Indonesia Halal Market is expected to grow with a CAGR of 14.2% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.

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Indonesia halal market is a highly consolidated market, which includes a specific number of key players as well as local players. The market has witnessed increased strategic developments owing to a favorable market scenario.

The major players dealing in the Indonesia halal market are introducing a wide range of products. This helped companies to maximize sales with enhanced product portfolio.

For instance,

• In March 2022, PT INDOFOOD SUKSES MAKMUR Tbk launched the Indomie Soto Banjar Limau Kuit. The savory taste of this aromatic soup, blends with the freshness of South Kalimantan kaffir lime. It has indulgent toppings and the flavor of Indomie Soto Banjar Limau Kuit is quite delicious. This development will attract new customers.
• In February 2022, PT Paragon Technology and Innovation launched Wardah Crystal Secret which comes with ingredients and benefits that are more effective to brighten our skin. It contains twice Edelweiss flower extract which effectively makes the skin radiant and glowing. This development is expected to attract customers who are always in search of skin brightening products. 

Nestlé

Nestlé is headquartered in Vevey, Switzerland as public ownership and was founded in 1866. The company focuses on providing innovative foods, beverages, and nutritional health solutions to enhance the quality of life and contribute to a healthier future. The company has several business segments, which are powdered and liquid beverages, water, milk products and ice cream, nutrition, and health science, prepared dishes and cooking aids, confectionery, and pet care out of which milk products and ice cream, nutrition, and health science, and confectionery are market-focused business segments. The company has product categories which are products in dietary avoidance list: gluten, dietary avoidance list: nuts, dietary list: halal-certified products, dietary list: vegetarian, dietary list: vegan out of which dietary list: halal certified products is the market-focused category. The company has a wide global presence in Asia, Europe, the Americas, Oceania, and Africa. It has subsidiaries which are Garoto (Brazil), Nestlé India (India), Nestlé Purina PetCare Company (U.S.), Nestlé Japan (Japan), and Svitoch (Ukraine), among others.

• In May 2021, Nestlé broke ground on the construction of a new factory in Batang, Indonesia. The factory will create about 200 new jobs in the Central Java province and will produce Bear Brand liquid milk and ready-to-drink beverages, Milo and Nescafé, to fulfill growing consumer demand. It will be built on 20 hectares of land and will encourage the further development of the dairy sector in the region. This development is expected to bring new growth opportunities to the region.

Unilever Food Solutions (A Subsidiary of Unilever)

Unilever Food Solutions (A Subsidiary of Unilever) is headquartered in Michigan, U.S. as private ownership and was founded in 1880. The company focuses on providing quality food products globally. It offers a wide range of product categories such as Bouillons, Juices, Mashed Potato, Mayonnaise, Sauces, Seasonings, Soups, Tea, and Unilever Professional out of which Bouillons, Mayonnaise, Sauces, and Seasonings are market-focused categories. The company has presence in North America, Europe, Africa/Middle-East, Asia-Pacific, and South/Central America.

Cargill Incorporated

Cargill Incorporated is headquartered in Minneapolis, the U.S. as private ownership and was founded in 1865. The company is engaged in providing food, agriculture, financial, and industrial products and services to the world. It has product categories which include Agriculture, Animal Nutrition, Beauty, Bio-industrial, Carbon Solutions, Foodservice, Food & Beverages, Industrial, Pharmaceutical, Meat & Poultry, Risk Management, Supplements, and Transportation out of which Beauty is the market-focused category. The company has a wide presence across Africa, Europe, the Middle East, Asia-Pacific, Latin America, and North America. The company has subsidiaries which are Cargill Ltd (Canada), Cargill AgHorizons, Inc. (U.S.), Cargill Meat Solutions (U.S.), Provimi SA (Netherlands), and Teys Australia (Australia), among others.

• In March 2021, Cargill Incorporated launched Satiagel VPC 614 Kappa Carrageenan, a new type that completes the carrageenan portfolio that offers personal care manufacturers unlimited texture options with one unique INCI reference. This development is expected to give new growth opportunities in the personal care segment to the company.