GCC Halal Cosmetics Market Size, Share, Forecast 2022-2028
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects GCC Halal Cosmetics Market size to grow at a CAGR of 16.2% during the forecast period between 2022 and 2028. GCC halal cosmetics market expansion is driven by strong and region-wide presence of Muslim population and demand for halal certification compliance. Increasing consumer focus on addressing prevalent health concerns caused by chemical and alcohol-based cosmetics ingredients is driving the overall market's growth. The growing participation of women in the region’s workforce in the GCC region is driving the sale of high-quality and premium halal cosmetics along with high adoption of halal cosmetics by foreign businesses in their product line to cater to the specific requirements and preferences of GCC consumers. Added to these, expansion of e-commerce platforms that provide unique product and service options, such as door-to-door delivery and secure online payments, is expected to propel the market for halal cosmetics throughout the Gulf Cooperation Council region. However, the consumers’ preference for standard cosmetics products due to expensive halal certified cosmetics which is estimated to restrain the GCC halal cosmetics market growth.
GCC Halal Cosmetics Market – Overview
Halal is a pure and safe seal, ensuring products of superior quality. Halal is a term from Arabic that means lawful or permissible and it is applicable on food and drinks as well as all aspects of daily life. Usually, consumption of pork, alcohol, and blood is forbidden or deemed Haram under Islamic law due to which it is important for Muslims to learn the product’s origin and ingredients before consumption or applying to bodies. The ingredients in halal cosmetics include plant-derived extracts, vitamins, and antioxidants. The surging demand for natural and plant-based products by consumers is due to awareness of sustainable living practices and environmental issues. As a result, consumers are increasingly turning to halal-certified cosmetics, which is expected to propel the GCC halal cosmetics market forward.
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GCC Halal Cosmetics Market – By Product Type
On basis of product type, GCC halal cosmetics market is divided into Personal Care and Color Cosmetics. The personal care segment is further segmented into skin care, hair care, and fragrances. Similarly, the color cosmetics segment is further divided into face cosmetics, eyes cosmetics, lips cosmetics, and nail cosmetics. The skincare segment under personal care held the highest market share in 2021, as consumers prefer skin care products to maintain their skin health and glow. In addition, the increasing awareness and acceptance of halal skincare products among consumers as well as growing preference of skincare and makeup products are the primary growth factors for GCC halal cosmetics market.
Impact of COVID-19 on GCC Halal Cosmetics Market
COVID-19 pandemic had negative impact on GCC halal cosmetics market. Most notably, the market witnessed a significant decline in demand as tourism and travel had been restricted. People were also cautious to travel during the pandemic. The outbreak reduced output as many factories and manufacturing plants had been forced to close. As a result, some halal cosmetics were in short supply. Because of the pandemic, small-scale manufacturers of halal cosmetics in developing countries, such as India and Malaysia, faced price fluctuations and economic uncertainty. Regardless of these obstacles, the GCC halal cosmetics market is recovering and is expected to grow further in the coming years due to growing demand for natural cosmetics and personal care products online supply chain benefits, growing consumer awareness for sustainable living practices and environmental issues by using non-halal cosmetic products.
Competitive Landscape
Major players operating in GCC halal cosmetics market include Amara Halal Cosmetics, Clara International Beauty Group, Iba Cosmetics, Lush, OnePure LLC, PHB Ethical Beauty Ltd, Sampure Minerals, and The Halal Cosmetics Company. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product development.
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