How Has the Halal Cosmetics Market Size Evolved in Recent Years?
The halal cosmetics market has seen considerable growth due to a variety of factors.
• The expansion of the halal cosmetics market has been swift and robust in the past few years. The market size is projected to increase from its $41.38 billion value in 2024 to $47.14 billion in 2025, marking a compound annual growth rate (CAGR) of 13.9%.
Factors such as a growing Muslim population, heightening awareness about halal procedures, cultural and religious considerations, globalisation, and trans-cultural impact, as well as responsible consumption, have all contributed to the historical growth.
How Will the Halal Cosmetics Market Size Evolve over the Forecast Period?
The halal cosmetics market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for halal cosmetics is projected to experience swift expansion in the coming years. The valuation is predicted to reach $82.37 billion by 2029, growing at a compound annual growth rate (CAGR) of 15.0%.
This growth in the projection period can be owed to factors like the increasing middle-class Muslim consumers, the popularity of natural and organic items, wide-reaching marketing approaches, sustainability and environmentally conscious methods, and worldwide halal certification standards. Key trends during the forecast period may include certification transparency, the surge of e-commerce, utilization of clean and natural components, advancement in product creation, and customization and personalization.
Which Drivers Are Accelerating Growth In The Halal Cosmetics Market?
The upward trend in the Muslim population is anticipated to stimulate the expansion of the halal cosmetic market in the future. The phrase "upward trend in the Muslim population" signifies a rise in the quantity of Muslims in a specific area, nation, or globally. This growth could be attributed to various factors such as increased birth rates in Muslim families, immigration of Muslims from different countries, and individuals embracing Islam. With the expansion of the Muslim population, there is a growing need for halal cosmetics, as more and more Muslim consumers are looking for products that comply with their faith. For example, data from Prayer Times, an Islamic organization of Indian origin, predicted that there will be over 2.01 billion Muslims worldwide by April 2023. The Pew Research Centre also predicts that by 2030, the global Muslim population will hit 2.2 billion. Thus, the increasing Muslim populace is indeed contributing significantly to the growth of the halal cosmetics market in the future.
What Key Areas Define The Segmentation Of The Global Halal Cosmetics Market?
The halal cosmetics market covered in this report is segmented –
1) By Type: Skin Care, Hair Care, Makeup, Others
2) By Distribution Channel: Offline, Online
3) By End User: Men, Women, Unisex
Subsegments:
1) By Skin Care: Moisturizers, Cleansers, Sunscreen, Face Masks, Serums
2) By Hair Care: Shampoos, Conditioners, Hair Oils, Hair Masks, Styling Products
3) By Makeup: Foundation, Lipstick, Eyeliner, Mascara, Blush
4) By Others: Fragrances, Deodorants, Personal Care
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How Are Emerging Trends Reshaping The Dynamics Of The Halal Cosmetics Market?
Prominent businesses in the halal cosmetics sector, like Believe Pte Ltd, are enhancing their presence in the burgeoning clean beauty industry through tactical investments, namely, the investment in IBA Cosmetics. The venture into IBA Cosmetics by Believe Pte Ltd is aimed at bolstering its distribution channels, broadening its product variety, and growing both domestically and internationally. In line with this, in November 2022, Believe Pte Ltd, a Singaporean firm providing market-ready solutions, revealed a $10 million investment in IBE Cosmetics, an Indian brand offering Halal-certified, PETA-approved personal care and vegan cosmetic products. This partnership between two like-minded entities predominantly markets its product online on their website and on platforms including Purplle, Amazon, Nykaa, Flipkart, and Bigbasket.
Who Are the Key Players in the Halal Cosmetics Market?
Major companies operating in the halal cosmetics market include:
• INGLOT Cosmetics
• J.L. Morison (India) Ltd.
• Clara International Beauty Group
• Prolab Cosmetics
• IVY Beauty Corporation
• PHB Ethical Beauty Ltd.
• Amara Beauty
• INIKA Organic Australia
• Martha Tillar Group
• The dUCk Group Sdn Bhd
• Honeybee Gardens LLC
• IBA Cosmetics
• Ecotrail Personal Care Sdn Bhd
• Sampure Minerals
• Maryaj Perfumes Pvt Ltd.
• Saaf Skincare
• Wardah Cosmetics
• OnePure International Group Ltd.
• Talent Cosmetics
• Pure Halal Beauty LLC
• Flora & Noor Cosmetics LLC
• Mikyajy Kosmetik Sdn Bhd
• Muslimah Manufacturing Sdn Bhd
• SirehEmas Global Sdn Bhd
• Amsons Laboratories Pvt Ltd.
• The Halal Cosmetics Company Ltd.
• T'ZIKAL Beauty Sdn Bhd
• Amreen Cosmetics Pvt Ltd.
• Halal Beauty Cosmetics
What Is The Most Dominant Region In The Halal Cosmetics Market?
Asia-Pacific was the largest region in the halal cosmetics market in 2024. North America is expected to be the fastest-growing region in the global halal cosmetics market report during the forecast period. The regions covered in the halal cosmetics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
