Infographic SGIE 2023/24: Halal cosmetics
Korea is actively working to establish a global network to capture a larger share of the Halal cosmetics market, while India and Indonesia remain the top 2 largest markets by Muslim consumer spending on cosmetics.
Muslim consumer spending on cosmetics reached US$84 billion in 2022, up by 14.3% from US$74 billion in 2021, and is forecasted to reach US$129 billion by 2027 at a CAGR of 8.9%, according to DinarStandard's State of the Global Islamic Economy 2023/24 Report.
The State of the Global Islamic Economy 2023/24 produced by DinarStandard can be downloaded here.
Double click on the infographic below to download.
