Global Halal Food Market 2018 : Cleone Foods, Prima Agri-Products, Cargill, Kawan Foods, Janan Meat, Saffron Road Food, Dagang Halal, QL Foods
The global halal food market is expected to grow from USD 474.48 billion in 2017 to USD 922.53 billion by 2026, at a CAGR of 7.7% during the forecast period according to a study published by Polaris Market Research.
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Top Industry Players
• Cleone Foods,
• Prima Agri-Products,
• Kawan Foods,
• Janan Meat,
• Saffron Road Food,
• Dagang Halal,
• QL Foods,
• Al Islami Foods
One of the major factors propelling the Halal Food market growth is the growing awareness about the advantages of consuming halal food. In addition, the rapidly growing Muslim population is favoring the Halal Food market growth. Furthermore, adherence to strict purity standards makes the end products quiet appealing to both non-Muslim and Muslim customers.
Increasing population of vegans, and Islam followers are supporting the usage of Halal certified food. Generally, the prohibited ingredients list includes traces or substances from animals that are forbidden by Sharian law such as dog, pig, collagen, glycerin, and allantoin, among others. Moreover, each andevery product requires passing certain sets of test and attaining certification.
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Meat processing companies have increase almost double compared to the last decade. Small kirana store butchers and specialty outlets have been the major sources of retail outlets in the current scenario, however raw meat selling chains & franchise with branded meat products are anticipated to increase in the developing nations during our forecast period. Meat being the highest bought food among the Muslims is expected to experience an upper hand compared to the other categories.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Halal Food Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada. Europe is divided into Germany, UK, Italy, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
About us Polaris Market Research
Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.
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