Global Halal Ingredients Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2031

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Global Halal Ingredients Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2031

  • Food & Beverage
  • Upcoming Report
  • Aug 2024
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Halal Ingredients Market

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period
2024 –2031
Diagram Market Size (Base Year)
USD 57.81 Billion
Diagram Market Size (Forecast Year)
USD 92.49 Billion
Diagram CAGR
%
Diagram Major Markets Players
  • Cargill
  • Incorporated (U.S.)
  • Solvay (Belgium)
  • Archer Daniels Midland Company (U.S.)
  • DSM (Netherlands)

Global Halal Ingredients Market Segmentation, By Product Type (Personal Care Products and Color Cosmetics), Ingredient Type (Ingredients for the Food and Beverage Industry, Ingredients for the Pharmaceutical Industry, and Ingredients for the Cosmetic Industry), Application (Food and Beverage, Cosmetics, and Pharmaceuticals), Distribution Channels (Online and Offline) – Industry Trends and Forecast to 2031.

Halal Ingredients Market

 

Halal Ingredients Market Analysis

The halal ingredients market is expanding due to increasing demand for compliant food products. Recent developments include advancements in certification technologies and traceability systems, ensuring authenticity and quality. New methods focus on enhancing ingredient sourcing and processing while maintaining halal standards. Growth is driven by rising consumer awareness and the expansion of halal food options globally.

Halal Ingredients Market Size

The global halal ingredients market size was valued at USD 57.81 billion in 2023 and is projected to reach USD 92.49 billion by 2031, with a CAGR of 6.05% during the forecast period of 2024 to 2031. 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.

Report Scope and Market Segmentation      

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016 - 2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Personal Care Products and Color Cosmetics), Ingredient Type (Ingredients for the Food and Beverage Industry, Ingredients for the Pharmaceutical Industry, and Ingredients for the Cosmetic Industry), Application (Food and Beverage, Cosmetics, and Pharmaceuticals), Distribution Channels (Online and Offline)

Countries Covered

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, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

Market Players Covered

Cargill, Incorporated (U.S.), Solvay (Belgium), Archer Daniels Midland Company (U.S.), DSM (Netherlands), Del Monte Philippines, Inc. (Philippines), Unilever Food Solutions (U.K.), Tesco (U.K.), INIKA Organic Australia (Australia), Martha Tilaar Group (Indonesia), IVY Beauty Corporation (Malaysia), CLARA INTERNATIONAL BEAUTY GROUP (Malaysia), INGLOT Cosmetics (Poland), Iba (South Korea), Tuesday in Love (Canada), Wardah (Indonesia), Wipro Unza Holdings Ltd. (Singapore), Sirehemas Marketing Sdn Bhd (Malaysia), and PROLAB COSMETICS (Brazil)

Market Opportunities

  • Innovation in Product Development
  • Expansion of Halal Certification

Halal Ingredients Market Definition

Halal ingredients comply with Islamic dietary laws, which are outlined in the Quran and Hadith. These include foods and additives that are permissible, such as certain meats (slaughtered according to Islamic methods), dairy, grains, fruits, and vegetables. Ingredients must avoid any substances derived from prohibited sources such as pork or alcohol, ensuring they meet halal certification standards.

Halal Ingredients Market Dynamics

Drivers

  • Rising Demand for Ethical and Safe Food

The rising demand for ethical and safe halal food ingredients is a key driver for the halal ingredients market. Consumers are increasingly prioritizing products that meet high ethical standards and rigorous safety protocols. Halal ingredients, known for their strict processing requirements, align with these values. For instance, in the U.S., the popularity of halal food has surged among both Muslim and non-Muslim consumers, reflecting a broader trend toward ethical consumption.

  • Growing Muslim Population

The expanding Muslim population globally, particularly in regions such as the Middle East, Southeast Asia, and parts of Europe, significantly drives the halal ingredients market. For example, in Indonesia, the world's largest Muslim-majority country, the demand for halal products is surging as the population grows and the government supports halal certification. This demographic trend boosts the need for halal-certified ingredients to meet the dietary preferences of a growing consumer base.

Opportunities

  • Innovation in Product Development

Innovation in halal ingredient formulations creates significant market opportunities by addressing diverse consumer preferences and dietary needs. For instance, advancements in plant-based halal alternatives, such as Impossible Foods' halal-certified plant-based burgers, cater to both vegetarian and Muslim consumers, expanding market reach. Such innovations not only attract a broader audience but also respond to evolving trends in health and sustainability, driving growth in the halal ingredients market.

  • Expansion of Halal Certification

The expansion of halal certification presents significant market opportunities as food manufacturers increasingly obtain certifications to appeal to the growing Muslim consumer base. For instance, global food giants such as Nestlé and Unilever have expanded their halal-certified product lines to cater to diverse markets. This trend not only enhances the availability and variety of halal ingredients but also opens new revenue streams in regions with substantial Muslim populations, boosting market growth.

Restraints/Challenges

  • Supply Chain Issues

Supply chain issues pose a significant challenge for the halal ingredients market. Ensuring that all ingredients come from certified suppliers is crucial, but finding reliable sources that meet halal standards can be difficult. Managing the supply chain to avoid cross-contamination and maintain certification integrity adds complexity. These challenges can hinder market growth by increasing operational costs and limiting the availability of halal ingredients, affecting overall market efficiency.    

  • Consumer Skepticism

Consumer skepticism about halal claims can hinder the market. Many consumers doubt the authenticity of halal products due to insufficient transparency or inconsistent certification processes. This skepticism can deter potential buyers and undermine market growth. Ensuring that halal products are genuinely compliant with religious standards is crucial to overcoming these challenges and building trust within the market.

This 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 the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

  • In February 2024, CJ Foods, a South Korean company, launched its inaugural halal bibigo Mandu products. This introduction marks a significant expansion as the company plans to introduce the popular Korean Mandu, which holds the top market share in Vietnam, Korea, and the U.S., into the Malaysian market
  • In November 2023, McCook began production operations in Eustis, Nebraska, focusing on beef bacon. The company aims to address the notably underserved halal market with this new offering, tapping into a niche segment that is increasingly sought after by consumers

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Halal Ingredients Market Scope

The market is segmented on the basis of product type, ingredient type, application and distribution channels. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

  • Personal Care Products
    • Skin Care
    • Hair Care
    • Fragrances
    • Others
  • Color Cosmetics
    • Face
    • Eyes
    • Lips
    • Nails

Ingredient Type

  • Ingredients for the Food and Beverage Industry
    • Flavors
    • Hydrocolloids
      • Thickeners
      • Binders
      • Stabilizers
    • Starches
    • Sweeteners
    • Acidulants
    • Emulsifiers
    • Enzymes
    • Colors
    • Protein
      • Concentrates
      • Isolates
    • Antioxidants
    • Preservatives
    • Others
  • Ingredients for the Pharmaceutical Industry
    • Active Pharma Ingredients
    • Excipients
  • Ingredients for the Cosmetic Industry
    • Specialty Additives
    • Active Ingredients
    • Others

 Application

  • Food and Beverage
    • Convenience Food Products
    • Bakery Products
    • Beverage Products
    • Meat and Poultry Products
    • Confectionary Products
    • Others
  • Cosmetics
    • Skin Care
    • Hair Care
    • Make-Up
    • Fragrance
    • Others
  • Pharmaceuticals

 Distribution Channels

  • Online
  • Offline

Halal Ingredients Market Regional Analysis

The market is analysed and market size insights and trends are provided by country, product type, ingredient type, application and distribution channels as referenced above.

The countries covered in the market report are 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, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

Middle East is expected to witness the highest growth in the halal ingredients market due to favorable government regulations in GCC countries and a rapidly growing population. The supportive policies encourage halal food production, while increasing consumer demand further drives market expansion in the region.

The country section of the 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 down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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.

Halal Ingredients Market Share

The 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 market.

Some of the major players operating in the market are:

  • Cargill, Incorporated (U.S.)
  • Solvay (Belgium)
  • Archer Daniels Midland Company (U.S.)
  • DSM (Netherlands)
  • Del Monte Philippines, Inc. (Philippines)
  • Unilever Food Solutions (U.K.)
  • Tesco (U.K.)
  • INIKA Organic Australia (Australia)
  • Martha Tilaar Group (Indonesia)
  • IVY Beauty Corporation (Malaysia)
  • CLARA INTERNATIONAL BEAUTY GROUP (Malaysia)
  • INGLOT Cosmetics (Poland)
  • Iba (South Korea)
  • Tuesday in Love (Canada)
  • Wardah (Indonesia)
  • Wipro Unza Holdings Ltd. (Singapore)
  • Sirehemas Marketing Sdn Bhd (Malaysia)
  • PROLAB COSMETICS (Brazil)


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Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Frequently Asked Questions

The market is segmented based on Segmentation, By Product Type (Personal Care Products and Color Cosmetics), Ingredient Type (Ingredients for the Food and Beverage Industry, Ingredients for the Pharmaceutical Industry, and Ingredients for the Cosmetic Industry), Application (Food and Beverage, Cosmetics, and Pharmaceuticals), Distribution Channels (Online and Offline) – Industry Trends and Forecast to 2031. .
The Global Halal Ingredients Market size was valued at USD 57.81 USD Billion in 2023.
The Global Halal Ingredients Market is projected to grow at a CAGR of 6.05% during the forecast period of 2024 to 2031.
The major players operating in the market include Cargill, Incorporated (U.S.), Solvay (Belgium), Archer Daniels Midland Company (U.S.), DSM (Netherlands), Del Monte Philippines, Inc. (Philippines), Unilever Food Solutions (U.K.), Tesco (U.K.), INIKA Organic Australia (Australia), Martha Tilaar Group (Indonesia), IVY Beauty Corporation (Malaysia), CLARA INTERNATIONAL BEAUTY GROUP (Malaysia), INGLOT Cosmetics (Poland), Iba (South Korea), Tuesday in Love (Canada), Wardah (Indonesia), Wipro Unza Holdings Ltd. (Singapore), Sirehemas Marketing Sdn Bhd (Malaysia), and PROLAB COSMETICS (Brazil).
The market report covers data from 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, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).