Global Halal Ingredients Market Size, Trends & Growth Opportunity, By Type (Ingredients for the Food & Beverage Industry, Ingredients for the Pharmaceutical Industry, and Ingredients for Cosmetic Industry), By Application (Pharmaceuticals, Food & Beverages, and Cosmetics), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Report ID : IR100167 | Industries : Food and Beverage | Published On :May 2024 | Page Count : 240
Global Halal Ingredients Market Size, Trends & Growth Opportunity, By Type (Ingredients for the Food & Beverage Industry, Ingredients for the Pharmaceutical Industry, and Ingredients for Cosmetic Industry), By Application (Pharmaceuticals, Food & Beverages, and Cosmetics), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Halal Ingredients Market
Global Halal Ingredients Market was valued at USD 320.5 billion in 2021 and is expected to reach USD 406.2 billion by 2027, at a CAGR 1.55% from 2022-2027.
Halal is an Arabic word which means permitted or lawful. This term is generally used for food products, meat products, pharmaceuticals, cosmetics, personal care products, food ingredients and food contact materials. These ingredients are also used in a variety of beauty products such as creams, soaps, and lipsticks. Halal foods are permitted to be eaten by those observing Islamic teachings. Muslims are not allowed to consume foods or beverages that are Haram, or forbidden.
Market Drivers
Increasing demand for healthy and safe products is the key driving factor which is expected to propel the global halal ingredients market growth. Furthermore, increasing Muslim population is expected to boost the market growth.
Moreover, growing demand for halal ingredients in many industries such as food & beverage, cosmetic, and pharmaceutical will have a positive impact on market growth. Additionally, improvement in the halal certification sector will generate the opportunity for the market during this forecast period 2027.
Market Restraints
However, lack of uniformity for halal ingredient standards in different countries is the challenging factor which is expected to hinder the global halal ingredients market growth. Also, high production cost will obstruct the market growth.
Market Segmentation
The Global Halal Ingredients Market is segmented into types such as Ingredients for the Food & Beverage Industry, Ingredients for the Pharmaceutical Industry, and Ingredients for Cosmetic Industry.
Further, the market is segmented into applications such as Pharmaceuticals, Food & Beverages, and Cosmetics.
Regional Analysis
The Global Halal Ingredients Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The Middle East region is expected to have the fastest rate of growth for halal ingredients. The market is being driven by favourable government laws in GCC nations for halal cuisine. The Middle Eastern countries’ expanding populations are boosting the global halal food sector.
Market Key Players
Various key players are discussed into the Global Halal Ingredients Market Report including: DowDupont, Archer Daniels Midland, Koninklijke Dsm N.V, Kerry, Solvay S.A., Barentz International Bv, Cargill, BASF, Ashland, Symrise, SAAF International, and Others.
Market Taxonomy
By Type
• Ingredients for the Food & Beverage Industry
• Ingredients for the Pharmaceutical Industry
• Ingredients for Cosmetic Industry
By Application
• Pharmaceuticals
• Food & Beverages
• Cosmetics
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Halal Ingredients Market TOC:
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Halal Ingredients Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Halal Ingredients Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Halal Ingredients Market Share Analysis, By Type
5.3 Global Halal Ingredients Market Size and Forecast, By Type
5.3.1 Ingredients for Food & Beverage industry
5.3.2 Ingredients for the Pharmaceutical Industry
5.3.3 Ingredients for Cosmetic Industry
6 Global Halal Ingredients Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Halal Ingredients Market Share Analysis, By Application
6.3 Global Halal Ingredients Market Size and Forecast, By Application
6.3.1 Pharmaceuticals
6.3.2 Food & Beverages
6.3.3 Others
7 Global Halal Ingredients Market, By Region
7.1 Global Halal Ingredients Market Share Analysis, By Region
7.2 Global Halal Ingredients Market Share Analysis, By Region
7.3 Global Halal Ingredients Market Size and Forecast, By Region
8 North America Halal Ingredients Market Analysis and Forecast (2022 – 2027)
8.1 Introduction
8.2 North America Halal Ingredients Market Share Analysis, By Type
8.3 North America Halal Ingredients Market Size and Forecast, By Application
8.4 North America Halal Ingredients Market Size and Forecast, By Country
8.4.1 U. S
8.4.2 Canada
8.4.3 Mexico
9 Europe Halal Ingredients Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 Europe Halal Ingredients Market Share Analysis, By Type
9.3 Europe Halal Ingredients Market Size and Forecast, By Application
9.4 Europe Halal Ingredients Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Halal Ingredients Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Asia Pacific Halal Ingredients Market Share Analysis, By Type
10.3 Asia Pacific Halal Ingredients Market Size and Forecast, By Application
10.4 Asia Pacific Halal Ingredients Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of Asia Pacific
11 Latin America Halal Ingredients Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Latin America Halal Ingredients Market Share Analysis, By Type
11.3 Latin America Halal Ingredients Market Size and Forecast, By Application
11.4 Latin America Halal Ingredients Market Size and Forecast, By Country
11.4.1 Brazil
11.4.2 Rest of Latin America
12 Middle East Halal Ingredients Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Middle East Halal Ingredients Market Share Analysis, By Type
12.3 Middle East Halal Ingredients Market Size and Forecast, By Application
12.4 Middle East Halal Ingredients Market Size and Forecast, By Country
12.4.1 Saudi Arabia
12.4.2 UAE
12.4.3 Egypt
12.4.4 Kuwait
12.4.5 South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 DowDupont
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Archer Daniels Midland
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Koninklijke Dsm N.V
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Kerry
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Solvay S.A
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Barentz International B.V.
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Cargill
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Labcold Ltd.
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 BASF
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Ashland
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies