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Halal nutraceuticals and vaccines market

Halal Nutraceuticals And Vaccines Market, by Product Type (Vaccines And Dietary Supplements), By Application (Sports Nutrition, General Well-Being, Immune & Digestive Health, Bone & Joint Health, Heart Health, Disease Prevention, Weight loss), by Distribution channel (Hospital Pharmacies, Retail Pharmacies, Online Sales and Super Markets) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

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  • May 2023
  • CMI3475
  • 170 Pages
  • Excel & Pdf
  • Pharmaceutical

The global halal nutraceuticals and vaccines market is estimated to be valued at US$ 64.48 billion in 2023 and is expected to exhibit a CAGR of 7.35% during the forecast period (2023-2030).

Analysts’ Views on Global Halal Nutraceuticals And Vaccines Market Analysis:

Halal nutraceuticals are produced from food sources that provide high nutritional value and health benefits. They can be classified into dietary supplements and processed foods. Halal vaccines are non-toxic and are processed separately to avoid cross contamination. The Middle East & Africa and Asia Pacific excluding Japan (APEJ) regions are driving this growth  Because of supporting government regulations, a growing Muslim population, and investments in halal product production.its vice versa everything depend on the population to market growth. However, market expansion may be hampered by high production costs, lack of acceptance, and substitute products, particularly in Europe. Vendor assessment plays a vital role in meeting market demand, and hospitals and retail pharmacies are expected to be key demand drivers.

Figure 1. Global Halal Nutraceuticals And Vaccines Market  Share (%), by Product Type, 2023

Global Halal Nutraceuticals And Vaccines Market  – Driver

Growing demand for halal nutraceuticals & vaccines among Muslim population

Growing demand for halal nutraceuticals & vaccines among Muslim population is expected to boost growth of the global Halal Nutraceuticals And Vaccines Market over the forecast period. For instance, according to the 2022/21 State of the Global Islamic Economy report, Muslims spent US$ 3.6 trillion in 2022 across the food, pharmaceutical and lifestyle sectors that are impacted by Islamic faith-inspired ethical consumption needs.

Figure 2. Global Halal Nutraceuticals And Vaccines Market Value (US$ Billion), by Region, 2023

Global Halal Nutraceuticals And Vaccines Market- Regional Analysis

Among regions, Asia Pacific is estimated to hold a dominant position in the global halal neutraceuticals and vaccines market over the forecast period. Asia Pacific is estimated to hold 51.1% of the market share, owing to increasing inorganic strategies by market players such as partnerships for halal nutraceuticals and vaccines. For instance, in July 2022, Pharmaniaga Berhad, a leading pharmaceutical company, entered into a Memorandum of Collaboration (MoC) with China's Suzhou Ronnsi Pharma Co., Ltd., a leading pharmaceutical company in China, to commercialize Halal ovine (sheep and goat) anti-coagulant (blood clot thinner) in Malaysia. This partnership will be a catalyst for Pharmaniaga and Ronnsi to trade routes of its pharmaceutical products, research & development (R&D), and subsequently to perform fill and finish manufacturing of ovine anti-coagulant at Pharmaniaga's high-tech EU-certified plant, Pharmaniaga LifeScience Sdn Bhd (Sendirian Berhad).

Global Halal Nutraceuticals And Vaccines Market –Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe, and the World Health Organization declared it a public health emergency on January 30, 2020.

COVID-19 affected the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, the U.A.E., Egypt, and others are facing problems with the transportation of drugs from one place to another.

The halal industry  to examine the most recent image of the market and trends concerning the influence of Covid-19 on each halal sector to identify difficulties and discover strategies to overcome them. As for regulators, it is to mitigate the impact of COVID-19, the government can mandate relevant ministries to develop the sharia sector in their respective fields, for example, the development of halal finance through the OJK and Bank Indonesia, or restructuring policies in Islamic banking, and government is also supportive implementation in the halal economy.

However, the COVID-19 pandemic peoples are now taking more care about their health so its have positive impact on the Halal market (with all its Halal aspects) is one of the fastest-growing global markets, with a very large size that is expected to grow. For example, the halal nutraceuticals and vaccines market (which is a main portion of the worldwide Halal market) is predicted to develop to be worth over US$ 2.5 trillion by 2030.

Halal Nutraceuticals And Vaccines Market Report Coverage

Report Coverage Details
Base Year: 2022 Market Size in 2023: US$ 64.48 Bn
Historical Data for: 2017 to 2021 Forecast Period: 2023 to 2030
Forecast Period 2023 to 2030 CAGR: 7.35% 2030 Value Projection: US$ 105.95 Bn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Product Type: Vaccines, Dietary Supplements
  • By Application: Sports Nutrition, General Well-Being, Immune & Digestive Health, Bone & Joint Health, Heart Health, Disease Prevention, Weight loss
  • By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Sales, Super Markets
Companies covered:

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 .
Growth Drivers:
  • Growing demand for halal nutraceuticals & vaccines among the Muslim population.
Restraints & Challenges:
  • Increasing launches of campaigns against halal products

Global Halal Nutraceuticals And Vaccines Market Segmentation:

The global halal nutraceuticals and vaccines market report is segmented into by product type, by distribution, by application, and region.

By Product Type, the market is segmented into vaccines and dietary supplements. Out of which, the Dietary supplements segment is expected to hold a dominant position in the global halal nutraceuticals and vaccines market during the forecast period and this is attributed due to increasing awareness among the population of the global market for halal nutraceuticals and vaccines.

By Application, the market is segmented into Sports Nutrition, General Well-Being, Immune & Digestive Health, Bone & Joint Health, Heart Health, Disease Prevention, and Weight loss. Out of which, the General Well-Being segment is expected to hold a dominant position in the global halal nutraceuticals and vaccines market during the forecast period due to Halal dietary supplements are gaining popularity among the general population as their ability to promote lean body mass, improve stamina, and reduce inflammation.some of the dilatory suppliments are also useful by muslim womens.

By Distribution Channel, the market is segmented into hospital pharmacies, retail pharmacies, online sales, and supermarkets. Out of which, the hospital pharmacies segment is expected to hold a dominant position in the vaccines market during the forecast period and this is attributed due to increasing awareness among the population of the global market for halal vaccines. For instance, in April 2021, Prime Healthcare is the health system in the U.S. operating 45 hospitals in 14 states, more than 300 outpatient. UAE’s Prime Healthcare wants to make a breakthrough into halal pharmaceuticals Prime signs up with Malaysia’s Pharmaniaga to sell halal-labelled medicines in UAE.

Global Halal Nutraceuticals And Vaccines Market Cross Sectional Analysis:

The Middle East & Africa and APEJ regions are expected to drive development in the halal nutraceuticals and vaccines market from 2022 to 2032, owing to increasing delivery of halal nutraceuticals. For instance, in October 2020 Ashland concluded is a premier specialty materials company with a conscious and proactive mindset for sustainability. its licencing agreement with Clasado BioSciences to add Bimuno prebiotics to its health and wellbeing portfolio.

Global Halal nutraceuticals and vaccines Market: Key Developments

For instance, in September 2019, Herbalife Nutrition, is a global multi-level marketing corporation that develops and sells dietary supplements partnered with Tencent, a China-based internet and technology company, to help independent distributors more effectively sell products online. People directly buy on online basis its usefull for the growth of halal market.

Global Halal nutraceuticals and vaccines Market: Key Trends

Significant industry participants are extending their product portfolios by releasing new items, and significant growth tactics include mergers and acquisitions, partnerships, new product innovation, and regional expansion. For instance, in March 2022, The National Halal Certification Committee (NHCC) of Ghana had issued Halal Compliance Certificate to NEWREST Ghana Limited, a company that provides inflight catering services to international and domestic airlines in Ghana and abroad. The issuance of the Halal Compliance Certificate to NEWREST Ghana Limited means that NEWREST Ghana produces food and beverages that conform to the Islamically accepted standards and food safety protocols that must be adhered to before consumption.

Global Halal nutraceuticals and vaccines Market: Restraint

Increased campaign announcements against halal products are likely to serve as a restraining factor for the global halal nutraceuticals and vaccines market. For instance, in October 2022, Hindu organizations in Karnataka launched a campaign urging people to boycott halal-certified products during the festive season of Diwali, leaving the authorities concerned. But now a days government is taking initiative to use the halal neutraceuticals and vaccines.

Global Halal nutraceuticals and vaccines Market - Key Players

Some of the Market players in the Global Halal Nutraceuticals And Vaccines Market include 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.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Distribution Channel
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Recent Product Launches
    • Epidemiology
    • Merger, Acquisition, and Collaboration
    • Regulatory Scenario
    • Key Developments
    • PEST Analysis
  4. Global Halal Nutraceuticals and Vaccines Market- Impact of Coronavirus (Covid-19) Pandemic
    • Economic Impact
    • COVID-19 Epidemiology
    • Impact on Supply and Demand
  5. Global Halal Nutraceuticals and Vaccines Market, By Product Type, 2017 – 2030 (US$ Bn)
    • Introduction
      • Market Share Analysis, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, 2017–2030
      • Segment Trends
    • Vaccines
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Bn)
      • Segment Trends
    • Dietary Supplements
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Bn)
      • Segment Trends
  6. Global Halal Nutraceuticals and Vaccines Market, By Application, 2017 – 2030 (US$ Bn)
    • Introduction
      • Market Share Analysis, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, 2017–2030
      • Segment Trends
    • Sports Nutrition
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Bn)
    • General Well-Being
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Bn)
    • Immune and Digestive Health
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Bn)
    • Bone and Joint Health
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Bn)
    • Heart Health
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Bn)
    • Disease Prevention
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Bn)
    • Weight loss
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Bn)
  7. Global Halal Nutraceuticals and Vaccines Market, By Distribution Channel, 2017 – 2030 (US$ Bn)
    • Introduction
      • Market Share Analysis, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, 2017–2030
      • Segment Trends
    • Hospital Pharmacies
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Bn)
    • Retail Pharmacies
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Bn)
    • Online Sales
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Bn)
    • Super Markets
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2030, (US$ Bn)
  8. Global Halal Nutraceuticals and Vaccines Market, By Regions, 2017 – 2030 (US$ Bn)
    • Introduction
      • Market Share Analysis, 2023 and 2030 (%)
      • Y- Y-o-Y Growth Analysis, 2017–2030
      • Segment Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 - 2030, (US$ Billion)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 - 2030, (US$ Billion)
      • Market Size and Forecast, and Y-o-Y Growth, By Distribution Chanel, 2017 – 2030, (US$ Billion)
      • Market Size and Forecast, and Y-o-Y Growth, By Region 2017 – 2030, (US$ Bn)
        • U.S.
        • Canada
      • Europe
        • Introduction
        • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 - 2030, (US$ Billion)
        • Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 - 2030, (US$ Billion)
        • Market Size and Forecast, and Y-o-Y Growth, By Distribution Chanel, 2017 – 2030, (US$ Billion)
        • Market Size and Forecast, and Y-o-Y Growth, By Region 2017 – 2030, (US$ Bn)
          • U.K.
          • Germany
          • Italy
          • France
          • Spain
          • Russia
          • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 - 2030, (US$ Billion)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 - 2030, (US$ Billion)
      • Market Size and Forecast, and Y-o-Y Growth, By Distribution Chanel, 2017 – 2030, (US$ Billion)
      • Market Size and Forecast, and Y-o-Y Growth, By Region 2017 – 2030, (US$ Bn)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product type, 2023 - 2030, (US$ Billion)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 - 2030, (US$ Billion)
      • Market Size and Forecast, and Y-o-Y Growth, By Distribution Chanel, 2017 – 2030, (US$ Billion)
      • Market Size and Forecast, and Y-o-Y Growth, By Region 2017 – 2030, (US$ Bn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 - 2030, (US$ Billion)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 - 2030, (US$ Billion)
      • Market Size and Forecast, and Y-o-Y Growth, By Distribution Chanel, 2017 – 2030, (US$ Billion)
      • Market Size and Forecast, and Y-o-Y Growth, By Region 2017 – 2030, (US$ Bn)
        • GCC
        • Israel
        • Rest of the Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 - 2030, (US$ Billion)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 - 2030, (US$ Billion)
      • Market Size and Forecast, and Y-o-Y Growth, By Distribution Chanel, 2017 – 2030, (US$ Billion)
      • Market Size and Forecast, and Y-o-Y Growth, By Region/Country 2017 – 2030, (US$ Bn)
        • North Africa
        • Central Africa
        • South Africa
  9. Competitive Landscape
    • Company Profiles
      • Chemical Company of Malaysia Berhad
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Abbott Laboratories
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Nestlé
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Amway
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Herbalife International of America, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • AJ Biologics Sdn Bhd
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Agropur, Inc. (Davisco Business Unit)
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • PT Kalbe Farma Tbk
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Kotra Pharma (M) Sdn Bhd
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • NoorVitamins
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Halagel
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Koninklijke DSM N.V.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Koninklijke DSM N.V.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Purecircle Limited
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • cargil
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Ashland
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Barentz B.V.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Symrise
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Kerry
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • PT Kalbe
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 34 market data tables and 25 figures on “ Global Halal Nutraceuticals and Vaccines Market” - Global forecast to 2030

Detailed Segmentation:

  • Global Halal Nutraceuticals And Vaccines Market, By Product Type:
    • Vaccines
    • Dietary Supplements
  • Global Halal Nutraceuticals And Vaccines Market, By Application:
    • Sports Nutrition
    • General Well-Being
    • Immune & Digestive Health
    • Bone & Joint Health
    • Heart Health
    • Disease Prevention
    • Weight loss
  • Global Halal Nutraceuticals And Vaccines Market, By Distribution Channel:
    • Hospital Pharmacies
    • Retail Pharmacies
    • Online Sales
    • Super Markets
  • Global Halal Nutraceuticals And Vaccines Market, By Region:
    • North America
      • By Product Type
        • Vaccines
        • Dietary Supplements
      • By Application
        • Sports Nutrition
        • General Well-Being
        • Immune & Digestive Health
        • Bone & Joint Health
        • Heart Health
        • Disease Prevention
        • Weight loss
      • By Distribution Channel
        • Hospital Pharmacies
        • Retail Pharmacies
        • Online Sales
        • Super Markets
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Product Type
        • Vaccines
        • Dietary Supplements
      • By Application
        • Sports Nutrition
        • General Well-Being
        • Immune & Digestive Health
        • Bone & Joint Health
        • Heart Health
        • Disease Prevention
        • Weight loss
      • By Distribution Channel
        • Hospital Pharmacies
        • Retail Pharmacies
        • Online Sales
        • Super Markets
      • By Country:
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type
        • Vaccines
        • Dietary Supplements
      • By Application
        • Sports Nutrition
        • General Well-Being
        • Immune & Digestive Health
        • Bone & Joint Health
        • Heart Health
        • Disease Prevention
        • Weight loss
      • By Distribution Channel
        • Hospital Pharmacies
        • Retail Pharmacies
        • Online Sales
        • Super Markets
      • By Country:
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • By Product Type
        • Vaccines
        • Dietary Supplements
      • By Application
        • Sports Nutrition
        • General Well-Being
        • Immune & Digestive Health
        • Bone & Joint Health
        • Heart Health
        • Disease Prevention
        • Weight loss
      • By Distribution Channel
        • Hospital Pharmacies
        • Retail Pharmacies
        • Online Sales
        • Super Markets
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East:
      • By Product Type
        • Vaccines
        • Dietary Supplements
      • By Application
        • Sports Nutrition
        • General Well-Being
        • Immune & Digestive Health
        • Bone & Joint Health
        • Heart Health
        • Disease Prevention
        • Weight loss
      • By Distribution Channel
        • Hospital Pharmacies
        • Retail Pharmacies
        • Online Sales
        • Super Markets
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type
        • Vaccines
        • Dietary Supplements
      • By Application
        • Sports Nutrition
        • General Well-Being
        • Immune & Digestive Health
        • Bone & Joint Health
        • Heart Health
        • Disease Prevention
        • Weight loss
      • By Distribution Channel
        • Hospital Pharmacies
        • Retail Pharmacies
        • Online Sales
        • Super Markets
      • By Country/Region:
        • Central Africa
        • South Africa
        • North Africa
- Frequently Asked Questions -

What is the current market size and compound annual growth rate (CAGR) of the global halal nutraceuticals and vaccines market during the forecast period (2023-2030)?

The global halal neutraceuticals and vaccines market is estimated to be valued at US$ 64.48 billion in 2023 and is expected to exhibit a CAGR of 7.35% between 2023 and 2030.

What are the major factors driving the market growth?

Growing demand for halal nutraceuticals & vaccines among the Muslim population is expected to boost the growth of the market over the forecast period.

Which is the leading Product Type segment in the market?

Dietary supplements is the leading segment in the Market.

What are the key factors hampering the growth of the market?

 Increasing launches of campaign against halal productsis expected to hinder the market over the forecast period.

Which are the major players operating in the market?

Some of the key players in the Market include Chemical Company of Malaysia Berhad, Malaysia’s Pharmaniaga, 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
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