$16 billion
of cosmetics exports to OIC* countries
(2019)
Signals of opportunities
Big
Impact
Small
Impact
Weak
Signal
Strong
Signal
Government Leaders
Investments
$125 million
in halal-related cosmetics investments 2019/20*
Indonesia’s online cosmetics marketplace, Sociolla raised $98 million in series D and E co-led by Temasek and EV Growth.
Turkey’s cosmetics company, Özen Kisisel Bakim Ürünleri Üretim A.S. was acquired by Japan’s Daio Paper Corporation for $26.7 million.
Deals
Top countries with # of related deals
COVID-19 Impact Projections
Halal Cosmetics
Represented by $66 billion of spending by 1.9 billion Muslims on cosmetics (2019 est.)
Top 5 cosmetics Muslim consumer markets (2019)