The increase in skincare products is vast in among almost all world regions. Females mostly prefer skincare products, but nowadays, men even use them to enhance their look. Therefore, skincare products are no longer gender-specific. Skincare products are categorized into various types; Halal skincare products are one of the types. Halal skincare products are those where no animal product is used; it is completely free from animal-derived ingredients and is named halal according to Islamic law.
The Halal skincare market is estimated to surpass US$ 1,214.0 million by the end of 2030 in terms of revenue, exhibiting a CAGR of 10.8% during the forecast period (2022 to 2030).
Halal skincare products do not include substances such as pig fat and other animal-derived ingredients such as lanolin, keratin, gelatin, as well as alcohol and harsh chemicals like sulfates, parabens, etc. Demand for halal testing is on the rise in South East Asia due to growing awareness about halal products among consumers of specific communities, as they ensures authenticity and integrity of cosmetics products. Additionally, an increasing number of consumers are becoming aware of the transdermal nature of cosmetics and are concerned about the nature of the ingredients their bodies absorb. This concern as well as increasing demand for healthy products in South East Asia is driving the growth of the halal skincare products market in various countries of South East Asia such as Malaysia, the Philippines, Singapore, Thailand and Vietnam.
The skincare market is dominated by established western brands. These brands are widely available and easily accessible by consumers. Major non-halal cosmetic brands such as The Body Shop, 100% Pure, Eccobella, and many more are easily and widely available. These are perceived by some consumers as substitutes for cosmetics that do not conform to halal certification. The influence of westernization including western cosmetic brands that are not halal certified is still one of the major concerns for the South East Asia halal skincare market growth. All the above factors are expected to hamper the target market growth over the forecast period.
|Base Year:||2021||Market Size in 2021:||US$ 476.0 Mn|
|Historical Data for:||2017, 2018, and 2019||Forecast Period:||2022 to 2030|
|Forecast Period 2022 to 2030 CAGR:||10.8%||2030 Value Projection:||US$ 1,214.0 Mn|
Amara Halal Cosmetics, Andalou,Clara International Beauty Group, COSMECCA KOREA, COSRX, Ecotrail Personal Care Pvt. Ltd., Halal Korea Co., Ltd., INGLOT Cosmetics, INIKA organic, IVY Beauty Corporation, KOLMAR KOREA, SO.LEK Cosmetics, and Talent Cosmetics
|Restraints & Challenges:||
Rising Muslim population in South East Asia is one of the major trends augmenting the growth of the region’s halal skincare market. Hence, manufacturers are focusing on manufacturing products that cater to the specific needs of this section of the population. For instance, in December 2019, according to data published by The Wisconsin Economic Development Corporation (WEDC), a public-private agency in the state of Wisconsin designed to assist business development and innovation, Malaysia’s domestic market is strong, as 60% of its population of 32 million practices Islam and the country is also a leading destination for Muslim travellers from around the world. Moreover, The Wisconsin Economic Development Corporation (WEDC) also stated that Indonesia is also the number-one Islamic food consumer market in the world, with consumer spending of US$ 173 billion in 2018, according to the State of the Global Islamic Economy Report 2019-20.
Figure 1. South East Asia Halal Skincare Market Revenue Share (%), By Product Type, 2020
Among product type, cream & lotions segment held a major market share of 47.5% in 2020 and is expected to retain its dominance throughout the forecast period. Consumers significantly utilize skincare products to keep their skin healthy and glowing. Awareness and acceptance of halal skincare products among consumers contribute to the popularity of halal certified skincare products.
Figure 2. South East Asia Halal Skincare Market Revenue Share (%), By End User, 2020
Among product type, Women segment held a major market share of 45.1% in 2020 and is expected to retain its dominance throughout the forecast period
South East Asia Halal Skincare Market - Impact of Coronavirus (COVID-19) Pandemic
The impact of coronavirus pandemic on South East Asia has been largely disruptive in terms of economic activity as well as loss of human lives. Almost all sectors have been adversely affected, as domestic demand and exports sharply declined. The South East Asia sub region negatively affected by the COVID-19 pandemic. The COVID-19 disrupted the value chain of halal skincare industry at all points and scales. The outbreak of the COVID-19 disrupted most of the supply chains of South East Asia halal skincare market. There has been logistics issue, owing to the less availability of manpower. The manufacturing of raw materials such as of surfactants, colorants, proteins, vitamins, plant extracts, plants, soil, water, preservatives, and antioxidants etc. were halted due to Covid-19 restrictions.
Major players operating in the South East Asia Halal Skincare market include Amara Halal Cosmetics, Andalou,Clara International Beauty Group, COSMECCA KOREA, COSRX, Ecotrail Personal Care Pvt. Ltd., Halal Korea Co., Ltd., INGLOT Cosmetics, INIKA organic, IVY Beauty Corporation, KOLMAR KOREA, SO.LEK Cosmetics, and Talent Cosmetics.
As per Islamic law, halal denotes lawful and permissible, whereas haram means prohibited. According to Islamic law, the term halal-haram rule is a part of the entirely legal system. Halal is often associated with food. Moreover, halal skincare and cosmetics products are gaining traction and surging demand among 2.4 billion Muslim populations worldwide. Apart from the Muslim population, the non-Muslim population attributes these products with ethical consumerism and more stringent quality assurance standards. Halal skincare products should not contain ingredients derived from human body parts, predatory animals, insects, reptiles, pig, and blood. The demand for halal skincare and cosmetics products among consumers is surging, but the development of halal cosmetics and the assessment of their product performance are still in their infancy, as skincare and cosmetics production is still dominated by the non-halal sector globally.
Companies are showing keen interest in entering the market with new product ranges and trusted accreditations due to increasing demand for halal skincare products among consumers in South East Asia. For instance, Wipro Unza, a company headquartered in Singapore, offers its consumers a selection of halal brands such as Eversoft, Aitken, and Enchanteur, internationally. The popularity of Wipro Unza has allowed the company to service an estimated 258,000 retail stores across Southeast Asia. Furthermore, in April 2020, SAFI, one of Malaysia’s leading brands for halal cosmetics and skincare, partnered with Tealive, a Malaysia-based bubble tea chain, launched halal skincare four facial cleansers. The above factors are expected to offer lucrative growth opportunities for the South East Asia halal skincare market players.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.