What is Halal Nutraceuticals & Vaccines?
Halal pharmaceuticals include vaccines and nutraceuticals comprising ingredients that are obedient to the Shariah (Islamic religious) law. Halal products are produced by following the Good Manufacturing Practices (GMP) standards with permitted halal raw materials. Halal nutraceuticals are derived from halal food sources that offer high nutritional value and health benefits and are extracted from plants and animals. They are consumed as a supplement to the regular diet of the consumer. Halal vaccines do not contain alcohol or raw materials from a porcine source and are non-toxic. They are treated in separate manufacturing units to evade any cross-contamination.
The market study is broken down by Type (Halal Dietary Supplements and Halal Vaccines), by Application (Sports Nutrition, General Wellbeing, Immune & Digestive Health, Bone & Joint Health, Heart Health, Disease Prevention, Weight Loss and Other) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that Players from United States will contribute to the maximum growth of Global Halal Nutraceuticals & Vaccines market throughout the predicted period.
Abbott Laboratories (United States), Amway (United States), Agropur, Inc. (United States), Chemical Company of Malaysia Berhad (Malaysia), PT Kalbe Farma Tbk (Indonesia), Kotra Pharma (M) Sdn Bhd (Malaysia), NoorVitamins (United States), Nestle (Switzerland), Herbalife International of America (United States), AJ Biologics (Malaysia) and Agropur (Canada) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Halal Nutraceuticals & Vaccines market by Type, Application and Region.
On the basis of geography, the market of Halal Nutraceuticals & Vaccines has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Pharmacies will boost the Halal Nutraceuticals & Vaccines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form Type, the sub-segment i.e. Powder will boost the Halal Nutraceuticals & Vaccines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Extraction Source, the sub-segment i.e. Plant-Based will boost the Halal Nutraceuticals & Vaccines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
The Muslim authority of the exporting country in which it is certified that a certain agri-food or pharmaceutical product fulfills the requirements demanded by the Islamic Law for its consumption by the Muslim population.
- Government initiatives to Promote Halal Products in Various Countries
- Non-Oic Countries are Increasingly Relying on the Halal Food Industry
- The Increase in the Muslim Population is Contributing to Rise in Demand for Halal Nutraceuticals & Vaccines
- Unaddressed High-Potential Product Segments for Halal Ingredients
- Lack of Uniformity for Halal Standards in Different Countries
- There are No Common Standards and Being Halal-Certified Does Not Guarantee Access to the Global Market
Key Target AudienceManufacturers of Halal Nutraceuticals & Vaccines, Suppliers of Halal Nutraceuticals & Vaccines, Wholesalers, Distributors and Retailers of Halal Nutraceuticals & Vaccines, Raw Material Providers, Pharmaceutical Industry and Government Regulatory Bodies
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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