Halal Ingredients Market

Halal Ingredients Market Size by Ingredient Type (Ingredients for Food & Beverages, Ingredients for Cosmetics, Ingredients for Pharmaceuticals), Application (Food & Beverages, Cosmetics, Pharmaceuticals), Distribution Channel, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2021 to 2028

Base Year: 2020 Historical Data: 2018-19
  • Report ID: TBI-12494
  • Published Date: Oct, 2021
  • Pages: 194
  • Category: Food & Beverages
  • Format: PDF
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Global halal ingredients market is expected to reach USD 72.81 billion by 2028, at a CAGR of 5.42% from 2021 to 2028. Global halal ingredients market is witnessing a considerable growth owing to increasing Muslim population across the globe.

Market Overview:

Halal ingredients are any ingredient which is permitted to use according to the Islamic law. These ingredients are those, which are free from the component that Muslims are prohibited from consuming. In Islam, halal food consumption and the use of halal consumer products are obligatory in serving god and are allowed to be consumed under Islamic dietary guidelines. These terms are commonly used in relation to food products, cosmetics, personal care products, meat products, pharmaceuticals, food ingredients, and food contact materials. Based on the belief that Muslims should use goods and eat food such as foods that are “halalantoyibban”, which means wholesome and permissible. Therefore, Muslim communities are very mindful on the use of food ingredients and handling processes. Halal products manufacturer follows Sharia law and the religious rites. This means that the products do not contain any alcohol, blood, pork, or animals that were dead before slaughter. These restrictions ensure that the products are cruelty-free and are in compliance with ethical standards.

As Muslim populations grow around the world, the need for halal products and ingredients continues to grow. In Halal cosmetics, both the functional ingredients and active ingredients must comply with Islamic requirements. With the abundance of mushbooh (suspected) and haram ingredients commonly used in industry today (such as collagen extracted from human hair, swine placenta etc.) there is significant growth potential to be captured by manufacturers of Halal ingredients. The global halal ingredient market is expanding especially with the economic development of leading Muslim countries such as Malaysia, India, Pakistan, Nigeria, Indonesia, and Iran. Moreover, countries such as Thailand, Japan, South Korea, China, and the Philippines have been investing heavily in the halal industry. Many companies are entering into the halal ingredients market, to find opportunities and to cater to the demand of consumers. 

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Market Dynamics:

Drivers:
  • Steady growth in the Muslim population worldwide drives the market for halal ingredients

The need for the halal ingredients continues to grow, with the increasing Muslim population across the globe. Muslim consumers prefer all the products they need and consume in their lives be halal. They mainly pay attention to the halal certificate while purchasing the food, beverages, and cosmetics products. In fact, Muslim consumers prefer halal products, as they are associate halal with ethical consumerism. Due to this need and concern, the halal ingredients market is growing at the same rate as Muslim populations grow. 

  • Rise in the application of halal ingredients in beauty and cosmetic products

The demand for halal ingredients has been increased in recent years, owing to rising demand from the cosmetics industry. This is mainly due to the increasing desire of Muslim women to associate their fashion with Islamic loyalties and growing purchasing power of the Muslim population. Many multinational cosmetics companies such as Unilever, L’Oreal and others are entering into the market to develop the cosmetics products based on the halal ingredients, with the aim to cater the increasing demand for halal cosmetics. 

Restraints:
  • Lack of commonly accepted standards among the global certification bodies  

The lack of commonly accepted standards among the global certification bodies has resulted in duplication of certificates, which adds the high cost and complexities. Globally, there are more than 300 officially recognized halal certifiers. Thus, lack of commonly accepted standards for halal ingredients may hamper the growth of the market, over the forecast period.

Opportunities:
  • New business opportunities

Halal products, halal confectionery and halal ingredients have attracted much more attention across the globe. The potential market for halal ingredients is the world’s Islamic population, which is of the order of 1600 million people. Currently, the availability of halal products is still limited, and the customer demand is very high. Thus, some Islamic countries have to even import halal goods from non-Muslim countries. Therefore, there are numerous business opportunities in the halal ingredient market to fill the supply-demand gap. 

Challenges:
  • High production cost may restrain the market growth

Naturally halal animals such as goats cattle, etc., must be slaughtered according to Islamic rites, the rituals specify that the act must be performed by a mentally sound Muslim. Also, the halal ingredients must not be mixed, or come into contact with haram materials such as products from dog or pig during transport, storage, cooking, serving etc. Thus, halal ingredients have to be handled in a very precise way, which results in high cost. In addition to this, high transportation cost, further hampering the growth of halal ingredients market, over the forecast period.

 

Segmentation Analysis:

The global halal ingredients market has been classified based on ingredient type, application, distribution channel, and regions.

  • The ingredient type segment is divided into ingredients for food & beverages, ingredients for cosmetics, and ingredients for pharmaceuticals. The ingredients for food & beverages segment led the halal ingredients market with a market share of around 58.6% in 2020. Food and beverage segment further sub-segmented into flavours, hydrocolloids (thickeners, binders, and stabilizers), sweeteners, emulsifiers, enzymes, preservatives, and others. The food companies are focusing on halal ingredient innovations and offering a broad range of halal products to the consumers. Among all the halal ingredients, the demand for flavour ingredient is high, owing to the increasing popularity of new and innovative flavours and ready-to-eat food products among the consumers.
  • The application segment includes food & beverages, cosmetics, and pharmaceuticals. The cosmetics segment is estimated to grow at the highest CAGR of 7.9% over the forecast period owing to the increasing use of halal ingredients in the cosmetics industry. The demand is high from the young Muslim consumers for halal cosmetics, driving the growth of the market. In Muslim, some cosmetics have a higher priority or urgent concern. Lipstick, for example, may be unintentionally consumed while drinking or eating, so Muslim consumers widely prefer lipsticks that are made from halal ingredients.
  • The distribution channel segment includes an online distribution channel and offline distribution channel. The online distribution channel is likely to grow at the highest CAGR of 7.1% over the forecast period. The online channels, such as e-commerce and social media platforms, are expected to play a key role in the growth of the market. In addition to this, wide availability of halal ingredients at the online stores for the use of various applications, also boosting the growth of online channels. 
Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. The Asia Pacific region emerged as the largest market for the halal ingredients market, with a 38.7% share of the market revenue in 2020.

  • The largest Muslim population is based in the many Asia Pacific countries such as Indonesia, Pakistan, India, Bangladesh, and some Southeast Asian countries. As a result, the demand for halal ingredients is very high in the Asia Pacific region, contributing to the growth of the market. 
  • The Middle East region is projected to grow at the highest CAGR of 7.2% in the global halal ingredients market, over the forecast period. Favourable government regulation in the Middle Eastern countries and the growing population of the Middle East region, driving the growth of the market. 

Asia pacific Halal ingredients Market Share in 2020- 38.7%

 

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Competitive Analysis:

The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances and partnerships to improve their market position in the global halal ingredients industry.

In January 2019, Croda International Plc announced that the company had received Halal-certification from Instituto Halal de Junta Islámica (Halal Institute of Spain) for 15 biopolymer ingredients manufactured at their Ditton site in the United Kingdom.

In March 2017, BASF received halal certification for 145 ingredients from the international halal standard HAS 23000 for home care and personal products.

List of Key Market Players:

  • Halagel Group Of Companies
  • Croda International Plc
  • Del Monte Phil’s., Inc.
  • Unilever
  • L’Oreal
  • Burger King Corporation
  • MAKE-UP ART COSMETICS
  • Beiersdorf
  • Amara cosmetics
  • Shiseido Co., Ltd.
  • Kerry Group plc
  • Impossible Foods
  • KoninklijkeDsm N.V
  • Symrise AG
  • The Archer Daniels Midland

Key Target Audience

  • Pharmaceutical Companies
  • Halal producers
  • Government Authorities and R&D Institutions
  • Food and Drug Administration
  • Consulting And Research Firm

Report Description:

  • Global Halal Ingredients Market, Industry Analysis, Trends, Analysis and Forecast, 2021 to 2028 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2020 is considered as the base year of the report. 2018 and 2019 are considered as the historic years and 2021 to 2028 are the forecast years. The global halal ingredients market is based on revenue (USD Million/Billion). The report incorporates the market study on the basis of revenue. The study covers the market share revenue/market share for each of the segments, regions and countries catering to global halal ingredients market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts all across the globe. The research report also delivers an outline of the attractiveness of halal ingredients and regions which are deduced and formulated on the basis of their growth rate (CAGR), market size, and attractiveness by analyzing the present and future prospects to market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global halal ingredients market. This offers vital and in depth insights in order to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global halal ingredients market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario. 
  • The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis so as to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development in order to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors. 
  • Potential growth prospects along with the penetration rate analysis of the products (market related i.e., global halal ingredients market is covered in order to comprehend the adoption rate and evaluate the market size.

Frequesntly Asked Questions

As per The Brainy Insights, the size of the halal ingredients market was valued at USD 47.58 billion in 2020 and is anticipated to reach USD 72.81 billion by 2028.

Global halal ingredients market is growing at a CAGR of 5.42% during the forecast period 2021-2028.

The global halal ingredients market has been segmented based on ingredient type, application, distribution channel, and regions.The ingredients for food & beverages segment led the halal ingredients market.

The Asia Pacific region emerged as the largest market for the halal ingredients.

Increasing Muslim population worldwide is the key driving factor for the halal ingredients market.

Lack of commonly accepted standards among the global certification bodies may hamper the market growth.

New business opportunities will provide huge growth to the market.

Key players are Halagel Group Of Companies, Croda International Plc, Del Monte Phil’s., Inc., Unilever, L’Oreal, Burger King Corporation

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Ingredient Type
          4.3.2. Market Attractiveness Analysis By Application
          4.3.3. Market Attractiveness Analysis By Distribution Channel
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Increasing Muslim Population Worldwide Drives The Market For Halal Ingredients
          5.2.2. Increasing Usage Of Halal Ingredients In Beauty And Cosmetic Products
    5.3. Restrains
          5.3.1. Lack Of Commonly Accepted Standards Among The Global Certification Bodies
    5.4. Opportunities
          5.4.1. New Business Opportunities
    5.5. Challenges
          5.5.1. High Production Cost Will Also Hamper The Market

6. Global Halal Ingredients Market Analysis and Forecast, By Ingredient Type
    6.1. Segment Overview
    6.2. Ingredients for Food & Beverages
          6.2.1. Flavors
          6.2.2. Hydrocolloids (Thickeners, Binders, Stabilizers)
          6.2.3. Sweeteners
          6.2.4. Emulsifiers
          6.2.5. Enzymes
          6.2.6. Preservatives
          6.2.7. Others
    6.3. Ingredients for Cosmetics
          6.3.1. Specialty Additives
          6.3.2. Active Ingredients
          6.3.3. Others
    6.4. Ingredients for Pharmaceuticals
          6.4.1. Active Pharma Ingredients
          6.4.2. Excipients

7. Global Halal Ingredients Market Analysis and Forecast, By Application
    7.1. Segment Overview
    7.2. Food & Beverages
    7.3. Cosmetics
    7.4. Pharmaceuticals

8. Global Halal Ingredients Market Analysis and Forecast, By Distribution Channel
    8.1. Segment Overview
    8.2. Online
    8.3. Offline

9. Global Halal Ingredients Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global Halal Ingredients Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in the Halal Ingredients Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Product Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. Halagel Group Of Companies
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Croda International Plc
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Del Monte Phil’s., Inc.
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Unilever
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. L’Oreal
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. Burger King Corporation
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. MAKE-UP ART COSMETICS
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Beiersdorf
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Amara cosmetics
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. Shiseido Co., Ltd.
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis
    11.11. Kerry Group plc
          11.11.1. Business Overview
          11.11.2. Company Snapshot
          11.11.3. Company Market Share Analysis
          11.11.4. Company Product Portfolio
          11.11.5. Recent Developments
          11.11.6. SWOT Analysis
    11.12. Impossible Foods
          11.12.1. Business Overview
          11.12.2. Company Snapshot
          11.12.3. Company Market Share Analysis
          11.12.4. Company Product Portfolio
          11.12.5. Recent Developments
          11.12.6. SWOT Analysis
    11.13. Koninklijke Dsm N.V
          11.13.1. Business Overview
          11.13.2. Company Snapshot
          11.13.3. Company Market Share Analysis
          11.13.4. Company Product Portfolio
          11.13.5. Recent Developments
          11.13.6. SWOT Analysis
    11.14. Symrise AG
          11.14.1. Business Overview
          11.14.2. Company Snapshot
          11.14.3. Company Market Share Analysis
          11.14.4. Company Product Portfolio
          11.14.5. Recent Developments
          11.14.6. SWOT Analysis
    11.15. The Archer Daniels Midland
          11.15.1. Business Overview
          11.15.2. Company Snapshot
          11.15.3. Company Market Share Analysis
          11.15.4. Company Product Portfolio
          11.15.5. Recent Developments
          11.15.6. SWOT Analysis

List of Table

1. Global Halal Ingredients Market, By Ingredient Type, 2018–2028  (USD Billion)

2. Global Ingredients for Food & Beverages, Halal Ingredients Market, By Region, 2018–2028 (USD Billion)

3. Global Ingredients for Cosmetics, Halal Ingredients Market, By Region, 2018–2028 (USD Billion)

4. Global Ingredients for Pharmaceuticals, Halal Ingredients Market, By Region, 2018–2028 (USD Billion)

5. Global Halal Ingredients Market, By Application, 2018–2028 (USD Billion)

6. Global Food & BeveragesHalal Ingredients Market, By Region, 2018–2028 (USD Billion)

7. Global Cosmetics Halal Ingredients Market, By Region, 2018–2028 (USD Billion)

8. Global Pharmaceuticals Halal Ingredients Market, By Region, 2018–2028 (USD Billion) 

9. Global Halal Ingredients Market, By Distribution Channel, 2018–2028 (USD Billion)

10. Global Online Halal Ingredients Market, By Region, 2018–2028 (USD Billion)

11. Global Offline Halal Ingredients Market, By Region, 2018–2028 (USD Billion)

12. Global Halal Ingredients Market, By Region, 2018–2028 (USD Billion)

13. Global Halal Ingredients Market, By North America, 2018–2028 (USD Billion)

14. North America Halal Ingredients Market, By Ingredient Type, 2018–2028 (USD Billion)

15. North America Halal Ingredients Market, By Application, 2018–2028 (USD Billion)

16. North America Halal Ingredients Market, By Distribution Channel, 2018–2028 (USD Billion)

17. U.S. Halal Ingredients Market, By Ingredient Type, 2018–2028 (USD Billion)

18. U.S. Halal Ingredients Market, By Application, 2018–2028 (USD Billion)

19. U.S. Halal Ingredients Market, By Distribution Channel, 2018–2028 (USD Billion)

20. Canada Halal Ingredients Market, By Ingredient Type, 2018–2028 (USD Billion)

21. Canada Halal Ingredients Market, By Application, 2018–2028 (USD Billion)

22. Canada Halal Ingredients Market, By Distribution Channel, 2018–2028 (USD Billion)

23. Mexico Halal Ingredients Market, By Ingredient Type, 2018–2028 (USD Billion)

24. Mexico Halal Ingredients Market, By Application, 2018–2028 (USD Billion)

25. Mexico Halal Ingredients Market, By Distribution Channel, 2018–2028 (USD Billion)

26. Europe Halal Ingredients Market, By Ingredient Type, 2018–2028 (USD Billion)

27. Europe Halal Ingredients Market, By Application, 2018–2028 (USD Billion)

28. Europe Halal Ingredients Market, By Distribution Channel, 2018–2028 (USD Billion)

29. Germany Halal Ingredients Market, By Ingredient Type, 2018–2028 (USD Billion)

30. Germany Halal Ingredients Market, By Application, 2018–2028 (USD Billion)

31. Germany Halal Ingredients Market, By Distribution Channel, 2018–2028 (USD Billion)

32. France Halal Ingredients Market, By Ingredient Type, 2018–2028 (USD Billion)

33. France Halal Ingredients Market, By Application, 2018–2028 (USD Billion)

34. France Halal Ingredients Market, By Distribution Channel, 2018–2028 (USD Billion)

35. U.K. Halal Ingredients Market, By Ingredient Type, 2018–2028 (USD Billion)

36. U.K. Halal Ingredients Market, By Application, 2018–2028 (USD Billion)

37. U.K. Halal Ingredients Market, By Distribution Channel, 2018–2028 (USD Billion)

38. Italy Halal Ingredients Market, By Ingredient Type, 2018–2028 (USD Billion)

39. Italy Halal Ingredients Market, By Application, 2018–2028 (USD Billion)

40. Italy Halal Ingredients Market, By Distribution Channel, 2018–2028 (USD Billion)

41. Spain Halal Ingredients Market, By Ingredient Type, 2018–2028 (USD Billion)

42. Spain Halal Ingredients Market, By Application, 2018–2028 (USD Billion)

43. Spain Halal Ingredients Market, By Distribution Channel, 2018–2028 (USD Billion)

44. Asia Pacific Halal Ingredients Market, By Ingredient Type, 2018–2028 (USD Billion)

45. Asia Pacific Halal Ingredients Market, By Application, 2018–2028 (USD Billion)

46. Asia Pacific Halal Ingredients Market, By Distribution Channel, 2018–2028 (USD Billion)

47. Japan Halal Ingredients Market, By Ingredient Type, 2018–2028 (USD Billion)

48. Japan Halal Ingredients Market, By Application, 2018–2028 (USD Billion)

49. Japan Halal Ingredients Market, By Distribution Channel, 2018–2028 (USD Billion)

50. China Halal Ingredients Market, By Ingredient Type, 2018–2028 (USD Billion)

51. China Halal Ingredients Market, By Application, 2018–2028 (USD Billion)

52. China Halal Ingredients Market, By Distribution Channel, 2018–2028 (USD Billion)

53. India Halal Ingredients Market, By Ingredient Type, 2018–2028 (USD Billion)

54. India Halal Ingredients Market, By Application, 2018–2028 (USD Billion)

55. India Halal Ingredients Market, By Distribution Channel, 2018–2028 (USD Billion)

56. South America Halal Ingredients Market, By Ingredient Type, 2018–2028 (USD Billion)

57. South America Halal Ingredients Market, By Application, 2018–2028 (USD Billion)

58. South America Halal Ingredients Market, By Distribution Channel, 2018–2028 (USD Billion)

59. Brazil Halal Ingredients Market, By Ingredient Type, 2018–2028 (USD Billion)

60. Brazil Halal Ingredients Market, By Application, 2018–2028 (USD Billion)

61. Brazil Halal Ingredients Market, By Distribution Channel, 2018–2028 (USD Billion)

62. Middle East and Africa Halal Ingredients Market, By Ingredient Type, 2018–2028 (USD Billion)

63. Middle East and Africa Halal Ingredients Market, By Application, 2018–2028 (USD Billion)

64. Middle East and Africa Halal Ingredients Market, By Distribution Channel, 2018–2028 (USD Billion)

65. UAE Halal Ingredients Market, By Ingredient Type, 2018–2028 (USD Billion)

66. UAE Halal Ingredients Market, By Application, 2018–2028 (USD Billion)

67. UAE Halal Ingredients Market, By Distribution Channel, 2018–2028 (USD Billion)

68. South Africa Halal Ingredients Market, By Ingredient Type, 2018–2028 (USD Billion)

69. South Africa Halal Ingredients Market, By Application, 2018–2028 (USD Billion)

70. South Africa Halal Ingredients Market, By Distribution Channel, 2018–2028 (USD Billion)

List of Figures 

1. Global Halal Ingredients Market Segmentation

2. Halal Ingredients Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Halal Ingredients Market Attractiveness Analysis By Ingredient Type

9. Global Halal Ingredients Market Attractiveness Analysis By Application

10. Global Halal Ingredients Market Attractiveness Analysis By Distribution Channel

11. Global Halal Ingredients Market Attractiveness Analysis By Region

12. Global Halal Ingredients Market: Dynamics

13. Global Halal Ingredients Market Share By Ingredient Type(2021 & 2028)

14. Global Halal Ingredients Market Share By Application(2021 & 2028)

15. Global Halal Ingredients Market Share By Distribution Channel(2021 & 2028)

16. Global Halal Ingredients Market Share by Regions (2021 & 2028)

17. Global Halal Ingredients Market Share by Company (2020)

This study forecasts revenue at global, regional, and country levels from 2018 to 2028. The Brainy Insights has segmented the global halal ingredients market on the basis of below mentioned segments:

Global Halal Ingredients Market by Ingredient Type:

  • Ingredients for Food & Beverages
    • Flavors
    • Hydrocolloids (Thickeners, Binders, Stabilizers)
    • Sweeteners
    • Emulsifiers
    • Enzymes
    • Preservatives
    • Others
  • Ingredients for Cosmetics
    • Specialty Additives
    • Active Ingredients
    • Others
  • Ingredients for Pharmaceuticals
    • Active Pharma Ingredients
    • Excipients

Global Halal Ingredients Market by Application:

  • Food & Beverages
  • Cosmetics
  • Pharmaceuticals

Global Halal Ingredients Market by Distribution Channel:

  • Online
  • Offline

Global Halal Ingredients Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa         
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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