Halal Products

Halal Products Market – Global Industry Insights, Trends, Outlook
and Opportunity Analysis, 2018-2026
The recent past has witnessed a rampant rise in demand for halal-certified products. This is
mainly attributed to rampant growth in demand from end-use industries such as meat,
beverages, and processed food. The halal products market is also diversifying from food
segment to healthcare, pharmaceutical, toiletries, and other personal care products.
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The growth of Muslim population is the major driving factor of this market. Moreover, the
rising development in the East and South East Asian countries has led to the increase in
purchasing power among the population, further, augmenting the growth of Halal products
market. The improvement in the supply chain in the retail sector is adding to the demand for
Halal food products thereby adding to the growth of the halal products. Further, multilateral
trade agreements and rise in consumption of halal products by other communities has
boosted the flow of halal products in the global market.. However, the major restraint of halal
products is the absence of standards of halal products globally and the companies operating
in this field are required to seek certification from each country separately.
Pharmaceuticals and Cosmetics are the new addition to the Halal Products market along
with health supplements. For instance, L’Oreal has obtained halal certification for its
ingredients to cater the demands. Moreover, the online platform has seen major growth due
to increased smart phone penetration in the emerging countries.
Halal Products Market outlook:
Asia pacific market is expected to show significant growth during the forecast period owing
to the rise in the Muslim population. Moreover, the growth of retail sector in countries like
India, China, Malaysia, and Indonesia are further increasing the growth of Halal products in
Asia pacific.
The halal products market in Europe has a steady growth owing to the less Muslim
population in the region. However, Halal product market is rising due to increase in number
of manufacturers in the region and non- Muslim consumers getting attracted due to the
products safety and hygiene.
The Middle East and Africa are expected to have substantial market growth in the forecast
year owing to the increase of Muslim population in the region. Moreover, the rise of
development in the countries and the disposable income has been a major driving factor for
the growth of Halal product market. In addition, the increasing number of the certified Halal
product producers has substantially augmented the demand in the area.
Key Players in the Global Halal Products Market
The major players are adopting various organic and inorganic growth strategies. For
instance, in 2014, Warees Halal, a division of MUIS’ subsidiary Warees Investments Pte Ltd,
has been given the task of helping companies to attain certification and carries out audits for
MUIS. The major players in the Halal product market include Nestle S.A., The Coca Cola
Company, Kellogg's Company, Krafts Food Group Inc., Unilever Plc, GlaxoSmithKline Plc,
and L'Oreal S.A.
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Halal Products Market report categorizes global market by product type, and distribution channel – Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2018-2026

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