Halal Nutraceuticals & Vaccines Industry in Asia Pacific Growing At Rapid Rate Due to Implementation of Stringent Policies

Halal Nutraceuticals & Vaccines

 The halal nutraceuticals & vaccines industry is growing at a very rapid rate due to the increase in demand of products in the market and the rise in the production of vaccines. There is huge demand for vaccines especially in developing countries. So, there has been an increased demand for halal nutraceuticals and vaccines in developed countries such as the U.S., the U.K, and Germany. The growth in demand has resulted in increased production and development of new vaccines as well. This has been made possible by the increasing demand in the market. Therefore, with such a large number of products, manufacturers are finding it difficult to keep up with the pace of the market.

A recent research report reveals that Africa is emerging as one of the top five markets for halal nutraceuticals & vaccines. African countries like Egypt, Nigeria, South Africa, and Morocco are witnessing increasing demand of vaccines due to the increase in cases of acute flaccid paralysis and meningitis. The research further states that in the coming years, the Halal market is going to experience strong growth in all the major regions of Africa - North Africa, the Middle East and sub-Saharan Africa.

Asia Pacific is witnessing a sharp rise in demand for halal nutraceuticals & vaccines. This is largely attributed to the expansion of religious industries in Asia. One of the main reasons behind this rise in demand is the perception of Asia as the center of world Islam and as a result, all products manufactured by Islamic companies are Halal. Furthermore, many nations in Asia, especially Malaysia, Singapore, China and Indonesia have implemented stringent food policies that strictly implement the principles of Islamic Shari'a law. In October 2019, Indonesia's Halal Product Law (“Halal Law”) came into effect. This has led to an increased demand for halal nutraceuticals. 

Location: India

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