Shifting consumer preferences towards strict adherence to the halal code and inflating product portfolio of industry participants are anticipated to boost the growth of Saudi Arabia halal cosmetics market in the forecast period, 2023-2027.
According to TechSci Research report, “Saudi Arabia Halal Cosmetics Market - By Region, Competition Forecast & Opportunities, 2027”, the Saudi Arabia halal cosmetics market is expected to witness steady growth in 2023-2027. Halal cosmetics represents the beauty products made by utilizing specific ingredients that are permissible as per the Islamic Sharia law. They include several products, such as color cosmetics, skincare, haircare, fragrances, and body care. Halal cosmetics are free from elements that are forbidden for Muslims to consume, which includes alcohol and animal-derived ingredients. The rising need of halal fragrance among Muslim consumers for personal grooming propels the growth of the market. Halal cosmetics have witnessed major adoption among the Muslim consumers on account of the escalating demand for trending beauty products that adhere to religious loyalties. The halal cosmetics market has expanded its product base to eminently tap into the cosmetics market owing to increase in demand for halal cosmetic products worldwide, particularly regions dominated by Muslim population including UAE, Saudi Arabia, Indonesia, Malaysia, Turkey, and others. With this, the growing awareness among Muslim consumers regarding the substances utilized in personal care products is presumed to positively influence the Saudi Arabia halal cosmetics market growth over the upcoming years.
Since Muslims encompass a significant part of the Saudi Arabia population, they thrive in the mainstream cosmetic industry to meet their needs. Consequently, various manufacturers started launching Shariáh compliant products with a focus mainly on the Muslim population.
However, trust issue in the integrity of cosmetic products due to the weak halal standards and authentic certification bodies that regulate the utilization of ingredients in the cosmetic products is projected to limit the market growth.
Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on "SAUDI ARABIA HALAL COSMETICS MARKET"
Saudi Arabia halal cosmetics market is segmented into, type, demography, distribution channel, regional distribution, and competitive landscape.
Based on type, the market is divided into skin care, bath & shower products, makeup & color cosmetics, hair care, fragrances & deodorants and others. Skin care segment is expected to account for the largest share in the market during the forecast period, 2023-2027. The skincare products consist of body shampoos, body lotions, soaps, and sunscreen products, among others. This segment is primarily driven by expanding awareness regarding health and hygiene. Halal skincare products offer essential care with assured standards, which promotes the segmental growth.
Based on demography, the market is segmented into men, women and unisex. Unisex segment is anticipated to hold the significant share in the market in the forecast period, 2023-2027. Due to the rising awareness among consumers is escalating the demand for unisex halal cosmetics.
Based on distribution channel, the market is divided into pharmacy, supermarket/hypermarket, departmental store, multi branded retail stores, online and others. Supermarket/hypermarket segment is estimated to witness the significant growth in the forecast period, 2023-2027. The high availability of halal cosmetics in the supermarkets or hypermarkets increases the purchasing power of consumers which accelerates the growth of this segment.
Leading market players operating in the Saudi Arabia halal cosmetics market are:
- Amara Cosmectics, Inc.
- Clara International
- IBA Halal Care
- Intercosmetic Asia Pacific Sdn. Bhd.
- Martha Tilaar Group
- MMA Bio Lab Sdn Bhd.
- Muslimah Manufacturing Sdn. Bhd.
- Nizona Corporation
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“The expanding presence of the Muslim population coupled with the growing compliance of halal certification is presently escalating the demand for halal cosmetics. In addition to this, the rising health concerns towards the high prevalence of numerous skin ailments owing to the synthetic and alcohol-based cosmetic ingredients are further supporting the growth of the market across Saudi Arabia. Along with this, the increasing working women population in the region, thereby propelling the purchase of high-quality and premium halal cosmetics, is also augmenting the market growth. Various foreign brands are introducing halal cosmetics into their product portfolios to cater to the specific needs and shifting preferences of the consumers in the Saudi Arabia region are among the major growth-inducing factors. Additionally, the emergence of e-commerce platforms that provide diverse product options, secured payment gateways, door-step delivery, etc., are projected to fuel the growth of the halal cosmetics market across Saudi Arabia till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm”.
“Saudi Arabia Halal Cosmetics Market By Type (Skin Care, Bath & Shower Products, Makeup & Color Cosmetics, Hair Care, Fragrances & Deodorants and Others), By Demography (Men, Women and Unisex), By Distribution Channel (Pharmacy, Supermarket/Hypermarket, Departmental Store, Multi Branded Retail Stores, Online and Others), By Region, Competition Forecast & Opportunities, 2027 has analyzed the future growth potential of Saudi Arabia halal cosmetics market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and assist decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with significant drivers, challenges, and opportunities in Saudi Arabia halal cosmetics market.