Halal Ingredient Market
Definition
Halal, which means "lawful or permitted," is a dietary rule that comes from Islamic traditions. Conversely, meals that do not meet the halal standard are regarded as haram, or "not permitted." It's critical to accommodate a wide range of people and their dietary needs because there are several culturally varied locations in the world and more are likely to emerge in the future. Whatever is allowed by Islamic law is referred to as "halal." Halal cuisine denotes that it is pure and free of any dangerous or prohibited elements, such as blood, alcohol, or pork.
Islamic customs dictate that animals must be killed humanely and that halal food must be prepared in a hygienic environment. Most academics define halal seafood as any kind of fish, shrimp, crab, lobster, and almost any other sort of completely aquatic animal. Dairy products and eggs are likewise regarded as Halal as long as they are produced by Halal animals that aren't given any illegal chemicals. Any food that satisfies the requirements of Islamic law, as stated in the Quran, is considered halal. According to Islamic dietary regulations, unless specifically indicated otherwise, all foods and beverages are regarded as Halal. These regulations help Muslims all across the world determine whether items are Halal and satisfy their dietary needs in line with Islamic principles.

Key Players
ADM (United States)
Ashland (United States)
BASF (Germany)
Cargill (United States)
DowDupont (United States)
Iba Cosmetics (India)
INGLOT Cosmetics (Poland)
Kerry (Ireland)
Koninklijke DSM N.V. (Netherlands)
PHB Ethical Beauty Ltd (United Kingdom)
PROLAB COSMETICS (Canada)
Purecircle Limited (United States)
SirehEmas Marketing Sdn Bhd (Malaysia)
Solvay S.A. (Belgium)
Symrise (Germany)
TALENT COSMETICS (South Korea)
Tuesday in Love (Canada)
Wardah (Ivory Coast)
Wipro Unza Holdings Ltd. (Malaysia)

Segmentation
•    By Type
o    Non-Food Ingredients
o    Food Ingredient
•    By Source
o    Plant-Based Ingredients
o    Animal-Based Ingredients
•    By Application 
o    Food Industry
o    Beverage Industry
o    Cosmetics
o    Pharmaceutical Industry

Market Dynamics
Driver 
The market for halal ingredients is significantly influenced by the growing Muslim population around the world, which expands the pool of potential customers for halal goods. People are becoming more aware of the advantages eating halal food has for their health. Because of the rigorous Zabihah slaughtering method, which guarantees that the majority of the blood is removed from the veins, halal meat is frequently regarded as cleaner and healthier.
The market may expand as a result of halal certification, which is the official acknowledgement by a reliable body that a food product, its ingredients, and the manufacturing process adhere to the fundamentals of Islamic dietary requirements. For Muslims, this certification provides a trustworthy way to find products that are allowed to be consumed in accordance with Islamic law. Certification is crucial in guaranteeing that food is really Halal. Restraints
The first problem is ignorance of the dietary rules for Halal cuisine. The applicant (company owner) and the authorities (Halal certifying organization) are the two parties at odds.

It's possible that the applicant is unfamiliar with the Halal certification procedure. Delays in obtaining and submitting supporting documentation or internal ownership of handling Halal affairs, such as setting up payment purchase orders and complying with compliance standards, may result from this. The halal industry also has to contend with the perceived expense of compliance. The expenses related to procuring ingredients for Halal items, manufacturing them, and providing staff training may be a determining factor, and they may differ according on the nation where the products are being manufactured.
The halal food business occasionally faces the real or prospective difficulty of food fraud. This might happen if a product is misrepresented in advertisements as being halal when it isn't. This may occur on purpose or as a result of the producer's ignorance.

Opportunity
The burgeoning halal certification agencies and organizations offer prospects for additional items to obtain halal certification, thus broadening the market. The majority of halal items are natural, with an emphasis on culinary and herbal/botanical elements. A wide selection of skin actives, vitamins, UV filters, and performance components for various personal care applications are all part of DSM's completely traceable halal ingredient portfolio. For firms who want to include more people in their goods and be transparent about the ingredients and where they come from, this certification opens up new possibilities. Major Islamic authorities worldwide continue to recognize halal certification, which is still growing.

Recent Industry Insight
On Sep. 2019, Brand-new Halal Cosmetics Zone to launch at in-cosmetics Asia 2019
On June 2021, Merck receives Halal certifications for cosmetics effect and care solutions portfolio
On May 2023, Qeblawi Cosmetics Launches Online Store Offering Halal-Certified Beauty Products
On September 2023, Plant-based brand La Vie announces €1M crowdfunding campaign and launches vegan ham
On November 2021, Roquette, announced the launched of its ready-to-use, pharmaceutical grade solution for vegetarian softgel capsule formulation – LYCAGEL-PREMIX.
On Mar. 2023, Metz Culinary Management finds success with halal dining pilot

Recent Acquisition and Merger
On January 2021, Agthia enters halal processed protein sector with Nabil Foods acquisition
On May 2023, IMCD Malaysia acquires Euro Chemo-Pharma to accelerate growth in life science markets

Key Target Audience
End User
Potential Investors
New Entrants
Innovation and R&D
Suppliers and Manufacturers
Others