The global halal ingredients market, valued at USD 327.4 billion in 2022, is on a steady growth trajectory and is expected to reach USD 436.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.9% from 2022 to 2032. This growth is propelled by the rising significance of halal dietary and lifestyle systems, distinct from other cultural diets. With the increasing recognition of Muslim halal requirements, the market for certified halal food & beverage, pharmaceuticals, and cosmetics is expanding rapidly.
The demand for halal ingredients is surging due to the growing Muslim population that adheres strictly to halal dietary laws. This population segment is substantial, spending USD 1.9 trillion and accounting for 21.2% of global expenditure in the food, pharmaceutical, and cosmetics sectors. The rise in adopting religion-based dietary plans has helped the global halal ingredients market gain traction and visibility. Moreover, the promotion of Islamic culture and food practices in GCC countries has further boosted the sales of halal ingredients, opening new markets and driving demand.
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Key Factors of Halal Ingredients Market:
- The global Muslim population is a significant consumer segment for halal ingredients, driving demand for certified halal products across food, pharmaceuticals, and cosmetics industries.
- Muslim consumers adhere to strict dietary rules outlined in Islamic law, which classify products as permissible (halal) or not permissible (haram). This adherence significantly influences their purchasing decisions.
- The increasing recognition of halal requirements by global manufacturers has propelled market growth, with certified halal products gaining widespread acceptance and demand.
Key Trends of Halal Ingredients Market:
- The food & beverage segment is likely to dominate the source segment, holding more than 61.2% of the market share in 2022. This segment is expected to grow with a CAGR of around 4.1% over the forecast period, driven by consumer demand for halal-certified food and beverages.
- The promotion of halal practices in GCC countries and beyond has opened up new markets for halal ingredients, leading to increased sales and market expansion.
- The rise in the adoption of new dietary plans, particularly those based on religious guidelines, has significantly shaped the global halal ingredients market, making it more recognizable and prominent.
Key Takeaways from Market Study
- The halal ingredients products market is expected to expand its roots in the global market at a CAGR of 4.9% over the forecasted period.
- Among the end-use segment, the food & beverage industry is dominating the segment holding around 61.2% of the revenue and it is likely to grow with a CAGR of 4.1% over the forecasted period.
- The North American halal ingredients market is valued at USD 84.1 Bn in 2022 and it is expected to grow with CAGR of 5.4% over the forecast period 2032.
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Global Halal Ingredients Market By Category
By End-Use, Global Halal Ingredients Market is segmented as:
- Food Ingredients
- Sauces and marinades
- Thickening agents
- Sugar substitutes
- Flavors
- Other
- 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
- Active Pharma Ingredients
- Excipients
Country-Wise Analysis of Global Halal Ingredients Market :
- North America: In North America, the halal ingredients market is witnessing robust growth due to the increasing Muslim population and the rising awareness of halal dietary laws. The demand for halal-certified products is growing, with manufacturers focusing on meeting these requirements to capture a larger market share.
- Europe: Europe is experiencing a steady rise in demand for halal ingredients, driven by the growing Muslim population and the increasing popularity of halal food products. The region is seeing significant market growth as consumers seek products that comply with Islamic dietary laws.
- Asia Pacific: The Asia Pacific region is a key market for halal ingredients, with countries like Malaysia and Indonesia leading the demand. The substantial Muslim population in these countries drives the market, with a strong preference for halal-certified food, pharmaceuticals, and cosmetics.
- Middle East & Africa: The Middle East & Africa region is a major hub for halal ingredients, with GCC countries promoting Islamic culture and food practices. The market is expanding rapidly, with significant investments in halal certification and production to cater to the growing demand.
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