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.
This report analyzes and estimates the Halal Ingredients market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with forecast from 2020 to 2025 based on value (USD Billion). The report offers detailed insights of the Halal Ingredients market drivers and restraints along with their impact analysis at global level from 2015 to 2025.
The report covers in-depth analysis of the strategies adopted by major competitors in the global Halal Ingredients market. To understand the competitive landscape in the global Halal Ingredients market, an analysis of Porter’s Five Forces model is also included. The research study comprises of market attractiveness analysis, wherein all the segments are benchmarked on the basis of their market size and growth rate.
The research study provides a decisive view on the global Halal Ingredients market based on Type, Application, and Region. All the segments of the market have been analyzed based on the past, present, and future trends. The market is estimated from 2019 to 2025.
The increasing consumption of halal-based food products is also found to surge owing to the growing Muslim population and people consuming non-veg across the globe and this will likely help boost the global Halal Ingredients market growth. Furthermore, the increasing use of halal ingredients in the healthcare and pharmaceutical industries owing to the increasing demand for dietary supplements and its health benefits is expected to surge the market growth during the forecast period. Additionally, the requirement for on-the-go, convenient, nutritionally enriched, and functional food & beverage items owing to the busy lifestyle is another key factor driving the Halal Ingredients market.
The burgeoning trends of escalating awareness about functional food & beverage products and healthy snacking will further bolster the market for halal ingredients. The food companies are basically trying to gain trust of consumers through several marketing initiatives and developing 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. 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. 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.
On the basis of type, the global Halal Ingredients market is segregated into Ingredients for Food & Beverage Industry, Ingredients for Pharmaceutical Industry, and Ingredients for Cosmetics Industry. In terms of application, the market is divided into Food & Beverages, Pharmaceuticals, and Cosmetics. The regional segmentation comprises the past, present, and estimated demand for the Middle East & Africa, North America, Asia Pacific, Latin America, and Europe. The regional segment is further split into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina among others.
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