The halal market encompasses various applications, with the dominating segment being the food and beverage industry. Halal food adheres to Islamic dietary laws, catering to Muslim consumers' religious dietary requirements. It includes a wide range of products, from meat and dairy to processed foods. Additionally, the halal market extends into cosmetics, pharmaceuticals, and personal care products, ensuring that these items are produced using ingredients and processes compliant with Islamic principles. The food and beverage sector, however, remains the primary focus due to its substantial global demand.
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Data Bridge Market Research analyses that the Indonesia Halal Market was valued at 214.13 billion in 2021 and is expected to reach the value of USD 619.47 billion by the year 2029, at a CAGR of 14.2% during the forecast period of 2022-2029.
Certain consumers choose halal products because they perceive them as adhering to ethical and sustainable production practices. They view the certification process as a guarantee of humane treatment of animals and environmentally responsible methods, aligning with their values.
Key Findings of the Study
Regulatory support is expected to drive the market's growth rate
In certain countries, government regulations actively promote the certification and sale of Halal products. These regulations help establish standardized procedures for Halal certification, ensuring compliance with Islamic dietary laws. By providing a clear framework, governments encourage businesses to produce Halal products, leading to greater consumer confidence and market growth. These regulations also facilitate trade, both domestically and internationally, as Halal certification becomes a recognized standard, thus promoting economic growth in the Halal market.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Food and Beverages, Dietary Supplements, Pharmaceutical, Sports Nutrition, Personal Care, Cosmetic, Others), Product Category (Conventional, Organic), Brand (Private Label, Branded), Certification Status (Halal Certified, Non-Certified), Distribution Channel (Store based Retailers, Non-Store Retailers)
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Countries Covered
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Indonesia
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Market Players Covered
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Nestlé (Switzerland), Unilever Food Solutions (Netherlands), Cargill Incorporated (U.S.), PT Kalbe Farma Tbk (Indonesia), PT INDOFOOD SUKSES MAKMUR Tbk (Indonesia), Pharmaniaga Berhad (Malaysia), PT. Sreeya Sewu Indonesia Tbk (Indonesia), PT Paragon Technology and Innovation (Indonesia), Duopharma Biotech Berhad (Malaysia), PT Darya-Varia Laboratoria Tbk (Indonesia), Bio Farma (Indonesia), PT. HOKKAN INDONESIA (Indonesia), CLARA INTERNATIONAL BEAUTY GROUP (Malaysia), Simpor Pharma Sendirian Berhad (Brunei), INDFRAG BIOSCIENCES (India).
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Indonesia halal market is segmented on the basis of type, product category, brand, certification status, and distribution channel.
- On the basis of type, the Indonesia halal market is segmented into food and beverages, dietary supplements, pharmaceutical, sports nutrition, personal care, cosmetic, and others.
- On the basis of product category, the Indonesia halal market is segmented into conventional, and organic.
- On the basis of brand, the Indonesia halal market is segmented into private label, and branded.
- On the basis of certification status, the Indonesia halal market is segmented into halal certified, and non-certified.
- On the basis of distribution channel, the Indonesia halal market is segmented into store based retailers, and non-store retailers.
Major Players
Data Bridge Market Research recognizes the following companies as the Indonesia halal market players in Indonesia halal market are Nestlé (Switzerland), Unilever Food Solutions (Netherlands), Cargill Incorporated (U.S.), PT Kalbe Farma Tbk (Indonesia), PT INDOFOOD SUKSES MAKMUR Tbk (Indonesia), Pharmaniaga Berhad (Malaysia), PT. Sreeya Sewu Indonesia Tbk (Indonesia).
Market Developments
- In March 2022, PT INDOFOOD SUKSES MAKMUR Tbk introduced a new product, the Indomie Soto Banjar Limau Kuit. This flavorful soup combines the rich taste of Soto Banjar with the refreshing essence of South Kalimantan's kaffir lime. With delectable toppings and a delicious flavor profile, it is such asly to captivate the taste buds of consumers. This innovative offering is expected to attract new customers, expanding the company's market reach and product appeal.
- In February 2022, PT Paragon Technology and Innovation introduced Wardah Crystal Secret, a skincare product formulated with enhanced ingredients for more effective skin brightening. Featuring double the Edelweiss flower extract, it promises radiant and glowing skin. This innovation is set to appeal to customers who actively seek skin-brightening solutions, tapping into the growing demand for skincare products that provide visible and lasting improvements in skin tone and radiance.
For more detailed information about the Indonesia halal market report, click here – https://www.databridgemarketresearch.com/jp/reports/indonesia-halal-market
