26-Feb-2020 | Zion Market Research
Zion Market Research has published a new report titled “Global Halal Ingredients Market – By Type (Ingredients for Food & Beverage Industry, Ingredients for Pharmaceutical Industry, and Ingredients for Cosmetics Industry), By Application (Food & Beverages, Pharmaceuticals, and Cosmetics), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.” According to the report, global demand for the Halal Ingredients market was valued over USD 46 Billion in 2019 and is expected to reach a CAGR of 6.5% between 2019 and 2025.
Browse the full “Global Halal Ingredients Market – By Type (Ingredients for Food & Beverage Industry, Ingredients for Pharmaceutical Industry, and Ingredients for Cosmetics Industry), By Application (Food & Beverages, Pharmaceuticals, and Cosmetics), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/halal-ingredients-market
Food and beverages category is projected to lead the global Halal Ingredients market during the forecast period
The food & beverages category dominated the Halal Ingredients market in 2018. The reason behind the dominance is the rising consumer demand owing to the food companies growing product innovations and offering halal products to caterers. The food companies are basically trying to gain trust of consumers through several marketing initiatives and developing a variety of halal products, thereby boosting the global Halal Ingredients market. The major factor driving the Halal Ingredients market is the health benefits and cleanliness associated with halal-certified foods. Furthermore, the escalating standardization in the halal certification sector is estimated to provide new growth avenues to the halal ingredients producers in the food and beverage industry.
Flavor category is estimated to hold the largest market share in the global Halal Ingredients market during the forecast period
Flavors category is estimated to hold the largest share of the global Halal Ingredients market during the forecast period. Flavors help stimulate or provide intense taste, balance the after processing flavor, alter the flavors, and also bring about unexpected flavor. The increasing demand for flavors among the younger generation in convenience foods coupled with high consumer product demand is anticipated to help halal-based flavors dominate the global Halal Ingredients market. Furthermore, the flavor firms’ inclination toward halal certification is projected to open a new door of opportunities for producers in the Halal Ingredients market.
The Middle East market is projected to exhibit significant CAGR during the forecast period
The Middle East is projected to be the fastest-growing regional market for halal ingredients owing to the favorable government regulations in various countries. The increasing population and expanding business in the Middle East to meet up to the increasing demands of the growing population in the region is driving the overall Halal Ingredients market. Moreover, the rapid economic growth owing to the stable political environment in regions such as Saudi Arabia, Iran, and the UAE is predicted to bolster the growth in the food & beverage and consumer product industries. The growing population and rising disposable income in the region are factors fuelling the sales of halal ingredients based products which, in turn, are predicted to supplement the growth of the Halal Ingredients market.
Key Market Players
Some of the key players in the global Halal Ingredients market include Cargill, Ashland, Koninklijke DSM N.V., ADM, BASF, DowDupont, Solvay S.A., Kerry, Symrise, Purecircle Limited, Barentz B.V., and Halagel.
The report categorizes the global Halal Ingredients market into:
Global Halal Ingredients Market: By Type Segmentation Analysis
Global Halal Ingredients Market: By Application Segmentation Analysis
Global Halal Ingredients Market: By Regional Segmentation Analysis
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