“According to the research report published by Polaris Market Research, the The Saudi Arabia Halal Cosmetics Market Size Is Expected To Reach USD 22.87 Billion By 2030., at a CAGR of 23.0% during the forecast period.”
Greater access to products, increased consumer awareness, and a willingness to pay extra for high-quality halal cosmetics have all been observed in Saudi Arabia.
Halal cosmetics are cosmetics and body care products that do not contain any components that are prohibited by Islamic law. Thus, no animal blood, pork products, or alcoholic materials are used in the production of any of these cosmetic products.
As halal cosmetics become more widely available, the Muslim and non-Muslim populations in Saudi Arabia are expressing a growing interest in them since they are free of toxins and environmentally beneficial. They not only follow Islamic regulations, but many of these goods are also organic and made with natural components.
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Top Key Players
- PHB Ethical Beauty
- MMA Bio Lab Sdn Bhd
- Clara International
- Martha Tilaar Group
- Talent Cosmetic Co. Ltd
- Intercosmetic Asia Pacific Sdn Bhd
- Sampure Minerals
- Amara Cosmetics Inc.
- Saaf Skincare
- Prolab Cosmetics
- IBA Halal Care
- Muslimah Manufacturing Sdn. Bhd.
- Nizona Corporation
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Global Market Size and Growth Forecast
With untapped cosmetic product sectors and growing per capita spending, the Muslim minority has emerged as a substantial consumer base. Growing public awareness of the use of porcine-derived compounds in cosmetics, as well as a preference for cruelty-free cosmetics, are driving a trend toward Halal-certified goods, even among non-Muslims. Aside from that, growing environmental concerns have spurred the rise of veganism, which is expected to influence and change future halal cosmetics trends.
Polaris Market Research has segmented the Saudi Arabia halal cosmetics market on the basis of product, and distribution channel:
Saudi Arabia Halal Cosmetics, Product Outlook (Revenue, USD Billion, 2018 – 2030)
- Skin Care
- Hair Care
- Make-up & Color Cosmetics
Saudi Arabia Halal Cosmetics, Distribution Channel Outlook (Revenue, USD Billion, 2018 – 2030)
Halal cosmetics’ major consumer markets
The United Arab Emirates, Indonesia, Saudi Arabia, Turkey, India, and Malaysia are all major halal cosmetics markets.
South Asia has taken the lead in the global market and is predicted to do so for the foreseeable future. A increasing focus on sustainability and greater demand for cosmeceuticals have supported Malaysia’s growth. Celebrity influence and social media motivation have increased brand awareness in India, allowing start-ups to invest and reach their full potential. Increased market demand need an improved supply chain, logistics, and marketing strategy.
Cosmetics and personal care items that are halal are increasingly reaching beyond regional limits. The demand for halal cosmetics in the beauty and personal care business is rising as Germany moves closer to becoming a cruelty-free society. Despite the fact that Germany is the second-largest Muslim country in the European Union after France, consumption is still low due to a lack of awareness of halal cosmetics on the market.
Vegan beauty and body products are becoming more popular in the United States. This trend is being seized by manufacturers as an opportunity to develop a cruelty-free brand that will appeal to a wider audience.
COVID-19’s Overall Impact:
COVID-19 is an unprecedented global public health crisis that has impacted practically every business, and its long-term repercussions are expected to have an influence on industry growth during the forecast period. Our ongoing research is enhancing our research approach to guarantee that fundamental COVID-19 concerns and potential solutions are included. The research examines COVID-19 in light of changes in consumer behaviour and demand, purchasing patterns, supply chain re-routing, market dynamics, and government involvement. The updated study considers the impact of COVID-19 on the market and provides insights, analysis, projections, and forecasts.
Why You Should Buy This Report?
- To get a comprehensive understanding of the Saudi Arabian halal cosmetics market;
- To identify current trends and projected growth over the next five years;
- To assist industry consultants, halal cosmetic manufacturers, vendors, and dealers in aligning their market-centric strategies.
- To make research-based business decisions and lend weight to presentations and marketing materials
- What are the upcoming trends of Halal Cosmetics Market in the world?
- What is the leading application of Halal Cosmetics Market?
- At what CAGR is the halal cosmetics market projected to grow during the forecast period?
- Which region is at the highest rate in the Saudi Arabia Cosmetics and Personal Care Market?
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