NEW YORK, Feb. 5, 2024 /PRNewswire/ — The halal food market is progressing at a CAGR of 4.52% and is set to grow by USD 427.68 billion from 2022 to 2027 during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. Islami Foods and BRF SA are significant companies contributing to market growth. The market is segmented into product and distribution channel.
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Alislami Foods offers halal foods such as chicken burgers and beef burgers. The increasing consumer expenditure on halal food drives market growth. In the preceding decade, the global halal food market was primarily concentrated in nations like Indonesia, Malaysia, Saudi Arabia, Singapore, the UAE, and other Middle Eastern countries. Nevertheless, there has been substantial expansion into new territories such as the US, Germany, Australia, and India in recent years.
The report on the halal food market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as company analysis.
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The popularity of the organized retail sector is a key trend influencing the halal food and beverage market growth.
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Lack of globally accepted regulatory standards for halal certification hinders the market growth.
The halal food market analysis includes product, distribution channel, and geography landscape. This study identifies the growth of the organized retail sector, the introduction of blockchain in the halal food market, and the wide assortment of specialty products under the halal food category as one of the prime reasons driving the halal food market growth during the next few years.
The halal food and beverage market share growth by the halal MPS segment is significant during the forecast period. This category predominantly encompasses halal food items like beef, lamb meat, goat meat, chicken, Turkey, and fish. The segment can be subcategorized into fresh halal meat, poultry, and seafood; minimally processed halal meat, poultry, and seafood; and heavily processed halal meat, poultry, and seafood.
This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View the Free Sample Report
The halal food market covers the following areas:
Halal Food Market Sizing
Halal Food Market Forecast
Halal Food Market Analysis
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Halal Food Benefits
Halal food, governed by Islamic dietary laws, has gained prominence not only among Muslim communities but also in the broader food industry. The term “Halal” refers to permissible or lawful according to Islamic principles, and it encompasses a wide range of foods, including meat, breakfast cereal, and vegan options. This has led to an increased focus on halal certification, ensuring that products adhere to Islamic dietary guidelines. Halal food has become a significant market segment, influencing food industry trends, distribution channels, and even restaurant offerings. It extends beyond mere consumption, playing a crucial role in cultural practices, food security, and the overall nutrition landscape.
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Key Topics Covered:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Segmentation by Product
7 Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix
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