According to a new market research report launched by Inkwood Research, the Europe halal cosmetics market demonstrates promising growth potential with a forecasted Compound Annual Growth Rate (CAGR) of 8.91% from 2023 to 2032.
This market spanning The United Kingdom, France, Germany, Italy, Spain, Belgium, Poland, and the Rest of Europe, major players like Amara Cosmetics, Clara International, Claudia Nour Cosmetics, Iba Cosmetics, Inglot, IVY Beauty Corporation, Paragon Technology and Innovation, PHB Ethical Beauty, Sampure Minerals, and WIPRO UNZA contribute to the market’s evolution.
Refer to the Report Summary Here:
The burgeoning demand for halal cosmetics is significantly driven by the rising preference for ethical and sustainable products across Europe. Consumers are increasingly seeking cruelty-free, eco-friendly, and halal-certified beauty items, aligning with their values and religious beliefs.
Key factors fueling this market growth include the expanding Muslim population in Europe, growing awareness of halal-certified products among non-Muslim consumers, and the emphasis on organic and natural ingredients in cosmetics. The assurance of meeting stringent halal standards in production processes adds to the appeal of these products.
The presence of established and emerging brands offering a wide array of halal-certified makeup, skincare, and personal care products contributes to market expansion. These brands prioritize transparency in ingredient sourcing and production methods, enhancing consumer trust and loyalty.
However, a well-known German women’s magazine found that more than one-third of German women are price conscious when it comes to cosmetic purchases. Customers in the country are also used to purchasing premium cosmetics, and the home market is said to be sizable.
As the demand for halal cosmetics continues to surge, Europe is positioned to witness a substantial rise in market size and share. The convergence of ethical consumerism, religious considerations, and the beauty industry’s evolution toward sustainable practices sets the stage for the continued growth and adoption of halal cosmetics across the European continent. By 2032, the market is expected to capture a significant revenue share, reflecting the increasing traction and acceptance of halal beauty products among diverse consumer demographics.