Global Halal Ingredients Market: Overview

It is any ingredient which is permissible to use according to the Islamic law. It can be designated to food as well as beverages and other matters of daily life. The common ingredient of halal ingredient are vegetable, plants, fish, halal animal’s meat when the animal is slaughtered according to sharia rules, and chemical origin without alcohol. Halal ingredients are being used in beauty products as there is a large demand in cosmetic products that are made up of halal ingredients. Products like lipsticks, creams and soaps are checked by scientists to make sure that these products contain halal ingredients. People around the globe even non-Muslims prefer having food and beverages which are halal ingredients certified as they are safe and healthy. Law that is first of its kind which states food should be labelled halal or not since 20­­_17, toiletries in 2018 and medicines 2019.

Global Halal Ingredient Market: Market Dynamics

The growth of global halal ingredients market is driven by food and beverage and cosmetic industry. There has been a major rise in the consumption of products with halal ingredients in the markets since people around the globe are becoming conscience about healthy and safe products. There has been a major shift in the supply and demand of halal ingredient products. Since Muslim consumers are becoming a fastest growing outlet to build a future growth hence several companies around the world offer halal processed foods products, beverages and cosmetic and pharmaceutical products. Modern consumers are eco-ethical conscious and are willing to pay premium price for natural, organic and earthly products. The minor setback of having halal ingredients in products would be the high cost of production. And may have issues with the quality standards.

Global Halal Ingredients Market: Market Segmentation

On the basis of end users, global halal ingredients market can be segmented into:

  • Food industry
    • Confectionery
      • Chocolate
      • Nut & Kernel Products
      • Snack Food
    • Dairy and dairy products
    • Canned & preserved food
    • Frozen food
    • Infant food
    • Instant Food
    • Rice Products
    • Meat and poultry product
    • Vegetable products
    • Edible fats and oil
  • Beverage Industry
    • Coffee
    • Tea
    • Concentrated beverages and juices
    • Soft drinks
    • Health and nutritional drinks
  • Cosmetic industry
    • Body and skin care
    • Oral care
    • Fragrance
    • Hair care
  • Pharmaceutical industry

Global halal market: Segment overview

In near future food and beverage industry will be a key market force in halal ingredients market. Cosmetic and pharmaceuticals industry follows food & beverage industry in market growth.

Global Halal Ingredient Market: Regional overview

Based on the geographies, the global halal ingredients market is framed into seven key regions- North America, Latin America, Western Europe, Asia-pacific except japan, Japan, and the Middle East & Africa. Among the regions mentioned above, Market has grown strongly in past few decades the two strongest market for halal products are Asia pacific and Middle East. The largest population of Muslims are located in south Asia and pacific regions in countries like Indonesia, Pakistan, India and Bangladesh as a result the halal ingredients certifications are growing in these regions. In North America and Latin America the size of Muslim community is still growing and will create greater opportunities in the market of halal ingredients. There is a rapid rise in the annual sales of halal ingredients in Western Europe. Halal ingredients market place is rising as one of the most profitable market arenas in the world and with the expected increase in population and income of the consumers, the halal ingredient market is expected to grow for the forecasted year and the future for the halal ingredient market is expected to be strong. 

Global halal ingredient market players

Some of the market players identified in the global halal ingredient market includes:

  • Nestle Pvt. Ltd
  • Tesco Stores
  • Unilever
  • L’Oreal
  • Del Monte Phil’s., Inc.
  • Burger King Corporation
  • MAKE-UP ART COSMETICS
  • Beiersdorf
  • Amara cosmetics
  • Shiseido Co., Ltd.
  • Lush Retail Ltd.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Halal Ingredient Market

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