The Halal Food Industry Survey 2021 provides an in-depth analysis of how the halal food market is changing and what opportunities exist for companies operating within it. REPORT SUMMARY; TABLE OF CONTENTS; Drivers Of The Market5.2.2. However, stringent regulations and laws imposed by the government will pose a major challenge to the growth of the market. Other factors, including rising expenditure capacities of consumers and the implementation of various government initiatives to introduce mandatory halal labeling and certification rules, are anticipated to drive the market further toward growth. The report also calculates current and historical market value to predict the potential management of the market through the forecast period between 2022 and 2028. 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. The global halal food market is expected to grow at a rate of 11.2% annually through 2021, reaching a value of $128.9 billion by 2021. The global halal food and beverage market is expected to reach USD 1063.11 billion by 2030. This report provides strategists, marketers and senior management with the critical information they need to assess the global, Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, https://www.researchandmarkets.com/r/j6bccf, https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg. With the increasing demand for halal foods, halal laboratories are actively engaged in the food safety, analysis of food products for maintaining quality standards to detect the presence of porcine material or alcohol, blockchain, and the Internet of things (IoT) are the technological advancements that strengthen the market. The global halal food industry is expected to witness a CAGR of 3.6% during the forecast period owing to . The halal food market is expected to grow to $2228.63 billion in 2026 at a CAGR of 14.6%. 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. Coverage of Data Bridge is not restricted to developed or emerging economies. 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. Terms and Conditions. The market data is analysed and estimated using market statistical and coherent models. The UAE leads all regions with a 36% share of the global market, followed by Saudi Arabia (21%), Egypt (12%), and Malaysia (5%). The global halal food market is expected to grow from $1134.14 billion in 2021 to $1290.35 billion in 2022 at a compound annual growth rate (CAGR) of 13.8%. Also, market share analysis and key trend analysis are the major success factors in the market report. DMCA Protected DataBridge - All Rights Reserved. It contains an in-depth outline of the market . The halal food market is expected to . APAC held the largest share of the market in 2021. To gain more info on halal food market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth. E-Commerce Algae Protein Market :Global Industry Analysis and Forecast (2022-2029), Cereals & Grains The study found that while the majority of certification bodies are small organizations, the number of associations is expected to increase exponentially over the next few years as the Islamic finance industry broadens its focus beyond Sharia-compliant investment vehicles to encompass halal retail operations. Newly released data from Future Market Insights market analysis shows that global halal food demand is projected to . The halal food market is segmented on the basis of type, distribution channel, product type and product base. The demand for halal certification is on the rise, and manufacturers are rushing to get their products certified in the global halal food market. Ready-to-Eat Food Market Global Industry Analysis and Forecast (2021-2027) by Product Type, Packaging, Distribution Channel, and Region. Latest Study on Industrial Growth of Global Halal Food and Drink Market 2023-2029. DUBLIN, October 08, 2021--The "Halal Food Market, Global Forecast, Impact of COVID-19, Industry Trends, by Product, Distribution Channel, Growth, Opportunity Company Analysis" report has been . Apart from this, they are defined as permissible, lawful, and clean products that are safer to eat, hygienic, and enhance metabolism and immunity system. Halal Food Market Trends And Strategies4. The global halal food market size reached US$ 2,221.3 Billion in 2022. 2022 IMARC Services Private Limited. But even with niche efforts like these, it's doubtful that enough products will be created to meet the overwhelming demand from consumers who want everything halal-friendly. Global halal ingredients market is expected to reach USD 72.81 billion by 2028, at a CAGR of 5.42% from 2021 to 2028. https://skyquestt.com/sample-request/halal-food-market, Manufacturers Rushing to Get Halal Certification. Global Halal Food Market Overview: Halal food refers to food and beverages that are cooked strictly as per the norms outlined in Islamic dietary regulation. 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). With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Halal Food market to help players in achieving a strong market position. The food is used by households, food services, and the food industry.The Asia Pacific was the largest region in the halal food market in 2021. Halal Food Market Insights. Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates. The global halal food market is expected to grow at a CAGR of more than 18% by 2025. Halal food products are clean, safe and highly nutritional. Privacy Policy Some companies in the halal food market are attempting to address this issue by developing niche halal ventures. Halal food is distributed using hypermarkets, supermarkets, online stores, and specialty stores channels. Milk & Dairy Products The report provides key statistics . As the halal food market continues to grow, it is important that producers take steps to ensure they are producing high-quality products that meet consumer expectations. We can add as many competitors that you require data about in the format and data style you are looking for. Global Halal Food Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion, 6.2. Oct 20, 2022 (SUPER MARKET RESEARCH via COMTEX) -- The new report by Expert Market Research titled, 'Global Halal Food Market Size, Share, Price, Trends,. Halal Food Market Regional And Country Analysis7.1. The report can be customized 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. The global halal food market is expected to witness significant growth across Russian and China market. This, along withthe rising concern regarding food safety, hygiene, and reliabilityis driving the market growth. Halal food is safer to eat, more ethical, less prone to meat contamination, and improves metabolism as this food is free of pork, alcohol/intoxicants, poisons, and unhygienic content.The main types of halal food are meat, poultry, and seafood, fruits and vegetables, dairy products, cereals and grains, oil, fats and waxes, and confectionary. Polaris Market Research has recently released a new research study on Halal Food Market: By Size, Trends, Share, Growth, Segments, Industry Analysis and Forecast, 2030. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. There are two main reasons for the growth in demand for halal food market: First, Muslims are increasingly looking to follow a stricter diet that adheres to their religious beliefs. At present, supermarkets and hypermarkets represents the largest segment, dominating the market. The rising Muslim population across the world is significantly contributing to . While some Westerners may associate halal food with strict rituals and conditions not found in mainstream cuisine, many Muslims see it as a way to reconnect with their religious heritage and enjoy traditional flavors without sacrificing important nutritional values in the global halal food market. In addition, 86% said that price was not a critical factor when purchasing halal products versus 74% who said the same about kosher foods. The MENA Halal Food Market was valued at US$ 133.9 billion in 2017 & is expected to witness CAGR of 10.4% during the forecast period to reach US$ 291.3 billion. Global Halal Food Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion, 6.3. Halal Certification bodies are becoming more sophisticated and able to certify products not just for religious consumption but also for use in outlets such as schools, hospitals and airports. Second, Halal certification has become an important marketing tool for food businesses seeking to appeal to Muslim customers. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown. Global Halal Food Market Global Halal Food Market Dublin, Nov. 11, 2022 (GLOBE NEWSWIRE) -- The "Halal Food Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering. DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies. The global halal food market is expected to grow from $1134.14 billion in 2021 to $1290.35 billion in 2022 at a compound annual growth rate (CAGR) of 13.8%. 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. Moreover, the increasing demand for halal food among the non-Muslim community due to its diverse taste and health benefits is positively impacting the market growth. 94% percent of respondents said that they would definitely or likely buy a product if it was certified as halal, compared with 79% who said the same about kosher products. The halal food market is expected to . In recent years, online platforms have expanded their offerings across a wider range of foods, making it easier for consumers to find products that comply with Islamic dietary guidelines. The global halal food market is expected to grow from $1134.14 billion in 2021 to $1290.35 billion in 2022 at a compound annual growth rate (CAGR) of 13.8%. 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. Our analysts take pride in our clients success. The major players covered in the halal food market report are Nestl, 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. The global halal food market is expected to grow from $1134.14 billion in 2021 to $1290.35 billion in 2022 at a compound annual growth rate (CAGR) of 13.8%. On the basis of product base, the halal food market is segmented into native starch, modified starch and sweeteners. Many certification bodies have been established in the global halal food market to meet the needs of businesses seeking halal certification for their products or services. Restraints On The Market5.2. The increasing awareness about the health and hygiene benefits associated with it is likely to increase . The halal food items are packaged and stored in utensils, which have been cleaned as per the prescribed guidelines. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets. The global Halal Food market size is projected to reach multi million by 2028, in comparision to 2021, at unexpected CAGR during 2022-2028 (Ask for Sample Report). Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. The Asia Pacific is the main market for halal food, and the area is predicted to offer market vendors various prospects for expansion during the forecast period. Many Muslims live in countries where there is little or no halal food available, so companies must create products that appeal to a wide range of Muslims around the world. A detailed study accumulated to offer the Latest insights about acute features of the Halal Food and Drink market.The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. Global Muslim market size in 2019 and 2024. This growth has caught the attention of SkyQuest, which recently released its annual survey probing into the industry. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 4,177.3 Billion by 2028, growing at a CAGR of To cite an example, in 2011, in Russia, 65,000 tons of halal meat was produced. SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. This halal food market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.The rising Muslim population across the world is significantly contributing to the growth of the halal food market. A total of 256 halal certification bodies were assessed across seven countries in Europe, North America, Middle East and Africa (EMEA) Asia Pacific and South Asia in the global halal food market. It likewise envelops the examination of information inconsistencies seen across different information sources. Halal . from 8 AM - 9 PM ET. All Rights Reserved. They are expected to experience a CAGR of 5.1% between 2023 and 2032. This research study on . The halal food industry is growing at a rapid pace, and with it come new challenges that must be faced if the industry is to maintain its position as a leading reseller of Islamic-friendly foods. The law also considers animals that are dead before slaughtering and those not killed in the name of Allah as haram or impermissible for consumption. BURLINGAME, CALIFORNIA, UNITED . Many people unknowingly purchase foods that are not halal because they do not know what to look for. The global halal food market size is expected to grow from $1134.14 billion in 2021 to $1290.35 billion in 2022 at a compound annual growth rate (CAGR) of 13.8%. Organic Halal Food Market Report. . Maximize Market Research provides B2B and B2C research on 6,500 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. Webinars offer cutting-edge market ideas and solutions through virtual Internet forums to its executive clients. Global Halal Food Market Is Anticipated To Reach USD 922.53 Billion By 2026, at a CAGR of 7.6% during the forecast period. The global halal food market is expected to grow at a rate of 11.2% annually through 2021, reaching a value of $128.9 billion by 2021. SkyQuest predicts that more restaurants will start offering halal options as customers become increasingly aware of what this term means and what kinds of dishes fall within its scope. The market size of Halal Food 3900 will reach xx in 2026, with a CAGR of xx% from 2020 to 2026. Global Halal Food and Beverage markets were valued at USD 1,561,509 million in 2021. This growth is primarily attributed to increase in the Muslim population, especially in countries such as India and Indonesia. 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. Halal ingredients are food ingredients that have been [] Global Halal Food Market 2023-2027. Drivers Of The Market5.1.2. This site uses cookies, that help us to provide and improve our service. Moreover, the growth of e-commerce is likely to play a significant role in fueling the halal food markets growth over the next few years. 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. and Market growth will be driven by an increasing Muslim population and increased concern over food safety, reliability, hygiene, and quality. Global halal food market is valued at USD 1,977 billion in 2021, and it is expected to attain a value of USD 3,907.8 billion by 2028, at a CAGR of 11.25% over the forecast period (2022-2028). Utilize the relationships between key data sets for superior strategizing. They include dairy products, vegetables, fruits, meat, seafood, cereals, grains, fruits, poultry and confectionery products that do not contain alcohol, bacon, pork, pepsin, broth, ham, L-cysteine, lipase, and rennet. Terms and Conditions. All Rights Reserved. Aided by the rising Muslim population and their substantially rising expenditure on food products, the industry is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 17%. Currently, meat, poultry and seafood are the most preferred food products in the . Bhd., Midamar Halal, Prima Agri-Products, QL Foods Sdn. Refrigerated Transport Market: Global Industry Analysis and Forecast (2022-2029), Global Egg Protein Market: Industry Analysis and Forecast (2022-2029). 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. Halal food refers to the food products prepared in adherence to the Islamic standards, i.e., the Sharia law. Europe is the key market. Global and Chinese Halal Food Market 2022 is a professional and in-depth study on the current state of the global market with a focus on the Global and Chinese market. The Global Halal Food market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2028. IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Halal Food Market - Global Trends, Insights to 2028 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging with . We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Restraints On the Market6. Executive Summary2. The halal food market is segmented on the basis of type, distribution channel, product type and product base. Another challenge is ensuring that products are properly processed and packaged so they meet the specific requirements of the halal certification process. Global Halal Food Market 2021-2025. Blood, pork and by-products of blood and pork are not considered as halal food. Bhd., Saffron Road Food, Tahira Foods Ltd., The American Halal Co. Inc., American Foods Group LLC, Beijing Shunxin Agriculture, and Jingyitai Halal Food. Global market value of halal food 2017-2023. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. The halal food market competitive landscape provides details by competitor. Halal Food Market Characteristics3. Terms and Conditions. Browse summary of the report and Complete Table of Contents (ToC): https://skyquestt.com/report/halal-food-market, Top Challenges in Halal Food Market to Play Key Role. Some of these players include QL Foods Sdn Bhd, Al Islami Foods Co., DagangHalal Group, Saffron Road, Kawan Foods Berhad, Janan Meat Ltd, Prima Agri-Products Sdn Bhd, Cargill, Inc., BRF S.A., Nestle S.A., Tahira Foods Ltd., and Al-Falah Halal Foods Ltd. The halal food market consists of sales of halal food by entities (organizations, sole traders, and . On the geographical front, Asia Pacific is the leading market for halal food, accounting for the majority of the total market share. and Looking forward, IMARC Group expects the market to reach US$ 4,177.3 Billion by 2028, exhibiting a growth rate (CAGR) of 10.8% during 2023-2028. Summary. This publisher has monitored the halal food market and according to this report it is poised to grow by $388.11 Billion during 2021-2025, decelerating at a CAGR of 4.46% during the forecast period. The halal food market is expected to . The global demand for halal food has been steadily rising over the past few years. Halal certification plays an important role in satisfying consumer demand for authentic halal foods. Modified Starch The regions covered in the halal food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.The halal food market research report is one of a series of new reports that provides halal food market statistics, including halal food industry global market size, regional shares, competitors with a halal food market share, detailed halal food market segments, market trends and opportunities, and any further data you may need to thrive in the halal food industry. Therefore, the rising Muslim population is expected to drive the growth of the halal food market.Technological advancements in halal food items are key trends gaining popularity in the Halal market. The global halal foods market size is expected to grow to $2228.63 billion in 2026 at a CAGR of 14.6%. Specialty Stores Other Retail Formats. Benchmark performance against key competitors. The market is anticipated to record a CAGR of around 10.9% throughout the forecast period, i.e. Global Halal Food Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion7.2. Currently, meat, poultry and seafood are the most preferred food products in the market. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately. The halal food market is projected to grow by USD 427.68 billion at a CAGR of 4.52% during the forecast period. On the basis of distribution channel, the halal food market is segmented into hypermarkets/ supermarkets, convenience stores, online channel and others. development in the industry upstream & downstream, industry development, participants, type segment, and market application, 2018-2023. Home / Press Release / Global Halal Food Market. Convenience Stores High costs associated with the research and development proficiencies and with the establishment will also hamper the market growth rate. For instance, in July 2019, Trace Labs, a Hong Kong-based tech startup and OneAgrix, a Singapore-based online business to business marketplace for halal products, launched blockchain based halal certification system. Global halal industry market share worldwide by sector 2018-2024. It has 450+ happy clients globally. 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. According to Pew Research Center, a US-based nonpartisan American think tank, the growth of the Muslim population in the world is expected to increase by around 2.19 billion by the year 2030. 2019-2027. The global halal food market is expected to grow from $1134.14 billion in 2021 to $1290.35 billion in 2022 at a compound annual growth rate (CAGR) of 13.8%. There is no doubt that the halal food market is booming, with sales reaching an estimated $1,977 billion in 2021. Retailers are also developing halal versions of traditional meals and snacks, such as Hamburger Helper with HALAL turkey sauce. Global Halal Food Market Scope and Market Size. 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. Global Halal Food Market: Industry Analysis and Forecast (2022-2029). The UAE leads all regions with a 36% share of the global . For the market study, 2019 is considered as the base year, and the forecasted period is between 2020 and 2028. As halal retailing becomes increasingly popular, it's important that companies understand which certifying body can best serve their requirements. Global Halal Food Market Trends: The increasing consumption of halal food can be attributed to the increasing Muslim population across the globe. In addition, these platforms are now providing tools and resources for restaurateurs who want to serve halal dishes. Global Halal Food Historic Market, 2016-2021, $ Billion5.1.1. 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. The increasing demand for halal-certified food among Muslims is due to the assurance of food safety and hygiene. 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. This includes menu items labeled "halal," but may also include items that have been specially prepared or flavored in a way that would not normally be considered permissible according to Islamic dietary guidelines. Accept Cookies & Privacy Policy The above data points provided are only related to the companies focus related to halal food market. This growth has created a supply glut of halal products, which is hindering growth for certifiers and driving up prices. Halal food refers to food items and beverages that are strictly prepared according to the rules underlined by the Islamic dietary law. The halal food market is segmented by product type into diary, meat, grain, vegan and others, out of which, meat segment is anticipated to hold largest market share owing to rising consumption of meat and meat products in the world. Privacy Policy. The majority of consumers are looking for halal food products that are authentic and relevant to their cultural background or beliefs. This growth of the halal food market will be aided by several factors, including rising incomes, increased preference for healthier diets, and increased awareness of halal foods among consumers. 10.8% during 2023-2028. The halal food market is expected to grow to $2228.63 billion in 2026 at a CAGR of 14.6%.The halal food market consists of sales of halal food by entities (organizations, sole traders, and partnerships) that meet Islamic standards of food. DUBLIN, April 29, 2022--The "Halal Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. 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. The growth of halal food across these countries is mainly attributed to rapidly increasing meat products consuming population. A final challenge is marketing halal food to a wider audience in the halal food market. Based on the region, the market has been categorized into North America, Asia-Pacific, Europe,Latin America, Middle East and Africa. Walnut Market Global Industry Analysis and Forecast (2021-2027) by Product, Application and Region. To know more about the research methodology, drop in an inquiry to speak to our industry experts. On the basis of type, the halal food market is segmented into halal food, halal drinks and halal supplements. The stage includes obtaining market information or related data through various sources and strategies. According to the estimations put forth by Inkwood Research, the global halal food & beverage market is projected to record a CAGR of 6.05% in terms of value, during the projected period, and will reach revenue of $875.99 billion by 2028. 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. By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Data Bridge Market Research is a leader in advanced formative research. Global Halal Food Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion, For more information about this report visit https://www.researchandmarkets.com/r/j6bccf, Research and MarketsLaura Wood, Senior Manager[emailprotected], For E.S.T Office Hours Call +1-917-300-0470For U.S./CAN Toll Free Call +1-800-526-8630For GMT Office Hours Call +353-1-416-8900, U.S. Fax: 646-607-1904Fax (outside U.S.): +353-1-481-1716, Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg, Cision Distribution 888-776-0942 certification bodies have been quick to capitalize on this trend. Based on the distribution channel, the market has been divided into traditional retailers, supermarkets & hypermarkets, online, and others. This report provides a detailed . COPYRIGHT 2022 MAXIMIZE MARKET RESEARCH | All Rights Reserved. One of the most important challenges for the halal food industry is educating consumers about what constitutes halal food. Halal Food Market Outlook - 2022 - 2032. Lack of global regulatory body for certification of halal food products will also act as market growth restraints. Fluctuations in the prices of raw materials and dearth of presence of large scale halal industries will yet again derail the market growth rate. When typing in this field, a list of search results will appear and be automatically updated as you type. [342 Pages Report] The halal food market is valued at USD 1.2 Tn in 2022 and is projected to grow at a CAGR of 5.6% during the forecast period, to reach a value of USD 3.0 Tn by 2032. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. Poultry & Seafoods, Native Starch IMARCGroup is a leading market research company that offers management strategy and market research worldwide. In 2021, the market is growing at a steady rate and with the rising . Halal Food Market Segmentation6.1. The MENA Halal Food Market was valued at US$ 133.9 billion in 2017 & is expected to witness CAGR of 10.4% during the forecast period to reach US$ 291.3 billion. Global Halal Food market size was ** billion USD in 2021, and will expand at a CAGR of **% from 2022 to 2026, according to the report. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.Contact Us: However, some certification bodies are only active with a few commercial clients or are not active at all; whereas others certify a wider range of products and services than traditional Sharia-compliant investments. Additionally, the increasing awareness among Muslims regarding the need and necessity to consume only halal food is favoring the market growth. Halal food is free from ingredients that Muslims are restricted to eat according to law or food that is processed manufactured or stored in vessels that are clean enough according to Islamic laws. This report focuses on halal food market which is experiencing strong growth. US: +1 888 387 2818 UK: +44 208 089 1725, US: +1 888 387 2818 UK: +44 208 089 1725 Hong Kong: +852 8192 7475. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report. By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Sweeteners, Supermarkets & Hypermarkets The Global Halal Foods and Beverages market Report 2022 includes in-depth analysis of the sector, including components, models, flows, and development sizes. Impact Of COVID-19 On Halal Food5. On the basis of the product, the market has been classified into meat, poultry & seafood, fruits & vegetables, dairy products, cereals & grains, oil, fats & waxes, confectionery, and others. Suitable for supporting your internal and external presentations with reliable high quality data and analysis. Global Halal Food Market Trends: 10.8% during 2023-2028. 2021 IMARC Services Private Limited. The report the halal food market provides a holistic analysis, market size and forecast, trends, growth drivers . However, challenges faced by the halal food industry include competition from conventional alternatives and a lack of understanding among some consumers about how halal foods are produced. 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. According to Pew Research April 2019 article, there . Global Halal Food Market size was valued at US$ 2115.08 Bn in 2021 and the total revenue is expected to grow at 11.32 % through 2022 to 2029, reaching nearly US$ 4987.837 Bn. Global Halal Food Market: Summary of this market research report focuses on past-current size, shares, trends, price, segment & forecast. and Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. As estimated by the research provider ResearchAndMarkets, the global halal food market size was valued at $842.3 million (771.9M) in 2020 and is predicted to grow by 10% in the coming years, reaching $1.72 billion (1.58B) by 2027. The Muslim population is a community of Islamic people who practice Islam. This can sometimes be difficult, as many non-halal ingredients are commonly used in modern food production. In addition, they want these products to be healthy and affordable. Halal food products are stored and packaged in utensils, which have been cleaned as per the prescribed guidelines. This can be difficult because "the infrastructure and technology required by Halal meat processors may not be readily available or affordable.". Global and China Organic Halal Food Industry Market Research Report (2017-2028) POSTDATEDec 11, 2022; PAGES161; REPORT CODEGMM1454402; Ask The Analyst Customization Available Request Methodology. Halal Food Market Size And Growth5.1. 1 Apache Way, Westford, Massachusetts 01886, UPDATE 2-Amgen emerges frontrunner in Horizon deal as Sanofi drops bid, Brazil economy ministry rejects Lula transition team's judgment on finances, Amgen emerges frontrunner in Horizon deal as Sanofi drops bid, Stock Markets Defining Moment Arrives With CPI, Fed Decision, Investor group launches campaign to help companies protect nature. For instance, Jeroboam Foods manufactures gluten-free pancake mixes and pizza crusts that are halal; malted barley beverages from Roaring Lion Brewery are also religiously compliant. Insights on the Soy Food Global Market to 2027 - by Product type, Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies. Moreover, another challenge is that halal slaughter traditionally employs different methods than regular slaughter, which means that firms must develop unique production processes and safety equipment. To know more, please request an analyst call or drop down your inquiry. The global halal foods market size is expected to grow to $2228.63 billion in 2026 at a CAGR of 14.6%. The global halal food market size is expected to grow from $1134.14 billion in 2021 to $1290.35 billion in 2022 at a compound annual growth rate (CAGR) of 13.8%. This growth is attributed to the increasing demand for halal-certified products, rising awareness about the benefits of halal ingredients, and the growing global Muslim population. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service, By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy Privacy Policy Global Halal Food Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion, 7. According to the latest report by IMARC Group, titled,"Halal Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global halal food market reached a value of US$ 2,221.3Billion in 2022. The analyst has been monitoring the halal food market and it is poised to grow by $427.68 bn during 2023-2027, accelerating at a CAGR of 4.52% during the forecast period. The global halal food market is anticipated to grow significantly over the forecast period, owing to the growing Muslim population and dramatically rising food demand and prices. Companies must cater to this demand if they want to succeed in the halal food marketplace. Blockchain platform offers transparency in the halal economy and allows to trace the origin of halal food products.The countries covered in the halal food market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Key Topics Covered: 1. Increasing awareness of halal food among both consumers and restaurateurs will also promote growth in the market. DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem. Since halal foods are often more expensive than their counterparts, retailers are catering to Muslim customers by offering special deals on halal products. Our report on the halal food market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well . and Market Summary: On the basis of the product, the market has been classified into meat, poultry & seafood, fruits & vegetables, dairy products, cereals & grains, oil, fats & waxes, confectionery, and others. Meat is a meal made from the flesh of an animal. Create regional and country strategies on the basis of local data and analysis. Global Halal Food Forecast Market, 2021-2026F, 2031F, $ Billion5.2.1. IMARC GroupUSA:+1-631-791-1145Email:[email protected]:https://www.imarcgroup.comFollow us on twitter :@imarcglobal, ( US: +1-631-791-1145 ) Meat ( UK: +44-753-713-2163 ) Outperform competitors using forecast data and the drivers and trends shaping the market. ( India: +91 120 433 0800 ). Increasing efforts by organizations . Through incorporating the Web's immediacy with the power of streaming audio and video, Data Bridge Market Research Webinars are one-hour, topic-specific seminars filled with the knowledge and perspectives needed to tackle business needs in the real world. Terms and Conditions, Global Halal Food Market Industry Trends and Forecast to 2028, Can be used by entire organization across the globe + Downloadable and Printable PDF. This report provides strategists, marketers and senior management with the critical information they need to assess the global halal food market. Halal certification has become one of the most sought-after certifications in the food industry, with more than 3,500 companies now certified by leading organizations like Global Halal Alliance (GHA) and Islamic Standards Committee (ISC). Speak to Analyst for your custom requirements: https://skyquestt.com/speak-with-analyst/halal-food-market, SkyQuest Survey Reveals Consumers are Willing to Pay More for Halal Food and Product Availability is Increasing At Rapid Pace. This leads to innovation and our clients to come out as winners. The global halal food market attained a value of USD 1.2 trillion in 2020, driven by the growth in the demand for halal goods. The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Show all statistics (3) Halal food. Learn More. 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. It includes examining and planning all the data acquired from the past in advance. By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research 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 collection and base year analysis are done using data collection modules with large sample sizes. Westford, USA, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Islamic dietary law mandates that meat, poultry, and seafood be supplied halal, meaning that they must meet certain religious requirements concerning the way they were killed. Fruits & Vegetables Apart from this, the introduction of several value-added food items, including pizzas, candies, burgers, sandwiches, soups and hot dogs made as per the Islamic dietary law, is providing an impetus to the market growth. Understand customers based on the latest market research findings. HOME . The report gives a guide to the halal food market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.Reasons to Purchase, Major players in the halal food market are Al Islami Foods, Al-Falah Frozen Foods, BRF, DagangHalal Sdn. At DBMR, we are continuously striving to become one of the most trusted companies in the world, uniquely positioned to provide emerging healthcare technology market intelligence solutions and market research reports for- Medical Devices, Healthcare IT & Services, Life Sciences & Biotech, and Emerging Healthcare Technologies, covering the entire industry spectrum. DUBLIN, Nov. 22, 2022 /PRNewswire/ --The "Halal Food Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering. In todays world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. 4.1.1 Impact of COVID-19 on Global Halal Food and Beverage Market; 4.2 Consumer Buying Behavior on Global Halal Food and Beverage Market; 4.3 Global Halal Food and Beverage Market - PESTEL Analysis 4.3.2 North America; 4.3.3 Europe; 4.3.4 Asia Pacific; 4.3.5 Latin America; 4.3.6 Middle East and Africa The Islamic faith is the second most practicing religion in the world after Christianity, with approximately 1.98 billion followers worldwide and over 26 Muslim countries. 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