Preview: Halal Beauty Market

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.’