Global Halal Cosmetics Market 2023

Some companies in the halal cosmetics market include Amara Beauty and Prolab Cosmetics. Others include Halal Beauty Cosmetics and IBA Cosmetics. The market also includes INIKA Organic Australia and Saaf Skincare. And there's PHB Ethical Beauty Ltd.

A report about the Halal Cosmetics Global Market came out. Reportlinker.com announced it in New York on June 1, 2023. The report is available for viewing at https://www.reportlinker.com/p06464188/?utm_source=GNW. It features companies like Sampure Minerals, Wardah Cosmetics, and IVY Beauty Corporation. Also included were OnePure International Group Ltd., Talent Cosmetics, and INGLOT Cosmetics. Martha Tillar Group was also mentioned.

Halal cosmetics market will grow from $32.5 billion in 2022 to $37.38 billion in 2023, with a 15% CAGR. Russia-Ukraine war has disrupted the global economic recovery from COVID-19 pandemic. Economic sanctions, surge in commodity prices, and supply chain disruptions caused inflation across goods and services. Halal cosmetics market will reach $62.65 billion in 2027 with 13.8% CAGR.

The halal cosmetics market includes eyeshadow, foundation, nail polish, hygiene products, and fragrances. The market is based on the value of goods sold by the manufacturers or creators. These sales can be to other businesses or directly to customers.

In this market, the creators of goods also sell related services. These services add value to the goods.

Halal cosmetics follow Islamic law and exclude haram ingredients. They serve the same purposes as regular beauty products.

In 2022, Asia-Pacific won the prize for being the largest in the halal cosmetics market. Predictions suggest that North America will be the fastest to grow in the coming period.

The halal cosmetics report covers many regions such as Asia-Pacific and North America. Other regions include South America, Africa, and the Middle East.

There are four halal cosmetics types: skin care, hair care, makeup, and others. Keeping skin healthy, looking good, and feeling nice is called skin care.

These products are available in both offline and online stores. They cater to men, women, and unisex.

The halal cosmetic market will grow with more muslims. When more muslims come to a place, it is called an increase in Muslim population.

Lots more Muslims being born, coming here and converting means there's more of them. They want cosmetics that are halal, which matches their religion.

In April 2023, there could be over 2.01 billion Muslims in the world. This is what Prayer Times, the Indian Islamic organization, has estimated. By 2030, the Pew Research Centre says the global Muslim population will hit 2.2 billion. This growth is making the halal cosmetics market grow too.

In the halal cosmetic market, new products are a big trend. Big companies use technology to stay competitive.

A skincare brand called Flora and Noor launched halal skin care products last June. They're based in the United States and their products are vegan, cruelty-free, and halal. The skincare line consists of cleansers, toners, serums, moisturizers, and masks. They also have body products like body butter, scrubs, and bath bombs.

Halal skincare products don't contain any animal by-products or alcohol.

In November 2022, TSG Consumer Partners, LLC bought Huda Beauty. TSG is an American investment company that deals with consumer products. They didn't say how much they spent. The purchase makes TSG's collection of products better. Huda Beauty makes products that help women feel good about themselves.

Huda Beauty makes halal cosmetics. They are based in the UAE. Their products are popular.

This report covers several countries in the halal cosmetics market. They include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

Market value means the money businesses make from selling things. The things are sold in a specific place and time. The money can come from sales, giving things away, or getting money as a gift. The currency used is usually USD.

When we talk about revenues for a certain area, we mean the money made by businesses in that area. It doesn't matter where the products are actually made, just where the businesses are located. And we don't count money made from selling things to other businesses or as part of bigger products.

Want to know about the halal cosmetics market? Check out this new report! It has all the stats you need, like global market size and regional shares. It also shows the competitors and market segments of halal cosmetics. You can learn about the latest trends and opportunities too. So, if you're in the halal cosmetics industry, get the full report to see the current and future scenarios. Get it here: https://www.reportlinker.com/p06464188/?utm_source=GNW

ReportLinker is a market research tool. It has won awards. It finds and organizes industry data. You get access to all the research you need immediately. It's all in one place.