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Halal cosmetics are innovation to the cosmetic industry which comply with the concept of halal (permissible) materials in cosmetics.
Market Research Future (MRFR) perceives the global halal cosmetics market to have a noteworthy growth and advance at a CAGR of 13.40% over the forecast period which ends in 2023.
The Global Halal Cosmetics Market was valued at USD 22.74 Bn in 2017 and is expected to surpass USD 52 Bn mark by the end of 2023.
Surging awareness regarding animal welfare, social responsibility and environmentally-friendly products coupled with growing trend of veganism has been a major drive for the growth of the global halal cosmetics market.
Various celebrities are promoting the use of cruelty-free products which encourage consumers to opt for halal cosmetics.
The skin care segment is the largest segment owing to greater focus on personal care and hygiene.
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