The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increased demand for halal processed foods and drinks is likely to promote innovation in halal ingredient manufacturing, propelling the market during the forecast period.

The global halal ingredients market is expected to grow from $320.81 billion in 2022 to $332.62 billion in 2023 at a compound annual growth rate (CAGR) of 3.7%. The global halal ingredients market size is expected to reach $379.06 billion in 2027 at a CAGR of 3.3%.

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Global Halal Ingredients Market Segments Include:

• By Type: Ingredients For Food And Beverage Industry, Ingredients For Pharmaceutical Industry, Ingredients For Cosmetics Industry
• By Distribution Channel: Online, Offline
• By Application: Food And beverages, Pharmaceuticals, Cosmetics
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Middle East is the largest region in the global halal ingredients market in 2021.

Major Market Players in the halal ingredients market include Barentz B.V., Symrise AG, Ashland Global Specialty Chemicals Inc., Purecircle Ltd., Halagel (M) Sdn. Bhd., ADM Barentz B.V., Kerry Group Plc., Solvay S.A., Koninklijke DSM N.V.

Product innovations are a hot trend in the halal ingredients market. Major players in the halal ingredients market are focusing on finding new solutions to maintain their market position. KTC Edibles Ltd., a UK-based firm that manufactures and sells edible oils, will debut the first halal certified beef dripping in the UK in July 2022. KTC Beef Dripping is appropriate for all types of frying and roasting and is an excellent alternative for Fish and Chip shops wishing to broaden their appeal and cater to the Halal market.

The Halal Ingredients Global Market Report 2023  provides a halal ingredients market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The halal ingredients market forecast analyzes halal ingredients market size, halal ingredients market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Halal ingredients are those that are free of all of the elements that Muslims are not permitted to consume under Islamic law. These substances are processed, generated, made, manufactured, and stored utilising Islamically cleansed utensils, equipment, and/or technology.

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