Precedence Research predicts Halal cosmetics market to reach USD 149B by 2034
GLOBAL – According to the research done by Precedence Research, the global halal cosmetics market, valued at USD 47.54 billion in 2024, is projected to reach approximately USD 148.98 billion by 2034, with an anticipated CAGR of 12.10% from 2024 to 2034.
Halal cosmetics, which adhere to Islamic law and are free from animal products or GMOs, are rapidly increasing in demand due to the expanding Muslim population and the increasing involvement of Muslim women in the beauty industry.
This demand is driven by the trend toward personal grooming and beauty products that adhere to religious norms, such as lipsticks, skincare items, and personal hygiene products.
North America previously dominated the market in 2023, with personal care products leading by product segment and hair care by application.
Regions with a dominant Muslim population, such as Saudi Arabia, UAE, Indonesia, Turkey, and Malaysia, are experiencing substantial market expansion.
India, which ranks third in terms of Islamic population, is also witnessing significant growth, fueled by a rising standard of living and urbanization.
The Asia-Pacific halal cosmetics market is set for substantial growth, with projections showing an increase in market value from USD 35.18 billion in 2024 to approximately USD 110.99 billion by 2034.
This expansion, at a compound annual growth rate (CAGR) of 12.17%, is driven by the region’s large Muslim population, rising consumer preference for halal-certified products, improved living standards, and urbanization.
Key players in the halal cosmetics market include IBA Halal Care, Inika, Mena Cosmetics, PHB Ethical Beauty, Sampure Minerals, Wardah Cosmetics, Amara Cosmetics, Brataco Group of Companies, Clara International Beauty Group, and Halal Cosmetics Company.
IBA Halal Care is known for its vegan and cruelty-free beauty products.
They offer a wide range of skincare, haircare, and makeup products free from alcohol, pig fat, and harsh chemicals.
