What is Halal Cosmetics Market Scope?
Halal cosmetics were introduced particularly by keeping the Muslim community in mind as this community is very much conserved about the sharia law which prohibits consumption and application of various things like alcohol, pig fats, and chemicals which are commonly found in cosmetic products. Halal cosmetics do not contain any kind of alcohol, petrochemicals, fatty acids, and ingredients that are obtained from animals like a pig. The basic idea behind this market is that wants to provide clean products without using the ingredients that the Islamic community won’t accept. Halal cosmetics don’t include ingredients derived from animals, genetically modified organisms (GMOs) that are affirmed as unclean according to Islamic law. Neither do they contain alcohol which has several negative effects on the skin? These beauty/personal care products are Vegan and Cruelty-Free at the same time. They are enriched with the goodness of powerful actives and proven natural ingredients. It is a holistic approach ensuring the safety of the users as well as the environment. Halal is the ultimate stamp of purity and safety guaranteeing superior quality products. Halal is an Arabic term meaning ‘lawful or permissible. It not only encompasses food and drink but all matters of daily life. According to Islamic law, the consumption of pork, alcohol, and blood is prohibited. Products that contain any of these ingredients are considered to be ‘Haram’ or forbidden. Moreover, the source of the product should also be known before consumption. Muslims need to ensure that the source isn’t questionable and there shouldn’t be the ambiguity of any sort. Foods, as well as non-food items like cosmetics and pharmaceuticals, contain animal by-products or other ingredients that are not permissible for Muslims to eat or use on their bodies.
Influencing Trend:
The Rising Trend In the Demand for Organic and Vegan Cosmetics and Increasing Demand for Cosmetics in the Asia- Pacific Regions
Market Growth Drivers:
The Rising Demand from the End-Users, A Rise in the Non-Muslim Population Is Shifting Towards Halal Beauty Products., The Growing Online Market, Including E-Commerce and Social Media Platforms, Is Driving the Halal Cosmetics Market and Increasing Awareness Regarding Halal Cosmetics in the Younger Generation
Challenges:
Dominated and Monopolized By Non-Muslim Companies and Maintaining the Authenticity and Integrity of the Products
Restraints:
Regulations Related To the Use of Animal Products, Alcohol, and Fatty Acids in Cosmetics and Lack of Awareness Regarding Usage of the Organic and Vegan Products
Opportunities:
Presence of a Large Muslim Population in the Gulf Countries Leading To High Awareness for Halal Cosmetic Products and Growing Muslim Population And Rising Adoption Of Modern Lifestyle By The Muslim Community
The Halal Cosmetics market study is being classified by Type (Personal Care Products [Skin Care, Hair Care, Fragrances, Others] and Colour Cosmetics [Face, Eyes, Lips, Nails]), by Application and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Halal Cosmetics market throughout the predicted period.
Amara cosmetics (United States), Pure Halal Cosmetics (United Kingdom), SAAF Cosmetics (United Kingdom), Sampure Minerals (United Kingdom), Inika Cosmetics (Australia), Martha Tilar Group (Indonesia), One Pure (United States), Ivy Beauty (Malaysia), The Halal Cosmetics company (United Kingdom), Clara International (Malaysia), MMA bio lab (India) and Brazilian Cosmeticos (Brazil) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are INGLOT (Poland), Jataine (France) and Le Wangi De Wangi (Malaysia).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Halal Cosmetics market by Type, Application and Region.
On the basis of geography, the market of Halal Cosmetics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In In December 2021, The dUCK Group expanded its presence across Singapore by opening its new retail cosmetic store. The store is located a 1,800 square feet in Haji Lane, Singapore. The store retails its exclusive, newly launched collection and limited edition pieces in the store
In August 2019, Brand-new Halal Cosmetics Zone launching a brand-new Halal Cosmetics Zone for 2019. The new show area aims to provide R&D professionals with a dedicated area that allows them to discover high-performance ingredients, materials and technologies for new formulations that are halal-certified: free of alcohol, animal fats and harsh chemicals.
For Indonesia, to meet the growing demand for halal cosmetics, companies entering the Indonesian market will have to comply with Indonesian law no. 33/2014. and For Malaysia, the countries that wish to enter the Malaysian market have to present a halal certificate from a recognized Foreign Halal Certification Body (FCB) to JAKIM for verification. The list of valid FHCB is available on the website of JAKIM. Halal certificates issued by JAKIM are valid for two years and have to be reviewed again once they expire.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Halal Cosmetics, Suppliers and Distributors of Halal Cosmetics, Venture Capitalists and Private Equity Firms and End-Use Industry
Halal Cosmetics Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Halal Cosmetics Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Halal Cosmetics industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.