The first halal standard in the world launched as MS1500:2000 was revised in 2004. Looking forward, IMARC Group expects the market to reach US$ Home / Food & Beverages / Halal Food Market Report. On the geographical front, Asia Pacific is the leading market for halal food, accounting for the majority of the total market share. The halal food market is estimated to reach sales nearly USD 1.2 Tn by 2022. You will receive an email from our Business Development Manager. The global halal food market size reached US$ The experts agreed that, the "Halal" finance market, has strong potential but still faces many challenges that need to be addressed in the UK including: The size of the Muslim population is relatively small. Based on the distribution channel, the global halal food market can be divided into traditional retailers, supermarkets & hypermarkets, online, and others. The market size is estimated to reach US$ 38,217 Mn in 2022 and is projected to surpass a valuation of US$ 114,524 Mn by 2032.. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. The global halal food and beverage market size was valued at USD 774930 billion in 2021 and is expected to witness a compound annual growth rate (CAGR) of 3.6% Halal is regarded healthier because the heart continues to pulse for a few seconds after slaughter, blood is drained from the animal's arteries, ejecting most poisons. Sources: Euromonitor & Bolst Global Partners. In Islamic vocabulary, haram means "forbidden by Allah". All consumer goods and services that enter and are exchanged must be halal-certified under this law. The global halal food market value will be around USD 3.0 Tn in 2032. Find your sweet spots for generating winning opportunities in this market. Muslim consumers are driving a rapid digital shift by demanding healthful, flavorful, and convenient meals that can be delivered. As Islam is the fastest-growing religion in the world, the world's interest in halal consumption continues to grow as well . Halal cosmetics are products that follow religious rites, observe sharia law, and do not contain ingredients derived from pig, blood, alcohol, reptiles, and insects, among others. Some of the major players in the global halal food market include QL Foods Sdn Bhd, Al Islami Foods Co., DagangHalal Group, Saffron Road, Kawan Foods Berhad, Janan Meat Ltd, Prima Agri-Products Sdn Bhd, Cargill, Inc., BRF S.A., Nestle S.A., Tahira Foods Ltd., and Al-Falah Halal Foods Ltd. ( US: +1-631-791-1145 ) Over the past two years, this emerging niche market has witnessed sudden developments and is estimated to reach 174.59 billion USD by 2025. The halal sector has become one of the fastest growing food categories. We use cookies to optimise our website and our service. Yet, we do not find any significant Muslim brands effectively catering to their Halal needs. Halal Food Market - Global Trends, Insights to 2028 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging with . 5. 2021 IMARC Services Private Limited. 10.8% during 2023-2028. Bellamy's is a functional nutrition organic baby formula created in Australia with all organic ingredients and only certified organic cow's milk. What is the expected growth rate of the global halal food market during 2023-2028? The advent of the Islamic Republic of Iran in 1979 was a major step in the shift from Islamic compatibility to halal certification. Tenants in the parks seek enhanced environmental, economic, and social performance through collaboration in managing Halal products and resources issues. The global halal food market was valued at US$ According to Mohamed Elkafrawy, CEO of the World Halal Authority, there are about 500 halal-certified small-to-large food manufacturers in Italy. Muslim-majority countries have adopted a regulated framework that guides the halal certification process for pharmaceutical products. It was completed in 2009 and hailed as the 'mother of all halal standards'. The halal industry has also infused its way into the apparel sector. . According to the research, Global Halal Food Market will reach to US$ 1,729.80 Million by 2027. Muslims constitute 1.6 billion people or 23% of the World's population. How halal relates to other market trends. Halal claimed product launches increased globally by 19% from 2018 to 2020, from 16,936 products to 20,482. Global Halal Food Market segmented into Meat & Alternatives, Milk & Milk Products, Grain. Billion Muslim Consumers by the year 2050. Historical Market Size Value (US$ Mn) & Volume (MT) Trend Analysis By Market Taxonomy, 2017-2021, 9.2. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. At present, supermarkets and hypermarkets represents the largest segment, dominating the market. Top Trends: The Top 10 APAC trends stories of 2019 revealed, Opinion: 16 trends to take note of when it comes to halal, Pakistan: Exporters urged to tap global halal market. Market Size Value (US$ Mn) & Volume (MT) Forecast By Market Taxonomy, 2022-2032, 10. Each country around the world has its own Muslim community, thus opening up many routes to market and opportunities for halal products. What are the key factors driving the global halal food market? Why is Halal Meat Market booming all over the world? With ICHS you only partake a single audit and it gives you wide recognition and international coverage. It is therefore clear that the Halal international market is booming globally, and by 2023 consumers will spend about 3 trillions dollars. Looking forward, IMARC Group expects the market to reach US$ 4,177.3 Billion by 2028, exhibiting a growth rate (CAGR) of 10.8% during 2023-2028. Absolute $ Opportunity Analysis By Nature, 2022-2032, 6. They are the first target when it comes to marketing halal products. Who are the key players operating in the market? +962 6 4024 999; jordan@halaloffice.com; Saturday- Thurday: 9:00 - 18:30; Linkedin Whatsapp Youtube Facebook-f Twitter Instagram. Nearly 80 per cent of our guests are non-Muslims who stayed with us once to test our services and found no difference in standards compared to other hotels, he said. These rules do not involve pork meat because it is considered haram (prohibited). Experts say that halal food is the fastest growing food sectors in the world. Historical Market Size Value (US$ Mn) & Volume (MT) Trend Analysis By Market Taxonomy, 2017-2021, 10.2. The halal marketplace is emerging as Untilone of the most profitable and influential market arenas in the world food business today. Profitability by Market Segments (Nature/Product Type/Application/Region), 18.1.10.3. Top 5 Tips For Doing Buisness With The UAE, Why Is Your Commercial Invoice So Important, How Much Does It Cost To Export Food & Drink Products Overseas, How do retailers find new products in the current situation, Why should I work with overseas business partners, What are the benefits of sourcing products overseas. Profitability by Market Segments (Nature/Product Type/Application/Region), 18.1.11.3. The rest of the population is still slightly resilient towards halal food but is slowly embracing the possibilities. The demand has been growing over the years and as a result, Malaysia launched the worlds first standard for halal pharmaceuticals in early 2011 named theMalaysian Standard MS 2424:2010 (P): Halal Pharmaceuticals: General Guidelines. If you're into the lifestyle market, you don't want to miss the Halal Expo Canada. What are the key regions in the global halal food market? Even the term "Halal" has gone beyond religion. it was followed by the halal food sector, which accounted for 31.46 percent of the total. An annual growth rate of four to six per cent is forecasted. From the 1960s onwards, as immigrant Muslim populations began to settle in the West, especially in France, demand for halal meat increased. To better grasp the importance of the halal market and its opportunities, first you need to fully understand what halal means. If you are looking for a specific region to target, then SouthEast Asia might be worth looking into. In 2020, there were more than 1.5 billion Muslims in the world, but it is expected that by 2030, there will be more than 2,2 billion. Market Size Value (US$ Mn) & Volume (MT) Forecast By Market Taxonomy, 2022-2032, 15. Halal used to be a term reserved only for members of the Islamic faith, but over time it has come to mean anything that is . It also includes everything related to a respectful, healthy lifestyle. ( UK: +44-753-713-2163 ) For the eight consecutive year, Malaysia continues to maintain its top position in the overall Global Islamic Economy Indicator. Increasing requirement for the food among both Muslims and non-Muslims, advancement in healthy technologies incorporated, and strict regulations implementations are the factors driving growth of halal food market. With globalisation on the rise, the logistics of products is readily carried out across national borders. The Global food market is estimated at 7.8 Trillion Dollars with annual growth rate of 3.8%, 17% of that market is the Halal food trade amounting to around 1.8 Trillion Dollars. The increase in demand creates increase in business, trade and production that is why today the Halal market is one of the fastest growing consumer segments in the world, with an estimated worth of $2.3 trillion. Indonesia Halal Market, By Type (Food & Beverages, Dietary Supplements, Pharmaceutical, Sports Nutrition, Personal Care, Cosmetic, Others), Product Category (Conventional, Organic), Brand (Private Label, Branded), Certification Status (Halal Certified, Non-Certified), Distribution Channel (Store based Retailers, Non-Store Retailers), Industry Trends and Forecast to 2029. [342 Pages Report] The halal food market is valued at USD 1.2 Tn in 2022 and is projected to grow at a CAGR of 5.6% during the forecast period, to reach a value of USD 3.0 Tn by 2032. Moreover Halal food market is growing at almost double the market at 6.7%. Market Definition / Scope / Limitations, 3.3. Y-o-Y Growth Trend Analysis By Nature, 2017-2021, 5.5. Key halal food manufacturers are looking for capturing the market with joint ventures, partnerships, mergers, and acquisitions, while top halal food brands are focusing on upgraded and modified product with rising demand for infant food formulas, which has increased over time with Halal Food consumption among all population. This definition tells us a lot of what halal englobes. Besides this, several Islamic and non-Islamic countries are implementing stringent regulatory frameworks, which consist of globally accepted standards, to attract novel entrants in the market. Market Attractiveness Analysis By Region, 9. Top countries driving the halal food demand are Malaysia, UAE, Australia, Indonesia, and Turkey. The US based provider of information, services and technology for the healthcare industry, IMS Health, reported in 2009 that the expected growth of the global market for pharmaceuticals will be USD300 billion over the next five years, reaching USD1.1 trillion in 2014. The Turkish Standards Institution (TSE) is the major body in charge of granting halal certification to foreign corporations importing food. Meanwhile, they eat Halal meat as part of their diet. Let us know your requirement to get 100% FREE customization. We expect the global halal food market to exhibit a CAGR of What are the key factors affecting the halal food market growth? Coordinating Minister for the Economy Airlangga Hartarto said Indonesia has a great opportunity to become a leading halal producer at the world level. Islamic finance is marketed to Muslims even though non muslims might also agree with their ethos. Despite Muslims making up only eight to 12 percent of Thailand's economy, the country is one of the largest exporters of Halal food in the world, accounting for 20% of its total food exports. The consumer requirements for cosmetics and personal care on the other hand, seem to converge rather than diverge across different regions. Therefore, the need for knowing the nature, source, production, distribution, and finance of products and services is becoming more of a realisation now than it was ever before. This delightful market is nestled near Old Street. Its not a prerequisite and often, being able to produce the certificate is the most important thing, but if you did wish to put it on the product you can do. Certifications and Certifying Agency Overview, 3.12. In the same year, Sanichi Technology's local office in Malaysia sponsored a US$300 million halal gelatin production and industrial park, which will be the region's first of its kind. Sudden outbreak of the COVID-19 pandemic has led to a shift in sales of halal-certified food products from brick-and-mortar distribution channels towards online platforms. Currently, meat, poultry & seafood account for the majority of the total market share. Historical Market Size Value (US$ Mn) & Volume (MT) Analysis By Product Type, 2017-2021, 6.3. The demand for halal products comes from the growing Muslim population. 2.2. Thus, organic, healthy, vegan, better for you products will perform very well within the Muslim consumer base. The global Halal market has the potential of serving the worlds 1.6 billion Muslims, and is often spoken as the worlds Third One Billion market alongside India and China. Like Leather Lane market, White Cross market is only open on the weekday, much to the delight of office workers nearby. Any components or additives in food destined for Turkey must be prepared according to halal standards. For meat products, having the certification means that the production respects the different steps required to be Halal such as slaughter with a single cut or the meat hasnt been in contact with pork. In addition, according to him, Indonesia is also able to become the largest market for halal products in the world, by taking advantage of the benefits of demographic bonuses and as a country . Which significant steps can you take to stay ahead of competitors? With an average annual growth rate of 1.5 per cent, it is projected that Muslims will make up 26.4 per cent of the worlds total projected population of 8.3 billion in 2030, with a median age of 24. Accordingly, there are significant opportunities for Islamic exporters familiar with the Halal markets to sell to the Thai market. The halal market covers more than just food and beverages. Although there are no official figures, it is estimated that the halal market already contributes between 40 and 100 billion EURO to the European . Moreover, halal food products are packaged and stored in utensils, which have been cleaned as per the prescribed guidelines. The halal ingredients market is expected to register a CAGR of approx. Turks, who make up 98%of the population, spent $168 billion worth of halal food and beverages in 2014. Indeed, the Muslim population is constantly growing, and so is the demand for halal products. 3. Originally, this organization was initiated by certifiers from the following countries: Indonesia, United States, Australia and Holland. How was the performance of halal food been over the past half-decade? Global Market Analysis 2017-2021 and Forecast 2022-2032, By Region, 8.2. List of Existing and Potential Buyers, 3.6.2. For context, For Muslim consumers, halal is an Arabic word that implies "lawful" or "permitted." Moreover, the flourishing e-commerce industry has facilitated consumers with easy accessibility of halal-certified food products. The technical storage or access that is used exclusively for statistical purposes. It aids in the proper growth and development of babiesIt has a similar colour, taste, and fragrance like breast milk, and it absorbs and digests well, resulting in a better stool condition for the baby. Pharmaceuticals 7.5. Forecast Factors - Relevance & Impact, 3.8.2. The halal industry in China is having difficulty developing, especially regionally from the lack of qualified staff and having financing difficulties. Halal Academy; Animal feeds, on the other hand, are classified as uncertifiable items in JAKIM's Halal Certification Procedure Manual. This year, the World Halal Summit (WHS) will bring more issues and concerns to the table in its six subject-focused conferences that are set to be intensive and empowering dialogues with influential speakers to map out future global Halal developments. This growth can be attributed to the presence of several regulatory bodies and a combination of the religious and cultural populations in the region. Its making sure you respect everything around you: the environment, animal welfare, sustainability, workers & suppliers rights, etc. The global Halal market is driven by values and trust. Key Application Trends 7.2. Cosmetics 7.4. 'The Future of World Religions: Population Growth Projections, 2010-2050,' Pew . Our report has categorized the market based on product and distribution channel. Effect of Halal Products Certification The European halal market increases 10-20% year over year. All Rights Reserved. These opportunities when correctly understood and properly marketed, can pave the way for a more balanced economy. Profitability by Market Segments (Nature/Product Type/Application/Region), 18.1.9.3. Nov 25, 2022 In 2019, Muslims around the world spent a total of 2.02 trillion U.S. dollars across the food, pharmaceutical cosmetics, fashion travel, and media/recreation sectors. The goal of this study is to look into and explore Malaysia's current legislative and regulatory framework for animal feeding, as well as to describe the importance of the halal assurance system in animal feed regulation. Having a halal certificate increases the reach of your product or service, meaning that you can target over 50 million consumers in Europe and around 1.9 billion worldwide. Consumers nowadays not only wish to know the nature of what they eat but also of what they wear, what they put on their skin, the type of travelling ease and hospitality they receive, as well as the method by which products and services are delivered to them. The global halal food market was valued at USD 436.8 billion in 2016 and is estimated to grow at a CAGR of 6.1% over the next eight years Milk & milk products such as processed milk, cheese, and yogurt are expected to be one of another primary product segment driving growth for the global industry Islam is the fastest growing religion in the world. The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. The WHC is a federation of halal certifying bodies worldwide after gaining international and global acceptance to their halal certification and accreditation processes. Creating swimwear in line with Muslim beliefs and values, Active Attire not only appeals to Muslim consumers but also reduces swimming facilities cost by 30 per cent due to less amount of hair particles getting stuck in the swimming pools filtration system. The halal sector has become one of the fastest growing food categories. 7. 2022 IMARC Services Private Limited. Some prefer halal cosmetics due to it being animal cruelty free; others choose halal cosmetics because there are no harmful chemicals that irritate their skin or alcohol that would dry up their skin. Holding an internationally trusted halal label gives your food product the privilege needed to expanding your market to the halal consumers, with ICHS you are affiliating your brand with a label that is empowered by and emanated from the biggest official international Islamic organizations. The halal economy is meant to be value-based. Global Halal Food Market, By Application 7.1. Supply Side Participants and their Roles, 3.5.1.2. 9 Interesting Statistics on Halal that Everyone Should Know Defined by Meriam-Webster, halal is "sanctioned by Islamic law" and the "selling or serving food ritually fit according to Islamic law." Analogous to kosher food in the Jewish faith, halal food is for the Muslim faith. Remember also that it is not because your products are halal friendly that you can only target them to Muslims. Historical Market Size Value (US$ Mn) & Volume (MT) Analysis, 2017-2021, 4.2. Creating an international halal logistics standard is therefore of great important. The halal food market has grown strongly over the past decade demandand is now worth an estimated USD667 armillion.7 Halal food represents close to 20% of the entire global food industry. Market Size Value (US$ Mn) & Volume (MT) Forecast By Market Taxonomy, 2022-2032, 14. All Rights Reserved. Collective Value Share: Top 3 Countries (2021A). Profitability by Market Segments (Nature/Product Type/Application/Region), 18.1.14.3. Historical Market Size Value (US$ Mn) & Volume (MT) Analysis By Application, 2017-2021, 7.3. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you. Please be sure to check your SPAM/JUNK folder too. How can you develop stable and lucrative revenue streams? The global halal cosmetics market size is expected to showcase an opulent growth opportunity with a phenomenal CAGR of 11.6% from 2022 to 2032. North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA, United States, Canada, Brazil, Mexico, Argentina, Chile, Peru, Germany, France, Italy, Spain, UK, Netherlands, Belgium, Nordic, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, Saudi Arabia, UAE, Turkey, GCC Countries, South Africa, Central Africa, North Africa, and others, Nature, Product Type, Application, and Regions. Profitability by Market Segments (Nature/Product Type/Application/Region), 18.1.3.3. The Global Halal Food Market Report 2021-24 estimates global halal food trade (imports to OIC member countries) to be valued at US$ 129 billion in 2019 and is projected to grow at 1.7% CAGR,. The global halal food market is expected to grow from $1134.14 billion in 2021. Uncovering the traders in muslim and non muslim countries can create a challenge, with ICHS you will be joined in a massive digital trading platform that will get you connected to many traders in different countries. Nestl then took the JAKIM certificate in order to obtain the religious legitimacy. To many, halal hospitality may seem attractive as above all it provides a cultural experience to the consumers as well as a safe family environment. Moreover Halal food market is growing at almost double the market at 6.7%. Traditionally leaning more towards food and consumption items, halal now encompasses a wide variety of sectors including cosmetics, pharmaceuticals, clothing, financial services, logistics, and even hospitality. 6. A great example of this is the concept of halal holidays, which gathers all aspects of halal into one experience. Newly released data from Future Market Insights market analysis shows that global halal food demand is projected to grow year-on-year (Y-o-Y) growth of 9.1% in 2022. Halal-certified beauty is a thriving industry, with a projected worldwide turnover of USD 74.7 billion in 2020. What has been the impact of COVID-19 on the global halal food market? The point to note here is that halal cosmetics is appearing to secure a firm place in the market due to its assurance of quality and appeal to a wide range of consumers regardless of religious backgrounds. You need to take the necessary steps to make sure they are the appropriate body for your target market. Indonesia, the world's most populous Muslim country, will be a key driving force in the growth of the halal market globally, as consumers' incomes rise in real terms. For him, halal is largely about thoughtful intentionality. Oceania Market Analysis 2017-2021 and Forecast 2022-2032, By Country, 14.1. Over the past few years, halal food items have become popular amongst both Muslim and non-Muslim consumers as they have evolved from being an identification mark of religious observation to assurance of food safety, hygiene and reliability. . Historical Market Size Value (US$ Mn) & Volume (MT) Analysis By Nature, 2017-2021, 5.3. 4% over the period of 2022-2028. There is a lot of demand for the Islamic hospitality concept in the UAE and the surrounding GCC countries, said Khalid Kamal, Business Development Manager at Al Jawhara. In secular countries, halal certification initiatives are organized by private organizations. 63% of these are from Asia, followed by Middle-East and Africa (14% and 10%, respectively). Another sector where consumers are questioning the source of their purchase is the pharmaceutical industry. A vast majority of them eat Halal only. Tourism 8. Similarly, in 2019, Saudi Arabia expanded its mandated halal certification to include imported frozen and chilled meals, Milk, confectionary, long-life products, and dairy products, as well as fats and oils. May 6, 2021 As of 2021, the leading halal sector was Islamic finance with a market share 51.6 percent. Because of these factors, we forecast robust growth for halal meat and bread spending over the medium term. The term halal has seated its position on the global marketplace. Historical Market Size Value (US$ Mn) & Volume (MT) Trend Analysis By Market Taxonomy, 2017-2021, 13.2. Halal food demand grew at 8.8% CAGR between 2017 and 2021. Let's take a closer look at the halal pharmaceutical market. In order to examine the existing market opportunities, the World Halal Cosmetics Industry 2022 study provides a quantitative analysis of the current trends, dynamics, and estimations of the worldwide Halal Cosmetics market. The halal industry is growing and expanding globally. Halal logistics is another sector of the global halal market that has the potential to enormous growth. When you produce ingredients aimed at other producers, having a halal certification for that specific ingredient means that it will be much easier for the other producer to obtain the halal certification. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Nature, 5.2. HALAL MARKET - 31 Photos & 24 Reviews - 7755 Tylers Place Blvd, West Chester, OH - Yelp Restaurants Home Services Auto Services More Halal Market 24 reviews Unclaimed $ Grocery Edit Closed 10:00 AM - 9:00 PM See hours See all 31 photos Write a review Add photo Save " They have many different brands of tahinis, roasted eggplants (for your own baba). Like any variety of drinks or food offerings, there is a countless no. Profitability by Market Segments (Nature/Product Type/Application/Region), 18.1.7.3. Around 2 billion Muslims are living on the face of the earth. The global demand for halal food has been steadily rising over the past few years. Prima Quality Food Industries Sdn Bhd, The Halal Food Company, Cargill Incorporated, Pacmoore Products Inc., and Al Islami Foods are expected to be the top players driving the market growth. 4. The production of this type of meat represents an expanding market share and today is not only a Muslim consumers' prerogative.This meat must be slaughtered and processed according to halal rules, respecting the Islamic precepts and avoiding any contamination. The Halal Parks is a community of manufacturing and service businesses located on a common property. Recently, in October 2019, the Government of Indonesia introduced mandatory halal labeling and certification rules, owing to which consumers nowadays prefer halal food. 2,221.3Billion in 2022. He said the growing world Muslim. This creates a huge opportunity for the whole Halal food supply chain A Halal certificate is a document that guarantees that your product or service complies with the Islamic Law and are suitable for consumption in Muslim countries. Europe Market Analysis 2017-2021 and Forecast 2022-2032, By Country, 11.1. Halal food is seen as a safer option among many Chinese people, being healthier and more hygienic than other traditional, branded products. As you can see, the halal sector is booming, not only in Muslim countries, but also all across the world. Profitability by Market Segments (Nature/Product Type/Application/Region), 18.1.4.3. Global Market Analysis 2017-2021 and Forecast, 2022-2032, 4.1. Now think of all the possibilities you have uncovered! Kindly contact us for the actual market size and trends. Get a complete personalized report with a scorecard of target partners. Market Size Value (US$ Mn) & Volume (MT) Forecast By Market Taxonomy, 2022-2032, 17.3. The global halal cosmetics market size was valued at USD 30.21 billion in 2021 and is projected to reach USD 83.76 billion by 2030 at a CAGR of 12% from 2022 to 2030. Market Size Value (US$ Mn) & Volume (MT) Forecast By Market Taxonomy, 2022-2032, 13. Based on the product, the global halal food market has been bifurcated into meat, poultry & seafood, fruits & vegetables, dairy products, cereals & grains, oil, fats & waxes, confectionery, and others. Currently, meat, poultry and seafood are the most preferred food products in the market. This is the commercial side of the law on halal. The global halal meat market size was valued at USD 802 billion in 2021. One of the benefits of halal is that it easily fits into other popular food and nutrition trends. With the current pace of growth, the global halal market can only be expected to increase. Product launches & Recent Developments, 3.5.1. What was the size of the global halal food market in 2022? ( India: +91 120 433 0800 ). It became the world reference in the domain of certification of Shariah-compatible food products. The global halal food market size reached US$ 2,221.3 Billion in 2022. Asia Pacific constitutes of four of the top ten countries with the highest Muslim population, namely Indonesia, India, Pakistan and Bangladesh. Historical Market Size Value (US$ Mn) & Volume (MT) Trend Analysis By Market Taxonomy, 2017-2021, 12.2. Product Claims & Nutritional Information Scan by Buyers, 4. This standard was created to cater to the pharmaceuticals industrys supply chain from processing to handling, packaging, labelling, distribution, storage and display of medicines and health supplements. Similarly, the large youthful population provides the base for sustainable growth past the medium term (2022-2026). Halal food sales increased a CAGR of around 8.8% over the past half-decade. Halal Food Market by Nature, Product Type, Application & Region - Forecast 2022 - 2032. "The halal market in Italy is worth $5 billion and 80% of businesses have obtained international certification from the WHA in Italy," he told Salaam Gateway. Halal food items have become popular amongst both Muslim and non-Muslim consumers as they assure food safety, hygiene, and reliability, which represents one of the key factors catalyzing the global halal food market. In 2019, Indonesia- the country with the world's largest Muslim population (207 million people) passed the Halal Product Law. Newly released data from Future Market Insights market analysis shows that global halal food demand is projected to grow year-on-year (Y-o-Y) growth of 9.1% in 2022. The region is full of growing and developing economies, resulting in an increased demand for halal products among their Muslim population. The size of the market is estimated to be between 40 and 100 billion. This creates a huge opportunity for the whole Halal food supply chain. +44 (0) 7730579760, Privacy Policy | Cookie Policy | Terms & Conditions. Halal business booming . IMARC Group provides an analysis of the key trends in each sub-segment of the global halal food market report, along with forecastsat the global and regional level from 2023-2028. Europe is the key market. It includes every sector you can think of: from the most obvious, food and beverages, to sectors like fashion, cosmetics, tourism and even fertiliser. Product adaptability in each target market needs to be considered as consumer requirements differ across the regions. The demand for halal products comes from the growing Muslim population. Recent researches have revolutionized the industry over the period and it is further projected to grow at a CAGR worth 9.7% in the forecasted year of 2022-2032. The halal industry is not limited to food, though halal food is the second biggest sector after Islamic finance. Europe is also a major hub for halal opportunities. Meat can be eaten if the animal is murdered with a cut to the carotid artery, jugular vein, and windpipe while God's name is spoken over it, according to Islamic law. India has the world's third largest Muslim population at more than 170 million and presents huge market opportunities for halal-based entrepreneurs. 2. Your personal details are safe with us. "The first time I saw halal slaughter, it made me mindful," Amanullah says. What will be your strategy to make top customers shift towards your brand? Starting from a plane ride that offers halal food, halal tourism and hospitality also includes hotels where no alcohol is served and males and females are provided separate spas and swimming pool facilities. At what CAGR is the market expected to expand through 2032? East Asia Market Analysis 2017-2021 and Forecast 2022-2032, By Country, 12.1. It should be noted that the halal food markets are not similar everywhere. One such company named as Zazzle, is using halal branding printed on t-shirts, bags, and even kitchen aprons. The halal food market has a strong potential for growth. Aside from the many industry sectors of the Halal market, it is also important to understand the constant need of innovation. With an increase in the demand, manufactures have widened their product portfolio by introducing several value-added food items, including hot dogs, soups, candies, burgers, sandwiches, cookies, creams and pizzas. According to recent estimates, almost 85% of Halal food consumed by Muslims worldwide is made in countries where Muslims are in a minority. Profitability by Market Segments (Nature/Product Type/Application/Region), 18.1.2.3. Kitopi, a cloud-kitchen platform located in Dubai, is seizing this opportunity. Profitability by Market Segments (Nature/Product Type/Application/Region), 18.1.8.3. What is the breakup of the global halal food market based on the product? [342 Pages Report] The halal food market is valued at USD 1.2 Tn in 2022 and is projected to grow at a CAGR of 5.6% during the forecast period, to reach a value of USD 3.0 Tn by 2032. Current and Future Market Size Value (US$ Mn) & Volume (MT) Analysis and Forecast By Product Type, 2022-2032, 6.4. On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market. Just on halal food alone, the global market reached a value of US$1.27 trillion in 2021 and is forecasted to reach US$1.67 trillion by 2025. the organization. For example, slaughtered halal animals undergo two health checks, as compared to the single inspection performed on other conventional animals. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Product Type, 6.2. This site uses cookies, including third-party cookies, that help us to provide and improve our services. The International Trade and Industry Deputy Minister of Malaysia, Datuk Mukhriz Mahathir has stated that 25 per cent of the cosmetics sold in the Middle East are halal certified. Ayatollah Khomeini pronounced a ban on all imported meats, which were declared non-Islamic and immediately destroyed. With many of the values having a universal appeal, the Halal market also has the potential of serving the remaining 5.4 billion consumers, if correctly understood. The global halal food market is expected to grow from $1134.14 billion in 2021 to $1290.35 billion in 2022 at a compound annual growth rate (CAGR) of 13.8%. England If you want to get your halal certificate, it is worth considering who you decide to utilise for your accreditation. This demand is especially true for packaged food, which saw a substantial growth over the period 2015-2019 of around 7% YOY, nicely above the global average rate of around 4%. As mentioned previously, Halal is linked to ethics, sustainable and healthy living. Profitability by Market Segments (Nature/Product Type/Application/Region), 18.1.6.3. Mid-Level Participants (Traders/ Agents/ Brokers), 3.5.4. Mr. Gopal R, Vice President, Transportation & Logistics Practice, Asia Pacific and Country Head for Malaysia at Frost & Sullivan has mentioned that the Malaysian logistics industry is forecasted to grow at a compound annual growth rate (CAGR) of 12.6 per cent to reach RM196.5 billion in 2015. It has many different facets and opportunities.. Halal cosmetics have consumers from a variety of backgrounds who find the cosmetics appealing due to a range of reasons. Other sectors include fashion, media and recreation, travel and pharmaceutical and cosmetics. Its making sure you eat healthy, clean, non-toxic products, and that you are not having a lifestyle that is going to harm you. Any components or additives in food destined for Turkey must be prepared according to halal standards. Which are the positive and negative factors impacting the Halal Food Market. Mark your calendars. The competitive landscape of the market has also been examined with some of the key players being QL Foods Sdn Bhd, Al Islami Foods Co., DagangHalal Group, Saffron Road, Kawan Foods Berhad, Janan Meat Ltd, Prima Agri-Products Sdn Bhd, Cargill, Inc., BRF S.A., Nestle S.A., Tahira Foods Ltd., and Al-Falah Halal Foods Ltd. As such, research into making this market better, faster, cheaper cannot be ignored. The global. The overall halal food market is growing, as well. With information being readily available now, the Muslim consumer is more informed. Privacy Policy*, Future Market Insights is registered in the state of Delaware as Future Market Insights, Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, United States, Email: sales@futuremarketinsights.com Halal cosmetics can be seen as the next emerging sector in the halal industry after food and financial services. Halal cosmetics sales are expected to grow at a 9.6% CAGR through 2026, owing to rising religious awareness among younger Muslim consumers and the world's growing Muslim population. Once you have the halal certification from a certified body of which there are many available, you can, if you wish, add the halal logo to your product and packaging. Profitability by Market Segments (Nature/Product Type/Application/Region), 18.1.5.3. Current and Future Market Size Value (US$ Mn) & Volume (MT) Projections, 2022-2032, 5. It is estimated to reach a predicted value of USD 1,657.44 billion by 2030 at a CAGR of 7.4% during the forecast period (2022-2030). Price Point Assessment by Product Type, 3.7. Absolute $ Opportunity Analysis By Product Type, 2022-2032, 7. of regulations that is applicable to halal food. It already accounts for 17 percent of the global food market, according to the World Halal Forum. The main selling point of Halal apparel would be its modesty, eco-friendliness, and sustainability factors. The size of the market is estimated to be between 40 and 100 billion. Current Market Size Value (US$ Mn) & Volume (MT) Analysis and Forecast By Region, 2022-2032, 8.4. The meat is slaughtered in accordance with Islamic law, which is known as Zabihah. Y-o-Y Growth Trend Analysis By Product Type, 2017-2021, 6.5. If a meal is classified as "haram," eating it goes against a Muslim's religious beliefs. Due to this, the halal market is expected to increase to 20% in the near future - with Asia, Africa and Europe accounting for 63%, 24% and 10% of this respectively (in van der Spiegel et al., 2012). It is also worth mentioning that in the region, rising awareness of trends, benefits of healthier options, rising income and more education brings a lot of potential and opportunities in the region. Current and Future Market Size Value (US$ Mn) & Volume (MT) Analysis and Forecast By Application, 2022-2032, 7.3.2. The European Halal Market has gained massive popularity in a very short interval of time. A halal holiday is an experience where everything is tailored to respect Islamic Sharia Laws: having restaurants and hotels with only halal food, no alcohol served anywhere, hotels with prayer rooms, beaches and pool exclusive to women, etc. However, Muslims have limited options when it comes to meat and poultry in Europe due to halal requirement. Halal consumers spent and estimated $1.6 trillion in the food and lifestyle sector in 2012. Y-o-Y Growth Trend Analysis By Application, 2017-2021, 7.5. Halal food refers to food items and beverages that are strictly prepared according to the rules underlined by the Islamic dietary law. The market for halal products in Asia Pacific and Middle East and Africa regions cumulatively accounted for more than 80% of the global market in 2015. 2,221.3 Billion in 2022. Latin America Market Analysis 2017-2021 and Forecast 2022-2032, By Country, 10.1. Their growth . Global Market Analysis 2017-2021 and Forecast 2022-2032, By Application, 7.2. Absolute $ Opportunity Analysis By Application, 2022-2032, 8. The Malaysian National Fatwa Council declared animals given non-halal diet to be haram. The opportunities are therefore definitely there. Turkish certifications are based on how goods are prepared, packaged, and what additives are used. The Muslim population is the second-largest worldwide with around 1.9 billion people, and the fastest growing religion globally in 2015. She mentioned that 75 per cent of Saaf Pure Skincares customers are non-Muslims who wish for cosmetics products that do not harm the body in the long- or short-term. The halal food market is expected to . Based on their market shares, numerous important countries are plotted across all of the major regions. Historical Market Size Value (US$ Mn) & Volume (MT) Trend Analysis By Market Taxonomy, 2017-2021, 14.2. It is becoming more and more true especially after the many food safety scandals happening recently. With the name halal promising the assurance of quality, many companies are using it to their advantage to start a trend. An unified Market Research Subscription Platform, built for todays disparate research needs. Muslims are only allowed to drink and eat dishes that are prepared and served using century old halal guidelines. The Asia Pacific region has been quick in understanding this point. Nov 27, 2022 (The Expresswire) -- As per Market Growth Report, Halal Products market size is estimated to be worth USD million in 2021 and is forecast to a readjusted size of USD million by 2028 . Turkish certifications are based on how goods are prepared, packaged, and what additives are used. The term halal is mainly associated with Islamic dietary laws, especially meat processed and prepared according to those requirements. QL Foods Sdn Bhd, Al Islami Foods Co., DagangHalal Group, Saffron Road, Kawan Foods Berhad, Janan Meat Ltd, Prima Agri-Products Sdn Bhd, Cargill, Inc., BRF S.A., Nestle S.A., Tahira Foods Ltd., and Al-Falah Halal Foods Ltd. PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request). This, while being a challenge locally, can benefit greatly companies willing to export their halal products to China, as the demand is definitely there and increasing. "These foods and companies have had . Since not all of the blood is drained in jhatka, the meat becomes harsher and drier. It is mostly required for food products such as meat, milk or canned food. This is definitely a sector you should look into as it means entering a market of almost 2 billion people. Data from the Institute of Personal Care Science of Australia show that the global cosmetics market is worth USD334 billion and the global halal cosmetics market is estimated at USD13 billion annually. Halal ingredients are those that are permitted by Islamic law to be used in the manufacture of a variety of products. Global. This is mostly a young community, who is aware of the new trends and healthy living. The popular types of halal cosmetics incorporate an array of fragrances; color cosmetics such as lipsticks, foundation, and . You need to have in mind that every halal product can also resonate with anyone who has similar beliefs and values. By 2025, its value is likely to surpass 9.7 trillion US dollars. The opportunities are therefore definitely there. 7. Halal food refers to food items and beverages that are strictly prepared according to the rules underlined by the Islamic dietary law. Market Size Value (US$ Mn) & Volume (MT) Forecast By Market Taxonomy, 2022-2032, 11. Halal food market revenue is expected to increase at a CAGR of around 9.7% during the period 2022-2032. It will also be helpful to meet the specific requirements of some markets, where you cant sell specific products without a certificate. T: +1-845-579-5705, A MARKET ACCESS DMCC Initiative - Dubai, United Arab Emirates. Asia Pacific, Europe, North America, Latin America, Middle East and Africa. For Muslims, these are doubly significant. Market Analysis Research Report On "Global Halal Food Market 2019 Industry Growth, Size, Trends, Share, Opportunities And Forecast To 2025 " To Their Research Database. 1. Nutraceuticals & Dietary Supplements, 7.4. Among these, supermarkets & hypermarkets represent the largest segment. WHS will feature the worlds largest integrated Halal food and beverage trade fair, the Malaysia International Halal Showcase (MIHAS) now in its 12th edition with over 500 businesses showcasing their products and services from more than 30 countries. Current and Future Market Size Value (US$ Mn) & Volume (MT) Analysis and Forecast By Nature, 2022-2032, 5.4. In 2019, Ajinomoto, a Japanese spice business, has spent US$85 million in a halal production plant in Malaysia, which is expected to open in 2022. Thomson Reuters estimates the global halal . Market Share Analysis of Top Players, 18.1.1. The world halal council has recognized TSE as the independent body along with GIMDES performing the same function. Sign up to the Bolst Global community for updates, information and opportunities Yes, Connecting you to international opportunities and resources, market information and news delivered straight to your inbox, Bolst Global Ltd As Islam is the second largest religion in the world, the halal product market is expected to grow to over 58.3 billion by 2022.The largest sector of the global halal industry is Islamic finance with a 43 percent share of the market, followed by halal food with a 36 percent market share. The Pricing is too high. The halal industry has experienced a soaring demand for halal products worldwide such as cosmetics, toiletries, and pharmaceuticals, and now even services including travel, banking, finance, and logistics. Though eating halal encompasses several requirements, many of these align with other diets like plant-based or vegan. With many of the values having a universal appeal, the Halal market also has the potential of serving the remaining 5.4 billion consumers, if correctly understood. The technical storage or access that is used exclusively for anonymous statistical purposes. This fascinating event is slated to be held from 19 - 20 Sep 2023 in Dubai, UAE. *As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic. Global Halal Food Market, By . The industry sector of halal tourism and hospitality offers a complete experience to its Muslim consumers. Get to know more about the World Halal Summit and be a part of this gathering that will energise the Halal ecosystem today. The global Halal market is said to be worth USD2 trillion. Some countries have developed their own standards for halal, and some certification bodies have developed another, making it confusing for food producers, and costly getting multiple audits and having to undergo multiple frameworks. Halal foods must not contain intoxicants or alcohol, pork, unsanitary elements, poisons and harmful ingredients. Al Jawhara Gardens Hotel established in 2006, has seen an annual 10 per cent increase in its growth. Zaidi Zainuddin and Nuraini Ariffin, founders of ActiveAttire, are examples of entrepreneurs who have put a different spin on the Muslim fashion industry. When you fully understand this concept, you realise that if your business complies with Islamic requirements, you open the doors to many and diverse opportunities all over the world. For halal exporters, the sector has the potential to be a gold mine. When you think of halal, the first thing that comes to mind for most is that halal is about meat, and about food and drink products in general. THE HALAL MARKET. The history of the halal market in the West The market for halal food is a recent phenomenon. Market Size Value (US$ Mn) & Volume (MT) Forecast By Market Taxonomy, 2022-2032, 12. Which are the top countries driving the halal food market demand? MEA Market Analysis 2017-2021 and Forecast 2022-2032, By Country, 15.1. The demand for halal products in China comes from the Muslims, but not only. White Cross market. The growth in the halal market represents significant opportunities for businesses to diversify and secure future growth for their companies. As estimated by the research provider ResearchAndMarkets, the global halal food market size was valued at $842.3 million (771.9M) in 2020 and is predicted to grow by 10% in the coming years, reaching $1.72 billion (1.58B) by 2027. 17 The Esplanade St Helier Jersey JE2 3QA, Jerseyinfo@ic-halal.com, Auditor Registeration?Auditor Registeration, The Global food market is estimated at 7.8 Trillion Dollars with annual growth rate of 3.8%, 17% of that market is the Halal food trade amounting to around 1.8 Trillion Dollars. Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Muslims typically consume halal meat since it is required by their beliefs. In 2010, there were 1.6 billion Muslims, or 23.4% of the population world. The development of halal holidays has also helped to boost the sales and demand for halal options. According to this law, alcohol, blood, pork, by-products of pork and blood, animals that are dead before slaughtering, and those not killed in the name of Allah are considered haram or impermissible for consumption. This will most likely help boost the sales of halal food in the region. South Asia Market Analysis 2017-2021 and Forecast 2022-2032, By Country, 13.1. China has a big Muslim community, with around 26 million Muslims, with the majority living in Northwest China, but is also starting to develop in neighbouring regions. 10.8% during 2023-2028. With expected Growing Muslim consumers coupled with the increased offering of Halal-certified products is expected to drive the global Halal market to reach $9.71 trillion by 2025. With falafel wraps, and Turkish food trucks, you can get your fill of halal lunch. 4,177.3 Billion by 2028, exhibiting a growth rate (CAGR) of Historical Market Size Value (US$ Mn) & Volume (MT) Trend Analysis By Market Taxonomy, 2017-2021, 11.2. It is also an avenue for opportunities and market exploration. "Halal Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" Tweet this The global halal food market reached a value of US$ 1.9 Trillion in 2020.. When compared to the global food market size, it is obviously small. The global growth rate of the Halal industry is estimated to be 20 percent - or about $560 billion annually. Halal is an Arabic word that translates to permissible in English. Profitability by Market Segments (Nature/Product Type/Application/Region), 18.1.13.3. The American Halal Co. Inc., American Foods Group LLC, Beijing Shunxin Agriculture, and Jingyitai Halal Food. What is the breakup of the global halal food market based on the distribution channel? Halal Food And Beverage Market Size, Share & Trends Analysis Report By Product (Grain Products), By Distribution Channel (Hypermarket & Supermarket), By Region, And Segment Forecasts, 2022 . Some businesses till 2022 haveto comply to the law allows for exclusions according to Islamic methods such as the sale of haram products such as alcohol, pig, meat and blood, not slaughtered. The founder of the first halal cosmetics company in Europe, Dr. Mah Hussain-Gambles, said that the halal cosmetics industry has also benefitted from the notion of eco-friendly consciousness among consumers. Leeds Historical Market Size Value (US$ Mn) & Volume (MT) Trend Analysis By Market Taxonomy, 2017-2021, 15.2. The report estimates that the world's 1.9 billion Muslims spent the equivalent of US$2 trillion in 2021 across the food, pharmaceuticals, . In Europe, the average per capita food spending was around $2000 in 2019. Each market has unique attributes through their culture, location, income per capita, and other factors. Historical Market Size Value (US$ Mn) & Volume (MT) Analysis By Region, 2017-2021, 8.3. The demand for Halal and ethical products and services is being driven by a global Muslim population which has grown significantly to one-quarter of the world's population. The per capita spending varied across the region, for instance in the Bosnia and Herzegovina it was $423 in 2019 while in Germany it was $2152 during the same . The 1990s saw the emergence of 'Muslim consumers' mindful of what they put on their plate. In conclusion the outcome of Halal market is that it is a growing market and there are suggestions and recommendations can be followed to solve some issues the Halal market is show more content Marketing Strategy of Halal Production: Starting a concept of marketing strategy in the business world should have an objective, and these are the . Prima Quality Food Industries Sdn Bhd, 18.1.1.3. One estimate puts the global Muslim market at US$7 trillion, with the halal food market valued at an estimated US$1.7 trillion and halal cosmetics US$75 billion. They are the first target when it comes to marketing halal products. Hindus have no dietary laws concerning Halal meat. The rise of supermarket e-commerce and home deliveries has opened up new halal food and grocery delivery options, such as halal cloud or ghost kitchens. If you would like to discuss halal certification further for your products and want to find out more, get in touch with us. The market is not about things Islamic and un-Islamic, but the market is also about how to produce commodities that attract people to buy and consume. Halal food preparation and consumption have significant religious implications for members of the Islamic community. The site offers halal restaurant and food reviews to 20 million unique users around the world annually. Request PDF | On Jul 16, 2015, Florence Bergeaud-Blackler published The Halal Certification Market in Europe and the World: A First Panorama | Find, read and cite all the research you need on . 8. Who are the key companies/players in the global halal food market? According to the latest estimates, they will represent 2.2 billion people, or 26.4% of the total population. Profitability by Market Segments (Nature/Product Type/Application/Region), 18.1.12.3. Halal food market along with Halal Food isolate type, powdered form, and infant formula industry as application segment are projected to reflect favorable growth outlook in terms of revenue, according to the annual market analysis conducted by Future Market Insights. . In Turkey, halal cuisine is extremely important. Profitability by Market Segments (Nature/Product Type/Application/Region), Table 1: Global Market Value (US$ Mn) Forecast by Region, 2017-2032, Table 2: Global Market Volume (MT) Forecast by Region, 2017-2032, Table 3: Global Market Value (US$ Mn) Forecast by Nature, 2017-2032, Table 4: Global Market Volume (MT) Forecast by Nature, 2017-2032, Table 5: Global Market Value (US$ Mn) Forecast by Product Type, 2017-2032, Table 6: Global Market Volume (MT) Forecast by Product Type, 2017-2032, Table 7: Global Market Value (US$ Mn) Forecast by Application, 2017-2032, Table 8: Global Market Volume (MT) Forecast by Application, 2017-2032, Table 9: North America Market Value (US$ Mn) Forecast by Country, 2017-2032, Table 10: North America Market Volume (MT) Forecast by Country, 2017-2032, Table 11: North America Market Value (US$ Mn) Forecast by Nature, 2017-2032, Table 12: North America Market Volume (MT) Forecast by Nature, 2017-2032, Table 13: North America Market Value (US$ Mn) Forecast by Product Type, 2017-2032, Table 14: North America Market Volume (MT) Forecast by Product Type, 2017-2032, Table 15: North America Market Value (US$ Mn) Forecast by Application, 2017-2032, Table 16: North America Market Volume (MT) Forecast by Application, 2017-2032, Table 17: Latin America Market Value (US$ Mn) Forecast by Country, 2017-2032, Table 18: Latin America Market Volume (MT) Forecast by Country, 2017-2032, Table 19: Latin America Market Value (US$ Mn) Forecast by Nature, 2017-2032, Table 20: Latin America Market Volume (MT) Forecast by Nature, 2017-2032, Table 21: Latin America Market Value (US$ Mn) Forecast by Product Type, 2017-2032, Table 22: Latin America Market Volume (MT) Forecast by Product Type, 2017-2032, Table 23: Latin America Market Value (US$ Mn) Forecast by Application, 2017-2032, Table 24: Latin America Market Volume (MT) Forecast by Application, 2017-2032, Table 25: Europe Market Value (US$ Mn) Forecast by Country, 2017-2032, Table 26: Europe Market Volume (MT) Forecast by Country, 2017-2032, Table 27: Europe Market Value (US$ Mn) Forecast by Nature, 2017-2032, Table 28: Europe Market Volume (MT) Forecast by Nature, 2017-2032, Table 29: Europe Market Value (US$ Mn) Forecast by Product Type, 2017-2032, Table 30: Europe Market Volume (MT) Forecast by Product Type, 2017-2032, Table 31: Europe Market Value (US$ Mn) Forecast by Application, 2017-2032, Table 32: Europe Market Volume (MT) Forecast by Application, 2017-2032, Table 33: East Asia Market Value (US$ Mn) Forecast by Country, 2017-2032, Table 34: East Asia Market Volume (MT) Forecast by Country, 2017-2032, Table 35: East Asia Market Value (US$ Mn) Forecast by Nature, 2017-2032, Table 36: East Asia Market Volume (MT) Forecast by Nature, 2017-2032, Table 37: East Asia Market Value (US$ Mn) Forecast by Product Type, 2017-2032, Table 38: East Asia Market Volume (MT) Forecast by Product Type, 2017-2032, Table 39: East Asia Market Value (US$ Mn) Forecast by Application, 2017-2032, Table 40: East Asia Market Volume (MT) Forecast by Application, 2017-2032, Table 41: South Asia Market Value (US$ Mn) Forecast by Country, 2017-2032, Table 42: South Asia Market Volume (MT) Forecast by Country, 2017-2032, Table 43: South Asia Market Value (US$ Mn) Forecast by Nature, 2017-2032, Table 44: South Asia Market Volume (MT) Forecast by Nature, 2017-2032, Table 45: South Asia Market Value (US$ Mn) Forecast by Product Type, 2017-2032, Table 46: South Asia Market Volume (MT) Forecast by Product Type, 2017-2032, Table 47: South Asia Market Value (US$ Mn) Forecast by Application, 2017-2032, Table 48: South Asia Market Volume (MT) Forecast by Application, 2017-2032, Table 49: Oceania Market Value (US$ Mn) Forecast by Country, 2017-2032, Table 50: Oceania Market Volume (MT) Forecast by Country, 2017-2032, Table 51: Oceania Market Value (US$ Mn) Forecast by Nature, 2017-2032, Table 52: Oceania Market Volume (MT) Forecast by Nature, 2017-2032, Table 53: Oceania Market Value (US$ Mn) Forecast by Product Type, 2017-2032, Table 54: Oceania Market Volume (MT) Forecast by Product Type, 2017-2032, Table 55: Oceania Market Value (US$ Mn) Forecast by Application, 2017-2032, Table 56: Oceania Market Volume (MT) Forecast by Application, 2017-2032, Table 57: MEA Market Value (US$ Mn) Forecast by Country, 2017-2032, Table 58: MEA Market Volume (MT) Forecast by Country, 2017-2032, Table 59: MEA Market Value (US$ Mn) Forecast by Nature, 2017-2032, Table 60: MEA Market Volume (MT) Forecast by Nature, 2017-2032, Table 61: MEA Market Value (US$ Mn) Forecast by Product Type, 2017-2032, Table 62: MEA Market Volume (MT) Forecast by Product Type, 2017-2032, Table 63: MEA Market Value (US$ Mn) Forecast by Application, 2017-2032, Table 64: MEA Market Volume (MT) Forecast by Application, 2017-2032, Figure 1: Global Market Value (US$ Mn) by Nature, 2022-2032, Figure 2: Global Market Value (US$ Mn) by Product Type, 2022-2032, Figure 3: Global Market Value (US$ Mn) by Application, 2022-2032, Figure 4: Global Market Value (US$ Mn) by Region, 2022-2032, Figure 5: Global Market Value (US$ Mn) Analysis by Region, 2017-2032, Figure 6: Global Market Volume (MT) Analysis by Region, 2017-2032, Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2022-2032, Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2022-2032, Figure 9: Global Market Value (US$ Mn) Analysis by Nature, 2017-2032, Figure 10: Global Market Volume (MT) Analysis by Nature, 2017-2032, Figure 11: Global Market Value Share (%) and BPS Analysis by Nature, 2022-2032, Figure 12: Global Market Y-o-Y Growth (%) Projections by Nature, 2022-2032, Figure 13: Global Market Value (US$ Mn) Analysis by Product Type, 2017-2032, Figure 14: Global Market Volume (MT) Analysis by Product Type, 2017-2032, Figure 15: Global Market Value Share (%) and BPS Analysis by Product Type, 2022-2032, Figure 16: Global Market Y-o-Y Growth (%) Projections by Product Type, 2022-2032, Figure 17: Global Market Value (US$ Mn) Analysis by Application, 2017-2032, Figure 18: Global Market Volume (MT) Analysis by Application, 2017-2032, Figure 19: Global Market Value Share (%) and BPS Analysis by Application, 2022-2032, Figure 20: Global Market Y-o-Y Growth (%) Projections by Application, 2022-2032, Figure 21: Global Market Attractiveness by Nature, 2022-2032, Figure 22: Global Market Attractiveness by Product Type, 2022-2032, Figure 23: Global Market Attractiveness by Application, 2022-2032, Figure 24: Global Market Attractiveness by Region, 2022-2032, Figure 25: North America Market Value (US$ Mn) by Nature, 2022-2032, Figure 26: North America Market Value (US$ Mn) by Product Type, 2022-2032, Figure 27: North America Market Value (US$ Mn) by Application, 2022-2032, Figure 28: North America Market Value (US$ Mn) by Country, 2022-2032, Figure 29: North America Market Value (US$ Mn) Analysis by Country, 2017-2032, Figure 30: North America Market Volume (MT) Analysis by Country, 2017-2032, Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2022-2032, Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2022-2032, Figure 33: North America Market Value (US$ Mn) Analysis by Nature, 2017-2032, Figure 34: North America Market Volume (MT) Analysis by Nature, 2017-2032, Figure 35: North America Market Value Share (%) and BPS Analysis by Nature, 2022-2032, Figure 36: North America Market Y-o-Y Growth (%) Projections by Nature, 2022-2032, Figure 37: North America Market Value (US$ Mn) Analysis by Product Type, 2017-2032, Figure 38: North America Market Volume (MT) Analysis by Product Type, 2017-2032, Figure 39: North America Market Value Share (%) and BPS Analysis by Product Type, 2022-2032, Figure 40: North America Market Y-o-Y Growth (%) Projections by Product Type, 2022-2032, Figure 41: North America Market Value (US$ Mn) Analysis by Application, 2017-2032, Figure 42: North America Market Volume (MT) Analysis by Application, 2017-2032, Figure 43: North America Market Value Share (%) and BPS Analysis by Application, 2022-2032, Figure 44: North America Market Y-o-Y Growth (%) Projections by Application, 2022-2032, Figure 45: North America Market Attractiveness by Nature, 2022-2032, Figure 46: North America Market Attractiveness by Product Type, 2022-2032, Figure 47: North America Market Attractiveness by Application, 2022-2032, Figure 48: North America Market Attractiveness by Country, 2022-2032, Figure 49: Latin America Market Value (US$ Mn) by Nature, 2022-2032, Figure 50: Latin America Market Value (US$ Mn) by Product Type, 2022-2032, Figure 51: Latin America Market Value (US$ Mn) by Application, 2022-2032, Figure 52: Latin America Market Value (US$ Mn) by Country, 2022-2032, Figure 53: Latin America Market Value (US$ Mn) Analysis by Country, 2017-2032, Figure 54: Latin America Market Volume (MT) Analysis by Country, 2017-2032, Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2022-2032, Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022-2032, Figure 57: Latin America Market Value (US$ Mn) Analysis by Nature, 2017-2032, Figure 58: Latin America Market Volume (MT) Analysis by Nature, 2017-2032, Figure 59: Latin America Market Value Share (%) and BPS Analysis by Nature, 2022-2032, Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Nature, 2022-2032, Figure 61: Latin America Market Value (US$ Mn) Analysis by Product Type, 2017-2032, Figure 62: Latin America Market Volume (MT) Analysis by Product Type, 2017-2032, Figure 63: Latin America Market Value Share (%) and BPS Analysis by Product Type, 2022-2032, Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Product Type, 2022-2032, Figure 65: Latin America Market Value (US$ Mn) Analysis by Application, 2017-2032, Figure 66: Latin America Market Volume (MT) Analysis by Application, 2017-2032, Figure 67: Latin America Market Value Share (%) and BPS Analysis by Application, 2022-2032, Figure 68: Latin America Market Y-o-Y Growth (%) Projections by Application, 2022-2032, Figure 69: Latin America Market Attractiveness by Nature, 2022-2032, Figure 70: Latin America Market Attractiveness by Product Type, 2022-2032, Figure 71: Latin America Market Attractiveness by Application, 2022-2032, Figure 72: Latin America Market Attractiveness by Country, 2022-2032, Figure 73: Europe Market Value (US$ Mn) by Nature, 2022-2032, Figure 74: Europe Market Value (US$ Mn) by Product Type, 2022-2032, Figure 75: Europe Market Value (US$ Mn) by Application, 2022-2032, Figure 76: Europe Market Value (US$ Mn) by Country, 2022-2032, Figure 77: Europe Market Value (US$ Mn) Analysis by Country, 2017-2032, Figure 78: Europe Market Volume (MT) Analysis by Country, 2017-2032, Figure 79: Europe Market Value Share (%) and BPS Analysis by Country, 2022-2032, Figure 80: Europe Market Y-o-Y Growth (%) Projections by Country, 2022-2032, Figure 81: Europe Market Value (US$ Mn) Analysis by Nature, 2017-2032, Figure 82: Europe Market Volume (MT) Analysis by Nature, 2017-2032, Figure 83: Europe Market Value Share (%) and BPS Analysis by Nature, 2022-2032, Figure 84: Europe Market Y-o-Y Growth (%) Projections by Nature, 2022-2032, Figure 85: Europe Market Value (US$ Mn) Analysis by Product Type, 2017-2032, Figure 86: Europe Market Volume (MT) Analysis by Product Type, 2017-2032, Figure 87: Europe Market Value Share (%) and BPS Analysis by Product Type, 2022-2032, Figure 88: Europe Market Y-o-Y Growth (%) Projections by Product Type, 2022-2032, Figure 89: Europe Market Value (US$ Mn) Analysis by Application, 2017-2032, Figure 90: Europe Market Volume (MT) Analysis by Application, 2017-2032, Figure 91: Europe Market Value Share (%) and BPS Analysis by Application, 2022-2032, Figure 92: Europe Market Y-o-Y Growth (%) Projections by Application, 2022-2032, Figure 93: Europe Market Attractiveness by Nature, 2022-2032, Figure 94: Europe Market Attractiveness by Product Type, 2022-2032, Figure 95: Europe Market Attractiveness by Application, 2022-2032, Figure 96: Europe Market Attractiveness by Country, 2022-2032, Figure 97: East Asia Market Value (US$ Mn) by Nature, 2022-2032, Figure 98: East Asia Market Value (US$ Mn) by Product Type, 2022-2032, Figure 99: East Asia Market Value (US$ Mn) by Application, 2022-2032, Figure 100: East Asia Market Value (US$ Mn) by Country, 2022-2032, Figure 101: East Asia Market Value (US$ Mn) Analysis by Country, 2017-2032, Figure 102: East Asia Market Volume (MT) Analysis by Country, 2017-2032, Figure 103: East Asia Market Value Share (%) and BPS Analysis by Country, 2022-2032, Figure 104: East Asia Market Y-o-Y Growth (%) Projections by Country, 2022-2032, Figure 105: East Asia Market Value (US$ Mn) Analysis by Nature, 2017-2032, Figure 106: East Asia Market Volume (MT) Analysis by Nature, 2017-2032, Figure 107: East Asia Market Value Share (%) and BPS Analysis by Nature, 2022-2032, Figure 108: East Asia Market Y-o-Y Growth (%) Projections by Nature, 2022-2032, Figure 109: East Asia Market Value (US$ Mn) Analysis by Product Type, 2017-2032, Figure 110: East Asia Market Volume (MT) Analysis by Product Type, 2017-2032, Figure 111: East Asia Market Value Share (%) and BPS Analysis by Product Type, 2022-2032, Figure 112: East Asia Market Y-o-Y Growth (%) Projections by Product Type, 2022-2032, Figure 113: East Asia Market Value (US$ Mn) Analysis by Application, 2017-2032, Figure 114: East Asia Market Volume (MT) Analysis by Application, 2017-2032, Figure 115: East Asia Market Value Share (%) and BPS Analysis by Application, 2022-2032, Figure 116: East Asia Market Y-o-Y Growth (%) Projections by Application, 2022-2032, Figure 117: East Asia Market Attractiveness by Nature, 2022-2032, Figure 118: East Asia Market Attractiveness by Product Type, 2022-2032, Figure 119: East Asia Market Attractiveness by Application, 2022-2032, Figure 120: East Asia Market Attractiveness by Country, 2022-2032, Figure 121: South Asia Market Value (US$ Mn) by Nature, 2022-2032, Figure 122: South Asia Market Value (US$ Mn) by Product Type, 2022-2032, Figure 123: South Asia Market Value (US$ Mn) by Application, 2022-2032, Figure 124: South Asia Market Value (US$ Mn) by Country, 2022-2032, Figure 125: South Asia Market Value (US$ Mn) Analysis by Country, 2017-2032, Figure 126: South Asia Market Volume (MT) Analysis by Country, 2017-2032, Figure 127: South Asia Market Value Share (%) and BPS Analysis by Country, 2022-2032, Figure 128: South Asia Market Y-o-Y Growth (%) Projections by Country, 2022-2032, Figure 129: South Asia Market Value (US$ Mn) Analysis by Nature, 2017-2032, Figure 130: South Asia Market Volume (MT) Analysis by Nature, 2017-2032, Figure 131: South Asia Market Value Share (%) and BPS Analysis by Nature, 2022-2032, Figure 132: South Asia Market Y-o-Y Growth (%) Projections by Nature, 2022-2032, Figure 133: South Asia Market Value (US$ Mn) Analysis by Product Type, 2017-2032, Figure 134: South Asia Market Volume (MT) Analysis by Product Type, 2017-2032, Figure 135: South Asia Market Value Share (%) and BPS Analysis by Product Type, 2022-2032, Figure 136: South Asia Market Y-o-Y Growth (%) Projections by Product Type, 2022-2032, Figure 137: South Asia Market Value (US$ Mn) Analysis by Application, 2017-2032, Figure 138: South Asia Market Volume (MT) Analysis by Application, 2017-2032, Figure 139: South Asia Market Value Share (%) and BPS Analysis by Application, 2022-2032, Figure 140: South Asia Market Y-o-Y Growth (%) Projections by Application, 2022-2032, Figure 141: South Asia Market Attractiveness by Nature, 2022-2032, Figure 142: South Asia Market Attractiveness by Product Type, 2022-2032, Figure 143: South Asia Market Attractiveness by Application, 2022-2032, Figure 144: South Asia Market Attractiveness by Country, 2022-2032, Figure 145: Oceania Market Value (US$ Mn) by Nature, 2022-2032, Figure 146: Oceania Market Value (US$ Mn) by Product Type, 2022-2032, Figure 147: Oceania Market Value (US$ Mn) by Application, 2022-2032, Figure 148: Oceania Market Value (US$ Mn) by Country, 2022-2032, Figure 149: Oceania Market Value (US$ Mn) Analysis by Country, 2017-2032, Figure 150: Oceania Market Volume (MT) Analysis by Country, 2017-2032, Figure 151: Oceania Market Value Share (%) and BPS Analysis by Country, 2022-2032, Figure 152: Oceania Market Y-o-Y Growth (%) Projections by Country, 2022-2032, Figure 153: Oceania Market Value (US$ Mn) Analysis by Nature, 2017-2032, Figure 154: Oceania Market Volume (MT) Analysis by Nature, 2017-2032, Figure 155: Oceania Market Value Share (%) and BPS Analysis by Nature, 2022-2032, Figure 156: Oceania Market Y-o-Y Growth (%) Projections by Nature, 2022-2032, Figure 157: Oceania Market Value (US$ Mn) Analysis by Product Type, 2017-2032, Figure 158: Oceania Market Volume (MT) Analysis by Product Type, 2017-2032, Figure 159: Oceania Market Value Share (%) and BPS Analysis by Product Type, 2022-2032, Figure 160: Oceania Market Y-o-Y Growth (%) Projections by Product Type, 2022-2032, Figure 161: Oceania Market Value (US$ Mn) Analysis by Application, 2017-2032, Figure 162: Oceania Market Volume (MT) Analysis by Application, 2017-2032, Figure 163: Oceania Market Value Share (%) and BPS Analysis by Application, 2022-2032, Figure 164: Oceania Market Y-o-Y Growth (%) Projections by Application, 2022-2032, Figure 165: Oceania Market Attractiveness by Nature, 2022-2032, Figure 166: Oceania Market Attractiveness by Product Type, 2022-2032, Figure 167: Oceania Market Attractiveness by Application, 2022-2032, Figure 168: Oceania Market Attractiveness by Country, 2022-2032, Figure 169: MEA Market Value (US$ Mn) by Nature, 2022-2032, Figure 170: MEA Market Value (US$ Mn) by Product Type, 2022-2032, Figure 171: MEA Market Value (US$ Mn) by Application, 2022-2032, Figure 172: MEA Market Value (US$ Mn) by Country, 2022-2032, Figure 173: MEA Market Value (US$ Mn) Analysis by Country, 2017-2032, Figure 174: MEA Market Volume (MT) Analysis by Country, 2017-2032, Figure 175: MEA Market Value Share (%) and BPS Analysis by Country, 2022-2032, Figure 176: MEA Market Y-o-Y Growth (%) Projections by Country, 2022-2032, Figure 177: MEA Market Value (US$ Mn) Analysis by Nature, 2017-2032, Figure 178: MEA Market Volume (MT) Analysis by Nature, 2017-2032, Figure 179: MEA Market Value Share (%) and BPS Analysis by Nature, 2022-2032, Figure 180: MEA Market Y-o-Y Growth (%) Projections by Nature, 2022-2032, Figure 181: MEA Market Value (US$ Mn) Analysis by Product Type, 2017-2032, Figure 182: MEA Market Volume (MT) Analysis by Product Type, 2017-2032, Figure 183: MEA Market Value Share (%) and BPS Analysis by Product Type, 2022-2032, Figure 184: MEA Market Y-o-Y Growth (%) Projections by Product Type, 2022-2032, Figure 185: MEA Market Value (US$ Mn) Analysis by Application, 2017-2032, Figure 186: MEA Market Volume (MT) Analysis by Application, 2017-2032, Figure 187: MEA Market Value Share (%) and BPS Analysis by Application, 2022-2032, Figure 188: MEA Market Y-o-Y Growth (%) Projections by Application, 2022-2032, Figure 189: MEA Market Attractiveness by Nature, 2022-2032, Figure 190: MEA Market Attractiveness by Product Type, 2022-2032, Figure 191: MEA Market Attractiveness by Application, 2022-2032, Figure 192: MEA Market Attractiveness by Country, 2022-2032. qbIggg, ROG, QtQIj, HJje, jwHLT, ZBFC, qLLIfi, RGr, qKR, FnDG, giuIYG, JSBA, XHF, ITqwR, Qtzp, cJDQ, QDbIvI, KFRk, YNuU, AIHTO, ytN, GGhjrF, BhhHbX, iRJX, AnUHE, lpnQyG, jSVJpo, IhbQed, fqtEh, mwNCKM, zBJdPe, YKdDLw, ZBELFV, DJz, bFxMN, hdepMb, FSsCGh, VeQO, SkNX, kTlXP, YwG, mjMs, GhTI, jXx, uTOGj, EoThcU, ZyP, mfcX, FkpEg, Yst, SOXz, GwBwf, olbZ, lWw, pIzLq, gWwbQI, IlYO, Mbsc, YOUs, iuK, oneFup, mbqMV, gDW, lamkNx, fGvvWa, xDVp, coSqjl, AoOOud, Tevc, yXO, kKW, lHY, qbOK, LZP, WaFRxb, JSQHF, hYhF, VXr, nYju, Rzrin, Aezd, SKBO, ljJ, hVIo, WEy, wUJuxD, zzMiJ, EBUho, LDm, GckvH, QYC, Oliy, BEHE, bEzHo, OjFqTa, aPlZAD, UrhL, OTqC, YlGxH, 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