Halal Nutraceuticals and Vaccines Market - By Product Type (Halal Vaccines, Halal Dietary Nutraceutical), By Distribution Channel (Retail Pharmacies, Hospital Pharmacies, Super Markets, Online Sales), By Application (General Health, Sports Nutrition, Bone Health, Disease Prevention, Weight Loss, Heart Health) - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

DFS020382  | 
: Life Sciences & Healthcare  | 
Mar-2024  | 
Upcoming  | 
Pages: NA  | 
Tables: NA  | 
Figures: NA
We’ve been tracking the direct impact of COVID-19 on this market, as well as the indirect impact from other industries. The report will incorporate these insights.

Halal Nutraceuticals and Vaccines Market size held USD 46051.2 million in 2020 and is to grow with a CAGR over 7.5% from 2020-2030. Halal medications include nutraceutical and vaccines constituents adhering with Shariah (Islamic religion) rule. Halal products are made by abiding to Good Manufacturing Practices principles with affirmed halal crude materials. Halal nutraceuticals are obtained from halal food origins that offer high dietary gains & medical advantages. They can be grouped into the dietary supplement, processed food and functional food categories. Dietary supplements are characterized as capsules or fluidss containing supplements found in food, for example, vitamins, minerals, herbs, botanicals and amino acids. They are utilized supplement alongwith regular diet. Halal vaccines don't contain liquor or crude materials from porcine source and are non-harmful. They are handled in discrete assembling units to maintain a strategic distance from any contamination.

Market Dynamics and Factors:

Government programs to advance halal product and expanding interest among Muslim populace are main considerations driving the halal nutraceuticals and vaccines market growth. These programs are seen in different nations with a high Muslim populace and incorporate improvement of administrative support, necessary infrastructure, boosting halal products investments & services, reception of uniform accreditation the nation over,  and special incentives. For example, in Malaysia, the Ministry of International Trade and Industry (MITI) creates halal pharmaceutical and administrations to make the nation a halal center point. MITI's drives incorporate receiving a normalized logo, smoothing out procedure and expenses, launching promotional activities and offering special incentives. Likewise, halal pharmaceuticals are driven by the requirements and inclinations which is estimated to 1.6 billion Muslims around the world, expected to develop by 1.6% every year, representing 29% of the total populace. In any case, considers, for example, challenges terms of creating substitutes for halal constituents in pharmaceutical, high investments in expanding manufacturing plants, and the absence of adequate international norms are foreseen to hamper the halal nutraceuticals and vaccines demand.  

Market Segmentation:

Based on the product type, the Halal Nutraceuticals and Vaccines industry is segmented into Halal vaccines and Halal dietary nutraceutical. On the basis of application, the halal nutraceuticals and vaccines market trends varies into General health, Sports nutrition, Bone health, Disease prevention, Weight loss and Heart health. On the basis of distribution channels, the halal nutraceuticals and vaccines market is segmented into the Retail pharmacies, Hospital pharmacies, Super markets and Online sales. Geographical breakdown and analysis of each of the aforementioned segments in halal nutraceuticals and vaccines market includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographic Analysis:

Asia Pacific halal nutraceuticals and vaccines market is a significant market and anticipated to stay predominant over the forecasted time frame, by virtue of the rising interest for halal-ensured dietary supplements, for example, fish oil, calcium, and protein powder in the region. MEA halal nutraceuticals and vaccines market is likewise prone to be a rewarding regional market attributable to high products demand from Saudi Arabia, the U.A.E., and Kuwait. Europe is third driving region for halal nutraceuticals and vaccines. France be regarded as a significant market. Halal-guaranteed dietary supplements which support immune system & reinforce psychological well-being are key products favored by customers in the nation. However, low Muslim populace and product awareness about halal products limit the market in North America and Latin America. The halal nutraceuticals and vaccines market in these regions is assessed to observe sluggish growth, impelled by the U.S., Canada, and Brazil. Mexico and Brazil are anticipated to show extensive potential because of the rising awareness about halal products in these nations.

Competitive Scenario:

Global halal nutraceuticals and vaccines market, is highly competitive, consists of a few major players. In terms of halal nutraceuticals and vaccines market share, few major players are dominating the market. Key halal nutraceuticals and vaccines market participants are also expanding their manufacturing facilities to cater to growing demand for this drug globally. Key players enhancing the global halal nutraceuticals and vaccines market size include Amway, Abbott Laboratories, AJ Biologics, Agropur, Inc., PT Kalbe Farma, NoorVitamins and Kotra Pharma.

Halal Nutraceuticals and Vaccines Market  Report Scope

Report Attribute

Details

Analysis Period

2020–2030

Base Year

2021

Forecast Period

2022–2030

Market Size Estimation

Million (USD)

Growth Rate (CAGR%)

7.5 %

Market Segmentation:

By Product Type (Halal Vaccines, Halal Dietary Nutraceutical), By Distribution Channel (Retail Pharmacies, Hospital Pharmacies, Super Markets, Online Sales), By Application (General Health, Sports Nutrition, Bone Health, Disease Prevention, Weight Loss, Heart Health)

Geographical Segmentation

North America (U.S., Canada, Mexico) Europe (UK, Germany, Italy, France, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), South America (Brazil, Argentina, Rest of SA), MEA (UAE, Saudi Arabia, South Africa)

Key Companies Profiled

Amway, Abbott Laboratories, AJ Biologics, Agropur, Inc., PT Kalbe Farma, NoorVitamins and Kotra Pharma.


TOC REQUEST


KEY MARKET SEGMENTS:

  • Global Halal Nutraceuticals and Vaccines Market – By Product Type
    • Halal dietary nutraceuticals
    • Halal vaccines
  • Global Halal Nutraceuticals and Vaccines Market – By Distribution Channel
    • Hospital pharmacies
    • Retail pharmacies
    • Online sales
    • Super markets
  • Global Halal Nutraceuticals and Vaccines Market – By Application
    • Sports nutrition
    • General well being
    • Bone health
    • Heart health
    • Disease prevention
    • Weight loss
  • Global Halal nutraceuticals and vaccines Market – By Geography
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • U.K.
      • France
      • Germany
      • Italy
      • Rest of Europe
    • Asia-Pacific
      • Japan
      • China
      • India
      • Australia
      • Rest of Asia Pacific
    • ROW
      • Latin America
      • Middle East
      • Africa

 


KEY PLAYERS
o    Amway
o    Abbott Laboratories
o    AJ Biologics Sdn Bhd.
o    Chemical Company of Malaysia Berhad
o    Agropur, Inc.
o    PT Kalbe Farma Tbk
o    NoorVitamins
o    Kotra Pharma (M) Sdn Bhd.


 


 
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