Dublin, May 13, 2025 (GLOBE NEWSWIRE) -- The "Saudi Arabia Halal Cosmetics Market, By Region, Competition, Forecast & Opportunities, 2020-2030F" has been added to ResearchAndMarkets.com's offering.
The Saudi Arabia Halal Cosmetics Market is projected to significantly grow from USD 7.78 billion in 2024 to USD 14.67 billion by 2030, showcasing a remarkable CAGR of 18.34%.
This growth is primarily driven by the increasing consumer demand for ethical and religiously compliant beauty products. The rising awareness about halal-certified cosmetics, free from haram ingredients, is a major factor propelling market expansion. Additionally, the surge in disposable income and the preference for natural and organic products align with halal standards, further boosting consumer adoption.
Key Market Drivers
Increased Government Support: The Saudi Arabian government's support through its Vision 2030 initiative plays a crucial role in propelling the halal cosmetics market. The focus on economic diversification and investment in halal industries is facilitating growth through strategic collaborations and enhanced certification systems.
The government's initiatives to improve halal certification standards and regulatory frameworks have enhanced consumer confidence. These efforts encourage local manufacturers and attract international halal brands, offering consumers an extensive range of halal-certified products. This regulatory support promises substantial growth for the market, backed by favorable policies, incentives, and investments.
Expanding Middle Class: The expanding middle class in Saudi Arabia is increasingly investing in premium beauty products. As of 2022, with a significant population comprising almost 50% women, the demand for beauty products is high. Rising disposable incomes result in an increased focus on halal-certified cosmetics that align with personal and religious beliefs. This economic shift supports growth in the halal cosmetics space, making the market lucrative for both local and international players.
Increased Disposable Income: With Saudi Arabia's per capita income reaching USD 27,680, and favorable economic conditions, consumer purchasing power has increased. This rise enables consumers to prioritize quality halal cosmetics that meet ethical standards. Positive economic trends and the influence of global beauty trends through social media make the market ripe for expansion.
Key Market Challenges
Higher Production Costs: The costs associated with halal certification pose a challenge due to the stringent sourcing standards required. This often results in higher costs for raw materials and production. For local brands, managing these expenses while ensuring competitive pricing is a significant hurdle.
Increased Competition from Global Brands: The entry of international brands with extensive resources and established recognition intensifies competition. Local brands are pressured to innovate and maintain competitive pricing to attract consumer loyalty, impacting market penetration efforts.
Key Market Trends
Rising R&D Activities: To meet the demand for innovative and ethically-produced halal beauty products, companies are heavily investing in research and development. This is resulting in the introduction of advanced and sustainable product lines that align with global beauty trends.
Escalating E-Commerce Platforms: With Saudi Arabia witnessing a surge in online sales, e-commerce platforms are crucial for market reach. They facilitate access to a broad consumer base, beyond traditional retail channels, offering convenience and competitive pricing.
Increased Focus on Sustainable Packaging: Aligning with environmental concerns, brands are adopting eco-friendly packaging solutions. This approach not only reduces the environmental footprint but also strengthens consumer trust and brand loyalty.
Segmental Insights:
Type Insights: The skincare segment dominates the market due to consumers' preference for effective, natural halal-certified solutions. These products cater to the specific climatic needs of the region.
Regional Insights: The Northern & Central regions lead the market with a large urban consumer base. Cities like Riyadh and Jeddah are at the forefront of adopting global beauty trends, supporting robust growth in the halal cosmetics sector.
Key Market Players:
- Clara International Beauty Group
- Ecotrail Personal Care Private Limited
- INIKA Organic
- Intercosmetic Asia Pacific Sdn Bhd
- Nizona Marine Products
- Aykiz Cosmetics
- Halal Laboratories
- Everyday Herbal Beauty Care
- Halal Beauty, Inc.
- Sophim Iberia S.L
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Voice of Customers
5. Saudi Arabia Halal Cosmetics Market Outlook
6. Saudi Arabia Men Halal Cosmetics Market Outlook
7. Saudi Arabia Women Halal Cosmetics Market Outlook
8. Saudi Arabia Unisex Halal Cosmetics Market Outlook
9. Market Dynamics
10. SWOT Analysis
11. Market Trends & Developments
12. Saudi Arabia Economic Profile
13. Policy & Regulatory Landscape
14. Competitive Landscape
15. Strategic Recommendations/Action Plan
Companies Featured
- Clara International Beauty Group
- Ecotrail Personal Care Private Limited
- INIKA Organic
- Intercosmetic Asia Pacific Sdn Bhd
- Nizona Marine Products
- Aykiz Cosmetics
- Halal Laboratories
- Everyday Herbal Beauty Care
- Halal Beauty, Inc.
- Sophim Iberia S.L
For more information about this report visit https://www.researchandmarkets.com/r/bq1227
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