(Food-Beverage-News.Com, November 15, 2021 ) The report "Halal Ingredients Market by Type (Ingredients for Food & Beverage Industry, Ingredients for Pharmaceutical Industry, Ingredients for Cosmetics Industry), Application (Food & Beverage, Pharmaceuticals, and Cosmetics), and Region - Global Forecast to 2025" The halal ingredients market is projected to grow at a CAGR of 6.0% from 2019, to reach USD 64.8 billion by 2025
By type, the ingredients for the food & beverage industrysegment is estimated to account for the largest share in the halal ingredients market in 2019
Of the various types, the ingredients for the food & beverage industry segment is a leading segment in the halal ingredients market. The ingredients for the food & beverage industry segment is estimated to dominate the halal ingredients market in 2019. Companies are focusing on product innovations and providing halal products to cater to the increasing demand among consumers. The convenience foods market is driven by busy lifestyles and the aging population. It includes a range of processed foods that have a longer shelf life and are easy to use. The health benefits and cleanliness associated with halal-certified foods is projected to drive the halal ingredients market in the food industry. Improvements in the halal certification sector are projected to provide growth opportunities to the halal ingredients manufacturers in the food and beverage industry.
The pharmaceutical segment is projected to witness strong growth dueto the rising demand for ingredients in drugs to cure age-related iseases.
The increasing prevalence of chronic diseases and lifestyle- and age-related diseases have led to a surge in demand for ingredients being used in the pharmaceutical sector. Major companies are focusing on acquiring 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, which include 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 vehicle to stabilize APIs. The market growth in the sector is supported by recent developments and investments in biological and biosimilar drugs.
The Asia Pacific is estimated to dominate the halal ingredients market in 2019.
The Asia Pacific is estimated to account for the largest market share in the halal ingredients market in 2019. Rise in the Muslim population in the Asia Pacific countries and increasing consumption of convenience food in developing countries is projected to drive the halal ingredients market. The increasing awareness among consumers regarding halal cosmetics is attributed to the growth in this segment. 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 in Asia Pacific.
This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies in the halal ingredients market. Key players in the halal ingredients market include 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), and Halagel (Malaysia).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441