Report : North America Halal Cosmetics Market Forecast to 2028 - COVID-19 Impact and Regional 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)
At 13.2% CAGR, the North America Halal Cosmetic Market is speculated to be worth US$ 10,741.40 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America Halal Cosmetic Market was valued at US$ 5,100.54 million in 2022 and is expected to reach US$ 10,741.40 million by 2028, registering an annual growth rate of 13.2% from 2022 to 2028.Increasing consumer focus on religiously sensitive skincare products and increasing comsumer focus on religiously sensitive skincare products the critical factors attributed to the market expansion.
The concept of Halal is becoming a global symbol for quality assurance and lifestyle choice for religiously sensitive consumers. At present, men and women especially in urban areas are showing increased interest and awareness towards Halal certified cosmetic products. This trend is expected to expand in semi urban and rural areas in the near future. This will provide additional incentive for cosmetic manufacturers to diversify their product portfolio and introduce halal cosmetic products range
On the contrary,challenges faced in marketing the halal cosmetic products hurdles the growth of the North America Halal Cosmetic Market.
Based on product type, the North America Halal Cosmetic Market is segmented into skincare, haircare, makeup, and others. The skincare segment held 40.63% market share in 2022, amassing US$ 2,072.32 million. It is projected to garner US$ 4,401.39 million by 2028 to expand at 13.4% CAGR during 2022–2028.
Based on category, the North America Halal Cosmetic Market is segmented into men, women, and unisex. The unisex segment held 43.05% market share in 2022, amassing US$ 2,195.96 million. It is projected to garner US$ 4,487.95 million by 2028 to expand at 12.7% CAGR during 2022–2028.
Based on distribution channel, the North America Halal Cosmetic Market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The specialty stores segment held 37.17% market share in 2022, amassing US$ 1,895.68 million. It is projected to garner US$ 4,056.50 million by 2028 to expand at 13.5% CAGR during 2022–2028.
Based on country, the North America Halal Cosmetic Market has been categorised into the US, Canada, and Mexico. Our regional analysis states that US captured 74.49% market share in 2022. It was assessed at US$ 3,799.52 million in 2022 and is likely to hit US$ 8,186.02 million by 2028, exhibiting a CAGR of 13.6% during the forecast period.
Key players dominating the North America Halal Cosmetic Market are Clara International Beauty Group,Inglot Cosmetics,OnePure LLC,PHB Ethical Beauty Ltd, IVY Beauty Corporation, and Sampure Minarals among others.
- May-2022, Face Regimen was launched by IVY Beauty Corporation on 17th May 2022 of male face care.
- May-2022,Ivy Stayfresh product was launched by IVY Beauty Corporation on 17th May 2022 for female hygiene purpose.