Halal Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030 (Recession Impact Analysis)
ID : MRU_
23893 | Date :
Jan, 2023 | Pages :
180 | Region : Global |
Publisher : RI
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.
Downstream growth in demand prompted the rapid growth of halal food in Europe, which is because of both growth of population of Muslim and the growth of Muslim income in these countries.
European halal food industry is quite fragmented with a large number of companies can produce halal food but the companies passed the halal certification are limited. Although halal certification is considered a key enabler for the successful development of the global halal industry, the industry is still plagued by the issue of differing certification standards. The lack of a single, unified global halal standard is a pressing issue within the halal industry.
Halal food is going to be main-stream in Europe. And the downstream consumption market is constantly expanding, not only the Muslims, but also non-Muslim began to join the ranks of the consumer. As for the age of consumption, the young generation of Muslims is agents of change for the halal industry. Supermarkets, hypermarkets and food distribution chains are increasing their share of halal distribution, capitalizing on young halal consumers\' interests in having the same choices as non-halal consumers.
The Global Halal Market had reached xxx million USD with a CAGR xx from 2018-2022. Later on, it will go to xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.
In the global Halal Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.
In Market segmentation by manufacturers, the report covers the following companies-
Tsaritsyno
Halal-ash
Ekol
Simons
Crown Chicken (Cranswick)
Shaheen Foods
Euro Foods Group
Eggelbusch
Cleone Foods
Reinert Group
Pure Ingredients
Reghalal
Tariq Halal
Casino
Tesco plc
Tahira Foods Ltd
Isla Delice
Nestlé SA
Carrefour SA
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types :
Fresh Products
Frozen Salty Products
Processed Products
Cereal and Cereal Product
Others In Market segmentation by applications :
Restaurant
Hotel
Home
Others
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Halal Market for the forecast period 2023 - 2030?
• What are the driving forces in the Halal Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Halal industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players? Any special requirements about this report, please let us know and we can provide custom report.
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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