In 2022, the global for Halal Ingredients for Bakery Products Market reached a size of USD 55.29 billion, and it is projected to experience a compound annual growth rate (CAGR) of 6.2% throughout the forecast period. The increasing demand for halal-based cosmetics is a significant driver behind the growth in market revenue. Research indicates that by 2050, the global Muslim population is expected to exceed 2.6 billion, leading to a substantial increase in the consumption of halal-certified products and ingredients. The younger generation's growing interest in beauty has contributed to a rise in spending on halal cosmetics. Additionally, various prominent consumer organizations worldwide are developing halal face creams and shampoos specifically for the Indonesian market, aligning with updated halal certifications. This initiative aims to cater to the growing Muslim population in the region, as sales in many Western markets show signs of decline.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2414
Top Companies Operating in the Global Halal Ingredients for Bakery Products Market Report:
Tesco.com, ADM, Dow, Kerry Group plc., Solvay S.A., Barentz, Cargill Incorporated, BASF SE, Symrise, and Halagel (M) Sdn. Bhd
Key Trends of Halal Ingredients for Bakery Products Market
· Rising Muslim Population and Awareness: The global Muslim population was growing, and with it, the demand for halal-certified products was increasing. Consumers, both Muslim and non-Muslim, were becoming more conscious of the products they consume, leading to a higher demand for halal ingredients in various food and non-food products.
· Expanding Halal Certification: Halal certification was becoming more standardized and recognized globally. Regulatory bodies and industry associations were working to establish consistent standards for halal certification, making it easier for manufacturers to produce halal products that could be marketed to a wider audience.
· Diverse Product Offerings: The scope of halal products was expanding beyond traditional categories like food and beverages to include cosmetics, pharmaceuticals, personal care products, and more. This diversification was leading to a broader range of halal ingredients being developed and used in various industries.
The global Halal Ingredients for Bakery Products Market is segmented into:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
To read more about the report @ https://www.reportsanddata.com/report-detail/halal-ingredients-market
Further market segmentation
Ingredient Type Outlook (Revenue, USD Million; 2019-2032)
- Ingredient for F & B Industry
- Flavors
- Hydrocolloids
- Starches
- Sweeteners
- Acidulants
- Emulsifiers
- Enzymes
- Antioxidants
- Others
- Ingredient for Pharmaceutical Industry
- Active Pharma Ingredients
- Excipients
- Ingredient for Cosmetic Industry
- Specialty Additives
- Active Ingredients
- Others
Application Outlook (Revenue, USD Million; 2019-2032)
- Food & Beverage
- Convenience Food Products
- Bakery Products
- Beverage Products
- Meat & Poultry Products
- Confectionary Products
- Others
- Cosmetics
- Skin Care
- Hair Care
- Make-Up
- Fragrance
- Others
- Pharmaceuticals
Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/2414
Thank you for taking the time to read our article. The report can be tailored to the needs of the client. Please contact us for more details, and our team will tailor the report to your specific requirements.
Browse More Related Links
Active Adult Community Market:https://www.reportsanddata.com/report-detail/active-adult-community-market
Artisanal Ice Cream Market:https://www.reportsanddata.com/report-detail/artisanal-ice-cream-market
Oral Clinical Nutrition Supplements Market:https://www.reportsanddata.com/report-detail/oral-clinical-nutrition-supplements-market
Organic Pineapple Juice Market:https://www.reportsanddata.com/report-detail/organic-pineapple-juice-market
Organic Shampoo Market:https://www.reportsanddata.com/report-detail/organic-shampoo-market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
(Head of Business Development)
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
Blogs | Press Release | Industry News | Our competencies
Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports
Browse More Latest Reports @ https://www.reportsanddata.com/report
