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Halal Products Market

Halal Products Market report categorizes global market by product type, and distribution channel – Global Industry Insights, Trends, Outlook and Opportunity Analysis, 2017-2025
Halal Products Market Segmented by Global Industry
Insights, Trends, Outlook and Opportunity Analysis Till
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.
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.
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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