Market Research Blog

The global halal ingredients market size is valued at USD 327.4 Bn in 2022 and it is expected to grow at a compound annual growth rate (CAGR) of 4.9% from 2022 to 2032. The average CAGR is likely to lead the market as it would cross the value of US$ 436.2 Bn by 2032.

Even though Muslims will continue to be a minority in North America and Europe, they will make up a growing proportion of the total population. The Muslim population in Europe is expected to grow by nearly a third to 59.4 million by 2030. At the same time, North America’s Muslim population is expected to more than double, increasing the sales of halal ingredients in these markets. The term halal is gaining a lot of recognition lately as GCC countries promote the Islamic culture and food practices.

The world’s growing and large Muslim consumer market will continue to fuel the halal industry’s escalating growth, opening up an array of halal market opportunities. Growing awareness of Muslim consumers’ religious obligations has also increased the demand for halal services and products. Muslims’ demographics have shifted dramatically in recent years.

The rising trend of using cruelty-free products is fueling the growth of the halal ingredients market in Europe and other developed economies, fueling global halal ingredients market expansion.

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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.

“The rising Muslim population globally, non-Muslim population choosing the halal products together has surged the growth of halal ingredients.” says a Future Market Insights analyst.

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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

By Region, Global Halal Ingredients Market is segmented as:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa

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Competitive Landscape

Key manufacturers of global halal ingredients market are majorly focusing on research & development in order to develop innovative and unique product offering. In addition to this these key players in the halal ingredients market are also concentrating on merger, acquisition and joint ventures to expand their geographical presence and also to increase the existing production capacity.

• In June 2021, Merck, a global leader in science and technology, introduced its entire cosmetics portfolio including the Candurin® pharmaceutical and food portfolio, has been certified in accordance with several internationally recognised halal standards.

As a result, Merck’s halal-certified product portfolio has expanded to include halal-certified special effect pigments, food colorants, and cosmetic ingredients.

Author by:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The gluten-free soup market is anticipated to expand its roots at a steady CAGR of 7% between 2023 and 2033. The market is expected to have a market share of US$ 4.74 billion by 2033 while it is likely to be valued at US$ 2.42 billion in 2023

• Advanced healthcare and wellness centers with diet charts and plans are making people aware of their health conditions and body requirements. These structures also explain to the end-users to skip certain edibles that are not supposed to be healthy for the body. Gluten-free products are a part of that list.
• Gluten-free bread, cakes, and soup are expanding their market across the globe as the global anti-gluten trend rises. Furthermore, the increasing number of restaurants and outlets presenting their gluten-free items for a niche segment of people is propelling the market growth.
• High penetration of celiac diseases due to the high gluten intake adds value to the market. The increased prevalence of other diseases like bloating, weight loss, and skin rashes also pushes people to avoid food products that involve gluten in them.
• Soup is an integral part of many delicacies and is served with different local twists and flavors. The advent of gluten-free products is expected to create many opportunities for the gluten-free product industry.

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Key Takeaways:

1. The United States market leads the gluten-free soup market in terms of market share in North America. The United States region held a market share of 20.4% in 2022. The growth in this region is attributed to the expanding food and beverages businesses, people being health conscious, and increasing awareness around gluten-free diets.
2. Germany’s gluten-free soup market is another important market in the European region. The market held a market share of 5.0% in 2022. The growth is attributed to high tourist footfall, high-end product-based research, and the importance of soup in German culture.
3. India’s gluten-free soup market thrives at a CAGR of 8.7% during the forecast period. The growth is attributed to the advent of new food culture, the spread of continental dining, and expanding international hotels and restaurants.
4. China’s gluten-free soup market also thrives at a CAGR of 7.2% between 2023 and 2033. The growth is caused by the occurrence of different health conditions in people due to the gluten-intake and the popularity of gluten-free diets.
5. Based on the form type, the liquid form segment held the leading market share of 31.4% in 2022. The growth is attributed to better mixing and effective usage.
6. Based on category type, the vegetarian segment leads the market as it held a leading market share of 35.6% in 2022. The growth is caused by higher consumption and increased availability of different flavors.

Competitive Landscape

The key vendors focus on enhancing protein, vitamins, and other elements in the soup to increase its nutritional value. Key competitors merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

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Key Players Operating in the Gluten-Free Soup Market

• Amy’s Kitchen Inc.
• The Campbell Soup Company
• ConAgra Brands Inc
• The Kraft Heinz Company
• Barilla Holdings
• Baxter Food Group
• Anderson House
• Pacific Foods
• Progresso
• Swanson
• Others

Recent Market Developments

• Amy’s Kitchen Inc. has extended its gluten-free products with new flavors of soups like organic tortilla soup, organic quinoa, kale, red lentil soup, etc.
• The Campbell Soup Company has introduced 22 beef, chicken, and vegetable broth items that can be considered gluten-free to 20ppm. These items have low-sodium and unsalted beef and chicken in them.

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Key Segments Covered in the Gluten-free Soup Market

By Form:

• Liquid Form
• Solid Form

By Category:

• Vegetarian
• Non-Vegetarian

By Packaging:

• Canned
• Pouched
• Other Packaging

By Sales Channel:

• Offline Sales Channel
  • Supermarkets/Hypermarkets
  • Departmental Stores
  • Convenience Store
  • Other Sales Channel
• Online Sales Channel
  • Company Website
  • E-commerce Platform

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

As per the FMI market survey report, The global tonic wine market value is expected to reach around US$ 1,881 million in the year 2023. the overall market is projected to accelerate at a CAGR of 6% between 2023 and 2033. The tonic wine sales forecast remains positive and is expected to reach a valuation of US$ 3,373.2 million globally by 2033.

Tonic wine is getting increasingly regarded by health professionals as an energizing beverage that is healthful sometimes even prescribed for children. So the consumption of tonic wine and the expansion of the industry are escalating by the rising public knowledge of its health advantages. Other than that, serving tonic wines in bars and restaurants is also anticipated to provide some more opportunities for the market players in the coming days.

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To increase tonic wine sales attractive packaging is expected to play a crucial role thereby expanding the global tonic wine industry. Moreover, aluminum can packaging has emerged as a more practical and attractive solution since it improves shelf life and is lightweight. So, the rising supply of canned tonic wines and their availability in dispersed retail outlets and supermarkets is likely to boost their sales.

The proliferation of e-commerce platforms may further assist customers to pick up on their preferred favorite brands and tastes in tonic wines. Moreover, these direct channels might increase sales with the simplicity of home delivery and the availability of online payment methods.

Key Takeaways from the Tonic Wine Market Study Report

• The total consumption of tonic wine in the United States is higher than any other country as per the market survey of 2022. The United States tonic wine revenue share was nearly 18.9% of the global market that year.
• Germany follows the United States in the consumption of tonic wine and is the leading market in the European region. In the year 2022, the supply of tonic wines from Germany accrued a global market share of 4.9%.
• The demand for tonic wines in the United Kingdom is growing at a lucrative rate, and the regional market is projected to register a CAGR of 7.4% through 2033.
• Japan is the leading country for the production of tonic wines in the Asia Pacific region. As per the 2022 market survey report it held a revenue share of 4.3%. While Australia was figured out to have contributed almost 2.1% that year.
• China and India are the two notably growing regions in the global market for the production of tonic wines these years. As per the FMI market analysis report, they are expected to exhibit a growth rate of 5.4% and 4.3% through 2033 respectively.

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Competitive Landscape for the Tonic Wine Market Players

Buckfast Abbey, Campari, Sainsbury’s, Portman, Reggae Treats, and Dee Bee Wholesale are some key players in the global tonic wine market. Tonic wine manufacturers are enthusiastically adopting online retail channels for the sales and marketing of their products.

The worldwide tonic wine could see a reduction over the coming days with the growing challenges for systematic sourcing of raw materials. In addition to this, the recent surge in the availability of substitutes for fermented drinks could pose a key challenge for tonic wine producers.

Tonic Wine Industry Segments Covered by the Market Report

By Type:

• Magnum
• Buckfast
• Sanatogen
• Mandingo
• Other

By Application:

• Household
• Foodservice
• Institution
  • Hospitals
  • Clinics
  • Other Institutional Applications

By Sales Channel:

• Business to Business (B2B)
• Business to Customer (B2C)
  • Modern Trade
  • Traditional Liquor Stores
  • Drugstores and Pharmacies
  • Specialty Stores
  • Online Retail
  • Other Retail Formats

By Region:

• North America Market
• Latin America Market
• Europe Market
• East Asia Market
• South Asia Market
• Oceania Market
• The Middle East and Africa (MEA) Market

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube