Global Trends Overview: The Rapid Evolution of the Halal Ingredients Market

The halal ingredients market is gaining increasing attention as consumers and industries place more value on certified, trustworthy products. Driven by evolving preferences and stricter compliance requirements, this sector is set to witness significant growth through 2030. Here is an in-depth look at the market size, key players, emerging trends, and segmentation shaping the future of halal ingredients.

Projected Market Growth Trajectory of the Halal Ingredients Market
The halal ingredients market is anticipated to expand steadily over the coming years, reaching a valuation of $430.18 billion by 2030. This growth is expected at a compound annual growth rate (CAGR) of 4.2%. The expansion is propelled by multiple factors including an increasing demand for halal personal care products, growing investments aimed at strengthening halal certification infrastructure, and a notable rise in halal exports targeting non-Muslim consumer markets. Additionally, there is heightened attention on clean-label ingredients and digitalization efforts enhancing halal traceability systems. Key trends forecasted within this period include the rising need for halal-certified ingredients, wider adoption of halal pharmaceutical and cosmetic products, enhanced halal food processing capabilities, and a stronger emphasis on ingredient traceability and global halal compliance.

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Leading Market Players Dominating the Halal Ingredients Industry
Several influential companies are spearheading the halal ingredients market, making significant contributions to its growth and innovation. Prominent firms in this arena include Cargill Incorporated, The Archer-Daniels-Midland Company, Kerry Group Plc, Koninklijke DSM N.V., Ingredion Incorporated, DuPont de Nemours Inc., Givaudan SA, Symrise AG, BASF SE, Evonik Industries AG, Tate & Lyle Plc, Corbion N.V., Ashland Global Holdings Inc., International Flavors & Fragrances Inc., Novozymes A/S, Roquette Frères, Gelita AG, Wilmar International Limited, Chr. Hansen Holding A/S, and Associated British Foods plc.

Strategic Acquisitions Reinforcing Market Positions
In a strategic move to broaden its product range and strengthen its foothold in the health-conscious segment, GoodLife Foods, a food company based in the Netherlands, acquired New Zealand's Pure Ingredients in July 2024. Although the purchase price was not disclosed, the acquisition is aimed at integrating innovative ingredients and expanding plant-based options within GoodLife's portfolio. Pure Ingredients is known for producing halal frozen products, complementing GoodLife's mission to meet rising consumer demand for halal-certified health-oriented foods.

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Innovations Boosting Halal Ingredients Market Growth
Halal ingredients companies are innovating by developing solutions that cater to the modern consumer's preference for healthier, natural, and sustainable products. Among these innovations are low- and zero-sugar taste solutions designed to mimic the sweetness and texture of traditional sugar while reducing calories and minimizing undesirable flavors. For example, in June 2023, Kerry Group plc from Ireland introduced Tastesense Advanced, a novel taste solution compatible with halal, kosher, vegan, and non-GMO standards. This product blends plant-derived components to deliver sugar-like sweetness exceeding 3° Brix sucrose equivalence, improving flavor and mouthfeel while noticeably cutting off-notes. Beyond taste benefits, Tastesense Advanced promotes sustainability by lowering carbon emissions by 30% and water usa*ge by 45%. It offers food manufacturers a flexible, consumer-friendly alternative to conventional sugar and stevia-based products, applicable across various low- and no-sugar foods and beverages.

Market Segmentation Overview for Halal Ingredients
The halal ingredients market is organized into several key segments based on type, distribution channel, and application. The primary segmentation includes:
1) By Type: Ingredients tailored for the Food and Beverage industry, the Pharmaceutical industry, and the Cosmetics industry.
2) By Distribution Channel: Divided into online and offline sales avenues.
3) By Application: Further categorized into Food and Beverages, Pharmaceuticals, and Cosmetics.

Detailed subcategories include:
- For Food and Beverage Ingredients: Halal-certified food additives, flavors and colorings, emulsifiers, and stabilizers.
- For Pharmaceutical Ingredients: Gelatin alternatives, halal excipients, and active pharmaceutical ingredients (APIs).
- For Cosmetics Ingredients: Halal-certified oils and waxes, plant-based extracts, and alcohol-free preservatives.

This comprehensive segmentation allows stakeholders to better understand the diverse applications and targeted markets within the halal ingredients industry, supporting strategic growth and innovation initiatives.

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This release was published on openPR.