Photo: Oval-shaped soft gelatin capsules used in pharmaceutical manufacturing
The global gelatin market was estimated at $2.7 billion in 2015, and gelatin for use in pharmaceuticals and nutraceuticals, at $0.8 billion. Muslim spend accounted for an estimated 17 percent of total global food and beverage expenditurein 2014, but less than 3 percent of gelatin is made from halal or permissible ingredients. This means a clear demand for greater production of halal gelatin. What are the challenges and opportunities in developing halal gelatin?
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Paul Cochrane, Senior Associate, DinarStandard