The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Market Growth Overview:

• The halal ingredients market has shown steady growth.
• Expected to grow from $332.62 billion in 2023 to $344.52 billion in 2024 at a CAGR of 3.6%.
• Forecasted to reach $395.16 billion in 2028 at a CAGR of 3.5%.

Factors Driving Growth:

• Rising demand for halal processed food and beverages.
• Focus on health benefits, cleanliness, and safety.
• Consumer perception favoring halal-certified products.
• Increasing awareness and adoption of halal lifestyles.

View More On The Halal Ingredients Market Report 2024 –
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Surging Demand For Halal Processed Food Drives Market Expansion

Growing Demand:

• Halal processed food and beverages witness increasing popularity.
• Halal ingredients ensure superior quality, health benefits, and purity.

Consumer Perception:

• Survey reveals consumer beliefs in the superiority of halal-certified products.
• Factors such as freshness, healthiness, and humaneness drive preference.

Major Players in the Market

Key Companies:

• Barentz B.V.
• Symrise AG
• Ashland Global Specialty Chemicals Inc.
• Purecircle Ltd.
• And many more…

Product Innovations:

• Launch of first-ever halal certified Beef Dripping in the UK.
• Focus on catering to diverse consumer needs and preferences.
• Expansion of product portfolios to sustain market presence.

Agthia Group Expands Portfolio Through Strategic Acquisition

Strategic Move:

• Agthia Group PJSC acquires Nabil Foods to enter the processed protein industry.
• Acquisition enhances Agthia’s overall category portfolio and market reach.

Market Segmentation and Regional Analysis

Market Segments:

1. By Type: Ingredients For Food And Beverage, Pharmaceutical, and Cosmetic Industries.
2. By Distribution Channel: Online, Offline.
3. By Application: Food And Beverages, Pharmaceuticals, Cosmetics.

Regional Insights:

• Middle East leads the market, with significant growth potential.
• Expected to be the fastest-growing region during the forecast period.

Conclusion

The halal ingredients market is experiencing steady growth driven by the surging demand for halal processed food and beverages. Major players are focused on product innovations and strategic acquisitions to expand their portfolios and cater to diverse consumer needs. With increasing awareness and adoption of halal lifestyles, the market is poised for continued expansion, offering superior quality, health benefits, and safety assurance to consumers worldwide.

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The Halal Ingredients Global Market Report 2024  provides comprehensive insights on the halal ingredients market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the halal ingredients market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Halal Food Global Market Report 2024

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