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Halal Products Market:Recent Developments and Industry Overview by 2024

09-07-2018 11:32 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Halal Products Market:Recent Developments and Industry

In accordance with a recent market research report that has been published by Transparency Market Research, the world market for halal products is forecasted to expand at a CAGR of 16.2% over the period between 2016 and 2024. The report also projects the international market for chilled and deli foods to reach a market valuation of around US$ 10.51 trillion by the year 2024. The overall market was worth around US$ 2.70 trillion in the year 2015.

Asia Pacific to Lead the Market over the Period of Forecast

The world market for halal products has been regionally segmented into the geographies of Latin America, North America, Asia Pacific, Middle East and Africa, and Europe. Due to the presence of a large number of certified manufacturers and large base of Muslim population, the world market for halal products in Asia Pacific is projected to have a substantial positive impact on the overall development of the world halal products market in the near future.

Request For Report Brochure For Latest Industry Insights @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=16643

From a country-wise outlook, the US, Brazil, and India are some of the most important exporters of halal products. The market for halal products in Middle East and Africa and Asia Pacific regions cumulatively accounted for more than 80% of the said global market in the 2015. The halal products market is also anticipated to experience strong growth in Europe over the period of forecast period, basically driven by the growing Muslim population the Western European nations such as the U.K., France, and Germany. The halal market demand is also forecasted to be augmented by the large Muslim population based in Russia and CIS countries.

Development of Islamic Countries to Bolster Market Demand

The rising population in Muslim nations has been prognosticated to be a standout factor substantially bolstering the demand for halal products. Muslims have always been a main shoppers group for halal products. The developing populace of Muslims worldwide is estimated to be a promising variable for the advancement of the market in the years to come.

Obtain Report Details @ https://www.transparencymarketresearch.com/halal-products-market.html

The fast development of Islamic countries in the Middle East and Southeast Asia owing to the increasing discretionary cash flow could serve as an additional factor speeding up the development of the global halal products market. The interest for halal products could be further pushed across the globe due their inclusion in varieties of food products. Apart from food and beverages, halal products have been envisioned to find applications in various other sectors such as pharmaceuticals, nutraceuticals, food supplements, personal care products, and bakery.

About Us

Transparency Market Research (TMR) is leader in analytics, research, and advisory services for Fortune 500 companies, scores of high potential startups, and financial institutions. Our success stories have proven why we are a preeminent provider of cutting-edge syndicated and customized research services. Leverage the best of our seasoned research analysts who hold a keen interest and enviable expertise of almost 4 million hours in global, regional, and local market intelligence.

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Website: http://www.transparencymarketresearch.com

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