Skincare products have seen a significant surge worldwide, with women traditionally being the main consumers. However, men are now embracing these products for aesthetic purposes, blurring gender boundaries. Among the diverse range of skincare products, halal skincare stands out. It strictly adheres to Islamic law, ensuring no animal-derived ingredients are used. This category caters to those seeking products that are free from animal components.
The demand for halal skincare products is increasing in Southeast Asia as consumers become more aware of the authenticity and integrity of cosmetics. These products are free from substances like pig fat, lanolin, keratin, gelatin, alcohol, sulfates, and parabens. Consumers are also concerned about the transdermal nature of cosmetics and the ingredients their bodies absorb. This growing awareness, along with a rising demand for healthier products, is driving the market for halal skincare products in countries such as Malaysia, the Philippines, Singapore, Thailand, and Vietnam in Southeast Asia.
During the forecast period from 2022 to 2030, the Halal Skincare Market is projected to achieve a revenue exceeding US$ 1,214.0 million by the end of 2030, demonstrating a compound annual growth rate (CAGR) of 10.8%.
Major Players in the South East Asia Halal Skincare Industry:
INIKA organic
INIKA Organic was established in 2006 and is headquartered in New South Wales, Australia. It operates in over 35 countries and is engaged in producing cosmetics products with organic, vegan, natural, and chemical-free ingredients, sustaining their products as animal cruelty-free. In April 2022, Inika Organic launched its new cosmetics collection, Pure with Purpose.