Halal Pharmaceuticals Market Evaluation of Industry Trends, Growth Drivers and Forecast 2020-2025 | Duopharma Biotech Berhad, Chemical Company of Malaysia Berhad, Pharmaniaga Bhd, Simpor Pharma Sdn Bhd, EMBIL Pharmaceutical Co., Ltd.

Global Halal Pharmaceuticals market would thus note a steady growth over the forecast period of 2020 - 2025. The robust CAGR (Compound Annual Rate Growth) will chart an upward growth curve and create lucrative growth opportunities in the global Halal Pharmaceuticals market. In, turn, this will lead to improvement in market worth.

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Global Halal Pharmaceuticals Market: Notable Development
Global Halal Pharmaceuticals market is set to witness growth and a number of notable developments are paving the way for the same. The competitive landscape is also duly impacted by these developments. A deep dive can be had a published report by Adroit Market Research.

The global Halal Pharmaceuticals market is highly consolidated. And, key players in the global Halal Pharmaceuticals market are Duopharma Biotech Berhad, Chemical Company of Malaysia Berhad, Pharmaniaga Bhd, Simpor Pharma Sdn Bhd, EMBIL Pharmaceutical Co., Ltd., Nutramedica Incorporated, Halal Pharma International Ltd, Hovid Bhd, Bosch Pharmaceuticals (Pvt.) Ltd.

Global Halal Pharmaceuticals Market: Key trends and driver
Halal pharmaceuticals are medicinal products that are made of ingredients approved by Sharia or Islamic religious laws. These products are specifically manufactured by using machinery and equipment that are not contaminated by prohibited / non halal materials based on the Islamic law. Halal pharmaceuticals are not only harmonized with the Islamic law and Goods Manufacturing Practice (GMP). For ensuring the production process of pharmaceuticals to be Halal compliant, the manufacturing firm must fulfill the quality requirements and prevent cross contamination of halal approved ingredients, vessels, and equipment.

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Global Halal Pharmaceuticals Market: Regional Analysis
Asia-Pacific was the largest market for halal pharmaceuticals in 2018, with the revenue of USD 39.90 billion, followed by Europe. Growing awareness regarding availability of halal certified products coupled with increasing Muslim population is expected to open new avenues for halal pharmaceutical providers in the Asian countries over the coming years. In 2018, Muslim population in China was more than 20 million. Increasing Muslim population has created the need for halal certified products in this country. However, lack of standardization and certifications has resulted in less market in China. In order to resolve the problem Malaysia is helping China to produce halal products as per the standards.

Segment Overview of Global Halal pharmaceuticals Market
o Drug Class Overview:
o Respiratory drugs
o Cardiovascular drugs
o Endocrine drugs
o Pain medications
o Allergies (cough & cold)
o Others

o Product Overview:
o Tablets
o Syrups
o Capsules
o Others

o Source Material Overview:
o Plant and plant derivatives
o Animals (compliant under religious laws)
o Synthetic and semi-synthetic source
o Recombinant DNA (rDNA)

o Regional Overview:
o North America
? U.S.
? Rest of North America
o Europe
? Germany
? UK
? France
? Russia
? Turkey
? Rest of Europe
o Asia Pacific
? China
? Malaysia
? Japan
? Rest of Asia Pacific
o Central & South America
? Brazil
? Rest of Central & South America
o Middle East & Africa
? GCC
? Rest of Middle East & Africa

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