April 20, 2024

The Global Asia Pacific Halal Cosmetic Market Growth Accelerated By Rising Demand For Organic And Natural Products

Halal cosmetic products are personal care products that contain ingredients permitted under Islamic law. These products are made with natural ingredients that do not conflict with Islamic dietary standards. They contain ingredients ranging from plant, herb and mineral-based formulation to nutraceutical-driven components that are known to have therapeutic properties. With rising health awareness among consumers and growing demand for organic and natural products across Asia Pacific region, the halal cosmetic market is gaining significant traction.

The global Asia Pacific Halal Cosmetic Market is estimated to be valued at US$ 3.59 billion 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:
There is a significant consumer shift towards plant-based products with no harsh chemicals. Growing awareness about the side effects of chemical-laden cosmetic products has boosted the demand for natural and organic personal care items, which is supporting the growth of the halal cosmetic market. Several market players are focusing on adopting natural and halal-certified ingredients in their products to cater to the rising demand from health-conscious consumers in the region. The demand for ingredients like plant extracts, herbs, vitamins and nutraceuticals is increasing at a robust pace in the Asia Pacific halal cosmetic market.

Segment Analysis
The Asia Pacific halal cosmetic market is segmented into skin care, hair care, fragrances, color cosmetics and others. Among these, the skin care segment dominates the market and accounts for more than 30% share of the total halal cosmetic market in Asia Pacific. Skin care products are in high demand among the Muslim population as natural and herbal ingredients used in these products are considered pure and clean as per Islamic rules.

Key Takeaways
The Global Asia Pacific Halal Cosmetic Market Size is expected to witness high growth. The global Asia Pacific Halal Cosmetic Market is estimated to be valued at US$ 3.59 billion in 2024 and is expected to exhibit a CAGR of 8.0% over the forecast period 2024 to 2031.

Regional analysis: The halal cosmetic market in Southeast Asia is growing at the fastest pace owing to increasing population of Muslims and rising disposable incomes in countries like Indonesia, Malaysia and others. Indonesia represents the largest market for halal cosmetics in Asia Pacific with over 50% share due to strong presence of domestic players and growing awareness. Other emerging markets include Malaysia and Middle Eastern countries.

Key players related content comprises
Key players operating in the Asia Pacific Halal Cosmetic Market are Saudi Cosmetic Company, MMA Bio Lab Sdn Bhd, Talent Cosmetic Co., Ltd., PHB Ethical Beauty, Saaf Skincare, OnePure, SAAF International Limited and Ivy Beauty Corporation.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it