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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