Halal Pharmaceuticals Market to Witness Robust Expansion by 2023

New report published by Market Research Report Store (MRRS) which offers insights on the global Halal Pharmaceuticals market.

Halal pharmaceuticals are those medicines that stringently adhere to Shariah law. More specifically, halal pharmaceuticals refer to medicines that should not contain any parts of animals (dogs, pigs and ones particularly with pointed teeth), insects (bees), alcohol and other substances prohibited as 'haram' under the Shariah law.

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Global Halal Pharmaceuticals Market: Forecast by Type / Application / Region

In the last several years, global market of Halal Pharmaceuticals developed rapidly, with an average growth rate of 22.98%. In the next few years, Halal Pharmaceuticals industry will maintain increasing at a high growth rate. Investors are still optimistic about this area; the future will still have more new investment enter the field.

Southeast Asia and NAME is the main production places, with a revenue market share nearly 62% and 18% in 2016. Southeast Asia and NAME also is the main consumption region with market share 58% and 26% in 2016. The revenue is about 205.79 M USD the consumption need is around 36.7 B USD in 2016 and there is a huge gap in there.

The classification of Halal Pharmaceuticals includes Tablets, Syrups, Capsules and Other. The proportion of Tablets in 2016 is about 46%, and the proportion is in increasing trend from 2012 to 2016.

Over the next five years, LPI(LP Information) projects that Halal Pharmaceuticals will register a 14.5% CAGR in terms of revenue, reach US$ 540 million by 2023, from US$ 240 million in 2017.

Global Halal Pharmaceuticals Market: Key Players
CCM Pharmaceuticals
Pharmaniaga
Rosemont Pharmaceuticals
Simpor Pharma
Bosch Pharmaceuticals
NOOR VITAMINS

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Related Information:
United States Halal Pharmaceuticals Market Research Report 2018
Europe Halal Pharmaceuticals Market Research Report 2018
North America Halal Pharmaceuticals Market Research Report 2018
Asia-Pacific Halal Pharmaceuticals Market Research Report 2018
China Halal Pharmaceuticals Market Research Report 2018
EMEA Halal Pharmaceuticals Market Research Report 2018
Global Halal Pharmaceuticals Market Research Report 2018

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