PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1340450
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1340450
According to SPER Market Research, 'Halal Cosmetics Market Size By Product Type, By Application, End-User, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Global Halal Cosmetics Market is predicted to reach USD 140.92 billion by 2033 with a CAGR of 12.99%.
Cosmetics made in compliance with Islamic principles are known as halal cosmetics. They follow ethical production procedures and don't use substances made from animals that aren't halal. In addition to Muslim customers, halal cosmetics also appeal to others looking for ethical and animal-free goods. The sector has bright possibilities for growth because to the expanding middle class in emerging nations.
The COVID-19 pandemic had significant impacts on the global halal cosmetics market. Consumer preferences shifted, with increased demand for halal products, especially in Muslim-majority countries, due to health and ethical considerations. The pandemic also led to an e-commerce surge as consumers preferred online shopping from home. Reduced disposable income due to economic uncertainties affected overall cosmetics sales, including halal products.