Halal stands for lawful or permissible in the Arabic language. The recent past has witnessed a rampant rise in demand for halal-certified products. Halal nutraceuticals are products that are derived from halal food sources and contain nutritional value and provide health benefits. Nutraceuticals can be categorized into dietary supplements, functional foods, and processed foods. Foods and food products like dietary supplements are generally halal if they are free from anything specifically prohibited by Islamic law and if they are made, handled, manufactured, and stored using equipment that has been cleaned according to Islamic law.
Market Dynamics
The rising Muslim population, and investments in halal product manufacturing. Vendor assessment is important in this market, as hospitals and retail pharmacies are expected to be key demand drivers. Key players in the industry are expanding their product portfolios by launching new products. Their key growth strategies are mergers and acquisitions, collaborations, new product innovation, and geographical expansion. Despite the projected growth, potential limitations to market expansion include regulatory issues and cultural sensitivities. For instance, in 2020, Simpor Pharma Sdn Bhd, is contract manufacturer in compliance with the worldwide current GMP standard for pharmaceutical plant in Brunei, launched its initial range of halal health supplements at opening of the Third ASEAN Consumer Fair (ACF). Simpor Pharma said the plant was established by Viva Canada as a base for expanding its product range into Muslim countries.
Key features of the study:
- This report provides in-depth analysis of the global halal nutraceuticals & vaccines market and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023–2030), considering 2022, as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
- It profiles leading players in the global halal nutraceuticals & vaccines market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, strategies, and future plans
- Key companies covered as a part of this study include Chemical Company of Malaysia Berhad, Abbott Laboratories, Nestle, Amway, Herbalife International of America, AJ Biologics, Agropur, Halagel, Koninklijke DSM N.V., Purecircle Limited,cargil, Ashland, Barentz B.V. , Symrise , Kerry and PT Kalbe
- Insights from this report would allow marketers and the management authorities of companies to make informed decisions regarding future product launches, technology up-gradation, market expansion, and marketing tactics
- The global halal nutraceuticals & vaccines market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the market.
Detailed Segmentation:
- Global Halal Nutraceuticals & Vaccines Market, By Product Type:
- Vaccines
- Dietary Supplements
- Global Halal Nutraceuticals & Vaccines Market, By Application:
- Sports Nutrition
- General Well-Being
- Immune & Digestive Health
- Bone & Joint Health
- Heart Health
- Disease Prevention
- Weight loss
- Global Halal Nutraceuticals & Vaccines Market, By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Sales
- Super Markets
- Global Halal Nutraceuticals & Vaccines Market, By Region:
- North America
- Europe
- By Country:
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Country:
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East:
- By Country:
- GCC
- Israel
- Rest of Middle East
- Africa
- By Country/Region:
- Central Africa
- South Africa
- North Africa
- Company Profiles
- Chemical Company of Malaysia Berhad *
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Abbott Laboratories
- Nestlé
- Amway
- Herbalife International of America, Inc.
- AJ Biologics Sdn Bhd
- Agropur, Inc. (Davisco Business Unit)
- PT Kalbe Farma Tbk
- Kotra Pharma (M) Sdn Bhd
- NoorVitamins
- Halagel
- Koninklijke DSM N.V.
- Purecircle Limited
- cargil, Ashland
- Barentz B.V.
- Symrise
- Kerry
- PT Kalbe .
“*” marked represents similar segmentation in other categories in the respective section.
