Halal Cosmetics Market Expected to Generate 4,816.10 Million by 2031, Growing At a CAGR of 15.2% From 2022 to 2031

Halal Cosmetics Market Expected to Generate $144,816.10 Million by 2031, Growing At a CAGR of 15.2% From 2022 to 2031

Halal Cosmetics Market

Personal care products held the major share in the market accounting near 37.4% of the total halal cosmetics market.

Rise in Muslim population, increase in disposable income, and mandatory halal certification to ensure the authenticity of the halal cosmetic products are major drivers of the halal cosmetics market.”

— Roshan Deshmukh

5933 NE WIN SIVERS DRIVE, PORTLAND, OR, UNITED STATES, May 23, 2023 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled, “Halal Cosmetics Market by Product Type (Personal Care Products, Color Cosmetics, Fragrances), by Application (Hair Care, Skin Care, Face Care, Beauty Care), by Distribution Channel (Offline, Online): Global Opportunity Analysis and Industry Forecast, 2020-2031″. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends. The halal cosmetics market size was valued at $30,685.40 million in 2020, and is estimated to reach $144,816.10 million by 2031, growing at a CAGR of 15.2% from 2022 to 2031.

Get Free Report Sample PDF: https://www.alliedmarketresearch.com/request-sample/2138

The global halal cosmetics market is driven by rise in Muslim population globally and booming halal market, which has now extended its product base to meet the growing personal & beauty care needs of Muslim population. Halal certification enables Muslim population to identify the genuine products, thereby obeying the virtues of their religion, thereby fueling the growth of the global halal cosmetics market.

According to the global halal cosmetics market analysis, the market is divided by product type, application, distribution channel, and geographical division. By product type, it comprises personal care products, color cosmetics, and fragrances. By application, it includes hair care, skin care, face care, and beauty care. Based on the distribution channel, the market is segmented into online and offline. By geography, it includes North America, Europe, Asia-Pacific, and LAMEA markets. Further, the report also covers the strategies adopted by key market players in order to sustain competitive environment and increase their market share.

Based on distribution channel, offline sales channel held the major halal cosmetics market share. Offline distribution channels include standalone stores, retail stores, supermarkets, and others wherein the products are displayed for consumers to have a first-hand look at the products that enable them to check the authenticity of the products.

Among the product type, fragrance segment is expected to have the highest CAGR during the halal cosmetics market forecast period, followed by color cosmetics. The color cosmetics segment is expected to account for $48,801.5 million in 2031, registering a CAGR of 15.5%. Halal color cosmetics have widespread adoption among the Muslim women population, especially in the youth. Increase in interest of the young Muslim population toward make-up trends that adhere to the religious loyalties has fueled the demand for global color cosmetic products.

Procure Complete Report: https://www.alliedmarketresearch.com/checkout-final/b56517e61ff3aabcef2c2ba40a1610bb

The demand for halal cosmetic products in the overall halal cosmetics industry is expected to be driven by increase in purchasing power of the growing Muslim population and significant desire among young Muslim women to associate their interest in fashion and makeup with Islamic religious loyalties. These factors also provide lucrative opportunities to the multinational cosmetic companies to enter the halal cosmetics market. Countries such as Saudi Arabia, Iran, UAE, Malaysia, and Indonesia offer potential growth opportunities for halal color cosmetics products owing to the factors such as increase in young population, high disposable income, and rise in interest in fashion and makeup trends.

In the LAMEA region, the Middle East accounts for the highest market share owing to the presence of the Muslim majority countries that strictly obey the religious commitments in their halal cosmetic products. However, Asia-Pacific is expected to exhibit the fastest growth attributed to the growing Muslim population in Muslim majority countries such as Malaysia, Singapore, and Indonesia, along with an increasing focus on personal and beauty care.

The report includes comprehensive analysis of the key players in the operating in the market 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 SaafSkinCare.

Key Benefits For Stakeholders

○ This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the halal cosmetics market analysis from 2020 to 2031 to identify the prevailing halal cosmetics market opportunities.
○ The market research is offered along with information related to key drivers, restraints, and opportunities.
○ Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
○ In-depth analysis of the halal cosmetics market segmentation assists to determine the prevailing halal cosmetics market opportunity.
○ Major countries in each region are mapped according to their revenue contribution to the global market.
○ Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

Enquire before buying: https://www.alliedmarketresearch.com/purchase-enquiry/2138

Reasons to buy:

○ Procure strategically important competitor information, analysis, and insights to formulate effective R&D strategies.
○ Recognize emerging players with potentially strong product portfolio and create effective counter-strategies to gain competitive advantage.
○ Classify potential new clients or partners in the target demographic.
○ Develop tactical initiatives by understanding the focus areas of leading companies.
○ Plan mergers and acquisitions meritoriously by identifying Top Manufacturer.
○ Develop and design in-licensing and out-licensing strategies by identifying prospective partners with the most attractive projects to enhance and expand business potential and Scope.
○ Report will be updated with the latest data and delivered to you within 2-4 working days of order.
○ Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
○ Create regional and country strategies on the basis of local data and analysis.

Read More Trending “AMR Exclusive Insights:

Pakistan Cosmetics Market Growth Opportunities In Global Industry By 2027
Luxury Cosmetics Market is expected to garner $81,247.6 million by 2026

○ Cosmetics Face Serum Market is projected to reach $5.6 billion by 2031
https://www.alliedmarketresearch.com/cosmetics-face-serum-market

○ Brow Gel Market is estimated to reach $431.7 million by 2031
https://www.alliedmarketresearch.com/brow-gel-market-A16125

○ Lipstick Market is expected to reach $12.5 billion by 2026
https://www.alliedmarketresearch.com/lipstick-market

○ Cosmetic Serum Market Will Show An Increase Of By 2027, Report
https://www.alliedmarketresearch.com/cosmetic-serum-market-A13041

○ Face Wash Market Growing Rapidly with Significant CAGR From 2020-2027
https://www.alliedmarketresearch.com/face-wash-market-A11887

David Correa
Allied Analytics LLP
+ 1-800-792-5285
email us here

What Sets Us Apart ? – Allied Market Research



Originally published at https://www.einpresswire.com/article/635296125/halal-cosmetics-market-expected-to-generate-144-816-10-million-by-2031-growing-at-a-cagr-of-15-2-from-2022-to-2031

The post Halal Cosmetics Market Expected to Generate $144,816.10 Million by 2031, Growing At a CAGR of 15.2% From 2022 to 2031 first appeared on Beauty Ring Magazine.

Beauty - Beauty Ring Magazine originally published at Beauty - Beauty Ring Magazine