Halal cosmetic products refer to cosmetic products that comply with Islamic law (Sharia) such as the permissible ingredients used and the manufacturing process. Halal cosmetic products are in high demand among Muslim consumers across Asia Pacific region owing to rising concerns regarding ingredients used in conventional cosmetic products. Halal cosmetic products offer natural ingredients that are safe, harmless and ethically sourced without containing any animal-derived, alcohol-based elements or ingredients restricted by Islamic law.
The global Asia Pacific Halal Cosmetic Market is estimated to be valued at US$ 3.59 Mn in 2024 and is expected to exhibit a CAGR of 8.0% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The rising demand for natural cosmetic products free from harmful chemicals and synthetic ingredients is a major trend witnessed in the Asia Pacific halal cosmetic market. Consumers are increasingly opting for organic and natural halal cosmetic products containing ingredients sourced ethically without involving animal testing or by-products. The preference for herbal and nutritional ingredients in cosmetic products is prompting manufacturers to develop natural halal cosmetic ranges containing plant extracts, vitamins and minerals. This is expected to drive significant growth in the Asia Pacific halal cosmetic market during the forecast period.
SWOT Analysis
Strength: The Asia-Pacific region has a large Muslim population, driving the demand for halal certified cosmetic products. This presents a huge market potential.
Weakness: Lack of unified certification criteria for halal cosmetics across Asia Pacific countries leads to confusion regarding truly halal products.
Opportunity: Increasing preference of both Muslim and non-Muslim consumers for natural and organic ingredients in cosmetics opens up opportunities for halal cosmetic brands to expand.
Threats: Strict regulations and certification processes increase costs of production and market entry for small players.
Key Takeaways
The Global Asia Pacific Halal Cosmetic Market Size is expected to witness high growth over the forecast period of 2024 to 2031. The global Asia Pacific Halal Cosmetic Market is estimated to be valued at US$ 3.59 Mn in 2024 and is expected to exhibit a CAGR of 8.0% over the forecast period 2024 to 2031.
Regional analysis comprises Regional analysis shows that Indonesia, Malaysia, Pakistan, and Saudi Arabia currently dominate the Asia Pacific halal cosmetic market accounting for over 60% share collectively in 2024 due to high Muslim population in these countries.
Key players related content comprises Key players operating in the Asia Pacific Halal Cosmetic market are Mara Beauty, Ivy Beauty Corporation Sdn Bhd, Clara International Beauty Group, Sampure Minerals, and Inglot Cosmetics. Rising demand for organic and natural products in cosmetics across Asia Pacific presents lucrative opportunities for existing as well as new entrants in the halal cosmetic space. Steady growth of the nutsraceutical industry in the region further supports the demand for halal certified natural ingredients in cosmetic formulations.
For more Insights, Read –
Check more trending articles related to this topic:
https://ceocolumn.com/blog/emergence-of-unmanned-combat-aerial-vehicles-in-modern-warfare/
Arabic
French
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Russian
Romaian
Portuguese (Brazil)
Greek