Global Halal Nutraceuticals and Vaccines Market to grow at a 31.5% CAGR Through 2027: Coherent Market Insights

Data from global market intelligence and consulting firm Coherent Market Insights (CMI) reveal that the global halal nutraceuticals and vaccines markets is estimated at USD 49.3 billion for 2019 and is forecast to grow at a 31.5% CAGR through 2027 to reach USD 88.5 billion.

According to CMI, the key growth driver of the sector is the newly conceived concept of ‘halalopathy’, which has a core focus on that which is Halal/Tayyeb (pure) with regards to the ingredients used in medication and food.

CMI notes that lucrative growth opportunities are available to those businesses that have an established e-commerce-based distribution channel.

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