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Global Halal Ingredients Market 2023: Growth Insights, Business Opportunities, Industry Share And Key Players Analysis Till 2032 | Barentz B.V., Symrise AG, Ashland Global Specialty Chemicals Inc., Purecircle Ltd., Halagel (M) Sdn.
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Halal Ingredients Market Size, Growth Rate, And Forecast:
The global halal ingredients market size is expected to grow from $320.81 billion in 2022 to $332.62 billion in 2023 at a compound annual growth rate (CAGR) of 3.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global halal ingredients market size is expected to reach $379.06 billion in 2027 at a CAGR of 3.3%
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Halal Ingredients Market Drivers:
The rise in demand for halal processed food and beverages is expected to propel the growth of the halal ingredients market going forward. The food and beverage industry is a group of companies involved in transforming raw agricultural goods into consumer food products, ranging from packaging to preparing, transporting, and serving food or beverages. The use of halal ingredients in the food and beverages industry ensures health benefits, cleanliness, purity, and safety guaranteeing superior quality products, resulting in a rise in demand for halal ingredients.
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Halal Ingredients Market Segments:
By Type: Ingredients For Food And Beverage Industry, Ingredients For Pharmaceutical Industry, Ingredients For Cosmetics Industry
By Distribution Channel: Online, Offline
By Application: Food And beverages, Pharmaceuticals, Cosmetics
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Middle East was the largest region in the Halal Ingredients Market.
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Halal Ingredients Market Key Players:
Major competitors in the halal ingredients market include Barentz B.V., Symrise AG, Ashland Global Specialty Chemicals Inc., Purecircle Ltd., Halagel (M) Sdn. Bhd., ADM Barentz B.V., Kerry Group Plc.
The Business Research Company's "Global Halal Ingredients Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Halal Ingredients Market Include:
1. Executive Summary
2. Halal Ingredients Market Characteristics
3. Halal Ingredients Market Trends And Strategies
4. Halal Ingredients Market - Macro Economic Scenario
5. Halal Ingredients Market Size And Growth
……
26. Africa Halal Ingredients Market
27. Halal Ingredients Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Halal Ingredients Market
29. Halal Ingredients Market Future Outlook and Potential Analysis
30. Appendix
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