Global Halal Food Market Research Depth Study, Analysis, Growth, Trends, Developments and Forecast 2029


Posted January 5, 2023 by pranit10

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 Overview:

The Maximize Market Research, report on Global Halal Food Market 2021 by Manufacturers, Regions, Segmentation, key players, and Application, forecast to 2029, is the culmination of thorough primary and secondary research. Global Halal Food Market 2021 Industry Research Report offers top-down and bottom-up methodologies, as well as analytical tools like Porter's Five Force Analysis, SWOT, and PESTLE analysis to find Opportunities, Challenges, Restraints, and Trends in the Global Halal Food Market. In addition, Import/export consumption, supply and demand figures, cost, price, income, and gross margins are all included in this report.

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Global Halal Food Market Dynamics:

The demand for halal cuisine grows in tandem with the global Muslim population. Another major factor driving this market's expansion is rising consumer demand for halal cuisine. According to the Organization of Islamic Cooperation, Muslim consumer spending on halal food is expected to increase by approximately USD 0.8 billion between 2017 and 2021. As a result, significant increases in consumer spending power are expected to drive economic growth during the forecast period.

The appeal of halal food to non-Muslim consumers has grown dramatically in recent years. Changing consumer attitudes toward this type of cuisine are expected to benefit market growth over the estimated time period. Halal cuisine has become a symbol of hygiene, quality, and sanitation, which has contributed to its popularity.

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Segmentation:

The global Halal Food market is divided into Convenience Stores, Specialty Stores, E-Commerce, Supermarkets & Hypermarkets, and Other Retail Formats. In 2021, the Supermarkets & Hypermarkets segment had the largest market share (56%). According to United Nations data, cities housed approximately 54% of the world's population. As a result, increased urbanisation is viewed as the primary driver of the growth of the supermarket and hypermarket segments. In addition, in 2021, the E-Commerce segment held the second largest market share of xx%. Because of the increasing popularity of online shopping and the wide variety 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
Regional Analysis:

Geographically, Global Halal Food market report is segmented into several key countries, such as North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa. In addition, report provides market size, growth rate, import and export, offers country-level analysis, integrating the demand and supply forces of Global Halal Food market of these countries that are influencing the growth of the market.

COVID-19 Impact Analysis on Global Halal Food Market:

The report has analysed overall global impact of COVID-19 on Global Halal Food market. The report offers a thorough examination of the Global Halal Food market's alternatives, challenging conditions, and difficult possibilities during this crisis. The report briefly discusses the benefits and challenges of the COVID-19 in terms of funding and market expansion. Furthermore, the study includes a collection of concepts that should assist readers in establishing and planning a corporate strategy.

In majority of the countries surveyed, public health has improved, particularly as COVID-19 immunisation campaigns have made significant headway. Supply-chain constraints and rising inflation are the two most pressing economic issues. Fortunately, reports forecasted that these problems will be temporary.

Key Questions answered in the Global Halal Food Market Report are:

What segments are covered in the Curcumin Market report?
Which region is expected to hold the highest share in the Global Halal Food Market?
What will be the CAGR of the Global Halal Food market during the forecast period?
What is the market size of the Global Halal Food Market by 2029?
What is the forecast period for the Global Halal Food Market?
What was the market size of the Global Halal Food Market in 2020?
Global Halal Food is manufactured by which manufacturing technology. What are the latest advancements in the technology? What are the trends that are causing these changes?
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Last Updated January 5, 2023