Industry Analysis
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.
Halal Ingredients Market research report has put forth a bench-marking example for a vibrant market that explores several recommendations and practical growth strategies in relation to the market. The market report covers a wide spectrum of regions and also focuses on key regions that include North America, Europe, Asia Pacific, Middle East, South America, and the Middle East & Africa (MEA). The chapter of the competitive landscape is presented well in the market research report and is analyzed based on the tools such as Porter’s five forces analysis. The study throws light upon market attractiveness where all the segments are arranged based on the compound growth rate, size, and general attractiveness.
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Market Insights and Scope
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.
An excellent Data bridge market research report covers the systematic and comprehensive market research study, to provide the facts and figures allied with any subject in the field of marketing. With the specific and state-of-the-art information presented in this industry report, businesses can be aware about the types of consumers, consumer’s demands and preferences, their perspectives about the product, their buying intentions, their response to particular product, and their varying tastes about the specific product already existing in the Food and Beverage industry. Quality and transparency are strictly maintained while carrying out research studies to offer an exceptional market research report for specific niche.
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Industry Segmentation and 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.
Market Country Level Analysis
- 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).
Industry Share Analysis
- 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.
Halal Ingredients Market Report Answers the Following Questions:
- What is the current size of the Halal Ingredients Market?
- What are the key drivers and challenges for the Halal Ingredients Market?
- What are the different types of Halal Ingredients Market?
- What are the leading companies operating in the Halal Ingredients Market?
- What is the future outlook for the Halal Ingredients Market?
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