Global Halal Ingredients Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2025

WiseGuyReports has added new market study to its database, titled “2019 Global and Regional Halal Ingredients Market Research Report Forecast 2025”.

PUNE , MAHARASHTRA, INDIA, September 19, 2019 / — Report Description:

Halal refers to an Arabic term meaning lawful or permitted under Islamic law. Halal ingredients refer to the ingredients that are permissible according to Islamic laws. The basis of Islamic law is the belief that Muslims must eat foods and use goods like cosmetics that are wholesome and permissible.

Halal ingredients find wide application in a wide variety of food and beauty products like soaps, creams, and lipsticks. The growing demand for halal ingredients in the food, as well as cosmetic products, is expected to drive the market demand during the forecast period.

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Market Influencers and Obstacles

The increase in the Muslim population across the globe is a key market driver for the halal ingredients. The increase in the use of halal ingredients in cosmetic and beauty products also contributes to market growth. The increase in the consumption of food and beverages, growing awareness of the benefits of the halal ingredients, and an increase in demand for healthy and safe foods are other reasons responsible for the global market growth.

The high cost of production-related to halal ingredients is a key obstacle to the growth of the market. The lack of uniformity of the halal standards across different countries is another factor that limits the growth of the halal ingredients market.

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Regional Market Segmentation

Based on the region, the global halal ingredients market is segmented as production regions and consumption regions.

The production region of halal ingredients includes North America, Japan, China, and India.

The consumption regions of halal ingredients are Asia Pacific, North America, Europe, the Middle East and Africa, and Central and South America. The Middle East and Africa region and the Asia Pacific region account for the highest share in the global market owing to the growing population of Muslims in the region.

The important players of the global market are Cargil, DowDuPont, Symrise, Ashland, Barentz B.V., Koninklijke DSM N.V., ADM, Kerry, Purecircle Limited, BASF, and Solvay S.A.

Latest Industry Trends

The evolution of organic, natural and earthly halal ingredients is the latest trend of the industry. The growing eco-ethical consciousness among the consumers is driving market growth. The use of halal ingredients in the products that offer protection against blue light and virtual reality against painkillers are other significant trends in the industry.

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Source: EIN Presswire