends, Growth, and Future Prospects
The Global Halal Cosmetics Market is set to experience remarkable growth, expected to reach $94.20 billion by 2030 from $40.17 billion in 2023. According to Renub Research, the market is projected to expand at a compound annual growth rate (CAGR) of 12.95% from 2024 to 2030. Halal cosmetics align with Islamic principles, adhering to strict guidelines that exclude ingredients like alcohol and animal derivatives such as pork. These products offer cruelty-free, ethically sourced options for consumers who prioritize religious, ethical, and health considerations.
The demand for halal cosmetics is surging, particularly among Muslim women in professional fields, where beauty and self-care trends are expanding. Halal cosmetics include a range of personal care products, such as skincare, lip balms, lotions, and creams, catering to diverse consumer needs. With multinational companies like L’Oréal, Unilever, and Procter & Gamble entering this market, the halal cosmetics industry is attracting significant interest and investment. However, high production costs and certification standards pose challenges to its growth.
Key Trends in the Halal Cosmetics Market
- Digital Transformation and E-commerce
As smartphone usage and internet connectivity expand, consumers increasingly turn to online shopping for halal cosmetics, making these products more accessible worldwide. This trend provides growth opportunities for halal brands to cater to an expanding global Muslim consumer base. - Regional Demand and Youth Influence
The growing interest in beauty and makeup among young populations, particularly in Muslim-majority regions like Saudi Arabia, UAE, Malaysia, and Indonesia, drives the demand for halal-certified cosmetics. As consumer awareness and interest in halal products increase, companies are exploring new channels to serve this market effectively. - Personal Care Products Lead the Market
Halal-certified personal care items are popular among both Muslim and non-Muslim consumers, emphasizing skin-friendly ingredients. Personal care items, from skincare to body care, hold the largest market share, underscoring a trend toward clean beauty and ethical product sourcing. - Skincare as a Market Leader
Within halal cosmetics, the skincare segment leads in revenue, reflecting a growing demand for conscious beauty choices. With consumers seeking products that align with ethical values, halal-certified skincare drives innovation within the industry. - Distribution Channels Expanding Reach
Supermarkets, hypermarkets, and specialty stores are essential for reaching halal cosmetics consumers. Major retailers increase visibility and accessibility, with online platforms further broadening market reach and driving global sales.
Key Market Players in the Halal Cosmetics Industry
Prominent companies in the halal cosmetics sector include Estee Lauder, L’Oréal, and S&J International Enterprises. These brands are leveraging ethical beauty trends to expand their offerings in halal-certified products. Key developments include:
- Estee Lauder and L’Oréal have invested significantly in halal-certified product lines, recognizing the growth potential within the global Muslim demographic.
- Wardah Cosmetics and Sampure Minerals are established halal brands, continually innovating to cater to consumers seeking ethical, cruelty-free beauty products.
Related Report :
United States Desalination Market
Ready to Drink Tea and Coffee Market
Market Segmentation
- Product Type: Color Cosmetics, Personal Care, Fragrances
- Applications: Hair, Skin, Face, and Beauty Care
- Distribution Channels: Hypermarkets & Supermarkets, Online Stores, Convenience Stores, Specialty Stores
- Regions: North America, Europe, Asia, MEA, Rest of the World
Regional Market Highlights
- Indonesia: Dominates the halal cosmetics market due to a high Muslim population and increasing consumer spending on beauty.
- Middle East and Asia: Show robust demand, driven by cultural alignment with halal standards and rising disposable income.
About Renub Research
Renub Research is a leading Market Research and Consulting firm with over 14 years of expertise in business-to-business research, offering insights across various sectors, including cosmetics, healthcare, IT, and consumer goods. Our diverse clientele includes major players in markets worldwide.
Contact Us
Renub Research
Phone: +1-478-202-3244 | +91-120-421-9822 (IND)
Email: info@renub.com
LinkedIn
