Global Halal Food Market was valued at US$ 3.65 Tn in 2017, and is expected to reach US$ 12.39 Tn by 2026, at a CAGR of 16.5 % during forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Halal Food market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in Halal Food market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
The major driving factors behind the growth of the halal food market are increasing Muslim population and their substantially increasing expenditure on food & non-beverages. However, there are a few constraints expected to hamper the industry growth. A persistent confusing environment for establishing international halal standards, mainly because they are framed by various types of organizations is a major restraint.
Based on the Product type, Halal meat has always been a remarkable business segment. The formation of Organization of Islamic Cooperation (OIC) has been well placed to take the initiative of setting an international standard for these food items. Owing to the formation of these types of organizational figures the industry participants have been successful to a great extent in building consumer trust and pushing penetration of the product category to even higher levels.
Milk & milk products such as processed milk, cheese, and yogurt are expected to be one of the primary product segment driving growth for the global industry.
Based on the distribution channel, The E-Commerce segment is expected to witness a lucrative growth in terms of revenue in the near future, due to an increasing preference for online shopping and availability of the wide range of halal products online.
World over initiatives has been seen escalating since the last few years with the advent of few events in Asia Pacific and the Middle East & African region, which are the top two regions contributing to the growth of the global Halal Food market. A major bilateral initiative to mention would be the cooperation between Abu Dhabi and South Korea, which allowed South Korea to gain further access to the global halal food market. Asia Pacific was the leading consumer in 2017. Around 60% of the global Muslim population resides in this region, which is the main driving factor in the region. The demand for halal food products is high across the Islamic countries such as, Saudi Arabia, the United Arab Emirates, Kuwait, Bahrain, Oman, and Qatar due to religious norms which is expected to result in significant revenue generation across the Middle East and African region.
Scope of the Global Halal Food Market
Global Halal Food Market, By Product Type
• Cereals & Grains
• Fruits & Vegetables
• Milk & Dairy Products
• Poultry & Seafoods
Global Halal Food Market, By Product Base
• Native Starch
• Modified Starch
Global Halal Food Market, By Distribution Channel
• Supermarkets & Hypermarkets
• Convenience Stores
• Specialty Stores
• Other Retail Formats
Global Halal Food Market, by Region
• North America
• Middle East & Africa
• South America
For more information of visit:https://www.maximizemarketresearch.com/market-report/global-halal-food-market/28343/
This report submitted by Maximize market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Lumawant Godage
Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD.
Email: [email protected]
: Omkar Heights,