Market Research Future (Food and Beverages) Halal Cosmetics Market Research Report | Page 3

Halal Cosmetics Market Research Report-Global Forecast till 2023
2 Market Overview
Halal cosmetics refer to cosmetics which comply with the Islamic law of halal. Halal cosmetics have gained
momentum in recent years. The global halal cosmetics market is expected to grow at an impressive CAGR of 13.40%
over the forecast period which ends in 2023, asserts Market Research Future (MRFR) in a detailed research report.
Halal cosmetics have gained immense popularity among consumers of late, especially among young, modern
Muslim women who are more informed about the products they use and keen on observing religious norms. A
significant surge in Muslim populace across the globe has spurred the growth of the global halal cosmetics market.
Raising the level of awareness among consumers regarding the use of cruelty-free products, coupled with the rise
in awareness regarding animal welfare and social responsibility has also been a significant drive for the market.
Rising initiatives by regulatory authorities which restrict animal testing for beauty products coupled with celebrity
influence on the buying pattern of consumers, encouraging the use of halal cosmetics have also impacted the market
positively. Moreover, various cosmetic companies, enticed by the popularity of halal cosmetics have adopted it as a
marketing strategy to appeal to the consumers and are endeavoring to obtain halal certification. The global halal
cosmetics market continues on an upward trajectory, but the market growth might be met some challenges which
are likely to hinder the growth of the market. High costs of halal cosmetics and lack of specific standards for halal
certification are some of the restraining factors to the growth of the global halal cosmetics market.
Regional Analysis:
Market Research Future employs a unique methodology to provide the most astute estimates for our esteemed
clients. It relies on a blend of primary and secondary research to compile a market report replete with valuable
information. Primary data is obtained from experts in fields using various methods. The information is compiled and
authenticated using industry sources. The data is formulated and presented in the form of graphs and charts to
provide an easy-to-understand pictorial. Our analysts utilize top-up and bottom-down approaches in order to obtain
a three-sixty-degree perspective. The market insights obtained assist company leaders in crafting effective strategies
of growth.
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