The global halal ingredients market was valued at $46.8 billion in 2019 and expected to reach $66.9 billion by the year 2026, at a CAGR of 6.2%, per YahooFinance.
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In the Middle Eastern region, the halal ingredients market is growing at a CAGR of 3% due to the influx of migrants and increasing regulations for strict usage of halal food and, therefor, is predicted to be the fastest growing regional market for ingredients.