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Global Halal Ingredients Market  Forecasts 2019 to 2026: By HALAGEL GROUP OF COMPANIES, BASF SE, Cargill, Incorporated, Solvay, Archer Daniels Midland Company & Others

Global halal ingredients market is undergoing with a substantial CAGR of 6.50% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. The factors responsible for this growth in the market value are increasing consumption of food & beverage and increasing awareness about the benefits of halal ingredients.

Key Market Competitors: Global Halal Ingredients Market 

Few of the major competitors currently working in the global halal ingredients market 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.com, and others, among others.

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Market Definition: Global Halal Ingredients Market 

Halal ingredients are permissible to use as per the Islamic law, based on belief that Muslims should eat food and use goods such as cosmetics that are “”halalan toyibban””, which means permissible and wholesome. Halal ingredients are also used in variety of beauty products such as lipsticks, creams and soaps, as there is a large demand in cosmetic products that are made up of halal ingredients.

Market Drivers:

Increasing Muslim population worldwide drives the market for halal ingredients

Rising demand for safe and healthy products also lead to its market expansion

Increasing usage of halal ingredients in beauty and cosmetic products also drive the growth of the market

Rising dependency of Non-OIC countries on halal food industry will also act as a driver for such countries

Market Restraints:

Lack of uniformity in different countries for halal standards acts as a market restraint

High production cost will also hamper the market

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Segmentation: Global Halal Ingredients Market 

By Application

Food &Beverage

Convenience Food Products

Bakery Products

Beverage Products

Meat & Poultry Products

Confectionary Products

Others

Cosmetics

Skin Care

Hair Care

Make-Up

Fragrance

Others

Pharmaceuticals

By Product Type

Personal Care Products

Skin Care

Hair Care

Fragrances

Others

Color Cosmetics

Face

Eyes

Lips

Nails

By Distribution Channels

Online

Offline

By Ingredient Type

Ingredients for the Food & Beverage Industry

Flavors

Hydrocolloids (Thickeners, Binders, Stabilizers)

Starches

Sweeteners

Acidulants

Emulsifiers

Enzymes

Colors

Protein (Concentrates + Isolates)

Antioxidants

Preservatives

Others

Ingredients for the Pharmaceutical Industry

Active Pharma Ingredients

Excipients

Ingredients for the Cosmetic Industry

Specialty Additives

Active Ingredients

Others

By Geography

North America

US

Canada

Mexico

South America

Brazil

Argentina

Rest of South America

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Turkey

Belgium

Netherlands

Rest of Europe

Asia-Pacific

Japan

China

South Korea

India

Australia

Singapore

Malaysia

Indonesia

Thailand

Philippines

Rest of Asia-Pacific

Middle East and Africa

Key Developments in the Market:

In January 2019, Croda International Plc announced its achievement of receiving Halal Certification for 15 biopolymer ingredients. Their Halal-compliant range consists of surfactants, emollients, fatty acids and alcohols, humectants, inorganic UV filters, lanolin and derivatives, rheology modifiers, gelling agents, specialty blends and bases, specialty cationic compounds, active ingredients as well as botanical extracts. This will help the company to expand their portfolio and will also meet the need and requirement of the customers.

In July 2018, Solvay announced the launch of their new naturally-sourced ingredient called Rhovanil US NAT, which is halal certified. These innovative products cater to the consumer demand for natural products and it also meets US natural flavor regulations. This product is of high-quality natural and functional vanillin-based solutions. Such innovative launch in the market of Halal ingredients leads to its expansion the forecasting future.

Competitive Analysis: Global Halal Ingredients Market 

Global halal ingredients market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of halal ingredients market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Key Insights in the report:

Competitive analysis of key competitors involved in the market

Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026

Market drivers and restraints analysis along with the analysis of the market structure

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