Product sales are forecast to increase from $58 billion in 2021 to $116 billion by 2031 as supplement manufacturers see their sales double or triple.
Demand for halal certified nutraceuticals, from vitamins to health supplements, has surged since the COVID-19 pandemic spread around the planet, with consumers wanting to bolster their immune systems.
The global market for halal nutraceutical products is set to double over the next 10 years, according to recent research. A report from Dubai-based Future Market Insights, published last July, predicted sales of these products would increase from $58 billion in 2021 to $116 billion by 2031. The report points to the “adoption of uniform certification for halal products” as a driving force in the market.
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Sarah Gibbons