The Global Halal Pharmaceuticals Market is anticipated to reach USD 34.82 billion by 2026 according to a new study published by Polaris Market Research.The significant growth in the Halal Pharmaceuticals Market is primarily due to the rapid increase in the Muslim population, along with their improving disposable income.
As per the law, products containing the discharge of human beings or animals, and in direct or indirect contact with non-halal items.
Rapid growth in demand has encouraged the Halal Pharmaceuticals Market players to actively indulge in activities that are aimed at or new product development.Growing Muslim population is showcasing a high interest in halal pharmaceuticals and cosmetics.
This can be attributed to the increasing consumer awareness about the deepening beliefs and growing knowledge that pharmaceuticals contain alcohol, porcine-by products, and their derivatives, among other non-halal contents or ingredients that are against Islamic beliefs.The Halal Pharmaceuticals Market experience tough challenge in defining proper regulation and standards.
Recently, American pharmaceuticals companies expressed their concerns over the guidelines by Malaysia’s Ministry of Health (MOH).
These guidelines were focused towards defining the permissible items in pharmaceuticals in accordance with Islam.
The Global Halal Pharmaceuticals Market is anticipated to reach USD 34.82 billion by 2026 according to a new study published by Polaris Market Research.The significant growth in the Halal Pharmaceuticals Market is primarily due to the rapid increase in the Muslim population, along with their improving disposable income.
As per the law, products containing the discharge of human beings or animals, and in direct or indirect contact with non-halal items.
Rapid growth in demand has encouraged the Halal Pharmaceuticals Market players to actively indulge in activities that are aimed at or new product development.Growing Muslim population is showcasing a high interest in halal pharmaceuticals and cosmetics.
This can be attributed to the increasing consumer awareness about the deepening beliefs and growing knowledge that pharmaceuticals contain alcohol, porcine-by products, and their derivatives, among other non-halal contents or ingredients that are against Islamic beliefs.The Halal Pharmaceuticals Market experience tough challenge in defining proper regulation and standards.
Recently, American pharmaceuticals companies expressed their concerns over the guidelines by Malaysia’s Ministry of Health (MOH).
These guidelines were focused towards defining the permissible items in pharmaceuticals in accordance with Islam.