HALAL NUTRACEUTICALS AND VACCINES MARKET ANALYSIS

Halal Nutraceuticals And Vaccines Market, by Product Type (Vaccines And Dietary Supplements), By Application (Sports Nutrition, General Well-Being, Immune & Digestive Health, Bone & Joint Health, Heart Health, Disease Prevention, Weight loss), by Distribution channel (Hospital Pharmacies, Retail Pharmacies, Online Sales and Super Markets) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Published In : May 2023
Code : CMI3475
Pages :170
Formats :
Excel and PDF
Industry : Pharmaceutical

Market Challenges And Opportunities

Global Halal Nutraceuticals And Vaccines Market – Driver

Growing demand for halal nutraceuticals & vaccines among Muslim population

Growing demand for halal nutraceuticals & vaccines among Muslim population is expected to boost growth of the global Halal Nutraceuticals And Vaccines Market over the forecast period. For instance, according to the 2022/21 State of the Global Islamic Economy report, Muslims spent US$ 3.6 trillion in 2022 across the food, pharmaceutical and lifestyle sectors that are impacted by Islamic faith-inspired ethical consumption needs.

Global Halal nutraceuticals and vaccines Market: Restraint

Increased campaign announcements against halal products are likely to serve as a restraining factor for the global halal nutraceuticals and vaccines market. For instance, in October 2022, Hindu organizations in Karnataka launched a campaign urging people to boycott halal-certified products during the festive season of Diwali, leaving the authorities concerned. But now a days government is taking initiative to use the halal neutraceuticals and vaccines.