In 2020, Indonesia recorded the largest population of Muslims worldwide, with around 239 million. This was followed with around 226.88 million Muslims in Pakistan and 213 million Muslims in India.

From 2022 to 2060, the worldwide population of Muslims is expected to increase by **** percent. For the same period, the global population of Buddhists is expected to decrease by **** percent.

In 2020, around 28.8 percent of the global population were identified as Christian. Around 25.6 percent of the global population identify as Muslims, followed by 14.9 percent of global populations as Hindu. The number of Muslims increased by 347 million, when compared to 2010 data, more than all other religions combined.

Islam is the major religion in many African countries, especially in the north of the continent. In Comoros, Libya, Western Sahara, at least 99 percent of the population was Muslim as of 202. These were the highest percentages on the continent. However, also in many other African nations, the majority of the population was Muslim. In Egypt, for instance, Islam was the religion of 79 percent of the people. Islam and other religions in Africa Africa accounts for an important share of the world’s Muslim population. As of 2019, 16 percent of the Muslims worldwide lived in Sub-Saharan Africa, while 20 percent of them lived in the Middle East and North Africa (MENA) region. Together with Christianity, Islam is the most common religious affiliation in Africa, followed by several traditional African religions. Although to a smaller extent, numerous other religions are practiced on the continent: these include Judaism, the Baha’i Faith, Hinduism, and Buddhism. Number of Muslims worldwide Islam is one of the most widespread religions in the world. There are approximately 1.9 billion Muslims globally, with the largest Muslim communities living in the Asia-Pacific region. Specifically, Indonesia hosts the highest number of Muslims worldwide, amounting to over 200 million, followed by India, Pakistan, and Bangladesh. Islam is also present in Europe and America. The largest Islamic communities in Europe are in France (5.72 million), Germany (4.95 million), and the United Kingdom (4.13 million). In the United States, there is an estimated number of around 3.45 million Muslims.

India Census: Population: by Religion: Muslim: Urban data was reported at 68,740,419.000 Person in 2011. This records an increase from the previous number of 49,393,496.000 Person for 2001. India Census: Population: by Religion: Muslim: Urban data is updated yearly, averaging 59,066,957.500 Person from Mar 2001 (Median) to 2011, with 2 observations. The data reached an all-time high of 68,740,419.000 Person in 2011 and a record low of 49,393,496.000 Person in 2001. India Census: Population: by Religion: Muslim: Urban data remains active status in CEIC and is reported by Census of India. The data is categorized under India Premium Database’s Demographic – Table IN.GAE001: Census: Population: by Religion.

In 2023, it was estimated that approximately ** percent of the Indonesian population were Muslim, accounting for the highest share of Muslims in any Southeast Asian country. Indonesia also has the world's largest Muslim population, with an estimated *** million Muslims. Demographics of Indonesia The total population of Indonesia was estimated to reach around *** million in 2028. The median age of the population in the country was at an all-time high in 2020 and was projected to increase continuously until the end of the century. In 2020, the population density in Indonesia reached its highest value recorded at about ***** people per square kilometer. Shopping behavior during Ramadan in Indonesia Nearly all Muslims in Indonesia celebrated Ramadan in 2022. During the month of Ramadan, ** percent of Indonesian users utilized online applications to order food. Many Indonesians planned to shop online or offline during Ramadan, with around ** percent of online users planning to purchase fashion wear and accessories. Shopee was the most used app for shopping purposes during that period.

This statistic shows the estimated number of Muslims living in different European countries as of 2016. Approximately **** million Muslims were estimated to live in France, the most of any country listed. Germany and the United Kingdom also have large muslim populations with **** million and **** million respectively.

Census: Population: by Religion: Muslim: Uttarakhand data was reported at 1,406,825.000 Person in 03-01-2011. This records an increase from the previous number of 1,012,141.000 Person for 03-01-2001. Census: Population: by Religion: Muslim: Uttarakhand data is updated decadal, averaging 1,209,483.000 Person from Mar 2001 (Median) to 03-01-2011, with 2 observations. The data reached an all-time high of 1,406,825.000 Person in 03-01-2011 and a record low of 1,012,141.000 Person in 03-01-2001. Census: Population: by Religion: Muslim: Uttarakhand data remains active status in CEIC and is reported by Office of the Registrar General & Census Commissioner, India. The data is categorized under India Premium Database’s Demographic – Table IN.GAE003: Census: Population: by Religion: Muslim.

Pew Research Center surveyed 13,122 adults across six countries in Asia about religious identity, beliefs, and practices, using nationally representative methods. Interviews were conducted face-to-face in Cambodia, Indonesia, Sri Lanka, and Thailand. They were conducted on mobile phones in Malaysia and Singapore. Local interviewers administered the survey from June to September 2022, in eight languages.

This survey is part of the Pew-Templeton Global Religious Futures project, a broader effort by Pew Research Center to study religious change and its impact on societies around the world. The Center previously has conducted religion-focused surveys across sub-Saharan Africa; the Middle East-North Africa region and many countries with large Muslim populations; Latin America; Israel; Central and Eastern Europe; Western Europe; India; and the United States.

This survey includes three countries in which Buddhists make up a majority of the population (Cambodia, Sri Lanka, and Thailand); two countries with Muslim majorities (Malaysia and Indonesia); and one country that is religiously diverse, with no single group forming a majority (Singapore). We also are surveying five additional countries and territories in Asia, to be covered in a future report.

Pew Research Center has produced a supplemental syntax file containing SPSS code to generate common analytic variables in the survey's corresponding report and toplines. The ARDA has provided this syntax in a copyable PDF document as an additional download.

Census: Population: by Religion: Muslim: Karnataka: Female data was reported at 3,885,194.000 Person in 03-01-2011. This records an increase from the previous number of 3,160,545.000 Person for 03-01-2001. Census: Population: by Religion: Muslim: Karnataka: Female data is updated decadal, averaging 3,522,869.500 Person from Mar 2001 (Median) to 03-01-2011, with 2 observations. The data reached an all-time high of 3,885,194.000 Person in 03-01-2011 and a record low of 3,160,545.000 Person in 03-01-2001. Census: Population: by Religion: Muslim: Karnataka: Female data remains active status in CEIC and is reported by Office of the Registrar General & Census Commissioner, India. The data is categorized under India Premium Database’s Demographic – Table IN.GAE003: Census: Population: by Religion: Muslim.

In 2024, Nigeria had the largest Muslim population in Africa, with around 105 million people who belonged to an Islamic denomination. Egypt and Algeria followed with 90.4 million and 39.4 million Muslims, respectively. Muslims have a significant presence in Africa, with an estimated 50 percent of the continent's population identifying as Muslim. The spread of Islam in Africa began in the 7th century with the arrival of Arab traders, and it continued through Islamic scholars and missionaries.

In 2022, ** percent of Hindus and Buddhists worldwide lived in Asia-Pacific. In comparison, ** percent of Jews lived in North America, and **** percent lived in the Middle East and North Africa. Christians were more evenly divided around the continents.

The Halal cosmetics market, valued at $91.50 million in 2025, is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 7.48% from 2025 to 2033. This expansion is driven by the increasing global Muslim population, a rising awareness of natural and ethically sourced ingredients, and a growing demand for products aligning with Islamic principles. The market's segmentation reveals significant opportunities across various product types, including skincare, hair care, color cosmetics, and fragrances. Distribution channels are diversifying, with online retail stores witnessing considerable growth alongside traditional avenues like supermarkets, specialty stores, and convenience stores. Key players like INIKA Organic, IVY Beauty Corporation, and others are capitalizing on this burgeoning market, offering a wide range of high-quality, Halal-certified products. The Asia Pacific region, particularly countries like Indonesia, Malaysia, and the Middle East, are expected to be key growth drivers due to a large Muslim population and strong cultural ties to personal care. However, challenges remain, including stringent regulatory requirements for Halal certification and the need for consistent product quality and innovation to meet evolving consumer preferences. Continued growth in the Halal cosmetics market is projected through 2033, fueled by several factors. The increasing purchasing power of the Muslim population, especially in developing economies, coupled with the rise of social media influence and increased brand awareness within the community, contributes to this optimistic outlook. Further segmentation within the market, focusing on specific needs such as sensitive skin or specific hair types, will also drive innovation and market expansion. Moreover, partnerships between established cosmetic brands and Halal certification bodies can accelerate market penetration and build consumer trust. Geographical expansion into new markets, particularly in regions with a growing Muslim population, presents lucrative opportunities for market players. Therefore, the Halal cosmetics market presents a promising investment prospect for both established players and emerging brands, driven by strong consumer demand, technological advancements, and a clear focus on ethical and religious compliance. Recent developments include: In November 2022, Iba Cosmetics partnered with Believe company based in Singapore. Believe company has invested USD 10 million to partner with Iba Cosmetics to distribute and expand their retail market space across operating countries such as Middle Eastern countries and European and South Asia countries., In April 2022, Inika Organic launched its new cosmetics collection named Pure with Purpose. The range of products included in the group is Lash & Brow Serum, Hydrating Toning Mist, Eyeshadow Quads, Brow Palette, and more. These products are claimed to be 100% natural, vegan-certified, halal-certified, and cruelty-free., In December 2021, The dUCK Group expanded its presence across Singapore by opening its new retail cosmetic store. The store is located a 1,800 square feet in Haji Lane, Singapore. The store retails its exclusive, newly launched collection and limited edition pieces in the store.. Notable trends are: Growing Muslim Population Boost the Demand for Halal Cosmetics.

This statistic displays the projected Muslim population proportions in selected European countries in 2050, by scenario. In 2010 the proportion of Muslims in the population of Germany was *** percent, compared with *** percent in the UK and *** percent in France. Depending on the different migration scenarios estimated here, Germany's share of Muslims in the population could rise up to **** percent of it's population by 2050, higher than both the UK and France, with projected Muslim populations of **** and ** percent respectively.

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Europe Halal Food Market Size 2024-2028

The Europe halal food market size is projected to increase by USD 35.1 billion, at a CAGR of 3.21% between 2023 and 2028. The market is experiencing significant growth, fueled by the expanding Muslim population and increasing consumer awareness of halal products as well as halal cosmetics and personal care among both Muslims and non-Muslims. This trend is reflected in global markets, where demand is on the rise. The offline segment, consisting of traditional brick-and-mortar stores, supermarkets, and specialty shops, caters to the need for convenience and offers a diverse range of certified halal products, from fresh produce to halal food. Market forecasts and analysis indicate a positive outlook for this sector, making it an attractive investment opportunity for businesses seeking to capitalize on shifting consumer consumption trends.

What will be the Size of the Europe Halal Food Market During the Forecast Period?

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Europe Halal Food Market Segmentation

The market research report provides comprehensive data, with forecasts and estimates in 'USD Billion' for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.

Distribution Channel Outlook

  Offline
  Online





Product Outlook

  Halal MPS
  Halal BCC
  Halal FVN
  Halal beverages
  Others

By Product

The halal MPS segment in the market is experiencing notable expansion, primarily focusing on certified meat and poultry. Increasing demand stems from several factors: the rising Muslim population in Europe, heightened awareness and acceptance of practices among non-Muslims for perceived food safety and ethical sourcing. Countries like the UK and Germany have established regulations and certification procedures, ensuring compliance with such standards throughout the supply chain. Additionally, the segment offers diverse products like processed meat and convenience foods, catering to varied consumer preferences and driving market growth.

By Distribution Channel

The market share by the offline segment will be significant during the forecast period. One of the key advantages of the offline segment is the ability for customers to physically examine and select their desired products. This provides a sense of trust and confidence in the authenticity and quality of the food they purchase. Additionally, physical stores often have knowledgeable staff who can assist customers with their queries and help them find specific products.

The offline segment was valued at USD 153.50 billion in 2018.

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Furthermore, to cater to the diverse consumer preferences and regional variations within Europe, the offline market offers a wide selection of cuisine choices. However, the offline segment retains its significance, as physical stores continue to play a crucial role in providing a personalized and immersive shopping experience for consumers. Such factors are expected to drive the growth of the offline segment of the market during the forecast period.

Europe Halal Food Market Dynamics

The market is a significant segment of the global food industry, catering to consumers who follow Islamic dietary laws. Halal food products include meat, poultry, dairy, beverages, cosmetics, supplements, and more, excluding pork and alcohol. The market is driven by increasing consumer awareness and demand for Halal-certified meat products. Product developments in finished product packaging and Halal cuisine have also contributed to the market's growth. Social media advertisements play a crucial role in promoting Halal food products, reaching a wider audience, especially among the younger generation, known as Gen Z. The Halal Monitoring Committee and various certification bodies ensure the adherence to Halal principles during sourcing, transportation, and production.

Halal certification bodies follow a set of principles, including the avoidance of pain and suffering for animals during slaughter. The perceived quality of halal food exports is significantly influenced by processing methods and the interconnectedness of markets, with e-commerce platforms playing a crucial role in expanding reach and enhancing consumer trust in global trade. The poultry market holds a significant share in the market due to the high demand for chicken and turkey. Retailer formats, such as supermarkets and hypermarkets, also contribute to the market's growth by providing easy access to Halal food products. The market for Halal beverages, cosmetics, and supplements is also growing, offering consumers a wider range of choices.

Key Market Driver

The rising Muslim population in Europe is the key factor driving the market. This demographic shift fuels demand for such products that adhere to Islamic dietary g

The European Halal Foods and Beverages market, a significant segment of the global Halal industry, is experiencing robust growth, fueled by increasing Muslim populations, rising consumer awareness of Halal certification, and a growing demand for ethically sourced and high-quality food products. The market's expansion is driven by several key factors. Firstly, the increasing Muslim population in Europe, alongside a rise in Halal-conscious consumers from other religious and cultural backgrounds, significantly expands the target market. This demographic shift, coupled with increasing disposable incomes, allows for higher spending on premium Halal food and beverage options. Secondly, the growing availability of diverse Halal products, ranging from traditional staples to innovative modern offerings, caters to evolving consumer preferences and enhances market penetration. Furthermore, increased awareness of the health benefits associated with Halal dietary practices and the rigorous certification standards contribute to the market's appeal. Supermarkets and hypermarkets dominate distribution channels, reflecting the increasing mainstream integration of Halal products. However, specialty stores and online platforms are also gaining traction, catering to niche demands and providing greater convenience. Competitive forces among established international players such as Nestle and Ferrero, alongside smaller regional brands, contribute to product innovation and price competitiveness. While precise market sizing for Europe within the provided data is unavailable, we can infer growth trajectories. Given the global market's 5.61% CAGR and considering Europe's significant Muslim population and consumption patterns, a conservative estimate places the European Halal Foods and Beverages market size at approximately €2.5 Billion in 2025. This value is projected to grow considerably over the forecast period (2025-2033), driven by the factors outlined above. The growth will likely be strongest in segments offering convenience and premiumization, alongside expansion into online retail channels. The competitive landscape will remain dynamic, characterized by a mix of global giants and smaller specialized businesses vying for market share. Challenges remain; the need for consistent and transparent Halal certification practices, addressing concerns about potential price premiums, and managing supply chains are key considerations for sustained growth. Recent developments include: In June 2022, The Halal Food Company launched five new ready-made meals in Sainbury's, United Kingdom. The company offers a snack pot of chicken curry and basmati rice, peri-peri stir fry with grilled chicken, beef lasagna, shepherd's pie, and macaroni pasta with slow-cooked meatballs., In February 2022, Berlin-based startup Gethalal Group launched a food delivery service for halal foods in the country. The company's strategic plan is to reach the customer base platform and meet Muslim families' supermarket needs., In October 2021, Anuga Halal Market held a trade fair and introduced the diversity of halal foods and beverages in Europe. Anuga Halal Market covers the entire halal sector, ranging from meat and dairy products, chilled and fresh foods, cold drinks and hot beverages, refined foods, health foods, and organic produce.. Notable trends are: Increasing Muslim Population in Europe.

According to Cognitive Market Research, The Global Islamic Clothing market size is USD 62.5 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 5.50% from 2023 to 2030.

The demand for Islamic clothing is rising due to the rising popularity of Islamic clothing in the sports industry.
Demand for ethnic wear remains higher in the Islamic clothing market.
The abayas & hijabs category held the highest Islamic clothing market revenue share in 2023.
MEA will continue to lead, whereas the North American Islamic clothing market will experience the most substantial growth until 2030.

Growing Muslim Population Globally to Provide Viable Market Output

The global Muslim population is rising, driving increased demand for Islamic clothing. Modest fashion, like hijabs, abayas, and modest dresses, caters to Muslim dress codes. This trend reflects a diverse market, with designs blending tradition and modernity. Islamic clothing empowers individuals to express their faith while embracing contemporary style, with fashion brands worldwide recognizing this lucrative niche. As the Muslim population grows, the market for Islamic clothing is expected to expand, fostering cultural diversity and religious expression.

For instance, according to recent population projections by the Pew Research Center's Forum on Religion & Public Life, the globe's Muslim population is predicted to expand by about 35% in the next 20 years, increasing from 1.6 billion in 2010 to 2.2 billion by 2030.

Increasing Popularity of Islamic Clothing in the Sports Industry to Expand their Business to Propel Market Growth

Islamic clothing has gained prominence in the sports industry, reflecting a growing cultural diversity. Athletes worldwide are embracing modest yet stylish Islamic sportswear, with specialized brands offering a range of options like hijabs, long-sleeve shirts, and loose-fitting pants. This trend not only accommodates the needs of Muslim athletes but also promotes inclusivity and respect for various cultural preferences. It underscores the importance of diversity in sports, allowing athletes to perform comfortably while upholding their religious and cultural values.

For instance, in June 2022, Lululemon made a significant effort towards inclusion in its athletic wear by presenting a new line of interpretation hijabs prepared for working out and playing sports. Two sports hijabs have already been released.

Increasing Demand of Modest Fashion Fuels the Market Growth

Market Dynamics of Islamic Clothing

Lack of Awareness about Islamic Clothing Brands to Hinder Market Growth

The Islamic clothing market faces a significant challenge due to a lack of awareness about Islamic clothing brands. Many potential consumers are unaware of the existence of specialized Islamic sportswear brands or the range of products they offer. This limited awareness inhibits market growth, hindering potential customers from making informed choices and embracing these products. Raising awareness through marketing and education is crucial to bridging this gap and expanding the reach of Islamic clothing in the sports industry.

Impact of COVID–19 on the Islamic Clothing Market

The COVID-19 pandemic significantly impacted the Islamic clothing market. Due to restrictions and safety concerns, traditional brick-and-mortar stores faced reduced foot traffic, affecting sales. However, online sales of Islamic clothing saw a surge as people sought to purchase items from the safety of their homes. Moreover, the demand for modest and comfortable attire increased as remote work became more common. The market adapted by offering a more comprehensive range of online shopping options, making it easier for consumers to access Islamic clothing while adhering to pandemic restrictions, ultimately reshaping the industry's landscape. Introduction of Islamic Clothing Market

In the dynamic Islamic clothing market, key players are orchestrating strategic launches to tap into the burgeoning demand for modest apparel. Renowned brands are introducing innovative lines of Islamic clothing, such as abayas, modest activewear, and stylish hijabs. These strategic launches often collaborate with influential Muslim fashion influencers and celebrities to enhance visibility and credibility. By doing so, these industry leaders are expanding their market share and catalyzing a positive shift in fashion i...

The Halal logistics market, valued at approximately $XX million in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 7.00% from 2025 to 2033. This expansion is driven by the increasing global demand for Halal products, fueled by a burgeoning Muslim population and rising disposable incomes in key emerging markets. The market's segmentation reveals significant opportunities across diverse sectors. Food and beverages remain the dominant end-user industry, followed by pharmaceuticals, cosmetics/personal care, and chemicals. Within logistics services, storage and inventory management are crucial, alongside robust transportation networks encompassing road, rail, sea, and air freight. Key players like DB Schenker, Yusen Logistics, and Nippon Express are actively shaping the market landscape, investing in specialized infrastructure and cold chain solutions to meet the stringent requirements of Halal certification and preservation. The Asia-Pacific region is expected to lead market growth due to its large Muslim population and expanding middle class. However, challenges remain, including maintaining the integrity of the cold chain, ensuring regulatory compliance across various jurisdictions, and managing the complexities of international trade for Halal-certified goods. The Halal logistics market's future trajectory is strongly linked to the growth of the global Halal industry. Further market penetration hinges on technological advancements such as blockchain for traceability and improved temperature monitoring systems to enhance transparency and ensure product quality. The successful navigation of regulatory hurdles and the development of standardized Halal certification processes will be crucial for sustained growth. Companies are focusing on strategic partnerships to consolidate their market positions and expand their global reach. The rise of e-commerce and the increasing demand for Halal products online will also significantly impact the market's development in the coming years, driving the need for efficient and reliable last-mile delivery solutions. Continued investments in infrastructure and technological improvements will be pivotal for addressing challenges and unlocking the full potential of this dynamic market. This comprehensive report provides a detailed analysis of the Halal Logistics Market, encompassing the period from 2019 to 2033. It offers invaluable insights into market size, growth drivers, challenges, and emerging trends, equipping businesses with the knowledge needed to thrive in this rapidly expanding sector. The report uses 2025 as the base year and provides forecasts until 2033, offering a robust understanding of the market's future trajectory. This report leverages a comprehensive study period of 2019-2024 (historical period) and an estimated year of 2025 to provide a granular analysis of the Halal Logistics Market, segmented by type, end-user industry, and geography. Recent developments include: June 2022: The Halal Food Company launched five new ready-made meals in Sainsbury's, United Kingdom. The company offers a snack pot of chicken curry and basmati rice, peri-peri stir fry with grilled chicken, beef lasagna, shepherd's pie, and macaroni pasta with slow-cooked meatballs., February 2022: Berlin-based startup Gethalal Group launched a food delivery service for halal foods in the country. The company's strategic plan is to reach the customer base platform and meet Muslim families' supermarket needs.. Key drivers for this market are: Increased focus on quality and product sensitivity in the pharma industry, Automation at warehouses to increase efficiency and accuracy. Potential restraints include: Lack of efficient logistics support. Notable trends are: The Global Need for Halal Logistics is Rising as Halal Product Demand Rises.

The UK Islamic finance market, while a smaller segment of the global landscape, exhibits significant growth potential. Driven by a growing Muslim population and increasing awareness of Sharia-compliant financial products, the market is projected to experience consistent expansion over the forecast period (2025-2033). Key drivers include the rising demand for ethical and responsible investments, coupled with the increasing sophistication and accessibility of Islamic banking, insurance (Takaful), and investment instruments like Sukuk. The sector benefits from supportive regulatory frameworks and a growing number of both established international players and emerging niche providers catering specifically to the UK's Muslim community. While challenges remain, such as the need for enhanced awareness and education among the broader population and addressing specific infrastructural requirements for broader market penetration, the long-term outlook for the UK Islamic finance market remains positive. The market's growth is projected to outpace the global average CAGR, benefiting from the UK's diverse and dynamic financial sector. Although precise figures for the UK market size in 2025 are not available from the provided data, a reasonable estimate can be derived considering the global market size of $7.5 billion and applying a proportional weighting based on the UK's economic contribution and Muslim population compared to other global regions. Assuming a conservative estimate of 2% of the global market share for the UK in 2025, the market size would be approximately $150 million. Further analysis indicates strong growth prospects in Islamic banking, driven by increased demand for mortgage financing and personal banking products, and a notable expansion in the Takaful sector, reflecting a growing interest in Sharia-compliant insurance solutions. Sukuk issuance, while still relatively nascent in the UK, is expected to gain traction as investor awareness and confidence increase. UK Islamic Finance Market Report: 2019-2033 This comprehensive report provides a detailed analysis of the UK Islamic finance market, covering the period from 2019 to 2033. It offers invaluable insights into market size, growth drivers, challenges, and future trends, focusing on key segments including Islamic banking, Takaful (Islamic insurance), Sukuk (Islamic bonds), and other financial instruments. The report utilizes a robust methodology, incorporating historical data (2019-2024), base year estimates (2025), and future forecasts (2025-2033) to deliver actionable intelligence for businesses and investors. Search terms such as Islamic finance UK, Sukuk market UK, Islamic banking UK, and Takaful UK have been strategically integrated to enhance online visibility. Recent developments include: April 2023: London-based Nomo Bank has announced an innovative new partnership with Abu Dhabi-based banks ADCB and Al Hilal Bank to bring digital UK banking to UAE nationals and residents., January 2022: Non-core market sovereigns such as the UK, Maldives, and Nigeria also issued sukuk. Fitch-rated sukuk reached USD132.4 billion in 2021, 80.1% of which were investment-grade. Outlooks improved with the share of sukuk issuers, with Negative Outlooks falling to 8.8% in 4Q21 from 23.4% in 4Q20.. Key drivers for this market are: Increase in International Business and Trade, Increase in Muslim Population. Potential restraints include: Increase in International Business and Trade, Increase in Muslim Population. Notable trends are: Digital Disruption of the Financial Services.

The size of the Halal Cosmetic Products Market was valued at USD 91.50 Million in 2023 and is projected to reach USD 151.61 Million by 2032, with an expected CAGR of 7.48% during the forecast period. Halal cosmetic products are beauty and personal care items that adhere to Islamic dietary and ethical guidelines. The term "halal," meaning "permissible" in Arabic, signifies that these products are free from ingredients and processes that are forbidden under Islamic law. This includes avoiding substances derived from animals that are not slaughtered according to halal practices, such as certain animal fats and enzymes. Additionally, halal cosmetics must be free from alcohol and any other ingredients considered harmful or impure. These products are formulated using ingredients that are both ethically sourced and compliant with halal standards. They often emphasize natural and plant-based components, aligning with the values of purity and sustainability. Halal cosmetic certifications ensure that the products are produced in facilities that maintain strict hygiene and avoid cross-contamination with non-halal items. The market for halal cosmetics has been expanding due to increasing awareness and demand from Muslim consumers seeking products that align with their religious beliefs. This segment of the beauty industry caters not only to religious adherence but also to a growing interest in ethical and cruelty-free beauty products. As a result, halal cosmetics are becoming more widely available and diverse, encompassing skincare, makeup, and personal care products. Recent developments include: In November 2022, Iba Cosmetics partnered with Believe company based in Singapore. Believe company has invested USD 10 million to partner with Iba Cosmetics to distribute and expand their retail market space across operating countries such as Middle Eastern countries and European and South Asia countries., In April 2022, Inika Organic launched its new cosmetics collection named Pure with Purpose. The range of products included in the group is Lash & Brow Serum, Hydrating Toning Mist, Eyeshadow Quads, Brow Palette, and more. These products are claimed to be 100% natural, vegan-certified, halal-certified, and cruelty-free., In December 2021, The dUCK Group expanded its presence across Singapore by opening its new retail cosmetic store. The store is located a 1,800 square feet in Haji Lane, Singapore. The store retails its exclusive, newly launched collection and limited edition pieces in the store.. Key drivers for this market are: Stringent Government Regulations Regarding Worker's Safety, Importance Of Occupational Safety. Potential restraints include: Impact of Counterfeit Products Coupled With Large Unorganized Labor Population Across Various Industries. Notable trends are: Growing Muslim Population Boost the Demand for Halal Cosmetics.