The rapid growth of the Halal cosmetics and personal care market in non-Muslim countries offers enormous potential for the global Halal cosmetics and personal care market, even as Halal cosmetics are witnessing strong demand in regions with dense Muslim populations.
Analysts forecast that the global Halal cosmetics and personal care market will grow at a compound rate of 13.43% over the 2013-2018 period. One of the main market drivers reported is the growth of the Muslim population. Since Muslims are the primary consumers of these products, growth of the Muslim population increases consumption. The primary consumers of these products are the densely populated Muslim communities of the Asia-Pacific and MEA regions. Even so, a significant contribution is being witnessed from non-Muslim countries. Halal cosmetics and personal care products are now widely accepted by other groups, who regard them as safe, high-quality, and consistently produced with hygienic processes while maintaining product integrity throughout manufacturing. There is therefore enormous potential for growth in the global market over the forecast period, as acceptance and demand for these products is also increasing in developed Muslim countries.
In addition, the report notes that obtaining authoritative certification will be a major challenge hampering market growth. Certification issues are generally a concern for local markets focused on product exports, and these certification issues may cause many consumers to lose confidence in Halal products and stop buying them.
The report recognizes the following companies as key players in the global Halal cosmetics and personal care market: Amara Cosmetics Inc., IMED Lab Sdn Bhd, INIKA Cosmetics, and Martha Tilaar Group. Other vendors mentioned in the report are EL Asira, Muslimah Manufacturing Sdn Bhd, SAAF International, Samina Pure Makeup, Shiffa Dubai skin care LLC, Wardah Cosmetics, and Zuii Organic.