Halal Ingredients Market 2022-2028: Consumer Health Benefit Such As Improved Brain And Improved Immune System


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The global Halal ingredients market was valued at USD 49.39 billion in 2020 and is expected to reach USD 73.93 billion by 2028, with a CAGR of 6.2%.

NEW YORK CITY, NEW YORK, USA, Aug. 5, 2022 /EINPresswire.com/ — According to current analysis by Reports and Data, the global Halal ingredients market was valued at USD 49.39 billion in 2020 and is expected to reach USD 73.93 billion by 2028, at a CAGR of 6.2%. Halal foods refer to food products that are prepared following Islamic dietary laws and regulations, which define foods that are legal or permitted and clean. Consumers in the Muslim community avoid foods and drinks that are Haram, that is, prohibited or illegal by their Islamic faith. Food intake is also increasing due to the increasing Muslim population across the world, which is expected to drive market growth. This ingredient is also gaining traction in the health and pharmaceutical industries due to the growing demand for dietary supplements and their health benefits. Customers are witnessing a growing demand for convenient, nutritionally enriched and functional on-the-go foods and beverages due to their busy lifestyles. Rising healthy snack trends and growing awareness of functional food and beverage products are expected to sink the industry over the expected period.
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The need for halal cosmetic products among the 2.4 billion Muslim customers around the world is increasing. However, the demand for cosmetics remains unsatisfied because the production of cosmetics is controlled by non-halal cosmetic manufacturers, whose manufacturing methods may not fit the requirements of their science. The development of these cosmetics and the evaluation of the performance of their products is still in its early stages. The incorporation of its science in the manufacture of most cosmetic products remains insufficient.
In addition, there is a global deficiency of guidance documents on growth and evaluation techniques in the production of wholly halal cosmetics. Its objective is to summarize the existing literature and knowledge of cosmetic and halal science to provide essential technical guidance in the production of these cosmetics. In addition, the adoption of these methods addresses the unique ethical issues associated with cosmetic product performance compliance with spiritual practices and science.
Some of the major players in the market are listed below:
• Royal DSM NV (Netherlands),
• Cargill (USA),
• Barentz BV (Netherlands),
• Ashland (United States),
• WMD (USA),
• Kerry (Ireland),
• DowDupont (USA),
• Others
Market segmentation:
Ingredient type (revenue, US$ million; 2018–2028)
• Ingredient for the F & B Industry
or hydrocolloids
or starches
or sweeteners
or Others
• Ingredient for the Pharmaceutical Industry
o Active Pharmaceutical Ingredients
or Excipients
• Ingredient for the Cosmetic Industry
or special additives
or Active Ingredients
or Others
Application (Revenue, US$ million; 2018–2028)
• Nutritional drink
o Prepared food products
or bakery products
or Others
• Cosmetics
Skin care
Hair care
or Others
• Pharmaceutical products
Market overview:
All companies involved in the processing, packaging and distribution of food raw materials belong to the food and beverage sector. Fresh and packaged meals, as well as alcoholic and non-alcoholic beverages, are included. Aside from drugs, this industry touches all products designed for human consumption.
As a result of the current economic depression caused by the Covid-19 outbreak, consumers are looking to save as much money as possible. Consumers are doing this in a variety of ways, including buying more generic items and preparing their own meals instead of going out. As a result, food processing companies are getting more creative in lowering the cost of goods sold, attracting more customers and increasing profit margins.
Obesity has a tremendous impact on the global food and beverage industry. The desire for healthy foods has grown, as has the demand for more detailed nutritional information. Companies have responded by launching low-calorie foods and tightening control over what their brand looks like in response to these two changes. Companies want to be seen as a healthy brand, so they support activities that indicate this, such as youth sports. There has even been talk of imposing a tax on obesity-related foods to discourage people from eating them.
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The report is written with the help of industry analysts, market segmentation, and data collection to help readers make profitable business decisions. The report includes a comprehensive database of technical and product developments. It also provides information on growth rates and market value, as well as a comprehensive examination of niche market segments. The report provides strategic advice to newcomers and existing businesses on how to make well-informed, profitable business decisions.
The Halal Ingredients Market has been segmented into key regions of the world and provides analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industry chain analysis, supply and demand, import and export, income contribution and presence of key players in each region. Country-by-country analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Halal Ingredients market.
The Global Halal Ingredients Market is segmented into:
• North America (USA, Canada, Mexico)
• Europe (Italy, United Kingdom, Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)
Key questions addressed in the report:
• What are the dominant factors influencing the growth of the industry?
• In the forecast period, which market segment is expected to increase the most?
• What are the risks and challenges facing the industry?
• In the coming years, which area is expected to dominate the market?
• Who are the main players in the market? What kind of strategic business plans have they made?
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Nikhil Morankar
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