Overview of Halal Beverages Market
Halal beverages, including juices, collagen drinks, and functional shots, have been gaining popularity in recent years due to the increasing demand from Muslim consumers who adhere to Islamic dietary laws. These beverages are produced according to strict halal guidelines, ensuring that they are free from any forbidden ingredients or processes.
Halal Juices
Halal juices are made from fruits that are permissible in Islam, such as oranges, apples, and grapes. These juices are free from alcohol and any non-halal additives, making them suitable for Muslim consumers. The global halal juice market is expected to reach $8.1 billion by 2025, with a compound annual growth rate of 9.1%.
Companies like Al Rawabi, a UAE-based dairy and juice company, have been catering to the halal juice market by offering a wide range of fruit juices that are certified halal. Other players in the market include Sunpride, Del Monte, and Coca-Cola, which have also introduced halal-certified juice products to meet the growing demand.
Halal Collagen Drinks
Halal collagen drinks have become popular among Muslim consumers who are looking for halal alternatives to traditional collagen supplements. These drinks are formulated with halal-certified collagen peptides derived from fish or plants, making them permissible for consumption according to Islamic dietary laws.
The global halal collagen drinks market is projected to reach $239.5 million by 2026, with a CAGR of 7.2%. Companies like Kinohimitsu, a leading halal beauty and health brand, have been offering halal collagen drinks that target the Muslim consumer segment. Other players in the market include Shiseido, Fancl, and Meiji, which have also introduced halal collagen drinks to cater to the growing demand.
Halal Functional Shots
Halal functional shots are concentrated beverages that are formulated with functional ingredients such as vitamins, minerals, and herbs to provide specific health benefits. These shots are popular among Muslim consumers who are looking for convenient and effective ways to improve their health and well-being.
The global halal functional shots market is expected to reach $2.5 billion by 2024, with a CAGR of 6.8%. Companies like Sappe, a Thailand-based beverage company, have been offering halal functional shots that target the Muslim consumer segment. Other players in the market include Red Bull, PepsiCo, and Monster Beverage, which have also introduced halal functional shots to meet the growing demand.
In conclusion, the halal beverages market, including juices, collagen drinks, and functional shots, is experiencing significant growth driven by the increasing demand from Muslim consumers worldwide. Companies that offer halal-certified products are well-positioned to capitalize on this trend and tap into a lucrative market segment. As awareness of halal dietary requirements continues to grow, the demand for halal beverages is expected to rise, creating new opportunities for players in the industry.
