NEW YORK ,
July 2,
2024 /PRNewswire/ -- The global halal cosmetics and
personal care market size is estimated to grow by USD 19.06 billion from 2024-2028, according
to Technavio. The market is estimated to grow at a CAGR of
over 4.76% during the forecast period. Growing interest
in personal grooming is driving market growth, with a
trend towards growing online retailing of halal cosmetics and
personal care products. However, increase in production cost
poses a challenge. Key market players include Amara Beauty,
Clara International Beauty Group, Claudia Nour Cosmetics, Ecotrail
Personal Care Pvt. Ltd., Halal Beauty Inc., INGLOT Cosmetics, INIKA
Organic, Ivy Beauty Corp. Sdn Bhd, LENA BEAUTY Ltd., Martha Tilaar
group, Nurraysa Global Sdn Bhd, OnePure LLC, PHB Ethical Beauty
Ltd., PT Martina Berto Tbk, PT Paragon Technology and Innovation,
Saaf Beauty, SAFI, Sampure Minerals, SO.LEK Cosmetics, and Talent
Cosmetics Co. Ltd..
Get a detailed analysis on regions, market segments, customer
landscape, and companies- View the snapshot of this
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Halal Cosmetics And
Personal Care Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
4.76%
|
Market growth
2024-2028
|
USD 19060.3
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
4.46
|
Regional
analysis
|
APAC, Middle East and
Africa, Europe, North America, and South America
|
Performing market
contribution
|
APAC at 43%
|
Key
countries
|
Indonesia, Turkey,
Saudi Arabia, Iran, and India
|
Key companies
profiled
|
Amara Beauty, Clara
International Beauty Group, Claudia Nour Cosmetics, Ecotrail
Personal Care Pvt. Ltd., Halal Beauty Inc., INGLOT Cosmetics, INIKA
Organic, Ivy Beauty Corp. Sdn Bhd, LENA BEAUTY Ltd., Martha Tilaar
group, Nurraysa Global Sdn Bhd, OnePure LLC, PHB Ethical Beauty
Ltd., PT Martina Berto Tbk, PT Paragon Technology and Innovation,
Saaf Beauty, SAFI, Sampure Minerals, SO.LEK Cosmetics, and Talent
Cosmetics Co. Ltd.
|
Market Driver
The Halal cosmetics and personal care market have experienced
substantial growth due to the increasing popularity of online
retailing. This trend is driven by the widespread use of the
Internet and smart gadgets, enabling customers to shop conveniently
from home. Online shopping offers benefits such as
cash-on-delivery, a wide product range, free home delivery, and
discounts. Omnichannel retailing, which combines online and offline
channels, is also gaining traction. The COVID-19 pandemic and the
rise of global D2C e-commerce players have further fueled market
growth. Vendors can save on operating costs and reach a larger
customer base through online distribution.
The Halal cosmetics and personal care market is experiencing
significant growth, with a rising demand for certified products.
Producuts include skincare, makeup, and personal hygiene items. Key
trends include the use of natural ingredients and the
implementation of ethical production processes. Rules and
regulations ensure the compliance with Islamic law. Companies focus
on producing high-quality, affordable, and accessible options for
consumers. The market is global, with manufacturers in various
regions supplying products to a diverse customer base. Consumers
seek out brands that prioritize transparency and authenticity. The
future of this market looks promising, with continued innovation
and expansion expected.
Research report provides comprehensive data on impact of trend.
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Market Challenges
- In the Halal cosmetics and personal care market, natural
ingredients and costly certifications lead to increased production
expenses. Farm-raised ingredients and halal certifications are
prioritized over cheaper alternatives, resulting in higher prices
for consumers. These factors necessitate substantial investment
from vendors.
- The Halal cosmetics and personal care market face several
challenges. Production processes must adhere to strict Islamic
laws, ensuring all ingredients are halal-certified. Regulations
vary by country, making it complex to maintain compliance. Sourcing
raw materials can be difficult due to limited availability and high
costs. Marketing and distribution are also challenges, as consumer
education and awareness about halal certification is essential.
Additionally, counterfeit products pose a threat to the industry's
reputation. Producers must invest in robust supply chain management
and quality control systems to mitigate these risks. Despite these
challenges, the halal cosmetics and personal care market continues
to grow, driven by increasing consumer demand for ethical and
authentic products.
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challenges - Request a sample report!
Segment Overview
This halal cosmetics and personal care market report extensively
covers market segmentation by
- Product
- 1.1 Halal color cosmetics
- 1.2 Other halal BPC products
- Distribution Channel
- Geography
- 3.1 APAC
- 3.2 Middle East and
Africa
- 3.3 Europe
- 3.4 North America
- 3.5 South America
1.1 Halal color cosmetics- The Halal cosmetics
and personal care market is a significant and growing sector. It
caters to consumers who adhere to Islamic dietary laws and seek
cosmetic products that align with their beliefs. Brands in this
market ensure all ingredients and production processes meet Halal
standards. This market's expansion is driven by increasing consumer
awareness and demand for authentic, ethically-sourced products.
Companies investing in Halal cosmetics can tap into a diverse and
loyal customer base.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Learn and explore more about Technavio's in-depth research
reports
The global professional skincare market is experiencing robust
growth, driven by increasing consumer awareness about skin health
and rising demand for anti-aging products. Innovations in skincare
formulations and a surge in beauty clinics and spas are also
contributing factors. Meanwhile, the global baby diapers market is
expanding rapidly due to higher birth rates, improved product
features, and growing disposable incomes. Advances in diaper
technology, such as enhanced absorbency and skin-friendly
materials, are boosting market demand. Both sectors offer promising
opportunities for businesses aiming to capitalize on evolving
consumer preferences and technological advancements.
Research Analysis
The Halal cosmetics and personal care market cater to the Muslim
population, prioritizing chemical-free and natural ingredients in
their innovation activities. Halal-certified products adhere to
strict standards, ensuring compliance with Islamic Rules. Supply
chain disruptions are a challenge, necessitating robust logistics
solutions. Vegan products are also gaining popularity in this
market, aligning with ethical and environmental concerns. The Halal
certification processes involve rigorous inspections for Skincare,
Haircare, Makeup, Fragrances, and Color Cosmetic Products. Ecotrail
Personal Care, a leading player in this sector, offers a wide range
of Halal-certified items, addressing the diverse needs of the
Muslim Community.
Market Research Overview
The Halal Cosmetics and Personal Care Market refer to the
segment of the industry that produces and distributes cosmetic and
personal care products in compliance with Islamic law. These
products are free from alcohol, pork derivatives, and other
ingredients prohibited in Islam. The market is growing due to the
increasing awareness and demand for Halal certified products among
Muslim consumers worldwide. The market caters to various product
categories such as skincare, makeup, hair care, and fragrances. The
demand for Halal cosmetics and personal care is driven by the
expanding Muslim population and their preference for ethically
produced and certified products. The market is also witnessing
innovation with the introduction of new product offerings and
packaging designs that cater to the cultural sensitivities of
Muslim consumers. The Halal certification process ensures the
authenticity and quality of these products, making them a preferred
choice for consumers who value ethical and religious considerations
in their purchasing decisions.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Halal Color Cosmetics
- Other Halal BPC Products
- Distribution Channel
-
- Geography
-
- APAC
- Middle East And Africa
- Europe
- North America
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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