Halal Cosmetics Forecast To Be Major Thing In Beauty Market In 2016, Analysts Say

Demand for “halal” cosmetics is expected to drive growth in the beauty market in 2016, according to market analysts. Halal refers to what is permitted or lawful in Islam; hence, “halal cosmetics” refers to beauty products that do not have pork or alcohol ingredients. Beauty brands are taking notice of the Muslim market, estimated to be worth $2 billion worldwide in 2013 and is forecast to grow to $3.7 billion by 2019. Muslim consumers spent $46 billion on cosmetics in 2013, according to market research firm Thomson Reuters.