Halal Food Market | Growing Industry Crucial Key Players - Cleone Foods, Kawan Foods, Janan Meat, Saffron Road Food, Dagang Halal, QL Foods, Al Islami Foods and Nestle.
The report " Halal Food Market, [By Product Type (Raw Meat, Processed & Packed Food, Bakery & Confectionery and Others); By Regions]: Market size & Forecast, 2018 – 2026", 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 report.
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.
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Some of the leading industry participants in the Halal Food market:
1. Cleone Foods
2. Prima Agri-Products
3. Cargill, Kawan Foods
4. Janan Meat
5. Saffron Road Food
6. Dagang Halal
7. QL Foods
8. Al Islami Foods
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.
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.
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The industry is observing an increasing trend of new products launches, major market players are observed engaging in innovative technology and new product development activities. This can be largely attributed to the increasing demand of variety in products especially from the packaged food segment. Asia Pacific Halal Food market is expected to retain the largest market share over the forecast period, due to the presence of emerging nations such as India, Indonesia, Malaysia, Bangladesh, Maldives, and Pakistan. A large majority of population in these nations follow Islam. Moreover, MEA region is also anticipated to acquire a considerable share in the global halal food market.
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.
Competitive Landscape and Key Vendors
The global halal food market is characterized by the presence of numerous regional, international and local players, but is largely dominated by well-established international players. The market players are observed competing on the basis of comprehensive range of products along with the certificate of authenticity, along with quality, and pricing. They are extensively spending on research & development activities to facilitate the introduction of new products and expand their product portfolio to cater to the growing need of consumers.
• Raw Meat
• Processed & Packed food
• Bakery & Confectionery
• North America
• Latin America
• Asia Pacific
• Middle East
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About Polaris Market Research
Polaris Market Research is a global market research and consulting company. 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. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
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