Halal Ingredients Market Outlook by Key Players, Industry Overview, Supply and Consumption Demand Analysis By 2028

According to the current analysis of Reports and Data, the global Halal Ingredients Market was valued at USD 49.39 Billion in 2020 and expected to reach USD 73.93 Billion by the year 2028, at a CAGR of 6.2%. Halal food refers to the food products that are prepared by following Islamic dietary laws & regulations, which defines foods that are lawful or permissible and clean. Muslims community consumers avoid food & beverages that are Haram, meaning forbidden or unlawful by their Islamic faith. The Intake of food items is also rising due to the surge in the Muslim population worldwide, which expected to drive the growth of the market.

The rise in the populace of Muslims stimulates the demand for this food, which in turn improves the growth of the market. However, various countries have different standards of halal foods, which inhibits the growth of the market. Also, items such as alcohol, beer, wine, pure or artificial vanilla extract, chocolate liqueur, gelatin are not allowed to use as an ingredient or as halal foods & beverages. This is likely to restrict the demand for these foods in the upcoming years. Nevertheless, the growth in interest for this food among the non-Muslims community due to its varied taste and health benefits expected to boost the growth of the market.

Halal food belongs to the food products that are made by following Islamic dietary laws & regulations, which classifies foods that are lawful or acceptable and clean. Muslims community customers avoid food & beverages that are Haram, meaning prohibited or unlawful by their Islamic faith. According to Islamic ideology, these foods are safe and do not contain any non-halal or unclean ingredients in it. Also, they made by using clean equipment.

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Key Players Profiled in the study:

Koninklijke DSM N.V. (Netherlands), Cargill (US), Barentz B.V. (Netherlands), ADM (US), Kerry (Ireland), DowDupont (US), Solvay S.A. (Belgium), BASF (Germany), Symrise (Germany), Ashland (US), Purecircle Limited (Malaysia), and Halagel (Malaysia).

Further key findings from the report suggest:

  • The Halal Ingredients market is growing at a CAGR of 3 % in the Middle Eastern Region due to more influx of migrants and increasing regulations for strict usage of halal food. The region also witnessed more product innovation and funding for the promotion of these foods.
  • The Flavors segment dominated the ingredients in the F & B industry due to the increase in certification agencies. Thus food products certified as halal or kosher should have their constituent raw materials, processing aid ingredients, processing and sanitation chemicals, packaging material, etc. meet the religious dietary requirements
  • Countries like Australia are also playing a significant role in the food market. Australia, with a local Muslim populace of about half a million, has come to be a world leader in the processing and manufacturer of halal meat and meat products. The continent is a long-trusted provider of Beef and Lamb to over 100 nations in the world, comprising the Middle East.
  • Australia has one of the strictest Halal Programs in the world. The Australian Government Certified Program (AGAHP) undertaken in collaboration with the Australian government’s Division of Agriculture & Water Resources and Australian Islamic Organizations. Collectively, they enforce the best practices of production guidelines, which have aided to the global acknowledgment that Australia’s Halal program is amongst the most meticulously implemented system in the world

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Market Segments:

Ingredient Type (Revenue, USD Million; 2018–2028)

  • Ingredient for F & B Industry
    • Flavors
    • Hydrocolloids
    • Starches
    • Sweeteners
    • Acidulants
    • Emulsifiers
    • Enzymes
    • Colors
    • Protein
    • Antioxidants
    • Preservatives
    • Others
  • Ingredient for Pharmaceutical Industry
    • Active Pharma Ingredients
    • Excipients
  • Ingredient for Cosmetic Industry
    • Specialty Additives
    • Active Ingredients
    • Others

Application (Revenue, USD Million; 2018–2028)

  • Food &Beverage
    • Convenience Food Products
    • Bakery Products
    • Beverage Products
    • Meat & Poultry Products
    • Confectionary Products
    • Others
  • Cosmetics
    • Skin Care
    • Hair Care
    • Make-Up
    • Fragrance
    • Others
  • Pharmaceuticals

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Regional Outlook (Revenue in USD Million; 2018–2028)

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of the Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • Middle East & Africa
  • Latin America
    • Brazil

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Reasons for Buying this Report:

  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward-looking perspective on different factors driving or restraining market growth
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
  • PEST analysis of the market in the five major regions.

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