According to the latest report by IMARC Group, the demand for natural and organic personal care and beauty products is growing steadily. In particular, there is a significant increase in demand for Halal cosmetics: products that comply with the Islamic guidelines of the Koran, made with permitted ingredients and avoiding prohibited contaminants.
A market reaching $30.3 bn in 2022
In 2022, the global Halal cosmetics market reached $30.3 billion. According to IMARC Group forecasts, it is expected to reach 53.2 billion by 2028, with a growth rate of 9.4% in the period 2023-2028. Increasing abundance in Muslim communities stimulates spending on personal care, fuelling demand for Halal cosmetics. The growing interest in organic and natural ingredients, combined with targeted marketing strategies, is driving the success of Halal cosmetics, reaching both the Muslim and non-Muslim markets. This trend aligns with the growing phenomenon of ethical consumerism, with Halal cosmetics emphasizing their ethical production practices.
Green Oleo, expands the range of its Halal-certified products
Green Oleo S.p.a., one of the leading European producers of oleochemicals, has recently expanded its range of HALAL-certified olive-derived products for the cosmetics market, consolidating its position in a growing market with an international growth strategy.