GITNUX MARKETDATA REPORT 2024

Halal Cosmetics Industry Statistics

The Halal cosmetics industry is experiencing rapid growth, with a market size expected to reach billions of dollars in the coming years.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will explore key statistics and trends shaping the Halal Cosmetics Industry. From anticipated growth rates and market projections to regional dynamics and consumer preferences, these insights provide a comprehensive overview of this evolving sector.

Statistic 1

"The Halal Cosmetics Industry is anticipated to grow at a CAGR around 14.3% throughout the forecast period 2020-2027."

Statistic 2

"Projections indicate that by 2025, the market is expected to reach USD 52.39 billion."

Statistic 3

"The Asia Pacific market accounted for the largest market share of 37.18% in the year 2018."

Statistic 4

"The halal personal care market in the Middle East and Africa is expected to exhibit a CAGR of 15.3% from 2019 to 2025."

Statistic 5

"In 2019, the Islamic Society of North America (ISNA) certified 623 products as Halal in the United States."

Statistic 6

"In 2018, approximately 21% of commercially available cosmetics in Indonesia were certified Halal."

Statistic 7

"Malaysia and Indonesia are expected to dominate the Halal cosmetics market by 2025 with a combined share of 59%."

Statistic 8

"The market for halal makeup is projected to grow at a CAGR of 13.5% during the forecast period (2020-2025)."

Statistic 9

"The skincare segment dominated the halal cosmetics market, accounting for a revenue share of over 44.0% in 2018."

Statistic 10

"In 2020, the halal cosmetics retail market was approximately 17.07 billion USD globally."

Statistic 11

"According to a 2019 survey, over 58% of Muslim women in Malaysia indicated that they only buy cosmetics that are certified Halal."

Statistic 12

"In Europe, France is the largest consumer of halal cosmetic products with a market share of approximately 36%."

Statistic 13

"The leading Halal cosmetics manufacturers in 2020 were Inika Organic (Australia), Clara International (Malaysia), and SAAF International (UK)."

Statistic 14

"In 2020, the online sales channel segment of the Halal cosmetics market was valued at approximately 3.37 billion dollars."

Statistic 15

"The global fragrance product market in the Halal cosmetics industry is expected to grow at a CAGR of 15.2% between 2019 and 2025."

Statistic 16

"More than 50% of the global Muslim population is under the age of 25, a factor driving the growth of the Halal cosmetics market."

The statistics presented reveal the robust growth and increasing significance of the Halal cosmetics industry on a global scale. With a projected Compound Annual Growth Rate (CAGR) of around 14.3% and market value reaching USD 52.39 billion by 2025, key regions such as Asia Pacific, Middle East, and Africa are pivotal players driving this expansion. Consumer trust in Halal certification is evident through various market segments like skincare and makeup, with countries like Malaysia and Indonesia poised to dominate the market in the near future. The industry’s digital transformation is highlighted by the substantial value of online sales channels. Moreover, the youthfulness of the global Muslim population, coupled with the shift towards ethical consumerism, underscores the immense potential for further growth and innovation in the Halal cosmetics sector.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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