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.
Market Overview
The intelligence report on Global Halal Food market was published by Maximise Market research which indicates the expected growth in Global Halal Food market in the forecast period of 2022-2029. The Global Halal Food market is growing rapidly with a substantial growth rate over the previous years and it is estimated to grow more. The report provides Global Halal Food market drivers and restraints. It helps in recognizing the key drivers of the Global Halal Food market which driving the Global Halal Food markets growth and also helps to understand the upcoming opportunities by using the key drivers.
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Market Scope
The reports provides an in-depth analysis of the market size and its compound annual growth rate for forecast period. Leading analyst’s team has scrutinized the results and data while making of report. It also focuses on the key methods used by the competitors in the industry. It provides the reader and investors with up to data of the Global Halal Food market. Data on market size, current and future trends, market share, market dynamics, opportunities, threats and risks and the new entrants of the are represented in the report in the form of graphs, tables, pie charts and product statistics. Some methodologies were undertaken while researching such as SWOT, PESTLE and PORTER’S five forces analysis to understand the Global Halal Food market strengths and weaknesses.
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Segmentation:
Based on Product Type, the global Halal Food market is segmented into Cereals & Grains, Fruits & Vegetables, Milk & Dairy Products, Meat and Poultry & Seafood’s. The Meat Food segment held the largest market share of xx% in 2021. Because of the growing Islamic population, the consumption for halal-labelled beef products is likely to rise quickly. The founding of the Organization of Islamic Cooperation (OIC) has put the organisation in a good position to take the lead in establishing a global standard for these foods. Because of the development of these types of organisational figures, industry participants have had a lot of success in gaining customer loyalty and driving product portfolio penetration to even greater levels.
Based on Distribution Channel, the global Halal Food market is segmented into Convenience Stores, Specialty Stores, E-Commerce, Supermarkets & Hypermarkets, and Other Retail Formats. The Supermarkets & Hypermarkets segment held the largest market share of 56% in 2021. According to United Nations data, approximately 54 % of the world's population resided in cities. As a result, increased urbanisation is seen as the key driver driving the rise of the supermarket and hypermarket segments. Also, the E-Commerce segment held the 2nd largest market share of xx% in 2021. Because of the growing popularity of online shopping and the large choice of halal products available.
Key Players:
• Islami Foods
• QL Foods
• Saffron Road Food
• Dagang Halal
• Janan Meat
• Kawan Foods
• Cargill
• Prima Agri-Products
• Nestle
• BRF
• Al-Falah Halal Foods
• Tahira Food
• Beijing Shunxin Agriculture
• Jingyitai Halal Food
• Humza Foods
• Raj Foods
• Azzayt SLU
• Forward Farma BV
• Udine
Regional Analysis
Regional analysis provided in the report by MMR indicates the Global Halal Food market’s growth region wise with analysis of the Global Halal Food market in specific country. The report also provides the information regarding the Global Halal Food market dominating country as well as the least achieving countries in the industry. It also covers the geographic conditions of the market and revenue generated and in-depth analysis into the business structure and new updates.
Key Questions answered in the Global Halal Food Market Report are:
Key offerings:
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Mar 13, 2023