Secunderabad Chronicle

Halal Ingredients Market Will Hit Big Revenues In Future | Key Players are – Koninklijke DSM N.V., ADM, DowDupont, Kerry, Solvay S.A., Barentz B.V., Cargill, BASF

 Breaking News
  • No posts were found

Halal Ingredients Market Will Hit Big Revenues In Future | Key Players are – Koninklijke DSM N.V., ADM, DowDupont, Kerry, Solvay S.A., Barentz B.V., Cargill, BASF

March 23
12:45 2020
 Halal Ingredients Market Will Hit Big Revenues In Future | Key Players are - Koninklijke DSM N.V., ADM, DowDupont, Kerry, Solvay S.A., Barentz B.V., Cargill, BASF

MarketsandMarkets™
The halal ingredients market is projected to grow at a CAGR of 6.0% from 2019, to reach USD 64.8 billion by 2025

The global halal ingredients market is estimated to be valued at USD 45.7 billion in 2019 and is projected to reach USD 64.8 billion by 2025, recording a CAGR of 6.0%. Consumption of food items is also increasing due to the surge in the Muslim population worldwide, which is projected to drive the growth of the halal ingredients market. Halal ingredients are also gaining traction in the healthcare and pharmaceutical industries due to the growing demand for dietary supplements and its health benefits. Consumers are witnessing an increasing demand for on-the-go, convenient, nutritionally enriched, and functional food & beverage products, due to their busy lifestyles. The growing trends of healthy snacking and increasing awareness about functional food & beverage products are also projected to drive the market for halal ingredients during the forecast period.

Halal Ingredients Market

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=141659494

The food and beverages segment is estimated to dominate the global halal ingredients market in 2019.

By application, the halal ingredients market was dominated by the food & beverages segment in 2018, in terms of value. The food companies are focusing on product innovations and providing halal products to cater to the growing demand among consumers. In addition, companies are focusing on gaining consumer trust with several marketing campaigns and coming up with a wide variety of halal food products for consumers, which is positively stimulating the growth of the market. The health benefits and cleanliness associated with halal-certified foods is also driving the halal ingredients market in the food industry. The growing standardization in the halal certification sector is projected to offer growth opportunities to the halal ingredients manufacturers in the food and beverage industry.

The flavor segment is estimated to account for a larger share in the halal ingredients market in 2019.

By type, the flavors segment is estimated to account for a larger share in the halal ingredients market in 2019. Flavors are intense preparations added to food products to stimulate or impart a particular taste, maintain the flavor after processing, modify an already existing flavor, and masking an undesirable flavor. The demand for flavors is attributed to the changing consumer preferences toward convenience foods and rising demand for consumer products. The increasing popularity of new and innovative flavors in convenience and ready-to-eat food products among the young generation is also driving the demand for halal-based flavors in the markets. Majority of the flavor companies are inclined toward obtaining halal certification due to the growing demand, which is projected to create profitable opportunities for manufacturers in the halal ingredients market.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=141659494

The Asia Pacific is estimated to dominate the halal ingredients market in 2019.

The Asia Pacific is estimated to account for the largest market share in the halal ingredients market in 2019. Rise in the Muslim population in the Asia Pacific countries and increasing consumption of convenience food in developing countries is projected to drive the halal ingredients market. The increasing awareness among consumers regarding halal cosmetics is attributed to the growth in this segment. The increasing disposable incomes, growing population, busy lifestyles, and shift in the focus toward highly convenient and instantly processed food are some of the key trends influencing the growth of the halal ingredients market in Asia Pacific.

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies in the halal ingredients market. Key players in the halal ingredients market include Koninklijke DSM N.V. (Netherlands), ADM (US), DowDupont (US), Kerry (Ireland), Solvay S.A. (Belgium), Barentz B.V. (Netherlands), Cargill (US), BASF (Germany), Symrise (Germany), Ashland (US), Purecircle Limited (Malaysia), and Halagel (Malaysia).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Sanjay Gupta
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/halal-ingredients-market-141659494.html