At 31.5% CAGR, Halal Nutraceuticals and Vaccines Market to Surpass US$ 88,511.3 Million by 2027 | Abbott Laboratories, Nestlé, Amway, Herbalife International of America, Inc. etc | Finds, Coherent Market Insights

Halal vaccines are products in compliance with Shariah law and do not contain any raw materials from porcine origin, alcohol, and are non-toxic. Halal vaccines are processed in separate manufacturing units to avoid any cross contamination.

The global halal nutraceuticals & vaccines market is estimated to account for US$ 49,345.7 Mn in terms of value in 2019 and is expected to reach US$ 88,511.3 Mn by the end of 2027.

Global Halal Nutraceuticals & Vaccines Market: Drivers

Newly conceived concept of halalopathy, which combines religion and modern science, with a core emphasis on the purity — halal/tayyib — of the ingredients used in medicine and food to enhance a patient’s recovery in line with their beliefs, is expected to aid in growth of the market.

“We Do Offer Sample of this report. Kindly go through the follow information in order to access sample copy.”
Note- This report sample includes:
– Brief Introduction to the research report.
– Table of Contents (Scope covered as a part of the study)
– Top players in the market
– Research framework (structure of the report)
– Research methodology adopted by Coherent Market Insights

GET SAMPLE COPY OF HALAL NUTRACEUTICALS & VACCINES MARKET ANALYSIS Research Report- Global forecast till 2027 @ https://www.coherentmarketinsights.com/insight/request-sample/3475

Global Halal Nutraceuticals & Vaccines Market: Opportunities

Establishment of e-commerce-based distribution channel is expected to offer lucrative growth opportunities for players in the market. E-commerce portals direct the users towards verified sellers and reduces the chances of misguidance from manufacturers, which claim to be halal certified. Moreover, users can verify a product as halal or non-halal by viewing the halal certificate from the websites issued by the certified halal agency.

Global Halal Nutraceuticals & Vaccines Market: Restraints 

High capital investment required for dedicated production facilities is expected to hinder growth of the global halal nutraceuticals & vaccines market. During the manufacturing of halal pharmaceuticals, dedicated equipment must be used in order to avoid any exposure with non-halal products. Hygienic conditions must be maintained in the production facility, according to Shariah law.

Key Takeaways:

The vaccines segment in the global halal nutraceuticals & vaccines market was valued at US$ 91.4 Mn in 2018 and is expected to reach US$ 1,069.3 Mn by 2027 at a CAGR of 31.5% during the forecast period. Increasing development of halal certified vaccines is expected to support growth of the segment over the forecast period. For instance, world’s first halal vaccines manufacturing plant started operations in 2018 in Malaysia.

Special Requirements?
We value your investment and offer customization as per your requirements.

Share your precise requirements @ https://www.coherentmarketinsights.com/insight/request-customization/3475

The hospital pharmacies segment held dominant position in the global halal nutraceuticals & vaccines market in 2018, accounting for 37.9% share in terms of value, followed by retail pharmacies and online sales, respectively. Hospital pharmacies keep a stock of variety of dietary supplements, and other roduct which is expected to support growth of the segment over the forecast period.

Asia Pacific region held dominant position in the global halal nutraceuticals & vaccines market in 2018, accounting for 62.7% share in terms of value, followed by Middle East, and Africa. Large Muslim population coupled with increasing focus of manufacturers towards introduction of halal products in the region is expected to support growth of the segment over the forecast period.

Market Trends

Several manufacturers avoid marketing halal nutraceuticals & vaccines in order to cater to wider markets, especially non-Muslim markets. Moreover, manufacturers also avoid labelling halal products in Muslim-minority markets with the fear of losing customers who are not religious.

To know the latest trends and insights related to Halal Nutraceuticals & Vaccines Market Press Release: https://www.coherentmarketinsights.com/press-release/halal-nutraceuticals-and-vaccines-market-2818

Limited range of products available has led some countries such as Indonesia to delay compulsory halal certification for pharmaceuticals products until 2024.

Regulations

Middle East & Africa

• UAE: Emirates Global Centre for Accreditation is an initiative to accredit halal products and services according to national & international standards
• Following are the national bodies of countries that regulate halal nutraceuticals & vaccines
  • UAE–Dubai Islamic Economy Development Centre
  • South Africa- National Independent Halal Trust (NIHT), South African National Halal Authority (SANHA), South Africa- National Independent Halal Trust (NIHT), Muslim Judicial Council Halal Trust (MJCHT), and The Islamic Council of South Africa
  • Kenya- Kenya Bureau of Halal Certification

Global Halal Nutraceuticals & Vaccines Market: Competitive Landscape

Major players operating in the global halal nutraceuticals & vaccines market include, Chemical Company of Malaysia Berhad, Abbott Laboratories, Nestlé, Amway, Herbalife International of America, Inc., AJ Biologics Sdn Bhd., Agropur, Inc. (Davisco Business Unit), PT Kalbe Farma Tbk, Kotra Pharma (M) Sdn Bhd, and NoorVitamins.

Access research reports that are tailored specifically for you and your organization in order to explore practical growth strategies and recommendations
Buy-Now this Research Report @ https://www.coherentmarketinsights.com/insight/buy-now/3475

Global Halal Nutraceuticals & Vaccines Market: Key Developments

October 2019:Ashland signed a licensing agreement with Clasado BioSciences to expand health and wellness portfolio with Bimuno prebiotics

March 2018: BioCell Technology, LLC announced that its healthy aging ingredient BioCell collagen is available halal certified

Segmentation

• By Product Type
  • Vaccines
  • Dietary Supplements
• By Distribution Channel
  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Sales
  • Super Markets
• By Application
  • Sports Nutrition
  • General Well-Being
  • Immune and Digestive Health
  • Bone & Joint Health
  • Heart Health
  • Disease Prevention
  • Weight Loss
• By Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

To know more about us, please visit our website – www.coherentmarketinsights.com

Contact:
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

This content has been distributed via CDN Newswire press release distribution service. For press release enquires please mail us at contact@cdnnewswire.com.