Halal Ingredients Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DM2451 | Last Updated On: Oct 18 2022 | Available Formats

> Global Halal Ingredients Market Expected to reach a high CAGR of 7.8% By 2029: DataM Intelligence

Global Halal Ingredients Market is segmented 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 Application (Food &Beverage (Convenience Food Products, Bakery Products, Beverage Products, Meat & Poultry Products, Confectionery Products, Others), Cosmetics (Skin Care, Hair Care, Make-Up, Fragrance, Others), Pharmaceuticals), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Halal Ingredients Market is expected to grow at a high CAGR of 7.8% during the forecasting period (2022-2029).

Halal Ingredients Market - Strategic Insights

Metrics

Details

Market CAGR

 7.8%

Segments Covered

By Ingredient Type, By Application and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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Halal ingredients are the ingredients that are permissible to use according to Islamic law. The halal ingredients are used for the preparation of food products, cosmetics, personal care products, pharmaceuticals, and food ingredients. The halal ingredients are also used for preparing various beauty products such as lipsticks, creams, and soaps. 

Market Dynamics:

The market is driven by the rising demand for halal ingredients in the healthcare, dietary supplements, and pharmaceutical industries. There is the consumption of nutritionally enriched, and functional food & beverage products with the changing lifestyles. There is growing usage of halal ingredients in beauty, personal care, and cosmetic products.

There is a rise in the launch of halal products. For instance, in July 2018, Solvay had launched the new naturally-sourced ingredient i.e. Rhovanil US NAT, the halal certified. This product is of high-quality natural and functional vanillin-based solutions. It has a non-GMO, and Allergen free profile. It is labeled as a natural flavor. It is ideal for chocolate, bakery confectionery & beverages applications.

In July 2018, Solvay announced the launch of its 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 of the forecasting future. In June 2014, Croda had launched halal-certified ingredients including high-performance cosmetic ingredients for the Muslim population.

Several companies are receiving halal certification for their ingredients. For instance, in January 2019, Croda International Plc had received the halal-certification from Instituto Halal de Junta Islámica (Halal Institute of Spain) for 15 biopolymer ingredients manufactured at their Ditton site in the United Kingdom. Croda’s Halal-certified ingredients would be sold into the beauty, personal care, home care, food, and pharmaceutical industries. The halal-compliant range comprised of the 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.

In January 2018, DSM had received the halal certification for the majority of its personal care ingredients. The halal certification is recognized by the major Islamic authorities around the world. The company’s halal ingredients include skin actives, vitamins, and UV-filters for a variety of personal care applications. These ingredients are approved by the Halal Food Council of Europe (HFCE), Brussels, which is recognized by the Indonesian Council of Ulama (Majelis Ulama Indonesia (MUI)), the Department of Islamic Development Malaysia (Jabatan Kemajuan Islam Malaysia (JAKIM)), the Islamic Food and Nutrition Council of America (IFANCA) and the Emirates Authority for Standardization and Metrology (ESMA).

Segment Analysis

The global halal ingredients market is segmented based on ingredient type as ingredients for food & beverages, ingredients for cosmetics, and ingredients for pharmaceuticals. The ingredients for the food & beverages segment account for the highest market share of XX% in 2019 as there is the presence of a large number of companies developing halal ingredients for food & beverages. These ingredients include the flavors, hydrocolloids, starches, sweeteners, acidulants, emulsifiers, enzymes, colors, protein, antioxidants, preservatives, and others. The flavors account for the highest market share due to a large number of flavor companies are receiving halal certifications for meeting the rising demand for food & beverages. Different flavors are added to the food for imparting the taste and masking the undesirable taste. There is high adoption of the herbal-based flavors that provides a refreshing and pleasant taste to the food. Companies are introducing several new flavors in the convenience, and ready-to-eat food with the changing consumers’ preferences.

Further, the market is also classified based on the application as food & beverages, cosmetics, and pharmaceuticals. The food & beverages segment accounts for the highest market share due to the high consumption of the food & beverages prepared by using halal ingredients. Companies are performing a large number of marketing campaigns for attracting consumers. The market is dominated by the availability of several food & beverages prepared from halal ingredients. There is growing awareness regarding the health benefits and cleanliness associated with halal-certified food & beverages. Moreover, the consumers are willing to pay the high price for food & beverages prepared from organic, and natural halal-certified ingredients. The rising standardizations of the halal certification shall boost the demand for the food & beverages over the forecasted period.

The pharmaceuticals segment is expected to witness positive market growth due to the growing demand for the halal ingredients used for preparing the pharmaceuticals with the increasing prevalence of chronic diseases and lifestyle-related diseases. Several pharmaceutical companies are receiving the certifications for the halal ingredients including the active pharmaceutical ingredients (APIs) and excipients for preparing the pharmaceuticals.

Geographical Presentation

By region, the global halal ingredients market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, Middle-East, and Africa dominated the global halal ingredients market and expected to grow at the highest CAGR during the forecasted period due to the presence of favorable government regulations for the halal ingredients. Several companies are shifting their manufacturing facilities and base to the Middle-East, and Africa due to the growing Muslim population. The drastic market growth is expected to witness in countries such as Saudi Arabia, Iran, and the UAE due to the rapid economic growth because of the stable political environment in these countries. It is further expected that the Middle-East and Africa shall maintain their dominant market position over the forecasted period.

The Asia-Pacific region is expected to have positive market growth due to the growing Muslim populations especially in South Asia and Pacific regions in countries such as Indonesia, Pakistan, India, and Bangladesh. There is an increase in the number of products receiving halal certifications. The increasing disposable income, & purchasing power of the people shall boost the demand for halal ingredients over the forecasted period.

Competitive Analysis

The global halal ingredients market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Koninklijke Dsm N.V, Archer Daniels Midland, DowDupont, Solvay S.A., Barentz International BV, Cargill, BASF, and Symrise are the leading market players with significant market share.

Major players are receiving halal certifications for their products. For instance, In April 2019, Schülke had received the halal certification for its broad portfolio of personal care products. In December 2018, Impossible Foods had received the halal certification from the Islamic Food and Nutrition Council of America (IFANCA). Its flagship product, the Impossible Burger, is now halal certified by IFANCA under the Jabatan Kemajuan Islam Malaysia (JAKIM) regulations.

In March 2016, BASF has received halal certification for more of its personal care ingredients. These are the 145 personal and home care ingredients made at the company’s Düsseldorf and Illertissen site now comply with the HAS 23000 international halal standard. These ingredients were approved by the Halal Control, Russelsheim, or the Halal Food Council of Europe, Brussels, which are both recognized by the Indonesian Council of Ulama. These products include ingredients range from sugar-based surfactants, pearlised, emollients, and protein derivatives for personal care applications such as cleansers or bubble baths.

Companies are entering into collaborations, acquisitions, mergers, and licensing for increasing their market penetration. For instance, In March 2020, Impossible Foods had entered into a partnership with Halal Shack to serve halal-certified Afghan-inspired cuisine.

In December 2018, Halal Industry Development Corporation (HDC) had entered into the tripartite collaboration with ARLA Foods amba (Arla), an international co-operative based in Denmark, and ARK Advantage (ARK), Arla’s Halal advisor, towards the globalization of Halal Malaysia for producing the more home-grown Halal Malaysia champions and creating bigger market spaces for these Halal products.

In April 2012, Agilent Technologies Inc. had entered into a collaboration with the Universiti Putra Malaysia’s Halal Products Research Institute (HPRI) to strengthen Malaysia’s research capabilities for halal food products.

Why Purchase the Report?

  • Visualize the composition of the global halal ingredients market products in terms of ingredient type, and application highlighting the critical commercial assets and players.
  • Identify commercial opportunities in the global halal ingredients market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of global halal ingredients market-level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

**The global halal ingredients market report will provide access to approximately 53 market data tables, 44 figures, and 180 pages

Target Audience

  • Industry Investors/Investment Bankers
  • Suppliers/Buyers
  • Education & Research Institutes
  • Manufacturers
  • Research Professionals
  • Emerging Companies
  • Distributors

Frequently Asked Questions

What is the Projected CAGR value of the Halal Ingredients Market?

Halal Ingredients Market is expected to grow at a CAGR of 7.8% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Halal Ingredients Market during 2022-2029.

Which is the fastest growing region in the Halal Ingredients Market?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period.

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