Halal Food Market size was valued at US$ 2354.50 Bn in 2022 and the total revenue is expected to grow at 11.32 % through 2023 to 2029, reaching nearly US$ 4987.83 Bn.
Halal Food Market Overview:
Maximize Market Research's new report, Global Halal Food Market 2021-2027, is useful for understanding the market's competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The research provides a market overview that explains the value chain structure, geographical analysis, applications, market size, and forecast (2021-2027). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide Halal Food Market.
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Halal Food Market Scope:
The research provides an analytical view of the business by studying several elements such as worldwide Halal Food market growth, consumption volume, market trends, and company pricing structures throughout the projected period. The analysis includes extensive research to explore the market's complexities. The research provides an overview of the worldwide Halal Food market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. This market has been examined in several areas based on productivity and manufacturing base.
Halal Food Market Segmentation:
The global market for halal food is divided into five product categories based on product type: cereals & grains, fruits & vegetables, milk & dairy products, meat, poultry, and seafood. In 2022, the Meat Food segment had the highest market share at xx%. The demand for beef products with the halal designation is projected to increase quickly due to the rising Islamic population. The Organization of Islamic Cooperation (OIC), which was founded, is in an excellent position to take the lead in creating a global standard for these foods as a result of its establishment. Participants in the sector have experienced significant success in increasing product portfolio penetration and fostering customer loyalty thanks to the development of these types of organizational figures.
The global market for halal food is divided into Convenience Stores, Specialty Stores, E-Commerce, Supermarkets & Hypermarkets, and Other Retail Formats based on distribution channel. In 2022, the Supermarkets & Hypermarkets sector accounted for 56% of the market. Around 54% of people on earth lived in cities, according to United Nations statistics. As a result, it is believed that rising urbanization is the main factor fueling the expansion of the supermarket and hypermarket divisions. Additionally, in 2022, the E-Commerce sector had the second-largest market share at xx%. since there is a wide variety of halal products available and internet shopping is becoming more and more popular.
Halal Food Market Size and Forecast, by Product (2022-2029)
1. Cereals & Grains
2. Fruits & Vegetables
3. Milk & Dairy Products
4. Meat
5. Poultry & Seafoods
Halal Food Market Size and Forecast, by Product Base (2022-2029)
1. Native Starch
2. Modified Starch
3. Sweeteners
Halal Food Market Size and Forecast, by Distribution Channel (2022-2029)
3. Supermarkets & Hypermarkets
3. Convenience Stores
3. Specialty Stores
4. E-Commerce
5. Other Retail Formats
Halal Food Market Size and Forecast, by Region (2022-2029)
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America
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Halal Food Market Key Players:
It then discusses the top competitors in the worldwide Halal Food market, as well as emerging players, in detail, including market share based on revenue, demand, high-quality product makers, sales, and service providers. In addition, the research assesses capacity utilization, raw material sources, import-export, the value chain, price structure, and the industrial supply chain. The following players are featured in this report:
1. Islami Foods
2. QL Foods
3. Saffron Road Food
4. Dagang Halal
5. Janan Meat
6. Kawan Foods
7. Cargill
8. Prima Agri-Products
9. Nestle
10. BRF
11. Al-Falah Halal Foods
12. Tahira Food
13. Beijing Shunxin Agriculture
14. Jingyitai Halal Food
15. Humza Foods
16. Raj Foods
17. Azzayt SLU
18. Forward Farma BV
19. Udine
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Regional Analysis:
The report has analyzed the global Halal Food market in the following regions:
- America, North (the United States, Canada, and Mexico)
- European Union (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia, and Rest of South America)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)
The research provides comprehensive insights into numerous development opportunities and challenges in the regions mentioned above based on various types of goods, applications, end-users, and countries, among others. The research also includes key features of the worldwide Halal Food market, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.
COVID-19 Impact Analysis on Halal Food Market:
COVID-19 is an unprecedented worldwide public health emergency that has impacted practically every business, and the long-term impacts are expected to have an influence on industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The revised report contains insights, analysis, projections, and predictions based on the influence of COVID-19 on the market.
Key Questions Answered in the Halal Food Market Report are:
- Which are the major companies in the Halal Food market?
- Which is the potential market for Halal Food in terms of the region?
- Which application area of Halal Food is expected to grow at a significant rate in the market in the next 5 years?
- What are the opportunities for new market entrants?
- What will be the Halal Food market size by 2027?
- What are the growth prospects for the Halal Food market?
- What is the base year considered in the Halal Food market report?
- Which region holds the largest market share in the Halal Food market?
- What factors are anticipated to drive the Halal Food market?
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