Global Food Halal Ingredients Market, By Ingredient Type (Flavors, Hydrocolloids, Starches, Sweeteners, Acidulants, Emulsifiers, Enzymes, Colors, Protein, Antioxidants, Preservatives, Others), Application(Convenience Food Products, Bakery Products, Beverage Products, Meat & Poultry Products, Confectionary Products, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Food Halal Ingredients Market
The food halal ingredients market is expected to witness market growth at a rate of 6.05% in the forecast period of 2021 to 2028. Data Bridge Market Research report on food halal ingredients market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in health consciousness globally is escalating the growth of food halal ingredients market.
The food halal ingredients refer to the type of food ingredients that are related to foods that are prepared by fulfilling the Islamic laws and regulations, along with signifying the dietary requirements. The ingredients could be designated to food as well as beverages, among others. Vegetable, plants, fish, halal animal’s meat when the animal is slaughtered according to sharia rules, are included in common ingredient of halal ingredients.
The rise in the consumption of products with halal ingredients across the globe acts as one of the major factors driving the growth of food halal ingredients market. The surge in in the consumption of products with halal ingredients owning to the increasing conscience about healthy and safe products, and high reliance of Non-Oic countries on the Halal Food Industry accelerate the market growth. The increase in the preference towards halal ingredients among modern consumers due to the willingness to pay premium price for natural, organic and earthly products and eco-ethical conscious further influence the market. Additionally, growth in awareness regarding the health benefits, change in consumer lifestyle, rise in Islamic population and high disposable income positively affect the food halal ingredients market. Furthermore, rise in demand for halal processed foods products extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, lack of common standards and issue with the certification is expected to obstruct the halal ingredients market growth. Lack of uniformity for halal standards in different countries is projected to challenge the food halal ingredients market in the forecast period of 2021 to 2028.
This food halal ingredients market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on food halal ingredients market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Food Halal Ingredients Market Scope and Market Size
The food halal ingredients market is segmented on the basis of ingredient type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of ingredient type, the food halal ingredients market is segmented into flavors, hydrocolloids, starches, sweeteners, acidulants, emulsifiers, enzymes, colors, protein, antioxidants, preservatives and others. Hydrocolloids have been further segmented into thickeners, binders and stabilizers. Protein has been further segmented into concentrates and isolates.
- On the basis of application, the food halal ingredients market is segmented into convenience food products, bakery products, beverage products, meat & poultry products, confectionary products and others.
Food Halal Ingredients Market Country Level Analysis
The food halal ingredients market is analysed and market size, volume information is provided by country, ingredient type and application as referenced above.
The countries covered in the food halal ingredients market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the food halal ingredients market because of the large population of Muslims and high demand of the product within the region. North America is expected to witness growth during the forecast period of 2021 to 2028 due to the increase in awareness in the region.
The country section of the food halal ingredients market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Food Halal Ingredients Market Share Analysis
The food halal ingredients market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to food halal ingredients market.
The major players covered in the food halal ingredients market report are BASF SE, Cargill, Incorporated, Solvay, Unilever Food Solutions, Tesco, SAAF International, Koninklijke DSM N.V., ADM, Kerry Group plc, Solvay, Barentz International BV, Cargill, Incorporated, PureCircle, and Nestlé S.A., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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