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The Global Halal Food & Beverage Market to Reach $770.76 Billion by 2027

05-07-2020 02:18 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Triton Market Research

Global Halal Food and Beverage Market

Global Halal Food and Beverage Market

According to a Triton Market Research report on the global halal food & beverage market, the industry, which accounted for $462.85 billion in 2018, is expected to grow at a CAGR of 5.85% by the year 2027.

A study by Triton Market Research with the title 'Global Halal Food & Beverage Market,' covers the Global Analysis and Forecast for 2019-2027 by Product Type (Halal Meat & Alternatives, Halal Fruits & Vegetables, Halal Milk & Milk Products, Others), by Distribution Channels (Supermarkets & Hypermarkets, Traditional Retailers, Online, Others), by User Demographics (Non-Muslims, Muslims) and by Geographical Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa).
Halal food is the one that is not prohibited in Islam or the one that adheres to Islamic law. As about one-quarter of the world's total population is Muslim, there is considerable potential in the halal food & beverage market. Even in non-Muslim dominated countries like China, growth in the popularity of halal food is witnessed as it increasingly being considered trustworthy.

Request Free Sample of the Global Halal & Food Beverage Market Report @ https://www.tritonmarketresearch.com/reports/global-halal-food-&-beverage-market#request-free-sample

According to the report, the global halal food & beverage market is anticipated to reach $770.76 billion by 2027, growing at a CAGR of 5.85% over the forecasted period from 2019 to 2027. The growing Muslim population, coupled with the increasing awareness regarding halal food among the non-Muslim population, is primarily driving this market. However, the difficulty in the implementation of halal standards through the value chain is hampering the market growth over the forthcoming years.

Based on product type, the halal food & beverage market is divided into halal meat & alternatives, halal fruits & vegetables, halal milk & milk products and others. Considering the distribution channels, the market is segmented into supermarkets & hypermarkets, traditional retailers, online and others. While according to user demographics, the market is categorized into non-Muslims and Muslims.

As per the regional landscape, the Middle East and Africa is expected to be the fastest-growing region for the halal food & beverage market over the forthcoming years. The increase in the Muslim population and the rising authoritative initiatives are driving the market growth in countries like the UAE, Saudi Arabia, Turkey and South Africa.

Likewise, Asia-Pacific is anticipated to be the largest halal food & beverage market during the estimated period. The increasing number of Muslims due to the rising volume of conversion into Islam and growing migration from Muslim countries is a major factor for the increasing demand. Besides, the growing popularity of halal food among non-Muslims due to the increasing awareness about its benefits, is aiding the market growth in the region.

Cargill Incorporated, Crescent Foods, Nema Food Distributon Inc, Namet, Kawan Food Berhad and Allanasons Private Limited are some of the companies engaged in the halal food & beverage market.

Purchase this Report @ https://www.tritonmarketresearch.com/reports/global-halal-food-&-beverage-market#purchase-option

Question & Answer: Halal Food & Beverage Market
Question 1: What factors are responsible for the growth of the halal food & beverage market?
Answer: The growing Muslim population, coupled with the increasing awareness regarding halal food among the non-Muslim population, are primarily driving this market.

Question 2: What are the restraints in the growth of the halal food & beverage market?
Answer: The difficulty in the implementation of halal standards through the value chain is hampering the market growth over the forthcoming years.

Question 3: How are the Middle East and Africa, and Asia-Pacific influencing the halal food & beverage market outlook?
Answer: As per the regional landscape, the Middle East and Africa is expected to be the fastest-growing region for the halal food & beverage market over the forthcoming years. The increase in the Muslim population and the rising authoritative initiatives are driving the market growth in countries like the UAE, Saudi Arabia, Turkey and South Africa.

Likewise, Asia-Pacific is anticipated to be the largest halal food & beverage market during the estimated period. The increasing number of Muslims due to the rising volume of conversion into Islam and growing migration from Muslim countries are major factors for the increasing demand. Besides, the growing popularity of halal food among non-Muslims due to the increasing awareness about its benefits, is aiding the market growth in the region.

Question 4: Which companies are covered in the competitive landscape of the report on the halal food & beverage market?
Answer: Cargill Incorporated, Crescent Foods, Nema Food Distributon Inc, Namet, Kawan Food Berhad and Allanasons Private Limited are some of the companies engaged in the halal food & beverage market.

Related Report:
Global Fermented Food and Ingredients Market

The global fermented food and ingredients market is expected to witness revenue growth at $919.32 billion by 2027, exhibiting a CAGR of 4.26% during the forecasting years 2019-2027.

The increasing awareness about healthy lifestyle, coupled with the changing dietary habits of the people, is the major reason behind the growth of fermented food and ingredients market. In order to supply healthy food to the rising population, preservation of food is essential. The growing demand for preservatives is set to accelerate market growth.

Besides, strategic initiatives such as mergers and acquisitions taken by the top companies are generating immense opportunities for the market. Moreover, the development of region-specific products is aiding the growth of the halal food & beverage market.

Triton Market Research
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London E16 2EQ
Phone: +44 7441 911839
Email: sales@tritonmarketresearch.com
Website: https://www.tritonmarketresearch.com/

We are a leading market research company with offices in the UK, providing the best online market research and data search reports to our clients.

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