Global Halal Food Market Overview: Latest Trends, Industry Size, Share and Growth Projection
“Markntel Advisors – Leading Market Research Company” has recently conducted a comprehensive examination of the Global Halal Food Market, encompassing the forecast period from 2024-30. Utilizing data from the historical period of 2019-22, with 2023 serving as the base year, our proficient team of analysts has devoted considerable time to gather and scrutinize the latest market information. The result is a thorough and current report that proves valuable for individuals making data-driven decisions, including business owners and analysts. Whether your objective is to explore new markets, introduce a new product, or maintain a competitive edge, our research report on the Halal Food Market offers well-researched facts and figures relevant to the industry.
Halal Food Market Driver
Increasing Growth in Halal Tourism in Non-Arab Countries– There has been a significant expansion in Halal tourism around the globe driven by consumers demanding travel experiences aligning with their cultural and religious values. The travel requirements of Muslim travelers following Halal regulations require specific conditions, including alcohol-free restaurants, only hallal food-providing outlets, Muslim-friendly accommodations, prayer rooms, etc.
Furthermore, not only the Arab countries but also countries like Brazil, Argentina, the Philippines, Nigeria, China, Taiwan, etc., are becoming leading destinations for Halal tourism, owing to the services and facilities provided. The countries provide a suitable environment for Muslims following halal specifications, propelling tourism in the countries. For instance:
- In 2022, according to the Global Muslim Travel Index, Malaysia was positioned as the number one destination for Halal Tourism globally.
Thus, the rising Halal tourism across the globe is leading to a significant increase in the establishment of hotels, restaurants, cafes, and food outlets suiting the halal guidelines. This, in turn, is increasing the demand for halal food products. Also, consumers looking for diverse culinary experiences while aligning with their religious beliefs are significant drivers behind the surging demand for halal meat, dairy, and confectionery products, thus driving market growth.
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Halal Food Market Segmentation Analysis:
The Halal Food Market displays a notable combination of robustness and fragmentation, featuring various segments each further subdivided into various sub-segments. Recognizing the significance of market segmentation is crucial for businesses aiming to tailor their strategies, products, and services to align with the specific needs and demands of their target customers. A thorough analysis of market segments and their associated sub-segments empowers businesses to pinpoint new growth opportunities, predict market trends, and devise impactful marketing and sales strategies.
The Global Halal Food Market is segmented as follows:
By Product Type
- Meat Products- Market Size & Forecast 2019-2030, (USD Million)
- Poultry- Market Size & Forecast 2019-2030, (USD Million)
- Chicken- Market Size & Forecast 2019-2030, (USD Million)
- Turkey- Market Size & Forecast 2019-2030, (USD Million)
- Others (Goose, Duck, etc.) – Market Size & Forecast 2019-2030, (USD Million)
- Beef- Market Size & Forecast 2019-2030, (USD Million)
- Mutton- Market Size & Forecast 2019-2030, (USD Million)
- Seafood- Market Size & Forecast 2019-2030, (USD Million)
- Poultry- Market Size & Forecast 2019-2030, (USD Million)
- Dairy Products- Market Size & Forecast 2019-2030, (USD Million)
- Milk- Market Size & Forecast 2019-2030, (USD Million)
- Others (Cheese, Butter, etc.) – Market Size & Forecast 2019-2030, (USD Million)
- Fruits & Vegetables- Market Size & Forecast 2019-2030, (USD Million)
- Cereals & Grains- Market Size & Forecast 2019-2030, (USD Million)
- Plant-based & Vegan Products- Market Size & Forecast 2019-2030, (USD Million)
- Others (Confectionary, Oils, Fats, etc.) – Market Size & Forecast 2019-2030, (USD Million)
By Distribution Channel
- Offline- Market Size & Forecast 2019-2030, (USD Million)
- Supermarkets & Hypermarkets- Market Size & Forecast 2019-2030, (USD Million)
- Convenience Stores- Market Size & Forecast 2019-2030, (USD Million)
- Specialty Stores- Market Size & Forecast 2019-2030, (USD Million)
- Online- Market Size & Forecast 2019-2030, (USD Million)
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
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Leading Halal Food Market Player
The report delves into key market players and thoroughly examines their strategic approaches, trends, innovations, and manufacturing infrastructure to project their anticipated market presence over the next five years. The researched data has the capability to differentiate even novice entrants in the long term. Armed with pertinent data and actionable insights, our research report presents a comprehensive landscape of the market, empowering investors and stakeholders to establish a robust position in the Halal Food market. Highlighted in the research report are major players, including:
- Cargill Inc.
- BRF Global
- Mondelez International
- Del Monte Llc
- Unilever Plc
- Nestlé (Malaysia) Berhad
- Tyson Foods Inc.
- Al Islami Foods
- Saffron Road
- QL Resources Berhed
- Garuda Foods
- Haoyue Group
- Kawan Food Manufacturing Sdn Bhd
- American Foods Group LLC
- Tahira Foods Ltd.
accompanied by their respective net worth and valuation in USD.
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Key Questions Answered in this Halal Food Market Analysis Report
- What is the current size of the Halal Food Market, and what factors contribute to its growth or contraction?
- How does the Halal Food Market share compare among key players, and what strategies are they employing to gain a competitive advantage?
- What latest trends are emerging in the Halal Food Market, and how are these trends expected to evolve in the foreseeable future?
- What is the demand outlook for the Halal Food Market, and how is it influenced by industry-specific factors and broader economic trends?
- What opportunities exist in the Halal Food Market for investors, and what are the latest investment trends and preferences in this sector?
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