Halal Cosmetics Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Halal Cosmetics Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Halal Cosmetics Market

The Halal Cosmetics market size was valued at 42.39 billionin 2023, and the market is now projected to grow from 47.76 billion in 2024 to USD 115.03 billion by 2032, exhibiting a CAGR of 5.24% during the forecast period of 2023-2030.

COVID-19 has caused enormous supply chain disruptions international, most substantially all through 2020. Small-scale halal cosmetics manufacturers in emerging international locations together with India, Malaysia, and others challenged by way of rate fluctuations and monetary uncertainties because of the novel pandemic.

Halal-licensed merchandise are manufactured or sourced from oils, organic solvents, proteins, nutrients, plant botanical extracts, and antioxidants. They are synthetic the usage of a complex aggregate of a majority of these ingredients beneath halal requirements. Manufacturers intently monitor the goods to suit the halal grade. This results in Halal Cosmetics market growth.

The call for for natural and plant-based totally merchandise has risen step by step over the past few many years. Recent years have witnessed a heightened product call for global as purchasers grow to be an increasing number of aware about sustainable living practices and environmental problems related to non-halal cosmetics. A healthful lifestyle necessitates the usage of natural cosmetics and private care products.

Comprehensive Analysis of Halal Cosmetics Market

The Halal Cosmetics market is rising at an exponential charge due to its marketplace segmentation. The market is segmented into hair care, skin care,makeup, and others based on type. Based on distribution channel, the market covers non-store-based/online and store-based/offline.

Asia-Pacific has the largest Halal Cosmetics market share. Led via India and China, this area is developing at a vast price. India is one of the key Asian markets for halal-licensed cosmetics and homes many Muslims. Prospective manufacturers are anticipated to attention on expanding across other Asian markets, which includes Japan, in the coming years.

The top players in the market play a crucial role in the Halal Cosmetics industry assuring industrial prospectus growth and setting market standards. These players include, Flora & Noor (U.S.) Ivy Beauty Corporation Sdn Bhd (Malaysia), Iba Cosmetics (India), Talent Cosmetics (South Korea), Martha Tilaar Group (Indonesia), Clara International Beauty Group (Malaysia), Kao Corporation (Japan), Amara Halal Cosmetics (U.S.), INIKA Organic (Australia), and Elaheh Halal Cosmetics Inc. (U.S.).

In April 2023, NUME-Lab, a Swiss-based halal skincare emblem, announced its method to target South East Asian markets which includes Singapore, Malaysia, and Hong Kong. NUME-Lab makes a speciality of cleansers, face lotions (face care merchandise), night serums, and eye serums. The organisation plans on putting in place operations in those Asian international locations thru distributorships inside the close to time period.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 11.61% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Type

Skin Care

Hair Care

Makeup

Others

By Distribution Channel

Store-based/ Offline

Non-store-based/ Online

By Region

North America (By Type, Distribution Channel, and Country)

- U.S. (By Type)

- Canada (By Type)

- Mexico (By Type)

Europe (By Type, Distribution Channel, and Country)

- Germany (By Type)

- France (By Type)

- Italy (By Type)

- Spain (By Type)

- U.K. (By Type)

- Russia (By Type)

- Rest of Europe (By Type)

Asia Pacific (By Type, Distribution Channel, and Country)

- China (By Type)

- India (By Type)

- Japan (By Type)

- Australia (By Type)

- Rest of Asia Pacific (By Type)

South America (By Type, Distribution Channel, and Country)

- Brazil (By Type)

- Argentina (By Type)

- Rest of South America (By Type)

Middle East and Africa (By Type, Distribution Channel, and Country)

- UAE (By Type)

- South Africa (By Type)

- Rest of Middle East & Africa (By Type)


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