Halal Nutraceuticals and Vaccines Market by Type (Halal Dietary Nutraceuticals, Halal Vaccines), Application (Sports Nutrition, General Well-Being, Immune & Digestive Health, Bone & Joint Health, Heart Health, Weight Loss) - Global Analysis & Forecast 2019-2030
Report ID : 116 | Published Date : May 2020 | Pages : 230 | Region : Global | Report Code : PH-6
Halal Nutraceuticals and Vaccines Market Overview and Introduction
Global Halal Nutraceuticals and Vaccines Market is estimated to be over US$ 39,849.6 Million in 2018. It is anticipated to grow at a 7.8% CAGR from 2019 to 2030.
Halal nutraceuticals provide high nutritional value and health benefits and they are derived from halal food sources. They can be classified into dietary supplements and processed foods. Halal vaccines are non-toxic and do not contain alcohol or raw materials from porcine origin. Also, halal vaccines are processed or manufactured in separate unit to avoid cross contamination.
The global halal nutraceuticals and vaccines market is driven by rising Muslim population globally, rising demand for halal products, and increased government initiatives to promote halal products. However, lack of suitable infrastructure to avoid cross-contamination between halal and non-halal production lines, and lack of adequate halal advisory & certification agencies to approve medical products are factors restraining the market to certain extent.
Halal Nutraceuticals and Vaccines Market by Type
On basis of type, the halal nutraceuticals and vaccines market is segmented into Halal dietary nutraceuticals, and Halal Vaccine. The halal dietary nutraceuticals segment is estimated to account for the largest share in the global halal nutraceuticals and vaccines market. The large share of this segment can be attributed to the growing demand for dietary supplements and its health benefits.
Halal Nutraceuticals and Vaccines Market by Application
On the basis of application, the market can be segmented into sports nutrition, general well-being, immune & digestive health, bone & joint health, heart health, weight loss, and other applications.
Halal Nutraceuticals and Vaccines Market by Region
On the basis of region, the global halal nutraceuticals and vaccines market can be segmented into North America, Europe, Asia Pacific, and Rest of World (ROW). Asia Pacific dominated the market of halal nutraceuticals and vaccines, followed by Europe and North America. Asia Pacific will continue to dominate the global halal nutraceuticals and vaccines market in the forecast period owing to factors such as rising Muslim population and rising demand for consumption of halal certified dietary supplements.
Halal Nutraceuticals and Vaccines Market Prominent Players
The prominent players in the global halal nutraceuticals and vaccines market are Chemical Company of Malaysia Berhad, NoorVitamins, PT Kalbe Farma Tbk, AJ Biologics Sdn Bhd, Kotra Pharma (M) Sdn Bhd, Abbott Laboratories, Agropur, Inc., Amway, Sky Resources Group of Companies among others.