According to our research report on global halal cosmetic market, “Rising Muslim population and growing trend of organic and vegan cosmetic product is increasing the consumer’s interest towards halal cosmetics.” High demand for halal cosmetics and beauty products stems from demographic of young and religious conscious Muslim Population. Moreover, growing concerns regarding animal-derived ingredients such as fat and gelatine in cosmetic products propelling the demand for halal cosmetics in both Muslim and non-Muslim consumers. The global halal cosmetics market size 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. The market is expected to grow significantly over the forecast period owing to rising Muslim population and popularity of halal cosmetics. Halal cosmetics market report is segmented based on products and by distribution channel. Distribution channel is further bifurcated into online and offline channel. Online distribution channel accounted for major revenue share in halal cosmetics market. More than 50% of halal cosmetics were sold through online channels, in which more than 70% customers were female. Asia-pacific regions are leading markets for the online shopping portals. Online shopping trends declining the sales through offline mode but still a very big market share goes to the offline mode only. Supermarkets, pharmacies and branded showrooms are still people's choice to buy halal cosmetics.
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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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