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Global Halal Cosmetics Market, Size, Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis

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    Report

  • 190 Pages
  • April 2024
  • Region: Global
  • Renub Research
  • ID: 5952088
The Global Halal Cosmetics Market was worth US$ 40.17 Billion in 2023. It is expected to grow at a CAGR of 12.95% from 2024 to 2032 and be valued at US$ 94.20 Billion by 2030.

Muslim and non-Muslim clients globally seek halal cosmetics that adhere to Islamic law. Muslim purchasers prioritize these products because they are conscious of ingredient popularity and desire items that align with religious ideals. Non-Muslims additionally favor halal cosmetics for their perceived safety, ethical sourcing, and environmentally pleasant practices. As the halal market expands into cosmetics, manufacturers offer various alternatives. This highlights the importance of inclusivity and cultural sensitivity in the cosmetics industry.

Halal Cosmetics Market Trends

Expansion of the global Muslim Population

The worldwide halal cosmetics market is prospering due to the increasing Muslim populace, which comprises a substantial part of the worldwide populace. Islam, with over two billion followers, as per the World Population Review, is projected to outnumber Christians by 2050. This demographic shift fuels the need for halal-licensed merchandise, including cosmetics, as Muslim clients prioritize aligning their lifestyle alternatives with religious ideals. Consequently, beauty brands cater to this growing market segment by offering a range of halal-certified merchandise to meet Muslim customers' evolving needs and preferences worldwide.

Growing awareness about Animal Welfare and Rights

The global halal cosmetics market is poised to increase as clients express concern for animal welfare and living rights. With a growing demand for cruelty-free and ethical beauty products, halal cosmetics, which adhere to Islamic concepts emphasizing compassion for all living beings, are gaining recognition. This trend displays a broader shift toward aware consumerism, propelling the market's enlargement.

Rise of the Online Sales Channel for Halal Cosmetics

The online sales channel is propelling the global halal cosmetics market's growth, capitalizing on digitalization's effect on purchaser behavior. This shift towards online purchasing gives comfort and accessibility, mainly within the halal cosmetics area. Online systems enable a broader market reach, concentrating on Muslim clients searching for religiously aligned merchandise and non-Muslim consumers interested in ethical beauty alternatives. Online channels facilitate brand engagement and loyalty via personalized experiences and strategic influencer collaborations. It is seen in Something's successful TikTok marketing campaign in Malaysia, which uses the Indonesian halal beauty brand. This trend underscores the online channel's pivotal position in shaping the halal cosmetics market's trajectory.

Color cosmetics segment is an essential segment in the Global Halal Cosmetics Industry

Color cosmetics refer to makeup products used on the face, eyes, lips, and nails. It is one of the quickest-developing segments in the global halal cosmetics market. As Muslim clients demand more makeup options, these merchandise help add coloration, definition, and dimension to facial features. There is a developing choice for halal-compliant color cosmetics as more people become aware of the advantages of halal-certified beauty merchandise. These cosmetics offer exquisite pigmentation and the latest shades that cater to diverse cultural possibilities.

Asia-Pacific Halal Cosmetics Market

The Asia-Pacific region is leading in the global halal cosmetics market. Significant Muslim populations in Indonesia, Malaysia, and India propel this growth. According to the World Population Review, Indonesia has the highest number of Muslims worldwide, with a predicted 231 million, constituting 86.7% of its population and nearly 13% of the worldwide Muslim population. This demographic creates a strong demand for halal-licensed cosmetics.

Increasing customer cognizance of product ingredients and ethical sourcing also propels the market. This aligns with Islamic guidance on manufacturing. Merging vegan beauty traits with halal concepts and advocating for cruelty-free and animal-derived component-free products also broadens market appeal to a broader audience. For example, in April 2023, the Indian splendor emblem of Saba Personal Care aimed to capitalize on this trend by presenting halal and vegan products. This is expanding its purchaser base beyond Muslims and competing with multinational agencies that have not begun to tap into those categories.

Halal Cosmetics Company News

Some major players in the halal cosmetics market include Estee Lauder, L'Oréal, S&J International Enterprises, Kao Corporation, Clara International Beauty Group, INIKA, AMARA COSMETICS, WARDAH COSMETICS, SAMPURE MINERALS, and HALAL COSMETICS COMPANY.
  • In January 2023 - Flora & Noor became the first Halal skin-care brand to be sold at Ulta Beauty.
  • In May 2023 - Qeblawi Cosmetics announced the launch of its online store, which offers a wide range of Halal-certified beauty products.
  • In April 2022 - Inika Organic launched a new cosmetics collection named 'Pure with Purpose.' The collection includes various products, including the Lash & Brow Serum, Hydrating Toning Mist, Eyeshadow Quads, Brow Palette, and more. As the company claims, these products are 100% natural, vegan-certified, halal-certified, and cruelty-free.
  • In November 2022 - Believe Pte. Ltd. acquired a majority stake in Iba Cosmetics, India's first Halal-certified and PETA-certified vegan cosmetics and personal care brand. This acquisition was part of a strategic tie-up between companies with similar values. Ecotrail Personal Care Pvt. Ltd. previously owned Iba Cosmetics.
  • In December 2021 - The dUCK Group opened a new retail cosmetic store in Singapore. The store is located on Haji Lane and occupies an area of 1,800 square feet. Along with its exclusive and newly launched collection, the store also features limited edition pieces for sale.

Product Type - Global Halal Cosmetics Market breakup from 3 viewpoints

1. Color Cosmetics
2. Personal Care Products
3. Fragrances

Applications - Global Halal Cosmetics Market breakup from 4 viewpoints

1. Hair
2. Skin
3. Face
4. Beauty Care

Distribution Channels - Global Halal Cosmetics Market breakup from 5 viewpoints

1. Hypermarkets & Supermarkets
2. Online Stores
3. Convenience Stores
4. Specialty Stores
5. Others

Country - Global Halal Cosmetics Market breakup of 24 Countries covered in the Report

1. North America
1.1 United States
1.2 Canada
2. Europe
2.1 Russia
2.2 France
2.3 Germany
2.4 Italy
2.5 United Kingdom
3. Asia
3.1 Pakistan
3.2 Indonesia
3.3 India
3.4 Bangladesh
3.5 China
3.6 Malaysia
3.7 Kazakhstan
4. MEA
4.1 Nigeria
4.2 Egypt
4.3 Turkey
4.4 Iran
4.5 Algeria
4.6 Iraq
4.7 Morocco
4.8 Saudi Arabia
4.9 United Arab Emirates
4.10 Qatar
5. Rest of the World

All key players have been covered from 3 viewpoints

  • Overview
  • Recent Development
  • Revenue

Company Analysis

1. Estee Lauder
2. L’Oréal
3. S&J International Enterprises
4. Kao Corporation
5. Clara International Beauty Group
6. INIKA
7. AMARA COSMETICS
8. WARDAH COSMETICS
9. SAMPURE MINERALS
10. HALAL COSMETICS COMPANY

Table of Contents

1. Introduction2. Research Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Ultrasound Device Market
6. Market Share - Global Ultrasound Device Analysis
6.1 By Product
6.2 By Portability
6.3 By Display Type
6.4 By Application
6.5 By End Users
6.6 By Country
7. Product - Global Ultrasound Device Market
7.1 Diagnostic Ultrasound Systems
7.2 Therapeutic Ultrasound Systems
8. Portability - Global Ultrasound Device Market
8.1 Trolley/Cart-based Ultrasound Devices
8.2 Compact/Handheld Ultrasound Devices
9. Display Type - Global Ultrasound Device Market
9.1 Color Ultrasound Devices
9.2 Black & White (B/W) Ultrasound Device
10. Application - Global Ultrasound Device Market
10.1 Radiology/General Imaging
10.2 Cardiology
10.3 Gynecology
10.4 Vascular
10.5 Urology
10.6 Others
11. End Users - Global Ultrasound Device Market
11.1 Hospitals
11.2 Surgical Centers
11.3 Diagnostic Centers
11.4 Maternity Centers
11.5 Ambulatory Care Centers
11.6 Academic Institutions
12. Country - Global Ultrasound Device Market
12.1 North America
12.1.1 United States
12.1.2 Canada
12.2 Europe
12.2.1 France
12.2.2 Germany
12.2.3 Italy
12.2.4 Spain
12.2.5 United Kingdom
12.2.6 Belgium
12.2.7 Netherlands
12.2.8 Turkey
12.3 Asia Pacific
12.3.1 China
12.3.2 Japan
12.3.3 India
12.3.4 South Korea
12.3.5 Thailand
12.3.6 Malaysia
12.3.7 Indonesia
12.3.8 Australia
12.3.9 New Zealand
12.4 Latin America
12.4.1 Brazil
12.4.2 Mexico
12.4.3 Argentina
12.5 Middle East & Africa
12.5.1 Saudi Arabia
12.5.2 UAE
12.5.3 South Africa
13. Porter’s Five Analysis - Global Ultrasound Device Market
13.1 Bargaining Power of Buyers
13.2 Bargaining Power of Suppliers
13.3 Degree of Rivalry
13.4 Threat of New Entrants
13.5 Threat of Substitutes
14. SWOT Analysis - Global Ultrasound Device Market
14.1 Strength
14.2 Weakness
14.3 Opportunity
14.4 Threat
15. Company Analysis
15.1 GE Healthcare
15.1.1 Overview
15.1.2 Recent Development
15.1.3 Revenue
15.2 Siemens Healthcare
15.2.1 Overview
15.2.2 Recent Development
15.2.3 Revenue
15.3 Philips
15.3.1 Overview
15.3.2 Recent Development
15.3.3 Revenue
15.4 Canon INC.
15.4.1 Overview
15.4.2 Recent Development
15.4.3 Revenue
15.5 Fujifilm Holdings Corporation
15.5.1 Overview
15.5.2 Recent Development
15.5.3 Revenue
15.6 Samsung Medison Co. Ltd. (Samsung Electronics Co. Ltd.)
15.6.1 Overview
15.6.2 Recent Development
15.6.3 Revenue
15.7 Hitachi Ltd.
15.7.1 Overview
15.7.2 Recent Development
15.7.3 Revenue
List of Figures
Figure 01: Global - Ultrasound Device Market (Billion US$), 2019-2023
Figure 02: Global - Forecast for Ultrasound Device Market (Billion US$), 2024-2030
Figure 03: Product - Diagnostic Ultrasound Systems Market (Million US$), 2019-2023
Figure 04: Product - Forecast for Diagnostic Ultrasound Systems Market (Million US$), 2024-2030
Figure 05: Product - Therapeutic Ultrasound Systems Market (Million US$), 2019-2023
Figure 06: Product - Forecast for Therapeutic Ultrasound Systems Market (Million US$), 2024-2030
Figure 07: Portability - Trolley/Cart-based Ultrasound Devices Market (Million US$), 2019-2023
Figure 08: Portability - Forecast for Trolley/Cart-based Ultrasound Devices Market (Million US$), 2024-2030
Figure 09: Portability - Compact/Handheld Ultrasound Devices Market (Million US$), 2019-2023
Figure 10: Portability - Forecast for Compact/Handheld Ultrasound Devices Market (Million US$), 2024-2030
Figure 11: Display Type - Color Ultrasound Devices Market (Million US$), 2019-2023
Figure 12: Display Type - Forecast for Color Ultrasound Devices Market (Million US$), 2024-2030
Figure 13: Display Type - Black & White (B/W) Ultrasound Device Market (Million US$), 2019-2023
Figure 14: Display Type - Forecast for Black & White (B/W) Ultrasound Device Market (Million US$), 2024-2030
Figure 15: Application - Radiology/General Imaging Market (Million US$), 2019-2023
Figure 16: Application - Forecast for Radiology/General Imaging Market (Million US$), 2024-2030
Figure 17: Application - Cardiology Market (Million US$), 2019-2023
Figure 18: Application - Forecast for Cardiology Market (Million US$), 2024-2030
Figure 19: Application - Gynecology Market (Million US$), 2019-2023
Figure 20: Application - Forecast for Gynecology Market (Million US$), 2024-2030
Figure 21: Application - Vascular Market (Million US$), 2019-2023
Figure 22: Application - Forecast for Vascular Market (Million US$), 2024-2030
Figure 23: Application - Urology Market (Million US$), 2019-2023
Figure 24: Application - Forecast for Urology Market (Million US$), 2024-2030
Figure 25: Application - Others Market (Million US$), 2019-2023
Figure 26: Application - Forecast for Others Market (Million US$), 2024-2030
Figure 27: End Users - Hospitals Market (Million US$), 2019-2023
Figure 28: End Users - Forecast for Hospitals Market (Million US$), 2024-2030
Figure 29: End Users - Surgical Centers Market (Million US$), 2019-2023
Figure 30: End Users - Forecast for Surgical Centers Market (Million US$), 2024-2030
Figure 31: End Users - Diagnostic Centers Market (Million US$), 2019-2023
Figure 32: End Users - Forecast for Diagnostic Centers Market (Million US$), 2024-2030
Figure 33: End Users - Maternity Centers Market (Million US$), 2019-2023
Figure 34: End Users - Forecast for Maternity Centers Market (Million US$), 2024-2030
Figure 35: End Users - Ambulatory Care Centers Market (Million US$), 2019-2023
Figure 36: End Users - Forecast for Ambulatory Care Centers Market (Million US$), 2024-2030
Figure 37: End Users - Academic Institutions Market (Million US$), 2019-2023
Figure 38: End Users - Forecast for Academic Institutions Market (Million US$), 2024-2030
Figure 39: United States - Ultrasound Device Market (Million US$), 2019-2023
Figure 40: United States - Forecast for Ultrasound Device Market (Million US$), 2024-2030
Figure 41: Canada - Ultrasound Device Market (Million US$), 2019-2023
Figure 42: Canada - Forecast for Ultrasound Device Market (Million US$), 2024-2030
Figure 43: France - Ultrasound Device Market (Million US$), 2019-2023
Figure 44: France - Forecast for Ultrasound Device Market (Million US$), 2024-2030
Figure 45: Germany - Ultrasound Device Market (Million US$), 2019-2023
Figure 46: Germany - Forecast for Ultrasound Device Market (Million US$), 2024-2030
Figure 47: Italy - Ultrasound Device Market (Million US$), 2019-2023
Figure 48: Italy - Forecast for Ultrasound Device Market (Million US$), 2024-2030
Figure 49: Spain - Ultrasound Device Market (Million US$), 2019-2023
Figure 50: Spain - Forecast for Ultrasound Device Market (Million US$), 2024-2030
Figure 51: United Kingdom - Ultrasound Device Market (Million US$), 2019-2023
Figure 52: United Kingdom - Forecast for Ultrasound Device Market (Million US$), 2024-2030
Figure 53: Belgium - Ultrasound Device Market (Million US$), 2019-2023
Figure 54: Belgium - Forecast for Ultrasound Device Market (Million US$), 2024-2030
Figure 55: Netherlands - Ultrasound Device Market (Million US$), 2019-2023
Figure 56: Netherlands - Forecast for Ultrasound Device Market (Million US$), 2024-2030
Figure 57: Turkey - Ultrasound Device Market (Million US$), 2019-2023
Figure 58: Turkey - Forecast for Ultrasound Device Market (Million US$), 2024-2030
Figure 59: China - Ultrasound Device Market (Million US$), 2019-2023
Figure 60: China - Forecast for Ultrasound Device Market (Million US$), 2024-2030
Figure 61: Japan - Ultrasound Device Market (Million US$), 2019-2023
Figure 62: Japan - Forecast for Ultrasound Device Market (Million US$), 2024-2030
Figure 63: India - Ultrasound Device Market (Million US$), 2019-2023
Figure 64: India - Forecast for Ultrasound Device Market (Million US$), 2024-2030
Figure 65: South Korea - Ultrasound Device Market (Million US$), 2019-2023
Figure 66: South Korea - Forecast for Ultrasound Device Market (Million US$), 2024-2030
Figure 67: Thailand - Ultrasound Device Market (Million US$), 2019-2023
Figure 68: Thailand - Forecast for Ultrasound Device Market (Million US$), 2024-2030
Figure 69: Malaysia - Ultrasound Device Market (Million US$), 2019-2023
Figure 70: Malaysia - Forecast for Ultrasound Device Market (Million US$), 2024-2030
Figure 71: Indonesia - Ultrasound Device Market (Million US$), 2019-2023
Figure 72: Indonesia - Forecast for Ultrasound Device Market (Million US$), 2024-2030
Figure 73: Australia - Ultrasound Device Market (Million US$), 2019-2023
Figure 74: Australia - Forecast for Ultrasound Device Market (Million US$), 2024-2030
Figure 75: New Zealand - Ultrasound Device Market (Million US$), 2019-2023
Figure 76: New Zealand - Forecast for Ultrasound Device Market (Million US$), 2024-2030
Figure 77: Brazil - Ultrasound Device Market (Million US$), 2019-2023
Figure 78: Brazil - Forecast for Ultrasound Device Market (Million US$), 2024-2030
Figure 79: Mexico - Ultrasound Device Market (Million US$), 2019-2023
Figure 80: Mexico - Forecast for Ultrasound Device Market (Million US$), 2024-2030
Figure 81: Argentina - Ultrasound Device Market (Million US$), 2019-2023
Figure 82: Argentina - Forecast for Ultrasound Device Market (Million US$), 2024-2030
Figure 83: Saudi Arabia - Ultrasound Device Market (Million US$), 2019-2023
Figure 84: Saudi Arabia - Forecast for Ultrasound Device Market (Million US$), 2024-2030
Figure 85: UAE - Ultrasound Device Market (Million US$), 2019-2023
Figure 86: UAE - Forecast for Ultrasound Device Market (Million US$), 2024-2030
Figure 87: South Africa - Ultrasound Device Market (Million US$), 2019-2023
Figure 88: South Africa - Forecast for Ultrasound Device Market (Million US$), 2024-2030
Figure 89: GE Healthcare - Global Revenue (Million US$), 2019-2023
Figure 90: GE Healthcare - Forecast for Global Revenue (Million US$), 2024-2030
Figure 91: Siemens Healthcare - Global Revenue (Million US$), 2019-2023
Figure 92: Siemens Healthcare - Forecast for Global Revenue (Million US$), 2024-2030
Figure 93: Philips - Global Revenue (Million US$), 2019-2023
Figure 94: Philips - Forecast for Global Revenue (Million US$), 2024-2030
Figure 95: Canon INC. - Global Revenue (Million US$), 2019-2023
Figure 96: Canon INC. - Forecast for Global Revenue (Million US$), 2024-2030
Figure 97: Fujifilm Holdings Corporation - Global Revenue (Million US$), 2019-2023
Figure 98: Fujifilm Holdings Corporation - Forecast for Global Revenue (Million US$), 2024-2030
Figure 99: Samsung Medison Co. Ltd. (Samsung Electronics Co. Ltd.) - Global Revenue (Million US$), 2019-2023
Figure 100: Samsung Medison Co. Ltd. (Samsung Electronics Co. Ltd.) - Forecast for Global Revenue (Million US$), 2024-2030
Figure 101: Hitachi Ltd. - Global Revenue (Million US$), 2019-2023
Figure 102: Hitachi Ltd. - Forecast for Global Revenue (Million US$), 2024-2030
List of Tables
Table 01: Global - Ultrasound Device Market Share by Product (Percent), 2018-2023
Table 02: Global - Forecast for Ultrasound Device Market Share by Product (Percent), 2024-2030
Table 03: Global - Ultrasound Device Market Share by Portability (Percent), 2018-2023
Table 04: Global - Forecast for Ultrasound Device Market Share by Portability (Percent), 2024-2030
Table 05: Global - Ultrasound Device Market Share by Display Type (Percent), 2018-2023
Table 06: Global - Forecast for Ultrasound Device Market Share by Display Type (Percent), 2024-2030
Table 07: Global - Ultrasound Device Market Share by Application (Percent), 2018-2023
Table 08: Global - Forecast for Ultrasound Device Market Share by Application (Percent), 2024-2030
Table 09: Global - Ultrasound Device Market Share by End User (Percent), 2018-2023
Table 10: Global - Forecast for Ultrasound Device Market Share by End User (Percent), 2024-2030
Table 11: Global - Ultrasound Device Market Share by Countries (Percent), 2018-2023
Table 12: Global - Forecast for Ultrasound Device Market Share by Countries (Percent), 2024-2030

Companies Mentioned

  • Estee Lauder
  • L’Oréal
  • S&J International Enterprises
  • Kao Corporation
  • Clara International Beauty Group
  • INIKA
  • AMARA COSMETICS
  • WARDAH COSMETICS
  • SAMPURE MINERALS
  • HALAL COSMETICS COMPANY

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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