Global Halal Cosmetics Market Report 2022

In 2022, the global Halal cosmetics market reached USD 54.16 billion.

Growth of the Muslim population, improved compliance with Halal certification, and the boom in the Halal market have driven the growth of the global Halal cosmetics market. In 2016, LAMEA held the largest market share, accounting for more than two-fifths of the market. As most companies adopted a work-from-home culture, demand for cosmetics declined during the pandemic.

According to a report released by Allied Market Research, the global Halal cosmetics market was valued at USD 23.17 billion in 2016, reaching an unprecedented USD 54.16 billion in 2022, a compound annual growth rate of 15.2% from 2016 to 2022.

The global Halal cosmetics market and the COVID-19 scenario:

The COVID-19 pandemic disrupted the supply chains and revenue streams of most industries.

As most companies adopted a work-from-home culture, demand for cosmetics declined during the pandemic.

However, as governments lifted lockdown rules, demand for Halal cosmetics is expected to rise in the near future, post-pandemic. The increase in vaccination of people worldwide may also play an important role in the rise of the global Halal cosmetics market.

The global Halal cosmetics market is segmented by product type, application and distribution channel. By product type, the market is divided into personal care products, color cosmetics and fragrances. In 2016, personal care products held the largest share, accounting for nearly two-fifths of the market. However, the fragrance sector is expected to have the highest compound annual growth rate, at 15.8%, during the forecast period. This indicates a structural change in demand across the segments of the global Halal cosmetics market.

By application, the market is divided into hair care, skin care, facial care and beauty care. In 2016, the hair care sector held the largest share, accounting for nearly one-third of the market. However, during the forecast period through 2022, the beauty care sector is expected to have the highest compound annual growth rate, at 16.7%.

The global Halal cosmetics market was analyzed across several regions, including North America, Europe, Asia-Pacific and LAMEA. In 2016, LAMEA held the largest market share, accounting for more than two-fifths of the market. Moreover, the region is expected to have the highest compound annual growth rate, at 15.7%, during the forecast period.

The global Halal cosmetics market report includes an in-depth analysis of major market players, such as Amara Cosmetics, Iba Halal Care, Halal Cosmetics Company, Clara International, Inika, Wardah Cosmetics, PHB Ethical Beauty, Sampure Minerals, One Pure, Mena Cosmetics and Saaf Skincare.

What does this mean for new entrants to the Halal cosmetics industry?

The report clearly shows that demand across the segments of the Halal cosmetics market is rising steadily. New entrants need to understand these changes in segment demand. They also need to take into account the growing demand in different geographic regions. Only then can they develop strategies to grow their business successfully.