Global Halal Ingredients Market is expected to foresee significant growth. The Middle East to lead the growth!

Global halal ingredient market is expected to register a CAGR of approx. 4% over the period of 2022-2028. Halal ingredients are those that are permitted by Islamic law to be used in the manufacture of a variety of products. Halal used to be a term reserved only for members of the Islamic faith, but over time it has come to mean anything that is permissible. Halal products have recently become synonymous with healthy, fresh, and clean products, which is aiding in their market demand. The global halal ingredient market is rising due to the growing number of halal cosmetics products around the globe. Various cosmetics products companies are using the halal ingredient as their base ingredient which is likely to aid the growth of the halal ingredient market. For instance,in August 2021, Kao Corporation, a Japanese manufacturer of halal-certified cosmetics, collaborated with Lion corporation, to develop recyclable packaging and minimize the plastic footprint on the planet. Lion Corporation is a manufacturer of detergent, soaps, medications, and oral hygiene products. Owing to these glaring statistics the demand for halal ingredients is anticipated to grow in the forthcoming years as they are safe for delicate facial skin. Moreover, rising expenditures across different sectors of food, and beverage products are fueling the demand for the halal ingredient market. Furthermore, the changing lifestyles also increasing the demand for on-go, convenient, and nutritionally enriched food in daily routine is expected to drive the market for halal ingredient market in the coming years.

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Based on the ingredient types, the halal ingredients market is segmented into ingredients for the food & beverage industry, ingredients for the pharmaceutical industry, and ingredients for the cosmetic industry. The ingredients for the food & beverage industry segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe owing to increased demand and consumption of halal food by Muslim as well as non-Muslim populations across the globe.

Based on application, the market is fragmented into food & beverage, cosmetics, and pharmaceuticals. The food & beverage segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. The food companies are focusing on product innovations and providing halal products to cater to the growing demand among consumers

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For a better understanding of the market adoption of halal ingredient market, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Middle East (Saudi Arabia, Qatar, Kuwait, UAE, Bahrain, Oman, Rest of Middle East). Middle East constitutes a major market for the halal ingredients industry owing to the favorable government regulations in GCC countries for halal food, the growing population in the Middle Eastern countries, and rapid economic growth.

Some of the major players operating in the market include Koninklijke DSM N.V., Cargill Inc, Barentz B.V., Archer-Daniels-Midland Co, Kerry Group PLC, Amara Beauty, Symrise, Nestle Private Limited, BRF SA, Del Monte Philippines Inc.

Global Halal ingredient Market Segmentation

Market Insight, by Ingredient Types

• Ingredients For the Food & Beverage Industry
• Ingredients For the Pharmaceutical Industry
• Ingredients For the Cosmetic Industry

Market Insight, by Application

• Food & Beverage
• Cosmetics
• Pharmaceuticals

Market Insight, by Region

• North America
  • United States
  • Canada
  • Rest of North America
• Europe
  • France
  • Germany
  • Italy
  • Spain
  • United Kingdom
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Australia
  • Japan
  • Rest of Asia-Pacific
• Middle East
  • Saudi Arabia
  • Qatar
  • Kuwait
  • UAE
  • Bahrain
  • Oman
  • Rest of Middle East

Top Company Profiles

• Koninklijke DSM N.V.
• Cargill Inc
• Barentz B.V.
• Archer-Daniels-Midland Co
• Kerry Group PLC
• Amara Beauty
• Symrise
• Nestle Private Limited
• BRF SA
• Del Monte Philippines Inc