DUBLIN, June 13, 2019 /PRNewswire/ -- The "Halal Ingredients Market by Type (Ingredients for Food & Beverage Industry, Ingredients for Pharmaceutical Industry, Ingredients for Cosmetics Industry), Application (Food & Beverage, Pharmaceuticals & Cosmetics) & Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The Halal Ingredients Market, in Terms of Value, is Estimated to Account for USD 45.7 Billion in 2019 and Projected to Grow at a CAGR of 6.0%, to Reach USD 64.8 Billion By 2025.
The increasing disposable incomes, growing population, busy lifestyles, and shift in the focus toward highly convenient and instantly processed food are some of the key trends influencing the growth of the halal ingredients market. Companies across food, pharmaceuticals products, and cosmetics value chain have various opportunities to access or increase their penetration of the halal food and ingredient markets, either organically or through acquisition. The lack of uniformity in halal standards is a major factor inhibiting the growth of the market.
The pharmaceutical segment in the halal ingredients market is estimated to be the fastest-growing segment of the halal ingredients market.
Based on application, the pharmaceutical segment is estimated to be the fastest-growing segment in the halal ingredients market during the forecast period. The increasing prevalence of chronic diseases and lifestyle- and age-related diseases have led to a surge in demand for ingredients used in the pharmaceutical sector. Major companies are focusing on obtaining halal certification for their ingredients to cater to the demands of the Muslim population in the growing pharmaceuticals market.
Pharmaceutical ingredients are primarily made of two substances, active pharmaceutical ingredients (APIs) and excipients. APIs are substances in drugs that actively benefit consumer health by treating and preventing diseases. Excipients are inactive substances in drugs that serve as a medium to stabilize APIs. The growth in the pharmaceutical sector is supported by recent developments and investments in biological and biosimilar drugs.
The enzymes segment is projected to be the fastest-growing segment during the forecast period.
Based on types, the enzymes segment is projected to be the fastest-growing segment in the halal ingredients market during the forecast period. The use of enzymes in the food and beverage processing industry ensures the selective analysis of specific food constituents, so that time and costs can be reduced.
The Middle East is a key region in the halal ingredients market, which is projected to be the fastest-growing regional market in 2019.
The Middle East is projected to be the fastest-growing region in the halal ingredients market in 2019. Favorable government regulations in the GCC countries for halal foods are attributed to the growth in the halal ingredients market. Global players are expanding their businesses in the Middle East to cater to the increasing demand. The rapid economic growth, as a result of the stable political environment in countries such as Saudi Arabia, Iran, and the UAE, is contributing to the growth of the food & beverage and consumer product industries.
In addition, consumer awareness about the benefits and functionalities of halal ingredients is projected to reflect positively on the market growth. This high level of awareness has resulted in the demand for low-calorie, low-fat, and nutrient-rich food products to be consumed in the region. Food & beverage companies are innovating to develop such products to cater to consumer demand.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Growth Opportunities in Halal Ingredients Market
4.2 Halal Ingredients Market, By Application
4.3 Halal Ingredients: Key Countries
5 Market Overview
5.2 Halal Ingredients: Supply Chain
5.3 Market Dynamics
22.214.171.124 Non-Oic Countries are Increasingly Relying on the Halal Food Industry
126.96.36.199 The Increase in the Muslim Population is Contributing to Rise in Demand for Halal Food and Ingredients
188.8.131.52 Lack of Uniformity for Halal Standards in Different Countries
184.108.40.206 Unaddressed High-Potential Product Segments for Halal Ingredients
220.127.116.11 There are No Common Standards and Being Halal-Certified Does Not Guarantee Access to the Global Market
6.2 General Guidelines for the Use of the Term Halal, By Food and Agriculture Organization (FAO)
6.2.2 Criteria for the Use of the Term Halal
18.104.22.168 Food of Animal Origin
22.214.171.124 Food of Plant Origin
6.4 Halal Ingredients- Regulatory Landscape
6.5 List of Major Halal Certification Bodies, Globally
6.6 Major Accreditation Bodies for Halal Food
7 Halal Ingredients Market, By Application
7.2 Food &Beverage
7.2.1 Convenience Food Products
7.2.2 Bakery Products
7.2.3 Beverage Products
7.2.4 Meat & Poultry Products
7.2.5 Confectionary Products
7.3.1 Skin Care
7.3.2 Hair Care
8 Halal Ingredients Market, By Ingredient Type
8.2 Ingredients for the Food & Beverage Industry
8.2.2 Hydrocolloids (Thickeners, Binders, Stabilizers)
8.2.9 Protein (Concentrates + Isolates)
8.3 Ingredients for the Pharmaceutical Industry
8.3.1 Active Pharma Ingredients
8.4 Ingredients for the Cosmetic Industry
8.4.1 Specialty Additives
8.4.2 Active Ingredients
9 Halal Ingredients Market, By Region
9.2 Asia Pacific
126.96.36.199 Indonesia Accounted for the Largest Share in the Asia Pacific Halal Ingredient Market
188.8.131.52 Increasing Consumer Awareness Regarding Halal Products is Driving the Market
184.108.40.206 Malaysia is One of the Largest Exporters of Halal-Based Products, Globally
220.127.116.11 Increasing Consumer Spending is Fuelling the Market for Halal-Certified Products
9.2.5 Rest of Asia Pacific
18.104.22.168 Changing Consumer Preference has Boosted the Overall Food & Beverage Market in Asia Pacific
9.3 Middle East
9.3.1 GCC Countries
22.214.171.124 GCC Countries Accounted for the Largest Share in Middle East Halal Ingredients Market
9.3.2 Rest of Middle East
126.96.36.199 Increasing Consumer Spending on Food and Cosmetics in these Countries is Driving the Market
9.4.1 North Africa
188.8.131.52 North Africa Accounted for the Larger Share in the African Halal Ingredients Market
9.4.2 Rest of Africa
184.108.40.206 Increasing Consumer Awareness Regarding Halal Products is Driving the Market in Rest of Africa
220.127.116.11 Russia is the Largest Market in Europe for Halal Ingredients Followed By France and Germany. the Country Also has The Largest Population of Muslims in the European Region.
9.5.5 Rest of Europe
9.6.4 Rest of Americas
10 Competitive Landscape
10.2 Competitive Leadership Mapping
10.2.1 Visionary Leaders
10.2.2 Dynamic Differentiators
10.2.4 Emerging Companies
10.3 Ranking of Key Players, 2019
10.4 Competitive Scenario
11 Company Profiles
- Koninklijke DSM N.V. (Netherlands)
- ADM (US)
- DowDupont (US)
- Kerry (Ireland)
- Solvay S.A. (Belgium)
- Barentz B.V. (Netherlands)
- Cargill (US)
- BASF (Germany)
- Symrise (Germany)
- Ashland (US)
- Purecircle Limited (Malaysia)
- Halagel (Malaysia)
For more information about this report visit https://www.researchandmarkets.com/r/is61e6
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