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 FRAMEWORKThe 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.
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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 PLAYERSThe 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
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Halal Ingredients Market - By Application
1.3.2 Halal Ingredients Market - By Ingredient Type
1.3.3 Halal Ingredients Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HALAL INGREDIENTS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. HALAL INGREDIENTS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. HALAL INGREDIENTS MARKET - GLOBAL MARKET ANALYSIS
6.1. HALAL INGREDIENTS - GLOBAL MARKET OVERVIEW
6.2. HALAL INGREDIENTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HALAL INGREDIENTS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. FOOD AND BEVERAGE
7.3.1. Overview
7.3.2. Food and Beverage Market Forecast and Analysis
7.4. COSMETICS
7.4.1. Overview
7.4.2. Cosmetics Market Forecast and Analysis
7.5. PHARMACEUTICALS
7.5.1. Overview
7.5.2. Pharmaceuticals Market Forecast and Analysis
8. HALAL INGREDIENTS MARKET - REVENUE AND FORECASTS TO 2028 - INGREDIENT TYPE
8.1. OVERVIEW
8.2. INGREDIENT TYPE MARKET FORECASTS AND ANALYSIS
8.3. INGREDIENTS FOR THE FOOD AND BEVERAGE INDUSTRY
8.3.1. Overview
8.3.2. Ingredients for the Food and Beverage Industry Market Forecast and Analysis
8.4. INGREDIENTS FOR THE PHARMACEUTICAL INDUSTRY
8.4.1. Overview
8.4.2. Ingredients for the Pharmaceutical Industry Market Forecast and Analysis
8.5. INGREDIENTS FOR THE COSMETIC INDUSTRY
8.5.1. Overview
8.5.2. Ingredients for the Cosmetic Industry Market Forecast and Analysis
9. HALAL INGREDIENTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Halal Ingredients Market Overview
9.1.2 North America Halal Ingredients Market Forecasts and Analysis
9.1.3 North America Halal Ingredients Market Forecasts and Analysis - By Application
9.1.4 North America Halal Ingredients Market Forecasts and Analysis - By Ingredient Type
9.1.5 North America Halal Ingredients Market Forecasts and Analysis - By Countries
9.1.5.1 United States Halal Ingredients Market
9.1.5.1.1 United States Halal Ingredients Market by Application
9.1.5.1.2 United States Halal Ingredients Market by Ingredient Type
9.1.5.2 Canada Halal Ingredients Market
9.1.5.2.1 Canada Halal Ingredients Market by Application
9.1.5.2.2 Canada Halal Ingredients Market by Ingredient Type
9.1.5.3 Mexico Halal Ingredients Market
9.1.5.3.1 Mexico Halal Ingredients Market by Application
9.1.5.3.2 Mexico Halal Ingredients Market by Ingredient Type
9.2. EUROPE
9.2.1 Europe Halal Ingredients Market Overview
9.2.2 Europe Halal Ingredients Market Forecasts and Analysis
9.2.3 Europe Halal Ingredients Market Forecasts and Analysis - By Application
9.2.4 Europe Halal Ingredients Market Forecasts and Analysis - By Ingredient Type
9.2.5 Europe Halal Ingredients Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Halal Ingredients Market
9.2.5.1.1 Germany Halal Ingredients Market by Application
9.2.5.1.2 Germany Halal Ingredients Market by Ingredient Type
9.2.5.2 France Halal Ingredients Market
9.2.5.2.1 France Halal Ingredients Market by Application
9.2.5.2.2 France Halal Ingredients Market by Ingredient Type
9.2.5.3 Italy Halal Ingredients Market
9.2.5.3.1 Italy Halal Ingredients Market by Application
9.2.5.3.2 Italy Halal Ingredients Market by Ingredient Type
9.2.5.4 United Kingdom Halal Ingredients Market
9.2.5.4.1 United Kingdom Halal Ingredients Market by Application
9.2.5.4.2 United Kingdom Halal Ingredients Market by Ingredient Type
9.2.5.5 Russia Halal Ingredients Market
9.2.5.5.1 Russia Halal Ingredients Market by Application
9.2.5.5.2 Russia Halal Ingredients Market by Ingredient Type
9.2.5.6 Rest of Europe Halal Ingredients Market
9.2.5.6.1 Rest of Europe Halal Ingredients Market by Application
9.2.5.6.2 Rest of Europe Halal Ingredients Market by Ingredient Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Halal Ingredients Market Overview
9.3.2 Asia-Pacific Halal Ingredients Market Forecasts and Analysis
9.3.3 Asia-Pacific Halal Ingredients Market Forecasts and Analysis - By Application
9.3.4 Asia-Pacific Halal Ingredients Market Forecasts and Analysis - By Ingredient Type
9.3.5 Asia-Pacific Halal Ingredients Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Halal Ingredients Market
9.3.5.1.1 Australia Halal Ingredients Market by Application
9.3.5.1.2 Australia Halal Ingredients Market by Ingredient Type
9.3.5.2 China Halal Ingredients Market
9.3.5.2.1 China Halal Ingredients Market by Application
9.3.5.2.2 China Halal Ingredients Market by Ingredient Type
9.3.5.3 India Halal Ingredients Market
9.3.5.3.1 India Halal Ingredients Market by Application
9.3.5.3.2 India Halal Ingredients Market by Ingredient Type
9.3.5.4 Japan Halal Ingredients Market
9.3.5.4.1 Japan Halal Ingredients Market by Application
9.3.5.4.2 Japan Halal Ingredients Market by Ingredient Type
9.3.5.5 South Korea Halal Ingredients Market
9.3.5.5.1 South Korea Halal Ingredients Market by Application
9.3.5.5.2 South Korea Halal Ingredients Market by Ingredient Type
9.3.5.6 Rest of Asia-Pacific Halal Ingredients Market
9.3.5.6.1 Rest of Asia-Pacific Halal Ingredients Market by Application
9.3.5.6.2 Rest of Asia-Pacific Halal Ingredients Market by Ingredient Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Halal Ingredients Market Overview
9.4.2 Middle East and Africa Halal Ingredients Market Forecasts and Analysis
9.4.3 Middle East and Africa Halal Ingredients Market Forecasts and Analysis - By Application
9.4.4 Middle East and Africa Halal Ingredients Market Forecasts and Analysis - By Ingredient Type
9.4.5 Middle East and Africa Halal Ingredients Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Halal Ingredients Market
9.4.5.1.1 South Africa Halal Ingredients Market by Application
9.4.5.1.2 South Africa Halal Ingredients Market by Ingredient Type
9.4.5.2 Saudi Arabia Halal Ingredients Market
9.4.5.2.1 Saudi Arabia Halal Ingredients Market by Application
9.4.5.2.2 Saudi Arabia Halal Ingredients Market by Ingredient Type
9.4.5.3 U.A.E Halal Ingredients Market
9.4.5.3.1 U.A.E Halal Ingredients Market by Application
9.4.5.3.2 U.A.E Halal Ingredients Market by Ingredient Type
9.4.5.4 Rest of Middle East and Africa Halal Ingredients Market
9.4.5.4.1 Rest of Middle East and Africa Halal Ingredients Market by Application
9.4.5.4.2 Rest of Middle East and Africa Halal Ingredients Market by Ingredient Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Halal Ingredients Market Overview
9.5.2 South and Central America Halal Ingredients Market Forecasts and Analysis
9.5.3 South and Central America Halal Ingredients Market Forecasts and Analysis - By Application
9.5.4 South and Central America Halal Ingredients Market Forecasts and Analysis - By Ingredient Type
9.5.5 South and Central America Halal Ingredients Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Halal Ingredients Market
9.5.5.1.1 Brazil Halal Ingredients Market by Application
9.5.5.1.2 Brazil Halal Ingredients Market by Ingredient Type
9.5.5.2 Argentina Halal Ingredients Market
9.5.5.2.1 Argentina Halal Ingredients Market by Application
9.5.5.2.2 Argentina Halal Ingredients Market by Ingredient Type
9.5.5.3 Rest of South and Central America Halal Ingredients Market
9.5.5.3.1 Rest of South and Central America Halal Ingredients Market by Application
9.5.5.3.2 Rest of South and Central America Halal Ingredients Market by Ingredient Type
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. HALAL INGREDIENTS MARKET, KEY COMPANY PROFILES
11.1. ASHLAND GLOBAL SPECIALTY CHEMICALS INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BARENTZ INTERNATIONAL B.V.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BASF SE
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CARGILL, INCORPORATED
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. DUPONT DE NEMOURS, INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HALAGEL (M) SDN. BHD.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. KERRY GROUP PLC
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. KONINKLIJKE DSM N.V
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SYMRISE AG
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THE ARCHER DANIELS MIDLAND
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Ashland Global Specialty Chemicals Inc.
2.Barentz International B.V.
3.BASF SE
4.Cargill, Incorporated
5.DuPont de Nemours, Inc.
6.Halagel (M) Sdn. Bhd.
7.Kerry Group plc
8.Koninklijke Dsm N.V
9.Symrise AG
10.The Archer Daniels Midland
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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