ASIA PACIFIC HALAL COSMETIC MARKET ANALYSIS

Asia Pacific Halal Cosmetic MarketSize and Trends

Asia Pacific Halal Cosmetic Market was valued at US$ 2.81 Bn in 2022, and is expected to exhibit a CAGR of 10.5%, in terms of revenue, over the forecast period (2023-2030) to reach US$ 6.23 Bn by 2030. The preference of consumers for halal cosmetics has changed as a result of growing awareness of the negative side effects of synthetic cosmetics, including skin allergies, respiratory distress, and others. The rise in the number of Muslims in the area is also helping the market for halal cosmetics to grow. New start-up cosmetics players are emerging as a result of the growth anticipated in the upcoming years, and the industry is diversifying its offering of goods.

Figure 1. Asia Pacific Halal Cosmetics Market, By Application, in 2022