Global Halal Ingredients for Food and Beverage 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 and 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, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029.
Market Analysis and Insights of Halal Ingredients for Food and Beverage Market
The halal ingredients for the food and beverage market is expected to grow in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the halal ingredients for food and beverage market to exhibit a CAGR of 6.20% for the forecast period of 2022-2029.
The halal ingredients for food and beverage are basically the ingredients used for the halal food and beverage. Halal refers to a type of food prepared by Islamic laws and regulations. It also refers to dietary requirements and the legality and cleanliness of the food prior to consumption.
The factors such as the increased demand for halal-certified products in the past few years is attributed to the growing population of Muslims are the major factors fostering the growth of the halal ingredients for food and beverage market. Additionally, the rising applications from non-oic countries, surging disposable income, and changing lifestyle are other important factors acting as the market growth determinants. Moreover, the rising consciousness among the Muslim population concerning the requirement and inevitability to ingest only halal food are estimated to accelerate the overall growth of the market. However, the high cost of production is supposed to hamper the market’s growth. Moreover, the lack of consistency in the growing nations might hinder overall growth of the market.
The increasing potential for unaddressed products will generate various profitable opportunities for the halal ingredients for the food and beverage market. However, the provision of no common standard might also pose as a major challenge for the market growth rate as it disrupted the production and supply within the market.
This halal ingredients for food and beverage 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 halal ingredients for food and beverage 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 Halal Ingredients for Food and Beverage Market Scope and Market Size
The halal ingredients for food and beverage market is segmented on the basis of ingredient type and application. The growth among segments helps you analyze 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 halal ingredients for food and beverage 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.
- Based on application, the halal ingredients for food and beverage market is segmented into convenience food products, bakery products, beverage products, meat and poultry products, confectionary products and others. The food products are sub sub-segmented into confectionery, dairy and dairy products, canned and preserved food, frozen food, infant food, instant food, rice products, meat and poultry product, vegetable products and edible fats and oil. The beverage products are sub sub-segmented into coffee, tea, concentrated beverages and juices, soft drinks and health and nutritional drinks.
Halal Ingredients for Food and Beverage Market Country Level Analysis
The halal ingredients for food and beverage market is segmented on the basis of ingredient type and application.
The countries covered in the halal ingredients for food and beverage market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, 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).
The Middle East and Africa region dominates the halal ingredients for the food and beverage market and will continue to flourish its trend of dominance during the forecast period owing to the prevalence of favorable government policies and increasing demand for halal ingredients within the region. Asia-Pacific, on the other hand is expected to show lucrative growth due to increase in the Muslim population, high demand for halal foods, and a rise in disposable income in the region.
The country section of the halal ingredients for food and beverage 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 Halal Ingredients for Food and Beverage Market Share Analysis
The halal ingredients for food and beverage 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 halal ingredients for food and beverage market.
Some of the major players operating in the halal ingredients for food and beverage market report are DSM, ADM, Kerry Group, Solvay, Barentz, Cargill, Incorporated, BASF SE, PureCircle, Nestlé India Ltd., BRF Global., Al Islami Foods, American Foods Group, LLC, Cargill, Incorporated, Midamar Corporation., Carrefour., Saffron Road, One World Halal, Allanasons Pvt Ltd, QL Foods Sdn Bhd, NEMA FOOD DISTRIBUTION, INC., NAMET, and Kawan Food Manufacturing Sdn Bhd., among others.
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