Another challenge is ensuring that products are properly processed and packaged so they meet the specific requirements of the halal certification process. The Global Halal Food market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2028. 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 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. This research study on . 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. The increasing demand for halal-certified food among Muslims is due to the assurance of food safety and hygiene. The majority of consumers are looking for halal food products that are authentic and relevant to their cultural background or beliefs. Fruits & Vegetables Lack of global regulatory body for certification of halal food products will also act as market growth restraints. 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. Global halal industry market share worldwide by sector 2018-2024. The global halal food industry is expected to witness a CAGR of 3.6% during the forecast period owing to . 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. 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. A final challenge is marketing halal food to a wider audience in the halal food 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. 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. 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. COPYRIGHT 2022 MAXIMIZE MARKET RESEARCH | All Rights Reserved. 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. 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. The global halal food and beverage market is expected to reach USD 1063.11 billion by 2030. Global Halal Food Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion, 7. Global Muslim market size in 2019 and 2024. 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. 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. Bhd., Saffron Road Food, Tahira Foods Ltd., The American Halal Co. Inc., American Foods Group LLC, Beijing Shunxin Agriculture, and Jingyitai Halal Food. 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 foods market size is expected to grow to $2228.63 billion in 2026 at a CAGR of 14.6%. 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. 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. 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. Increasing efforts by organizations . 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 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. The report the halal food market provides a holistic analysis, market size and forecast, trends, growth drivers . The global halal food market is expected to witness significant growth across Russian and China market. Global Halal Food Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion, 6.3. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. 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. It likewise envelops the examination of information inconsistencies seen across different information sources. The rising Muslim population across the world is significantly contributing to . 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. This growth has created a supply glut of halal products, which is hindering growth for certifiers and driving up prices. 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 segmented on the basis of type, distribution channel, product type and product base. Drivers Of The Market5.2.2. Specialty Stores 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. Restraints On The Market5.2. On the geographical front, Asia Pacific is the leading market for halal food, accounting for the majority of the total market share. 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. 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. from 8 AM - 9 PM ET. Global Halal Food Market Scope and Market Size. The growth of halal food across these countries is mainly attributed to rapidly increasing meat products consuming population. In addition, these platforms are now providing tools and resources for restaurateurs who want to serve halal dishes. In addition, 86% said that price was not a critical factor when purchasing halal products versus 74% who said the same about kosher foods. Accept Cookies & Privacy Policy Currently, meat, poultry and seafood are the most preferred food products in the market. It has 450+ happy clients globally. High costs associated with the research and development proficiencies and with the establishment will also hamper the market growth rate. Increasing awareness of halal food among both consumers and restaurateurs will also promote growth in the market. development in the industry upstream & downstream, industry development, participants, type segment, and market application, 2018-2023. One of the most important challenges for the halal food industry is educating consumers about what constitutes halal food. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. This can be difficult because "the infrastructure and technology required by Halal meat processors may not be readily available or affordable.". 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 market data is analysed and estimated using market statistical and coherent models. 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. It includes examining and planning all the data acquired from the past in advance. and Global Halal Food Market: Summary of this market research report focuses on past-current size, shares, trends, price, segment & forecast. The global halal food market is expected to grow at a CAGR of more than 18% by 2025. Global Halal Food Historic Market, 2016-2021, $ Billion5.1.1. Global halal ingredients market is expected to reach USD 72.81 billion by 2028, at a CAGR of 5.42% from 2021 to 2028. On the basis of distribution channel, the halal food market is segmented into hypermarkets/ supermarkets, convenience stores, online channel and others. 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%. https://skyquestt.com/sample-request/halal-food-market, Manufacturers Rushing to Get Halal Certification. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. This report provides a detailed . Home / Press Release / Global Halal Food Market. 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. Benchmark performance against key competitors. Terms and Conditions. This, along withthe rising concern regarding food safety, hygiene, and reliabilityis driving the market growth. Suitable for supporting your internal and external presentations with reliable high quality data and analysis. Many people unknowingly purchase foods that are not halal because they do not know what to look for. It contains an in-depth outline of the market . 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. 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. In addition, they want these products to be healthy and affordable. 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. Halal Food Market Characteristics3. 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. The global halal foods market size is expected to grow to $2228.63 billion in 2026 at a CAGR of 14.6%. 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. Second, Halal certification has become an important marketing tool for food businesses seeking to appeal to Muslim customers. DMCA Protected DataBridge - All Rights Reserved. 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. Since halal foods are often more expensive than their counterparts, retailers are catering to Muslim customers by offering special deals on halal products. By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research 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. 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 . Global Halal Food Market 2021-2025. 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. On the basis of type, the halal food market is segmented into halal food, halal drinks and halal supplements. The market size of Halal Food 3900 will reach xx in 2026, with a CAGR of xx% from 2020 to 2026. IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Global market value of halal food 2017-2023. 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. 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). Utilize the relationships between key data sets for superior strategizing. Some companies in the halal food market are attempting to address this issue by developing niche halal ventures. At present, supermarkets and hypermarkets represents the largest segment, dominating the market. Global Halal Food Forecast Market, 2021-2026F, 2031F, $ Billion5.2.1. Sweeteners, Supermarkets & Hypermarkets Our analysts take pride in our clients success. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. 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. 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. 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 Additionally, the increasing awareness among Muslims regarding the need and necessity to consume only halal food is favoring the market growth. 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. 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. 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. 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. 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. Other Retail Formats. 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. Organic Halal Food Market Report. 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. Halal food is distributed using hypermarkets, supermarkets, online stores, and specialty stores channels. 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. 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. 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. 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. and Halal Food Market Regional And Country Analysis7.1. 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. 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%. Terms and Conditions. BURLINGAME, CALIFORNIA, UNITED . 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. 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. and The halal food market is expected to . 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 halal food market is expected to . DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately. 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. Global Halal Food Market 2023-2027. 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%. 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. Halal certification plays an important role in satisfying consumer demand for authentic halal foods. The halal food items are packaged and stored in utensils, which have been cleaned as per the prescribed guidelines. Meat is a meal made from the flesh of an animal. 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. 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. Outperform competitors using forecast data and the drivers and trends shaping the market. Based on the distribution channel, the market has been divided into traditional retailers, supermarkets & hypermarkets, online, and others. Poultry & Seafoods, Native Starch Convenience Stores Bhd., Midamar Halal, Prima Agri-Products, QL Foods Sdn. 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%. 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. 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. 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. Global Halal Food Market: Industry Analysis and Forecast (2022-2029). Privacy Policy. 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. 2022 IMARC Services Private Limited. 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