[Market Analysis] Halal Cosmetics Market Rapid Growth Requires Further Regulatory Development

  •   9 Nov 2017
  •    Jo Zhou

    Takehome:

    Halal cosmetics are a rapidly developing niche of the halal and mainstream market. The 100% natural ingredients commitment of halal products also attracts many non-Muslims. The increased popularity of these products requires development of a regulatory and certification system.

    Definition of HALAL

    In Islamic countries Halal means “permissible and acceptable”. In the cosmetic sector, Halal implies two things:

    • firstly, the ingredients used in the product are all from natural (original) sources
    • Secondly, the product won’t cause any adverse effects when applied to human skin

    The opposite of “Halal” is “Haram” a word which refers to something that is not permitted. In Halal products “Haram” ingredients are totally prohibited. For example, all ingredients derived from pigs are considered Haram.

    The growing halal market and its prospects

    The Halal cosmetic market occupies 11% of the Halal market (with 61% for food, 26% for pharmaceutical and 2% for other products).

    The Halal cosmetic market grew to $56 billion dollars in 2015 and is expected to reach $81 billion by 2021. In US, it is estimated that the Halal cosmetic market will reach $52 billion by the year 2025. Growth in this market is also influenced by non-Muslims who prefer the natural ingredients used in Halal cosmetics.

    Halal cosmetics consumers include:

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