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.
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 (Skin Treatment, Skin Nourishment, Anti-Aging and Others) 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. Research Analyst at AMA predicts that Vendors from European 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).
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).
Brazilian cosmetics company Private Cosméticos got its products halal-certified. The certificate, which attests that the goods are made in compliance with Islamic rules and are fit for consumption by Muslims, was awarded in early February. The halal label applies to all of Private’s hair and skin cosmetics lines. It was bestowed by the Islamic Inspection Service (SIIL Halal) in Brazil, and it is valid to all Islamic markets. Arab countries have predominantly Muslim populations.
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.
Influencing Market Trend
- The Rising Trend In the Demand for Organic and Vegan Cosmetics
- Increasing Demand for Cosmetics in the Asia- Pacific Regions
- 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
- Increasing Awareness Regarding Halal Cosmetics in the Younger Generation
- Presence of a Large Muslim Population in the Gulf Countries Leading To High Awareness for Halal Cosmetic Products
- Growing Muslim Population And Rising Adoption Of Modern Lifestyle By The Muslim Community
- Regulations Related To the Use of Animal Products, Alcohol, and Fatty Acids in Cosmetics
- Lack of Awareness Regarding Usage of the Organic and Vegan Products
- Dominated and Monopolized By Non-Muslim Companies
- Maintaining the Authenticity and Integrity of the Products
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
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