Global Halal market is anticipated to be valued at USD 45.7 billion in 2019 and it is evaluated to grow at USD 64.8 billion by the year 2025 witnessing a CAGR of 6.0%.
Market Outline – Global Halal Ingredients Market
Halal terms refer to meat products, pharmaceuticals, food contact materials, food ingredients, cosmetics and food contract materials. The Halal Ingredients are Halal animal’s meat and obtained from when the Halal animal is slaughtered according to Sharia vegetable, fish, chemical, plants and fish origin within alcohol. The use of Halal ingredients in high in beauty products too as there an increasing demand for cosmetic products made using Halal ingredients. Soaps, lipsticks and creams are the products checked by the scientists for ensuing that whether the Halal ingredients are used or not in these products. It is any component permissible to make use of as per the Islamic law. It may be chosen to beverages and even food.
Halal Ingredients Market
The global Halal ingredients market growth is impelled greatly by cosmetic, food and beverage industry. A huge rise is observed in the intake of producing containing Halal Ingredients in the market as people are more aware about using safe and healthy products across the globe. A chief shift is observed in the supply and demand of Halal ingredients products. As the Muslim customers are becoming a best ever increasing channel for building the future growth therefore numerous industries across the globe are emphasizing on providing Halal beverages, pharmaceutical products, cosmetics and food products. Another leading force driving the growth of the market is increase in the Muslim population. Improvements in Halal certification segment also contribute greatly to influence the market significantly and create untapped opportunity for the market players. This market report is the thorough study of the beverage as well as food industry covering global market trend analysis. A few market driving factors are rising Muslim population, increasing demand for healthy products, increasing use of Halal ingredients, and increasing dependency of Non-OLC countries on Halal food industries. All these factors lead to the market expansion hugely. There are some market restraints such as high price of production and lack of consistency in various countries for
This market report further depicts the in detail market segmentation by type, application, ingredient and geography. The market is anticipated to record high growth during forecast period. Opportunities and key statistics about industry plays are also provided.
Global Halal Ingredients Market: Segmentation
- Convenience Food Products
- Bakery Products
- Beverage Products
- Food &Beverage
- Confectionary Products
- Meat & Poultry Products
By Product Type
- Personal Care Products
- Skin Care
- Color Cosmetics
By Distribution Channels
By Ingredient Type
- Ingredients for the Food & Beverage Industry
- Protein (Concentrates + Isolates)
- Hydrocolloids (Thickeners, Binders, Stabilizers)
- Ingredients for the Pharmaceutical Industry
- Active Pharma Ingredients
- Ingredients for the Cosmetic Industry
- Active Ingredients
- Specialty Additives
- North America
- South America
- Rest of Europe
- South Korea
Asia Pacific and Middle East are two stronger market regions for Halal products. The huge population of Muslims is located in both of these regions in countries such as Bangladesh, Indonesia, India and Pakistan. Consequently the Halal ingredients certifications are increasing in such regions greatly. Muslim community size is increasing day by day in Latin and North America and will grow in future also and create huge opportunities in Halal Ingredients market.
Global Halal ingredient market players”
Some of the key players operating in the global Halal ingredient market include:
- Nestle Pvt. Ltd
- MAKE-UP ART COSMETICS
- Amara cosmetics
- Tesco Stores
- Del Monte Phil’s., Inc.
- Burger King Corporation
- Lush Retail Ltd.
- Porters Five Forces model aids to examine the prospective of buyers & suppliers and the cutthroat sketch of the market, which is anticipated to guide the industry players in bringing successful strategies accordingly.
- It depicts the recent trends and future picture of the market from 2019 to 2026 to understand the current opportunities as well as the investment pockets.
- This report outlines an in detail analysis of the air separation plant market to recognize the potential investment pockets.
- The market growing drivers, restrains, and opportunities and their thorough impact analyses have been explained here.