Recent development in cosmetic industry and halal cosmetic market trends shows that, a large consumer base from Islamic countries is adopting halal cosmetics due the their ethics towards Halal purity. Halal cosmetic market forecast is attracting cosmetic industry market players to add halal cosmetics in their product portfolio in order to boost their revenue un Islamic countries. The global halal cosmetics market is accounted for roughly USD 12.6 billion in 2016 and expected to expand at compound annual growth rate of 6.8% over the forecast period i.e. 2016-2024. Further, the market is anticipated to surpass USD 21.4 billion by the end of 2024.Asia-Pacific region is the major contributor to the global halal cosmetics market and expected to dominate the market over the forecast period. The presence of large Muslim population countries such as Indonesia, Pakistan, Bangladesh, Malaysia and India among others with high disposable income of consumers such as China and Singapore will be the major factors impelling the growth of halal cosmetics market in APAC region. Malaysia and Indonesia together accounted for more than 60% share of the Asia-pacific revenue in 2016.

Consumer Power: Social Risk

Muslim consumers are not only important because they are the major consumers of halal cosmetics product but also because of their power not to buy. Boycotting consumer products are not new for the Muslim countries. For example, the companies who are in support of Israel are often targeted by the different Muslim activist groups, which many times resulted in boycotting of their products and services. In short, Islamic sentiments should be kept in mind before serving the Muslim consumers.
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Market Segmentation
• By Product Types
o Beauty care
o Hair care
o Makeup
o Fragrances
• By Distribution Channels
o Online Channel
o Offline Channels (Beauty Specialty Stores Etc.)
• By Geography
o North America (US, Canada)
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe)
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa)
o Latin America (Brazil, Mexico and Rest of Latin America)
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific)
o Rest of the World

“Global Halal Cosmetics Market Outlook 2024” contains detailed overview of the global halal cosmetics market in terms of market segmentation by product type and by distribution channel.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global Halal Cosmetics Market report also provides competitive outlook of some of the major players which includes profiling of companies such as Amara Cosmetics, Pure Halal Beauty, SAAF International, Samina Pure Makeup, Inika Cosmetics, Martha Tilar Group, One Pure, Ivy Beauty, MMA Biolab, The Halal Cosmetics company, Clara International etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents comprehensive synopsis on the global halal cosmetics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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