Infographic SGIE 2022: Halal cosmetics
DinarStandard’s State of the Global Islamic Economy (SGIE) report 2022 estimates that Muslim spend on cosmetics increased by 6.8% in 2021, from $65 billion to $70 billion, and is expected to grow by a further 7.2% in 2022 to $75 billion and reach $93 billion in 2025 at a four-year compound annual growth rate (CAGR) of 7.4%.
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