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According to our LPI (LP Information) latest study, the global Halal Food market size was valued at US$ 1422690 million in 2023. With growing demand in downstream market, the Halal Food is forecast to a readjusted size of US$ 1930990 million by 2030 with a CAGR of 4.5% during review period.
The research report highlights the growth potential of the global Halal Food market. Halal Food are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Halal Food. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Halal Food market.
The Arabic word for "permitted." Halal is commonly seen as "Halal" which means food that is permitted under Islamic guidelines as found in the Qu'ran Most food and drinks are considered Halal unless they are clearly stated as forbidden in the Qur'an (holy book of Islam) and hadith (prophetic traditions).
The halal industry is based on a belief that Muslims should eat food and use goods such as cosmetics that are "halalan toyibban", which means permissible and wholesome. In fact, the halal market is non-exclusive to Muslims, and has gained increasing acceptance among non- Muslim consumers who associate halal with ethical consumerism.
Actually, the halal industry has now expanded beyond the food sector to include pharmaceuticals, cosmetics, health products, toiletries and medical devices as well as service sector components such as logistics, marketing, print and electronic media, packaging, branding, and financing. In addition, the halal food marketplace is emerging as one of the most profitable and influential market arenas in the world food business today.
The major players in global Halal Food market include Nestle, Allanasons Pvt, BRF, Midamar, etc., and the market concentration rate is low, the top 3 players occupy about 1% shares of the global market. East Asia and Middle East & North Africa are main markets, they occupy about 55% of the global market. Fresh Products is the main type, with a share about 45%. Restaurant and Home are the main applications.
Key Features:
The report on Halal Food market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Halal Food market. It may include historical data, market Segmentation by Type (e.g., Fresh Products, Frozen Salty Products), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Halal Food market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Halal Food market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Halal Food industry. This include advancements in Halal Food technology, Halal Food new entrants, Halal Food new investment, and other innovations that are shaping the future of Halal Food.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Halal Food market. It includes factors influencing customer ' purchasing decisions, preferences for Halal Food product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Halal Food market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Halal Food market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Halal Food market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Halal Food industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Halal Food market.
Market Segmentation:
Halal Food market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
- Fresh Products
- Frozen Salty Products
- Processed Products
- Others
Segmentation by application
- Restaurant
- Hotel
- Home
- Others
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- Nestle
- Cargill
- Nema Food Company
- Midamar
- Namet Gida
- Banvit Meat and Poultry
- Carrefour
- Isla Delice
- Casino
- Tesco
- Halal-ash
- Al Islami Foods
- BRF
- Unilever
- Kawan Foods
- QL Foods
- Ramly Food Processing
- China Haoyue Group
- Arman Group
- Hebei Kangyuan Islamic Food
- Tangshan Falide Muslim Food
- Allanasons Pvt
Key Questions Addressed in this Report
What is the 10-year outlook for the global Halal Food market?
What factors are driving Halal Food market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Halal Food market opportunities vary by end market size?
How does Halal Food break out type, application?