South East Asia halal skincare market

Halal Skincare is fastest growing segment fueling the growth of South East Asia Halal Skincare Market

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The South East Asia Halal Skincare Market is estimated to be valued at US$ 584.37 Mn or Million in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:-

South East Asia Halal Skincare products are free from any animal-derived ingredients, alcohol, and other non-halal components which are not permissible according to Muslim beliefs. These products offer various benefits like protection and nourishment for sensitive skin as compared to conventional skincare products. The demand for halal certified, natural, and organic skincare products is growing rapidly in South East Asia region.

Market key trends:-

One of the key trends in the South East Asia Halal Skincare Market is the increasing demand for natural and organic skincare products that contain plant-based and herbal ingredients. Consumers are more inclined towards natural ingredients-based products due to growing health concerns regarding use of chemical-loaded cosmetic products. Another major trend is the rising influence of social media platforms wherein companies actively promote their natural and halal certified skincare brands, influencing purchase decisions of consumers. This has been instrumental in market growth.

Segment Analysis:-

The South East Asia halal skincare market is dominated by the facial care sub-segment. Facial care products such as facial cleansers, toners, creams and serums account for over 35% of the market share owing to rising awareness about the benefits of natural and herbal ingredients in skincare among consumers. They are increasingly opting for halal certified facial care products that hydrate, nourish and brighten the skin without any harmful chemicals.

Key Takeaways:-

The South East Asia Halal Skincare Market Demand is expected to witness high growth, exhibiting a CAGR of 10% over the forecast period, due to increasing awareness about halal certified products and rapid urbanization in Southeast Asian countries.

Regional analysis

Indonesia dominates the Southeast Asia halal skincare market with over 30% share due to the large Muslim population in the country. Malaysia and Singapore follow Indonesia in market size owing to growing demand for halal certified products among consumers and tourists from the Middle East.

Key players

Key players operating in the South East Asia halal skincare market are 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. These players are focusing on product innovation and expansion in high growth regions to increase their market share.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it