ASIA PACIFIC HALAL COSMETIC MARKET ANALYSIS

Market Challenges And Opportunities

Asia Pacific Halal Cosmetic Market: Market Restraints

Lack of awareness about halal cosmetics

Trust issue in the integrity of cosmetic products owing to weak global halal standards and authentic certification bodies that regulate the use of ingredients in cosmetic products is projected to hamper the market growth. According to the Coherent Market Insights analysis, there are 150 to 200 halal certification bodies globally; Malaysia has 45 such bodies, Indonesia has 40 and there are 52 across GCC countries.

The availability of well-established organic cosmetics brands is expected to be a major factor hampering the Asia Pacific halal cosmetic market growth. Major brands such as The Body Shop, Naturism, 100% Pure, and Eccobella are easily available creating challenges for the halal cosmetic market in the region. This is projected to hinder the market growth.

Rising demand for vegan beauty cosmetics

Animal welfare and living rights have even become a source of worry among today's youth. This reason is assisting the halal cosmetics industry size to thrive globally. The market is growing as customers become more aware of the benefits of using cruelty-free cosmetics that do not include any animal byproducts. The use of animals in various laboratory tests to determine the outcome of halal cosmetic products is strictly prohibited. As a result, firms are banning the use of animals in the testing of beauty goods. People are becoming more aware of the need to safeguard the animal. Veganism is a major driving force in the halal cosmetics sector. Vegan clients are propelling the Halal cosmetics companies. For Instance, According to the most recent LPPOM MUI data update, Arintawati confirmed that 794 cosmetic companies have halal certification, with 1,913 halal certificates and 75,385 halal-certified cosmetic products since 2021. Arintawati is  the Assessment Institute for Food, Drugs and Cosmetics of The Indonesian Council of Ulama