Signals & Stats : Daily Signals

Preview: Halal Beauty Market

By Liz Hancock 29 : 10 : 2015

Global – Halal cosmetics is a fast-growing marketplace in the beauty industry and is set to become a dominant sector over the coming decade.

  • Driven by increasing wealth across the Asia region and growing ingredient awareness among the Islamic community
  • Produced, distributed and marketed according to Sharia laws and Muslim values
Hana Tajima for UNIQLO Hana Tajima for UNIQLO
Wardoh cosmetics, Indonesia Wardoh cosmetics, Indonesia
Illustration for UNIQLO and Hana Tajima collaboration Illustration for UNIQLO and Hana Tajima collaboration

In 2013, the global Muslim spend on cosmetics was £30bn (€42bn, $46bn), £27bn (€37bn, $41bn) above the £3.2bn (€4.5bn, $5bn) value placed on the current halal cosmetics market in a Future Market Insights report.

This demonstrates the huge potential halal cosmetics has for future growth and explains why the market is expanding at an annual rate of almost 10%, and why industry events such as Cosmoprof Worldwide Bologna 2016 are opening Halal Cosmetics exhibition areas.

‘The halal beauty market is still in a phase of ascendancy,’ says Vipassa Kakroo, associate consultant at Future Market Insights. ‘Leading brands around the world have realised there is a market for these types of products.’

The Big Picture

In our Inclusive Beauty report, LS:N Global predicted that non-white Americans will be make up 53% of the US population by 2050. To learn about the future of Halal Beauty, read our Market report.

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