Global Halal Ingredients Market, By Ingredients Type (Food & Beverage Industry, Cosmetics Industry,

Published Date: | Report Code : FA1958478

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Halal Ingredients Market growth is expected to gain high momentum during the forecast period due to Rise in the Muslim population globally leads to the increasing demand for halal ingredients According to Islamic law, a halal ingredient is an ingredient that is allowed for consumption. The common source for this are plants, vegetables, halal meat, and chemical origin without any alcohol. The halal ingredients are used in a variety of cosmetic products due to the growing demand.

Segment Analysis

The market is segmented into ingredients type and application.

Based on the ingredients type, it is divided into the food & beverage industry, cosmetic industry, and pharmaceutical industry. The food & beverage industry is sub-segmented into flavors, starches, sweeteners, emulsifiers, colors, preservatives, and others. The cosmetics market is sub-segmented into active ingredients, specialty additives, and others. The flavors segment for the food or beverage industry holds the majority share for the market. They impart a certain taste, mask any undesirable flavor, modify a pre-existing flavor, and help maintain the flavor. The ever-changing preferences in consumer taste and the increase in the popularity of new and innovative flavors are helping boost the flavor market for halal foods. A majority flavor companies have obtained the halal certifications due to the growing demand.

On the basis of the application, it is segmented into foods, beverages, cosmetics, pharmaceuticals. The application for food and beverages is the most, as major food and beverage companies are focusing on providing halal products to the consumers as the consumers are demanding for it. Also, these companies are increasing awareness about the wide variety of halal foods being made by them to gain consumer trust.  

Key Developments:

    • In June 2018, Rhovanil US NAT a naturally-sourced ingredient was launched by Solvay (Belgium). It is halal certified and 
      also meets the US flavor regulations.Key Factors Impacting Market Growth:
    • Rise in the Muslim population globally leads to the increasing demand for halal ingredients
    • Increasing awareness about the health benefits and cleanliness of  halal-certified foods

Key Factors Impacting Market Growth:
    • Rise in the Muslim population globally leads to the increasing demand for halal ingredients
    • Increasing awareness about the health benefits and cleanliness of  halal-certified foods

Regional Analysis:

This report segments halal ingredients market by region into North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, and Rest of the World. North America, Asia Pacific, and Western Europe are estimated to be major regions for halal ingredients market during the forecast period. North America and Western Europe have been one of the key regions with technological advancements in Food & Agricultural sector. The use of latest technologies in the agricultural activities and established processed food market is estimated to drive demand for halal ingredients market in these regions. 

In addition to this, some of the major companies operating in this market are headquartered in these regions. Asia Pacific is estimated to be one of the fastest growing markets for halal ingredients during the forecast period. The food & agriculture sector is one of the major contributors to economies in the region. In addition to this, government initiatives to promote technological advancements in this region are also one of the key factors to the growth of halal ingredients market. Middle East and rest of the World are estimated to be emerging regions for halal ingredients market during the forecast period.

Companies Covered: Solvay S.A., Koninklijke DSM N.V., Cargill, ADM, Kerry, DowDupont, BASF, Ashland, Purecircle Limited, and Halagel..

Market Segmentation:
By Ingredients Type:
    • Food & Beverage Industry
        ◦ Flavors
        ◦ Starches
        ◦ Sweeteners
        ◦ Emulsifiers
        ◦ Colors
        ◦ Preservatives
        ◦ Others
    • Cosmetics Industry
        ◦ Active Ingredients
        ◦ Specialty Additives
        ◦ Others
    • Pharmaceutical Industry

By Application:
    • Foods
    • Beverages
    • Cosmetics
    • Pharmaceuticals

By Region:
    • North America
        ◦ By Country (US, Canada, Mexico)
        ◦ By Ingredients Type
        ◦ By Application
    • Western Europe
        ◦ By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
        ◦ By Ingredients Type
        ◦ By Application
    • Eastern Europe
        ◦ By Country (Russia, Turkey, Rest of Eastern Europe)
        ◦ By Ingredients Type
        ◦ By Application
    • Asia Pacific
        ◦ By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
        ◦ By Ingredients Type
        ◦ By Application
    • Middle East 
        ◦ By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
        ◦ By Ingredients Type
        ◦ By Application
    • Rest of the World
        ◦ By Region (South America, Africa)
        ◦ By Ingredients Type
        ◦ By Application

Reasons to Buy This Report:
    • Market size estimation of the global halal ingredients market on regional and global basis 
    • Unique research design for market size estimation and forecast 
    • Profiling of major companies operating in the market with key developments
    • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:
We provide customization of the study to meet specific requirements:
    • By Segment 
    • By Sub-segment 
    • By Region/Country
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