What Has Been the Growth of the Halal Ingredients Market So Far?
The halal ingredients market has seen considerable growth due to a variety of factors.
•The size of the halal ingredients market has seen a consistent increase over the last few years. It is predicted to increase from $344.52 billion in 2024 to $356.48 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 3.5%.
The growth witnessed during the historic period can be tied to several factors such as severe weather conditions, strict emission rules, infrastructure growth, customer emphasis on energy efficiency, changes in the price of crude oil, and the incorporation of renewable energy.
What Are the Future Growth Projections for the Halal Ingredients Market?
The halal ingredients market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated to witness a consistent expansion in the impending years, the halal ingredients market is projected to surge to "$413.08 billion in 2029, registering a compound annual growth rate (CAGR) of 3.8%.
This escalation during the forecast period can be associated with the escalating demand for biofuels, an intensified emphasis on minimizing carbon emissions, the adoption of smart heating mechanisms, governmental regulations concerning fuel quality, as well as the growth of residential construction. Noteworthy trends expected within the forecast period encompass emission curtailment technologies, anti-gelling and cold-flow enhancements, technological upgrades in additives formulations, the integration of artificial intelligence, and strategic alliances and collaborations.
What Factors Are Driving Growth In The Halal Ingredients Market?
The halal ingredients market's expansion is anticipated to be fueled by an increasing demand for halal processed food and drinks. This market pertains to the collective of companies that convert raw farm products into consumer food items, encompassing everything from packaging to the preparation, transportation, and service of food and drinks. Utilizing halal ingredients in these sectors ensures health benefits, hygiene, purity, and safety, promising superior quality products and leading to a surge in demand for halal ingredients. Take for example, a consumer insights survey carried out across the US by IFANCA, a non-profit organization specializing in halal certification and promotion, in September 2022. Of the 1,000 representative U.S. adults who participated, 44% felt that halal-certified food products were more humane, 42% thought they were fresher, and 41% perceived them as healthier compared to non-halal-certified food. This uptick in demand for halal processed food and beverages is thus steering the growth of the halal ingredients market.
What Are The Main Segments Of The Global Halal Ingredients Market?
The halal ingredients market covered in this report 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
Subsegments:
1) By Ingredients for the Food And Beverage Industry: Halal-certified Food Additives, Flavors And colorings, Emulsifiers And Stabilizers
2) By Ingredients For The Pharmaceutical Industry: Gelatin alternatives, Halal Excipients, Active Pharmaceutical Ingredients (APIs)
3) By Ingredients For The Cosmetics Industry: Halal-Certified Oils And Waxes, Plant-Based Extracts, Alcohol-Free Preservatives
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What Emerging Trends Are Influencing The Growth Of The Halal Ingredients Market?
In the halal ingredients market, product evolution is a rising trend. Major players in this market are concentrating on creating innovative solutions to maintain their market standing. KTC Edibles Ltd., a UK company that manufactures and distributes cooking oils, launched the first-ever Halal certified Beef Dripping in the UK in July 2022. The product, perfect for any type of frying or roasting, is an excellent option for Fish and Chip outlets aiming to broaden their market reach and cater to the halal customer base.
Who Are the Key Players in the Halal Ingredients Market?
Major companies operating in the halal ingredients market include:
• Barentz B.V.
• Symrise AG
• Purecircle Ltd.
• Halagel (M) Sdn. Bhd.
• ADM Barentz B.V.
• Kerry Group Plc.
• Koninklijke DSM N.V.
• Cargill Incorporated
• The Archer-Daniels-Midland Company
• DuPont de Nemours Inc.
• Tesco PLC
• Burger King Corporation
• Ingredion Incorporated
• Givaudan SA
• Kingherbs Limited
• Del Monte Phil's. Inc.
• Nestle S.A.
• Unilever plc
• BRF S.A.
• Ferrero International SA
• Midamar Corporation
• Crescent Foods Inc.
• Halal Ingredients Company
• American Halal Company Inc.
• American Foods Group LLC
• Al Islami Foods
• Prima Quality Food Industries Sdn Bhd
• AB Mauri Malaysia Sdn Bhd
What Is The Most Dominant Region In The Halal Ingredients Market?
Middle East was the largest region in the halal ingredients market in 2024. The Middle East is expected to be the fastest-growing region in the global halal ingredients market during the forecast period. The regions covered in the halal ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
