Halal Cosmetics Market
The Global Halal Cosmetics Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights on key developments, business strategies, research & development activities, supply chain analysis, competitive landscape, and market composition analysis.
The global halal cosmetics market size was estimated to be US$ 22.5 billion in 2019 and expected to reach US$ 80 billion by 2030 at a CAGR of 13.3% through 2030. Rising demand for luxury, and proven-by-convention cosmetics promises major growth for the halal cosmetics market. A growing number of global consumers are looking for safe, natural, and effective cosmetic products. The trend is likely to remain on the rise, as growth of e-commerce, global convergence of conventions with modern cosmetics, and growing influx of information remain key drivers of growth. Moreover, social-media influencers remain highly essential as marketing tools, and room for lack of transparency remains minimum. On the other hand, demand for natural-ingredient based products, major advances in packaging, and rising disposable income among Muslim population globally remain major impetus for growth of the halal cosmetics market.
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