Halal food refers to food and beverages that are cooked strictly as per the norms outlined in Islamic dietary regulation. Alcohol, blood, pig, by-products of pork and blood, animals that are died before butcher, as well as those who are not slain in the name of Allah are all regarded 'haram,' or forbidden for ingestion. Furthermore, halal food products are delivered and stored in kitchenware that has been disinfected in accordance with the required rules.
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.
Halal Food Market overview:
The Halal Food market's competitive landscape comprises information about rivals. A firm overview, financials, revenue produced, market potential, R&D investment, new market efforts, geographical presence, business strengths and weaknesses, product launch, and application domination are among the topics covered. The following information is only relevant to the organization's focus on the Halal Food market.
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Halal Food Market scope:
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). To create percentage splits, market shares, and segment breakdowns, weights based on usage rate and average sale price are applied to each location. The percentage acceptance or usage of the given market Size in the relevant area or nation determines the country-wise segmentation of the main market and its sub-segments.
Segmentation:
Based on Product Type, the global Halal Food market is segmented into Cereals & Grains, Fruits & Vegetables, Milk & Dairy Products, Meat and Poultry & Seafood’s. The Meat Food segment held the largest market share of xx% in 2021. Because of the growing Islamic population, the consumption for halal-labelled beef products is likely to rise quickly. The founding of the Organization of Islamic Cooperation (OIC) has put the organisation in a good position to take the lead in establishing a global standard for these foods. Because of the development of these types of organisational figures, industry participants have had a lot of success in gaining customer loyalty and driving product portfolio penetration to even greater levels.
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Key Players: Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers' annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data. The following are the key players of the Halal Food market-
• Janan Meat
• Kawan Foods
• Cargill
• Prima Agri-Products
• Nestle
• BRF
• Al-Falah Halal Foods
• Tahira Food
• Beijing Shunxin Agriculture
• Jingyitai Halal Food
• Humza Foods
• Raj Foods
• Azzayt SLU
• Forward Farma BV
• Udine
Regional Analysis:
Individual market influencing components and changes in market rules that affect current and future market trends are also investigated in the geographical component of the research. Some of the factors used to forecast market scenarios for various countries include downstream and upstream value chain analysis, technological trends, Porter's five forces analysis, and case studies.
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COVID-19 Impact Analysis on Halal Food Market: Furthermore, the research assesses the impact of COVID-19 on the Halal Food market. The fundamental purpose of this research is to help users understand the market in terms of definition, segmentation, market potential, key trends, and difficulties that the industry confronts across major regions. The paper provides a microeconomic and macroeconomic analysis of the overall impact of COVID-19 on the Halal Food Market. The report focuses on market share and size, clearly demonstrating the pandemic's influence on the worldwide Halal Food Market in the next years.
Key Questions Answered in the Halal Food Market Report are:
- What will be the Halal Food market's CAGR throughout the projected period (2021-2027)?
- Which market category emerged as the market leader in the Halal Food industry?
- Who are the key players in the Halal Food market?
- What are important trends in the Halal Food industry anticipated to develop throughout the forecast period?
- How big will the Halal Food market be in 2027?
- In 2020, which business segment had the highest proportion of the Halal Food market?
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