Data Bridge Market Research recently published a market study on the Halal Ingredients Market . The study provides detailed assessment on key market dynamics, including the drivers, trends, opportunities & restraints, and detailed information about the market structure. The Halal Ingredients Market study presents exclusive information about how the market will grow during the forecast period.
Global halal ingredients market is undergoing with a substantial CAGR of 6.50% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017
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Market Definition: Global Halal Ingredients Market
Halal ingredients are permissible to use as per the Islamic law, based on belief that Muslims should eat food and use goods such as cosmetics that are “”halalan toyibban””, which means permissible and wholesome. Halal ingredients are also used in variety of beauty products such as lipsticks, creams and soaps, as there is a large demand in cosmetic products that are made up of halal ingredients
Top Manufacturers Covered in the Report:
Few of the major competitors currently working in the global halal ingredients market are HALAGEL GROUP OF COMPANIES, BASF SE, Cargill, Incorporated, Solvay, Archer Daniels Midland Company, Koninklijke DSM N.V., Amara Cosmetics, Del Monte Philippines, Incorporated., Unilever Food Solutions, Tesco.com, and others, among others.
Regional analysis for Halal Ingredients Market includes:
- North America
- Latin America
- Asia Pacific & Japan
- The Middle East and Africa
Competitive Analysis: Global Halal Ingredients Market
Global halal ingredients market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of halal ingredients market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Developments in the Market:
- In January 2019, Croda International Plc announced its achievement of receiving Halal Certification for 15 biopolymer ingredients. Their Halal-compliant range consists of surfactants, emollients, fatty acids and alcohols, humectants, inorganic UV filters, lanolin and derivatives, rheology modifiers, gelling agents, specialty blends and bases, specialty cationic compounds, active ingredients as well as botanical extracts. This will help the company to expand their portfolio and will also meet the need and requirement of the customers.
- In July 2018, Solvay announced the launch of their new naturally-sourced ingredient called Rhovanil US NAT, which is halal certified. These innovative products cater to the consumer demand for natural products and it also meets US natural flavor regulations. This product is of high-quality natural and functional vanillin-based solutions. Such innovative launch in the market of Halal ingredients leads to its expansion the forecasting future.
Some of the key questions answered in this report:
- Detailed Overview of Halal Ingredients Market helps deliver clients and businesses making strategies.
- Influential factors that are thriving demand and constraints in the market.
- What is the market concentration? Is it fragmented or highly concentrated?
- What trends, challenges and barriers will impact the development and sizing of Halal Ingredients Market?
- SWOT Analysis of each key players mentioned along with its company profile with the help of Porter’s five forces tool mechanism to compliment the same.
- What growth momentum or acceleration market carries during the forecast period?
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