The scope of our recent study on " Halal Cosmetics Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product Type (Skincare, Haircare, Makeup, and Others), Category (Men, Women, and Unisex), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others) includes the factors fueling the market growth; revenue estimation, forecast, and market share analysis; and the identification of significant market players and their key developments.

The halal cosmetics market is expected to grow from US$ 36,686.54 million in 2022 to US$ 79,861.73 million by 2028; it is estimated to grow at a CAGR of 13.8% from 2022 to 2028.

"Halal cosmetics" refer to cosmetic products manufactured and composed of ingredients that are permissible under Islamic Shariah (law). Halal compliance of cosmetics is applied across the entire supply chain, ranging from sourcing ingredients to manufacturing and transportation/distribution.

Based on distribution channel, the halal cosmetics market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. In 2021, the specialty stores segment was the dominant segment in the market. Specialty stores provide an excellent consumer experience with unique features such as high-level customer service, premium offers, and special discounts. Consumers prefer purchasing halal cosmetics from specialty stores as a wide range of halal cosmetics is present in the store. Moreover, the staff has complete knowledge about the product and helps the buyers know the product specifications before buying. Thus, increased focus on customer satisfaction has led to a surge in demand for purchasing halal cosmetics from specialty stores. Online retail is expected to be the fastest-growing segment in the halal cosmetics market. Online retail is one of the fastest-growing distribution channels owing to its convenience in terms of shopping and product delivery. Online retail stores offer a wider range of products and heavy discounts; also, consumers can conveniently buy desirable products remotely.

The global Halal Cosmetics market is segmented into five main regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. In 2021, Asia Pacific dominated the global halal cosmetics market. The increase in the Muslim population and the rise in spending by the Muslim population on cosmetic products are driving the halal cosmetics market across the region. According to the State of Global Islamic Economic Report, countries such as India, Malaysia, and Indonesia are among the top 5 countries with the highest Muslim population spending on cosmetic products. Thus, these factors are driving the halal cosmetics market. The Middle East & Africa region is the second-largest region for the halal cosmetics market in 2021.

Impact of COVID-19 Pandemic on Halal Cosmetics Market

Initially, the COVID-19 pandemic adversely affected the halal cosmetics market due to the shutdown of manufacturing facilities and the restrictions on transportation and logistics. The disruptions in the supply chain hampered the supply of halal cosmetics. However, businesses are growing as governments of various countries have eased imposed restrictions. Moreover, vaccination drives have led to a rise in business activities across the globe. The start of operations in the halal cosmetics manufacturing units is positively impacting the halal cosmetics market. The relaxation of trade restrictions is also having a positive impact on the halal cosmetics market as there are countries that majorly import halal cosmetic products to meet the demand from the consumers.

The "Global Halal Cosmetics Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a special focus on the global halal cosmetics market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The halal cosmetics market is segmented based on product type, category, distribution channel, and geography. Based on product type, the market is segmented into skincare, haircare, makeup, and others. Based on category, the market is segmented into men, women, and unisex. Based on distribution channel, the halal cosmetics market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. Based on geography, the market is segmented into five main regions-North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. Asia Pacific is expected to be the fastest-growing region for the halal cosmetics market over the forecast period, followed by the Middle East & Africa and Europe.

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