Halal cosmetics market set to surpass $144 billion by 2031
The global halal cosmetics market is on a rapid growth trajectory and projected to exceed $144 billion by 2031.
That’s according to a new Allied Market Research report.
Valued at $30.7 billion in 2020, the sector is expected to grow 15.2% by 2031.
Analysts say this surge is driven by the expanding Muslim population and the increased demand for religiously compliant personal and beauty care products.
Key segments are personal care, color cosmetics, and fragrances.
Color cosmetics are expected to lead with a forecasted $48.8 billion by 2031.
Offline sales remain dominant, offering consumers a chance to verify product authenticity.
Observers say that as halal certifications continue to guide consumer choices, the market’s growth reflects a broader trend toward inclusive and ethically conscious beauty products.
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