Halal Food and Beverages Market Worth Above USD 2.2 Trillion by 2026| Nestle, Cargill, American Foods Group, Saffron Road Foods, AL SAFA FOODS, Al Islami Foods, Al Shaheer Foods, AROMCO LIMITED, Crescent Foods

Recent research and the current scenario as well as future market potential of "Global Halal Food and Beverages Market - 2019-2026".

The Global Halal food and beverages Market is valued at more than USD 1.5 tillion in 2020 and is forecasted to cross USD 2.2 trillion by 2026, with a CAGR of above 5.5% during the forecast period 2021-2026.

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The global Halal food & beverage market is becoming one of the fastest grow-ing market segments. Halal food refers to items that are permissible for consumption by Shariah law.

Drivers and restraints:

The fast-growing Muslim population worldwide is the primary driver for the Halal food and beverages market. And if the current trends continue then, Islam is estimated to be 30% of the world's population by 2030. The growth in the Muslim population will boost the demand for Halal foods rapidly.

Consumers nowadays are so much concerned and always be aware of what they eat, drink and use. Due to the hygiene and quality of Halal food products, their market has been ex-tended to Non-Muslims countries as well.

The key challenges which the Halal food market faces are lack of standardization, lack of OIC halal brands, the absence of any viable international schemes to accredit Halal certifi-cation bodies (HCBs) and lack of SME Shariah-compliant funding.

Market Segment Analysis:
The Global Halal Food and Beverage market report segment the market by type and by ge-ography. By type, the market has been segmented as- Meat Products, Vegetables & fruits products, Confectionary & Dairy products, Sauces & Seasonings and Others. The meat-based products includes Chicken, Beef, Mutton and Seafood. These products come into fresh, chilled or frozen forms. The beef was the most imported meat type to OIC countries in 2015.

Geography Analysis:
By geography type, the report segments the market by- North America, South America, Eu-rope, Asia-Pacific and rest of the world. Southeast Asia and the Middle East are the two sub-stantial halal food markets which represent more than 400 million Muslim consumers. Saudi Arabia is the largest market for halal foods and beverages in the Gulf, accounting for 63% of all of the region's imports. Saudi Arabia has a 100% Muslim population of which, 90% are Arabs, and the remaining 10% are Afro-Asians. The fact that Saudi Arabia is the homeland of Islam and the two Holy cities for Muslims, i.e. Makkah and Madinah are within its territory, makes Islamic laws are highly observed. This fact also flings a perception that all foods available in the market are Halal.

The report profiles the following companies- Nestle, Cargill, American Foods Group, Saffron Road, Al Safa, Al Islami, Al Shaheer, Aromco Ltd., Crescent Foods, and Bidara Herba Niaga.

Key market segments covered

By Type
Meat and Meat based Products
Vegetable & Fruit products
Confectionary & Dairy Products
Sauces & Seasonings
Others

By Region
Asia Pacific
Europe
North America
South America
Rest of the World

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Why purchase the report?
Visualize the composition of the Global Halal food and beverages Market across each indication, concerning type highlighting the critical commercial assets and players.
Identify commercial opportunities in global Halal food and beverages Market by analysing trends and co-development deals.
Excel data sheet with thousands of data points of the global Halal food and beverag-es Market level 4/5 segmentation
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Product mapping in excel for the critical global Halal food and beverages Market products of all major market players
Target Audience
Raw Material Suppliers/ Buyers
Product Suppliers/ Buyers
Industry Investors/Investment Bankers
Education & Research Institutes
Research Professionals
Emerging Companies
Manufacturers

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