The Europe Halal Cosmetics Market is expected to reach US$ 12,833.78 million by 2028 from US$ 5,892.38 million in 2022. The market is estimated to grow at a CAGR of 13.8% from 2021 to 2028.
The increasing awareness toward harmful effects of synthetic cosmetics such as respiratory distress, skin allergy, and others has propelled the shift of consumers’ preference towards halal cosmetics. Additionally, the growth of Islamic population across the region is augmenting the expansion of Halal cosmetics market. With the growth envisaged in the coming years, new start-up cosmetics players are emerging, and the sector is diversifying its product portfolio. Also, surge in internet penetration has supplemented the growth of e-commerce and online retailing in the region. This has led to a lucrative opportunity for Halal cosmetics manufacturers to sell their product via online platforms, in order to increase their reach. Large manufacturers are thus leveraging the reach of social media for spreading awareness about the halal cosmetics to consumers. The Europe Halal Cosmetics Market is expected to grow at a good CAGR during the forecast period.
Europe Halal Cosmetics Market Segmentation
The Europe 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 Germany, France, Italy, the UK, Russia, and the Rest of Europe. Russia is leading the market with a substantial share in 2022.
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Inglot Cosmetics, IVY Beauty Corporation, OnePure LLC, PHB Ethical Beauty Ltd, and Sampure Minerals are the leading companies in this regional market.
Europe Halal Cosmetics Strategic Insights
Strategic insights for the Europe Halal Cosmetics provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Market leaders and key company profiles
Inglot Cosmetics.
IVY Beauty Corporation.
OnePure LLC.
PHB Ethical Beauty Ltd.
Sampure Minarals.
Europe Halal Cosmetics Regional Insights
The geographic scope of the Europe Halal Cosmetics refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Akshay
Senior Market Research Expert at Business Market Insights
