Global Halal Ingredients Market, By Product Type (Personal Care Products, Color Cosmetics), Ingredient Type (Ingredients for the Food & Beverage Industry, Ingredients for the Pharmaceutical Industry, Ingredients for the Cosmetic Industry), Application (Food & Beverage, Cosmetics, Pharmaceuticals), Distribution Channels (Online, Offline), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights : Global Halal Ingredients Market
The halal ingredients market is expected to witness market growth at a rate of 6.05% in the forecast period of 2021 to 2028. Data Bridge Market Research report on halal ingredients market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the consumption of food is escalating the growth of halal ingredients market.
Halal ingredients are referred to as permissible food item used as per the Islamic law, based on belief that Muslims should eat food and use goods such as cosmetics that are ”halalan toyibban”. This means permissible and wholesome. These ingredients are also utilized in numerous other beauty products such as lipsticks, creams and soaps.
The increase in in demand for halal food and ingredients owning to the rise in Muslim Population, acts as one of the major factors driving the growth of halal ingredients market. The rise in the inclination towards halal ingredients among modern consumers because of the eco-ethical conscious and their willingness to pay premium price for natural, organic and earthly products accelerate the halal ingredients market growth. The rise in the consumption of products with halal ingredients due to the conscience about healthy and safe products and non-OIC countries are increasingly relying on the halal food industry further influence the halal ingredients market. Additionally, expansion of end-user industries, change in consumer lifestyle, growth in awareness, increase in disposable income and growth in personal care sector positively affect the halal ingredients market. Furthermore, rise in demand for halal processed foods products, beverages and cosmetic and pharmaceutical products extends profitable opportunities to the halal ingredients market players in the forecast period of 2021 to 2028.
On the other hand, lack of uniformity for halal standards in different countries is expected to obstruct the halal ingredients market growth. Lack of common standards and issue with the certification are projected to challenge the halal ingredients market in the forecast period of 2021-2028.
This halal ingredients market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on halal ingredients market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Halal Ingredients Market Scope and Market Size
The halal ingredients market is segmented on the basis of product type, ingredient type, application and distribution channels. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the halal ingredients market is segmented into personal care products and color cosmetics. Personal care products are further segmented into skin care, hair care, fragrances and others. Color cosmetics are further segmented into face, eyes, lips and nails.
- On the basis of ingredient type, the halal ingredients market is segmented into ingredients for the food and beverage industry, ingredients for the pharmaceutical industry and ingredients for the cosmetic industry. Ingredients for the food and beverage industry is further segmented into flavors, hydrocolloids (thickeners, binders, stabilizers), starches, sweeteners, acidulants, emulsifiers, enzymes, colors, protein (concentrates + isolates), antioxidants, preservatives and others. Ingredients for the pharmaceutical industry are further segmented into active pharma ingredients and excipients. Ingredients for the cosmetic industry are further segmented into specialty additives, active ingredients and others.
- On the basis of application, the halal ingredients market is segmented into food and beverage, cosmetics and pharmaceuticals. Food and beverage is further segmented into convenience food products, bakery products, beverage products, meat & poultry products, confectionary products and others. Cosmetics are further segmented into skin care, hair care, make-up, fragrance and others.
- On the basis of distribution channels, the halal ingredients market is segmented into online and offline.
Global Halal Ingredients Market Country Level Analysis
The halal ingredients market is analyzed and market size, volume information is provided by country, product type, ingredient type, application and distribution channels as referenced above.
The countries covered in the global halal ingredients market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Middle East is expected to witness the highest growth in halal ingredients market because of the favorable government regulations in GCC countries for halal food and growing population in the region.
The country section of halal ingredients market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Halal Ingredients Market Share Analysis
The halal ingredients market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to halal ingredients market.
The major players covered in the halal ingredients market report are HALAGEL GROUP OF COMPANIES, BASF SE, Cargill, Incorporated, Solvay, Archer Daniels Midland Company, Koninklijke DSM N.V., Amara Cosmetics, Del Monte Philippines, Incorporated, Unilever Food Solutions, Tesco, Amara Halal Cosmetics, HALAL BEAUTY COSMETICS, SAAF International, INIKA Organic Australia, Martha Tilaar Group, OnePure, LLC, IVY Beauty Corporation, MMA BIO LAB SDN BHD, CLARA INTERNATIONAL BEAUTY GROUP, INGLOT Cosmetics, Iba Cosmetics, TALENT COSMETICS, PHB Ethical Beauty Ltd, Tuesday in Love, Wardah, Wipro Unza Holdings Ltd., SirehEmas Marketing Sdn Bhd, TALENT COSMETICS, PROLAB COSMETICS and Ecotrail Personal Care Pvt. Ltd. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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