The Halal Ingredients Global Market Report 2023, provides comprehensive information on the halal ingredients market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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In accordance with The Business Research Company’s comprehensive analysis in the Halal Ingredients Global Market Report for 2023, the anticipated trajectory of the global halal ingredients market showcases a notable expansion. Projections indicate an upward surge from the recorded $320.81 billion in 2022 to an estimated $332.62 billion in 2023, reflecting a commendable compound annual growth rate (CAGR) of 3.7%. However, amidst these promising figures, the landscape of global economic recovery from the COVID-19 pandemic has encountered a disruptive force in the form of the Russia-Ukraine war.
The geopolitical tensions arising from the conflict have cast a shadow over the prospects of a swift rebound, particularly in the short term. The ensuing repercussions include economic sanctions levied on multiple nations, a consequential spike in commodity prices, and widespread disruptions in supply chains. These developments have cumulatively contributed to inflationary pressures across various goods and services, exerting a pervasive influence on multiple markets across the globe. Despite these challenges, the halal ingredients market is poised to persist in its growth trajectory, with a projected market size of $379.06 billion by the year 2027, maintaining a commendable CAGR of 3.3%.
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A pivotal trend shaping the dynamics of the halal ingredients market revolves around product innovations. Eminent entities within this sector are strategically investing efforts in the development of novel solutions to fortify their market standing. A noteworthy illustration of this trend is evidenced by the actions of KTC Edibles Ltd., a prominent UK-based manufacturer and distributor of edible oils. In a landmark move in July 2022, the company introduced the first-ever halal certified Beef Dripping in the United Kingdom. Designed to accommodate diverse culinary applications, KTC Beef Dripping stands as an optimal choice for various frying and roasting endeavors. Its introduction reflects a proactive response to market demands, particularly from Fish and Chip shops seeking to enhance inclusivity and cater to the burgeoning Halal market.
The halal ingredients market is segmented:
1) By Type: Ingredients For Food And Beverage Industry, Ingredients For Pharmaceutical Industry, Ingredients For Cosmetics Industry
2) By Distribution Channel: Online, Offline
3) By Application: Food And beverages, Pharmaceuticals, Cosmetics
Top 5 Major Players:
Middle East was the largest region in the halal ingredients market in 2022.
Table of contents :
1. Executive Summary
2. Halal Ingredients Market Characteristics
3. Halal Ingredients Market Trends And Strategies
4. Halal Ingredients Market – Macro Economic Scenario
5. Halal Ingredients Market Size And Growth
….
26. Africa Halal Ingredients Market
27. Halal Ingredients Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Halal Ingredients Market
29. Halal Ingredients Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Halal Ingredients Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Halal Ingredients Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Halal Ingredients Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
…
Table 46: Barentz B.V. Financial Performance
Table 47: Symrise AG Financial Performance
Table 48: Ashland Global Specialty Chemicals Inc. Financial Performance
Table 49: Purecircle Ltd. Financial Performance
Table 50: Halagel (M) Sdn. Bhd. Financial Performance
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