Halal Nutraceuticals and Vaccines to be a US$ 82 Bn Market by 2026

Friday, January 27, 2017 Drug News
Email Print This Page Comment bookmark
Font : A-A+

VALLEY COTTAGE, New York, January 27, 2017 /PRNewswire/ --

A majority of global consumers for halal products are concentrated in APEJ and the Middle East & Africa (MEA) regions, with some of the prominent Halal Certifying Agencies located in countries such as Malaysia, Indonesia, UAE and Saudi Arabia.


Acceptance of halal nutraceuticals & vaccines is expected to remain higher in APEJ and MEA regions, pertaining to the prevalent Muslim populations in their constituent countries. The global demand for halal nutraceuticals & vaccines

will continue to be associated with acceptance of halal methods over other production methods. Regions such as North America, Latin America, Eastern Europe and Western Europe are less likely to become lucrative markets for halal nutraceuticals & vaccines, considering the consumer preferences for alternative vaccines and nutraceuticals in these regions. In 2015, revenues amassed from sales of halal nutraceuticals & vaccines in APEJ as well as MEA region surpassed over US$ 30 billion.

     (Logo: http://photos.prnewswire.com/prnh/20161020/430874LOGO )

Request a Sample Report with Table of Contents: http://www.futuremarketinsights.com/reports/sample/rep-gb-2703

According to research report compiled by Future Market Insights, the global halal nutraceuticals & vaccines market, which is currently valued at US$ 39,265 million, is projected to expand at a 7.7% CAGR and reach US$ 82,207 million over the forecast period, 2016-2026. More than 80% of global halal nutraceuticals & vaccines revenues will be accounted by the MEA and APEJ region collectively. Over the next decade, expanding the potential of global market beyond Muslim consumers will compel companies to urge multiple drug regulatory bodies and halal certifying agencies in the world for devising methods to produce halal nutraceuticals & vaccines for vegetarian consumers. Government initiatives for promotion of halal medications will also benefit the global halal nutraceuticals & vaccines market to a considerable extent.

Future Market Insights' report, titled "Halal Nutraceuticals & Vaccines Market: Global Industry Analysis & Opportunity Assessment, 2016-2026," also delivers key research findings that indicate factors which are likely to inhibit the growth of global halal nutraceuticals & vaccines market. While lack of universal acceptance to halal products restrains an overall growth in the global demand for halal nutraceuticals & vaccines, limited sources for obtaining halal complaint ingredients is also expected to a major growth deterrent. High production costs for halal compliance and increasing presence of halal ingredients substitutes are also projected curb the production of halal nutraceuticals & vaccines by global leaders in pharmaceuticals industry.

Preview Analysis on Global Halal Nutraceuticals & Vaccines Market Segmentation By Products - Halal Dietary Supplements, Halal Vaccines; By Distribution Channel - Hospital Pharmacies, Retail Pharmacies, Online Sales and Super Markets; By Applications - Sports Nutrition, General Wellbeing, Immune & Digestive Health, Bone & Joint Health, Heart Health, Disease Prevention and Weight Loss: http://www.futuremarketinsights.com/reports/halal-nutraceuticals-and-vaccines-market

Leading Manufacturers of Halal Nutraceuticals & Vaccines 

Production of nutraceuticals and vaccines in compliance with halal methods becomes an intricate task for manufacturers, compelling them to induce more technological advancements in their production techniques. Companies manufacturing halal nutraceuticals & vaccines are obligated to work in accordance to the production regulations set by halal certifying agencies such as European Institute of Halal Certification (Germany), Global Halal Certification (UK), Halal Industry Development Corporation (Malaysia), and Saudi Food & Drug Authority (Saudi Arabia), among others. Such an interdependency might restrict manufacturers from producing halal nutraceuticals & vaccines at reduced costs, or even coerce the halal certifying agencies for approving certain techniques mounted by multiple dominant market players.

Abbot Laboratories and Herbalife International of America, Inc. are two leading companies participating in the growth of global halal nutraceuticals & vaccines market. While Abbott Labs are expected to focus on producing halal nutraceuticals & vaccines for infants, women and specific therapeutic nutrition, Herbalife is directing its business measures more towards consumer awareness through promotional campaigns. Multinational F&B company like Nestlé S.A. and home care products conglomerate Amway are also increasing their presence in the global halal nutraceuticals & vaccines market. Chemical Company of Malaysia Berhad, PT Kalbe Farma Tbk, NoorVitamins, AJ Biologics Sdn Bhd., Agropur, Inc., and Kotra Pharma (M) Sdn Bhd, are also recognized as the leading companies in the global halal nutraceuticals & vaccines market.

Speak with Analyst for any Report Related Queries: http://www.futuremarketinsights.com/askus/rep-gb-2703

Key Research Excerpts on Global Halal Nutraceuticals & Vaccines Market:  

  • Several global regulatory bodies such as the FDA are yet to approve commercialization of halal-certified vaccines, which is why vaccine products are less likely to enter the global market before 2018.
  • Hospital pharmacies and retail pharmacies will remain the dominant distribution channels for halal nutraceuticals & vaccines through 2026, accounting for over US$ 50 billion in revenues towards the close of the forecast period.
  • By 2026, global revenues generated from sales of halal nutraceuticals & vaccines for disease prevention applications will expand at the fastest CAGR - 9.2%.

More From FMI's Cutting-edge Intelligence: 

  • Special Purpose Needles Market Segmentation By Product Type - Fine Aspirating Needles, Biopsy Needles, Hypodermic Needles, Pen Needles, Suture Needles, and Others; By Application - Sample Collection, Drug Delivery; By Distribution Channel - Hospital Pharmacies, Private Clinics, Retail Pharmacies and Drug Stores, E-Commerce: http://www.futuremarketinsights.com/reports/special-purpose-needles-market
  • Coronary Stents Market Segmentation By Product Type - Drug Eluting Stent, Bare Metal Stent, Bioresorbable Vascular Stent; By Raw Material - Cobalt Chromium, Stainless Steel, Platinum-Chromium, Nickel-Titanium, Polymer; By End Use - Hospitals, Ambulatory Surgical Centres, Cardiac Catheterisation Laboratories: http://www.futuremarketinsights.com/reports/coronary-stents-market
  • Ophthalmic Lasers Market Segmentation By Product Type - Photo-coagulation Lasers, Photo-disruption Lasers, Selective Laser Trabeculoplasty; By Disease Type - Diabetic Retinopathy, Glaucoma Surgery, Cataract Surgery; By End User - Hospitals, Ambulatory Surgical Centres, Ophthalmic Clinics: http://www.futuremarketinsights.com/reports/ophthalmic-lasers-therapeutic-market

About Us 

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Browse More Healthcare, Pharmaceuticals and Medical devices Market Insights

Contact Us 616 Corporate Way, Suite 2-9018, Valley Cottage, NY 10989, United States T: +1-347-918-3531 F: +1-845-579-5705 T (UK): + 44 (0) 20 7692 8790 Sales: sales@futuremarketinsights.com Press Office: Press@futuremrketinsights.com


: http://www.futuremarketinsights.com

SOURCE Future Market Insights


Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions

News A - Z


News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor

Press Release Category

Press Release Archive

Stay Connected

  • Available on the Android Market
  • Available on the App Store