Halal Cosmetic Products Market Size (2024 - 2029)

Halal Cosmetic Products Market Analysis

The Halal Cosmetic Products Market size is estimated at USD 91.5 billion in 2024, and is expected to reach USD 131.23 billion by 2029, growing at a CAGR of 7.48% during the forecast period (2024-2029).

The pandemic has created opportunities for new product lines such as creams, face creams, eye care, and sanitizers. The outbreak has modified consumer demand for above-the-mask products such as eye care, eye makeup, hand creams, face creams, and others. Most of the traditional markets across the globe are getting saturated. However, the Muslim community is developing fast-growing consumer products and segments worldwide. One of these most promising segments witnessing the fastest growth in recent years is the halal cosmetics products market. This segment offers a key growth opportunity for personal care and cosmetics manufacturers worldwide. For instance, in June 2021, the skin care company Flora & Noor introduced a line of halal skin care. The company offers body products like body butter, scrubs, and bath bombs, in addition to cleansers, toners, serums, moisturizers, and masks. Flora & Noor is available at floraandnoor.com, Walmart.com, Amazon, and Miiriya.

Color cosmetic products are growing at the fastest growth rate in the global halal cosmetic products market, attributable to the increasing number of young Muslim population associating their lifestyle and appearance with Islamic rules. In the range of halal cosmetics, regulations for cosmetics do not directly or indirectly affect the average user to participate in religious rituals. They are free from animal cruelty, caring for the environment, not harming one's body (eating natural formulations, organically grown products, and those free from pesticides or ingredients deemed harmful to the body), and fulfilling corporate social responsibility (which includes fair trade and no exploitation of workers).

Halal Cosmetic Products Industry Segmentation

Halal cosmetic products must not contain any of the following: alcohol, human parts, ingredients thereof, or animals prohibited for consumption by Muslims. The global halal cosmetic products market is segmented into product type, distribution channel, and geography. By product type, the market is segmented into skincare, haircare, color cosmetic, and fragrances. By distribution channel, the market is segmented into supermarkets/hypermarkets, specialty stores, convenience stores, online retail stores, and other distribution channels. The report analyzes emerging and established economies across the globe, comprising North America, Europe, Asia-Pacific, South America, and Middle East & Africa. For each segment, the market sizing and forecasts have been done based on value (in USD million).