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Growing Adoption Of Halal Cosmetics And Personal Care Products To Result In A Specialized Market

The global halal cosmetics and personal care products market size is expected to expand at a high CAGR during the forecast period. Increase in sale of halal cosmetics contributing to the huge rise in the revenue share is likely to trigger the market growth throughout the forecast span. Additionally, the rise in health conscious consumers followed by growing disposable income in population is contributing to the market growth. 

Halal is an Islamic concept wherein a consumable product or any cosmetic application is made from wholesome ingredients and comes with no risk upon consumption. Halal law prescribes human wellness and behavior and prevents any food intake that impacts the process of betterment. Organic pharmaceuticals and cosmetic products are gaining a huge momentum owing to the rising demand from Muslim communities. For the non-Muslim consumers, halal products impart a huge significance due to ethical concerns and stringent quality assurance. The scrutiny for identifying organic ingredients has become increasingly complex, but with the technological progress in cosmetic manufacturing sector has quadrupled the production in the past few years.

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The drivers for halal cosmetics and personal care products market are rise in demand from women population for halal products in the Middle-East and Arabic countries. Religious interests have been the forerunners for production of halal products wherein animal fat is prohibited. Desire for good appearance and consumer interest in fashion and makeup have fueled the demand for halal products. Apart, other countries have also begun adopting organic cosmetics, mainly driven by consciousness for animal safety and environment. There have been major opportunities for international cosmetic companies to have untapped potential in the developed markets.

By region, the halal cosmetics and personal care products market has been segmented as North America, South America, Europe, Asia Pacific, Middle-East, and Africa. Europe is the leading region attributing to the rise in demand and significance of Muslim population. Environmental concerns and animal safety is also playing a significant role for enlarged demands. Government regulations for animal safety and demand for organic perfumes drives the regional growth.

The ‘attar’ trade has been in existence since long in the Middle-East and African regions. The overseas trade with markets in Asia Pacific such as Singapore and Malaysia have reported a triple rise in the last few years. Huge demand for ethanol in these regions supplements the demand. However, Muslim communities in these regions refrain from using alcohol on their skin and prefer non-alcoholic ingredients that are water based. For instance, apricot kernel, jojoba oil enable a natural fragrance when applied. In addition, these ingredients hold a huge significance in the non-alcoholic fragrance industry. Therefore, non-alcoholic fragrance industry develops as a specialized market in these regions driving a huge import and export business in the following years. 

Some of the key players in halal cosmetics and personal care products market are Martha Tilaar Group, Ivy Beauty, PT Paragon Technology and Innovation, Tanamera Tropical, Wipro Unza Holdings, Muslimah Manufacturing, Colgate Palmolive, and INIKA Cosmetics.
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