Global Halal Food Market, By Type (Halal Food, Halal Drinks and Halal Supplements), Distribution Channel (Hypermarkets/ Supermarkets, Convenience Stores, Online Channel and Others), Product Type (Meat, Poultry and Seafood, Fruits and Vegetables, Dairy Products, Cereals and Grains, Oil, Fats and Waxes, Confectionery and Others), Product Base (Native Starch, Modified Starch and Sweeteners), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses that the global halal food market will project a CAGR of 11.6% for the forecast period of 2021-2028. Growth and expansion of the food and beverages industry, surging awareness in regards to the health benefits of halal products, rising consumer consciousness towards high quality nutritional food products, and increasing personal disposable income by the major companies are the major factors attributable to the growth of halal food market.
From the name itself, it is clear that halal food items are the food products that are prepared by strictly adhering to the Islamic dietary law. Halal food products are clean, safe and highly nutritional. Blood, pork and by-products of blood and pork are not considered as halal food. The halal food items are packaged and stored in utensils, which have been cleaned as per the prescribed guidelines.
Rising Muslim population and surge in the awareness about the nutritional benefits of halal food products are the major factors fostering the growth of the market. Changing lifestyle, growth in the penetration of online shopping especially in the developing economies and rising focus of the manufacturers on widening the product portfolio are other important factors acting as market growth determinants. Rising expenditure to undertake research and development proficiencies, increasing popularity of halal food and beverage items among non-Muslim population base and spurt in the number of hypermarkets and supermarkets will further induce growth in the market value.
However, stringent regulations and laws imposed by the government will pose a major challenge to the growth of the market. High costs associated with the research and development proficiencies and with the establishment will also hamper the market growth rate. Fluctuations in the prices of raw materials and dearth of presence of large scale halal industries will yet again derail the market growth rate. Lack of global regulatory body for certification of halal food products will also act as market growth restraints.
This halal food market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on halal food market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Halal Food Market Scope and Market Size
The halal food market is segmented on the basis of type, distribution channel, product type and product base. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the halal food market is segmented into halal food, halal drinks and halal supplements.
- On the basis of distribution channel, the halal food market is segmented into hypermarkets/ supermarkets, convenience stores, online channel and others.
- On the basis of product type, the halal food market is segmented into meat, poultry and seafood, fruits and vegetables, dairy products, cereals and grains, oil, fats and waxes, confectionery and others.
- On the basis of product base, the halal food market is segmented into native starch, modified starch and sweeteners.
Halal Food Market Country Level Analysis
The halal food market is analyses and market size, volume information is provided by country, type, distribution channel, product type and product base as referenced above.
The countries covered in the halal food market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Asia-Pacific region dominates the halal food market and will continue to during the forecast period owing to the ever-rising Muslim population base in this region. Asia-Pacific is set to undergo substantial gains owing to the growth and expansion of food and beverages industry, rising awareness about the nutritional composition of halal food and establishment of halal food standard in China.
The country section of the halal food market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Halal Food Market Share Analysis
The halal food market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to halal food market.
The major players covered in the halal food market report are Nestlé, Unilever, BRF Global., Al Islami Foods, American Foods Group, LLC, Cargill, Incorporated, Midamar Corporation., Carrefour., TAHIRA., Saffron Road, One World Halal, Allanasons Pvt Ltd, QL Foods Sdn Bhd, NEMA FOOD DISTRIBUTION, INC., NAMET, Kawan Food Berhad., Jilin Changchun Haoyue halal meat Co., Ltd and Prima Agri-Products Sdn Bhd among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Halal Food Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.