The Global Halal Food Ingredients Market, valued at USD 58.4 billion in 2023, is expected to grow at a compound annual growth rate (CAGR) of 6.0% during the forecast period 2024-2032. Halal food ingredients are substances that comply with Islamic dietary laws, free from any prohibited elements like alcohol, blood, and pork. These ingredients find applications in various industries, including food & beverages, pharmaceuticals, and cosmetics, making them essential in the production of halal-certified products.
The rise in global target population and the growing demand for halal products across both Muslim-majority and non-Muslim-majority regions are significant factors driving the growth of the halal food ingredients market. Additionally, the perception of halal products as cleaner, safer, and healthier options is attracting a broader consumer base, including non-Muslims, thus expanding the market. The surge in e-commerce platforms has made halal-certified products more accessible worldwide, further boosting market growth. However, challenges such as inconsistent halal certification standards and lack of consumer awareness about halal certification hinder the market's full potential. As more companies invest in the development of halal-certified ingredients and formulations, the market is expected to continue growing, especially in regions like Asia-Pacific and the Middle East.
The Asia-Pacific region is the fastest-growing region in the global halal food ingredients market. This rapid growth is primarily driven by the significant Muslim population in countries such as Indonesia, Malaysia, India, and Pakistan, which creates a substantial demand for halal food products. Additionally, increasing awareness about halal food standards and a growing preference for certified halal ingredients among both Muslim and non-Muslim consumers are contributing to market expansion.
Economic growth in the region has also led to higher disposable incomes, enabling consumers to spend more on premium and certified food products. Governments and regulatory bodies in the Asia-Pacific region are actively promoting halal certification, ensuring that food products meet the necessary religious and quality standards. Furthermore, the region's robust food manufacturing and processing industries are increasingly focusing on halal certification to cater to domestic and international markets.
Major Market Players Included in this Report:
QL Foods
Midamar Corporation
Al Islami Foods
Merck
Dagang Halal Group
Cargill, Inc.
Tahira Foods Limited
Nestle S.A.
Prima Agri-Products
Saffron Road
Halagel (M) Sdn Bhd
Solvay S.A.
PureCircle Limited
DowDupont Inc.
Tate & Lyle PLC
The detailed segments and sub-segment of the market are explained below:
By Type:
Proteins
Gelatin & Collagen
Enzymes & Emulsifiers
Flavors & Colors
Other Ingredients
By Source:
Plant-based
Animal-based
Synthetic
By Application:
Food & Beverages
Bakery & Confectionery
Dairy & Frozen Desserts
Others
By Region:
North America
U.S.
Canada
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
South Africa
Saudi Arabia
Rest of Middle East and Africa
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of geographical landscape with Country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.
