Halal Ingredients Market Size, Share, Growth, Trends, and Forecast by 2031

MARKET INTRODUCTION

Halal is an Arabic word which means permitted or lawful. Halal terms are generally used for food products, meat products, personal care products, cosmetics, pharmaceuticals, food ingredients and food contact materials. Halal ingredients are those which are free from any component that Muslims are prohibited from consuming according to Islamic law (Sharia). The halal ingredient are halal animal's meat when the animal is slaughtered according to sharia rules, vegetable, plants, fish and chemical origin without alcohol.

MARKET DYNAMICS

The increase in the Muslim population is expected to remain the dominant force driving the demand for halal ingredients market. Furthermore, the rise in the consumption of products with halal ingredients among the consumer due to various health benefit is also projected to influence the halal ingredients market significantly. Moreover, increasing demand for halal ingredients market is driven by food and beverage and cosmetic industry. Improvements in the halal certification sector, in turn, are anticipated to generate untapped opportunity for the market participants.

MARKET SCOPE

The "Global Halal Ingredients Market Analysis to 2031" is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of halal ingredients market with detailed market segmentation by application, ingredient type and geography. The global halal ingredients market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading halal ingredients market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global halal ingredients market is segmented on the basis of application and ingredient type. Based on application, the market is segmented into food &beverage, cosmetics and pharmaceuticals. On the basis of the ingredient type the market is segmented into ingredients for the food & beverage industry, ingredients for the pharmaceutical industry and ingredients for the cosmetic industry.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global halal ingredients market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The halal ingredients market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting halal ingredients market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the halal ingredients market in these regions.

MARKET PLAYERS

The reports cover key developments in the halal ingredients market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from halal ingredients market are anticipated to lucrative growth opportunities in the future with the rising demand for halal ingredients in the global market. Below mentioned is the list of few companies engaged in the halal ingredients market.

The report also includes the profiles of key halal ingredients companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

• Ashland Global Specialty Chemicals Inc.
• Barentz International B.V.
• BASF SE
• Cargill, Incorporated
• DuPont de Nemours, Inc.
• Halagel (M) Sdn. Bhd.
• Kerry Group plc
• Koninklijke Dsm N.V
• Symrise AG
• The Archer Daniels Midland

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Halal Ingredients Report Scope