Newark, Del.: September 25, 2023 (Globe Newswire) — Global Halal Nutritional Supplements and Vaccines Market Becomes Valuable US$ 137,390.9 millionmillions of According to our food and beverage industry experts, Halal nutritional supplements and vaccine suppliers: CAGR of 7.6% By 2033, the current valuation is 66,266.9 million USDmillions of In 2023.
The Halal nutritional supplements and vaccines market represents an important intersection of dietary health and medical ethics, serving the needs of Muslims around the world whose dietary and pharmaceutical preferences comply with Islamic dietary laws. This market is experiencing significant growth due to the increasing demand for products that are in line with halal principles. Halal dietary supplements provide consumers with access to supplements, functional foods, and beverages that comply with Halal standards and ensure that religious dietary requirements are met.
Halal nutritional supplements and vaccines are important domestic products that have penetrated almost every sector of society, leading to a robust and growing global halal nutritional supplements and vaccines market. Manufacturers are rapidly moving into several other markets due to the growing Muslim population in countries such as Indonesia, Malaysia, Singapore, and Asia-Pacific countries excluding Japan (APEJ).
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The demand for Halal certified products is rapidly increasing across APEJ and is expected to record an impressive market index of over 6.2 during the forecast period, strengthening the market demand. More than 80% of the global Halal nutritional supplements and vaccines market revenue is expected to be collectively accounted for by the Middle East and Africa (MEA) and his APEJ. Favorable government initiatives and campaigns being undertaken to encourage halal products are also projected to benefit the global market. Growth prospects remain positive in the coming years, supported by increasing demand for halal nutritional supplements. High demand is expected for hospital pharmacies and retail pharmacies.of
Halal nutritional supplements and vaccines are crucial in meeting diverse medical needs while adhering to Islamic dietary and ethical principles. These products combine the benefits of modern science and technology with compliance with Halal requirements to address a global audience and contribute to improving accessibility and inclusiveness in healthcare.. – Analysis by FMI, Principal Research Analyst
- Government initiatives across the world are expected to favor the global halal nutritional supplements and vaccines market as they will promote consumption of halal products and result in increased demand. Additionally, the increasing demand among Muslims will stimulate the demand for halal nutritional supplements.
- According to World and Population Trends, by 2023, the global Muslim population is expected to reach more than 2.2 billion people worldwide. With increasing awareness about halal ingredients and the prevalence of lifestyle-related diseases, people are choosing halal nutritional supplements for overall health, weight loss, and more.
- Efforts by governments in countries with large Muslim populations are rapidly increasing, significantly encouraging investment in the production of halal products, which should improve growth. Additionally, the introduction of unified certification of Halal products across Malaysia, India, Singapore and other Asia-Pacific countries excluding Japan (APEJ) countries and increased funding is expected to accelerate growth during the forecast period.
- The Malaysian government under the Ministry of International Trade and Industry has developed halal products and services to promote halal products and make Malaysia a halal hub. These initiatives are expected to drive market growth and generate favorable returns for market participants particularly in APEJ and across MEA.
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Halal Nutritional Supplements and Vaccines Market Size:
|Halal nutritional supplements and vaccines market size, 2022||62,510.6 million USD|
|Halal nutritional supplements and vaccines market size, 2023||66,266.9 million USD|
|Halal nutritional supplements and vaccines market size, 2033||1,373,990,900,000 USD|
|CAGR of value (2023-2033)||7.6%|
Manufacturers are rapidly adopting various marketing strategies such as new product launches, geographic expansion, mergers and acquisitions, partnerships, and collaborations to identify the interest of potential buyers and build a larger customer base. doing.
- Abbott Laboratories
- Herbalife International of America, Inc.
- AJ Biologics SDN BHD.
- Agropool Co., Ltd.
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Halal Nutritional Supplements and Vaccines Market Segmentation:
By product type:
- halal nutritional supplements
- halal vaccine
By distribution channel:
- hospital pharmacy
- retail pharmacy
- online sales
- sports nutrition
- general health condition
- Immune and digestive health
- bone and joint health
- heart health
- disease prevention
- weight loss
- North America
- latin america
- eastern europe
- western europe
- Asia Pacific region excluding Japan
- Middle East and Africa (MEA)
Sabyasachi Ghosh (Vice President, Future Market Insights, Inc.) has over 12 years of experience in the healthcare, medical device, and pharmaceutical industries. His curiosity and analytical skills helped shape his career as a researcher.
It comes naturally to him to identify the key challenges faced by his clients and develop robust, hypothesis-based solutions to empower them with strategic decision-making capabilities. His main expertise lies in the areas of market entry and expansion strategies, feasibility studies, competitive intelligence, and strategic transformation.
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