According to the latest IMARC group report, entitled “Halal food market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026“, the global halal food market reached a value of US $ 1.9 trillion in 2020. Looking ahead, IMARC Group expects the market to grow at a CAGR of 11.3% during from 2021-2026.
Halal food products refer to foods and beverages prepared following the guidelines of Islamic food law. According to this law, the consumption of several items, such as pork and its by-products, alcohol, animals not killed in the name of Allah or dead before slaughter, etc., are considered “haram” or prohibited. In addition, halal food products are also packaged and stored in containers which have been cleaned in accordance with Sharia rules.
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report.
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The increase in the Muslim population across the world and the increase in disposable income levels are contributing to the increase in meat consumption. This increases the demand for global halal certification of food products thereby boosting the market growth. In addition, various manufacturers are also introducing many value-added food products, such as hot dogs, soups, burgers, cookies, etc. to expand their product portfolio, meeting various tastes and preferences of consumers. In addition, the growing penetration of e-commerce platforms that offer easy and secure payment options as well as a wide variety of halal certified food products further enhances the growth of the market. In addition, the growing popularity of halal food as a brand of food hygiene and reliability, especially among non-Muslim consumers, will continue to fuel the global market for years to come.
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Key market segmentation:
The competitive landscape of the market has been studied in the report along with the detailed profiles of the major players operating in the market.
Some of these key players include:
- QL Foods
- Al Islami Foods
- Dagang Halal
- Safran Road Food
- Kawan Foods
- Janan’s Meat
- Prima Agri-Products
- Tahira Food
- Halal Al-Falah Foods
Breakdown by product:
- Meat, Poultry & Seafood
- Fruits and vegetables
- Dairy products
- Cereals and cereals
- Oils, fats and waxes
Breakdown by distribution channel:
- Traditional retailers
- Supermarkets & Hypermarkets
- In line
Breakdown by region:
- North America (United States, Canada)
- Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, others)
Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Impact of COVID-19 on the market
- Porter’s Five Forces Analysis
- Historical, current and future market trends
- Market drivers and success factors
- SWOT analysis
- Market structure
- Value chain analysis
- Complete mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
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Other IMARC group market reports (2021-2026):
Key words: Industry Analysis of Halal Food Market, Halal Food Market Size 2021, Halal Foods Market Research Report, Halal food market, Halal Food Market Report, Halal food, Halal food market share, Global Halal Food Market
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