GCC Halal Cosmetics Market

GCC Halal Cosmetics Market Overview:

The GCC Halal Cosmetics market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. The market is projected to register a CAGR of X% during 2023-2028, reaching US$ XX Billion by 2028. Halal cosmetics refer to beauty products produced with specific ingredients that are permissible as per Islamic Sharia Law. They are free from any parts or materials derived from a human body. These beauty products also do not contain any ingredients obtained from animals, which are prohibited under Islamic Law, or from the ones slaughtered in a non-halal manner. These products include fragrances, skincare, color cosmetics, haircare, and body care products. Halal cosmetic products are free from components forbidden for Muslims to consume, including animal-derived ingredients and alcohol. In recent years, halal cosmetic products are gaining traction due to the majority of the Muslim population across the GCC region.

One of the primary factors driving the market is the rising health concerns toward the increasing incidences of numerous skin disorders which occur due to synthetic and alcohol-based cosmetic ingredients. Additionally, the increasing number of working women in the region is escalating the demand for premium halal cosmetics. Other than this, the rising consciousness among the masses about their appearance, especially the young population, is positively influencing the market growth. Besides this, a large section of non-Muslim individuals is shifting toward halal cosmetic products as they symbolize cleanliness, safety, hygiene, and are free from any animal byproduct. Furthermore, the improved socio-economic conditions of individuals in the GCC countries are propelling the market growth. Apart from these factors, urban male consumer accounts for a significant share of the personal care products market as they have become more conscious about their appearance. Furthermore, the easy accessibility of these products on online platforms, offering door-step delivery, secured payment gateways and diverse product options, is creating lucrative growth opportunities for key players operating in the industry. Moreover, various brands are launching halal cosmetics to expand their product portfolio and cater to specific needs and preferences of consumers.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC halal cosmetics market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC halal cosmetics market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC halal cosmetics market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC halal cosmetics market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC halal cosmetics market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC halal cosmetics market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC halal cosmetics market industry. Furthermore, the value chain analysis of the GCC halal cosmetics market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

GCC Halal Cosmetics Market Segment Insights:

The GCC halal cosmetics market has been analysed as followed:

By Product Type:

• Personal Care Products
• Color Cosmetics

By Distribution Channel:

• Online
• Offline

By Country:

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC Halal Cosmetics Market Report:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customisation:

The GCC halal cosmetics market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs.