The global halal cosmetics market—valued at $40.17 billion in 2023—is expected to grow at a CAGR of 12.95% from 2024 to 2032 with an anticipated valuation of $94.20 billion by 2030, per a recent report from Research and Markets.
Muslim and non-Muslim clients globally seek halal cosmetics that adhere to Islamic law. According to analysts, Muslim purchasers prioritize these products due to ingredient popularity and desire items that align with religious ideals. Non-Muslims additionally favor halal cosmetics for their perceived safety, ethical sourcing, and environmentally pleasant practices. As the halal market expands into cosmetics, manufacturers offer various alternatives, highlighting the importance of inclusivity and cultural sensitivity in the cosmetics industry, analysts say.
Demographics Fuel Halal-Licensed Merchandise
The worldwide halal cosmetics market is prospering due to the increasing Muslim populace. Islam, with over 2 billion followers, per the World Population Review, is projected to outnumber Christians by 2050. This demographic shift fuels the need for halal-licensed merchandise, including cosmetics, as Muslim clients prioritize aligning their lifestyle alternatives with religious ideals. Consequently, beauty brands cater to this growing market segment by offering a range of halal-certified merchandise to meet Muslim customers’ evolving needs and preferences worldwide, per the firm.
Analysts say the global halal cosmetics market is poised to increase as clients express concern for animal welfare and living rights. With a growing demand for cruelty-free and ethical beauty products, halal cosmetics – which adhere to Islamic concepts emphasizing compassion for all living beings – are gaining recognition. This trend displays a broader shift toward aware consumerism, propelling the market’s enlargement.
Rise of Online Sales Channel for Halal Cosmetics
The online sales channel is propelling the global halal cosmetics market’s growth, capitalizing on digitalization’s effect on purchaser behavior, analysts say. This shift towards online purchasing reportedly offers comfort and accessibility, mainly within the halal cosmetics area. Online systems enable a broader market reach, concentrating on Muslim clients searching for religiously aligned merchandise and non-Muslim consumers interested in ethical beauty alternatives. Online channels facilitate brand engagement and loyalty via personalized experiences and strategic influencer collaborations.
The color cosmetics segment is an essential segment in the global halal cosmetics industry. Color cosmetics refer to makeup products used on the face, eyes, lips, and nails. It is one of the quickest-developing segments in the global halal cosmetics market, per analysts. There is reportedly a developing choice for halal-compliant color cosmetics as more people become aware of the advantages of halal-certified beauty merchandise. These cosmetics offer exquisite pigmentation and the latest shades that cater to diverse cultural possibilities.
Asia-Pacific Halal Cosmetics Market
The Asia-Pacific region is leading in the global halal cosmetics market. Significant Muslim populations in Indonesia, Malaysia, and India propel this growth, per Research and Markets. According to the World Population Review, Indonesia has the highest number of Muslims worldwide, with a predicted 231 million, constituting 86.7% of its population and nearly 13% of the worldwide Muslim population. This demographic creates a strong demand for halal-licensed cosmetics.
Increasing customer cognizance of product ingredients and ethical sourcing is also propelling the market. This – according to analysts – aligns with Islamic guidance on manufacturing. Merging vegan beauty traits with halal concepts and advocating for cruelty-free and animal-derived component-free products also broadens market appeal to a broader audience. For example, in April 2023, the Indian splendor emblem of Saba Personal Care aimed to capitalize on this trend by presenting halal and vegan products. This is expanding its purchaser base beyond Muslims and competing with multinational agencies that have not begun to tap into those categories, analysts say.
Related