The Asia Pacific Halal Cosmetics Market is expected to reach US$ 33,709.63 million by 2028 from US$ 14,838.48 million in 2022. The market is estimated to grow at a CAGR of 14.7% from 2021 to 2028.
The concept of halal is becoming a symbol of quality assurance and lifestyle choice for religiously sensitive consumers. Currently, men and women, especially in urban areas, are showing increased interest and awareness of halal-certified cosmetic products. This trend is expected to expand in semi-urban and rural areas in the near future, providing additional incentives for cosmetic manufacturers to diversify their product portfolio and introduce new halal cosmetic product ranges. The Asia Pacific halal cosmetics market is expected to grow at a promising CAGR during the forecast period.
Asia Pacific Halal Cosmetics Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Halal Cosmetics Market Segmentation
The Asia Pacific halal cosmetics market is segmented on the basis of product type, category, distribution channel, and country. Based on product type, the market is categorized into skincare, haircare, makeup, and others. In 2022, the skincare segment emerged as the leading segment. Based on category, the market is segmented into men, women, and unisex. In 2022, the women segment has been leading the market. Based on distribution channel, the market is categorized into supermarkets and hypermarkets, specialty stores, online retail, and others. In 2022, the specialty stores segment held the largest market share.
Based on country, the market is fragmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The Rest of Asia Pacific is leading the market with a substantial share in 2022.
Inglot Cosmetics, IVY Beauty Corporation, OnePure LLC, PHB Ethical Beauty Ltd, and Sampure Minerals are the leading companies in this regional market.