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MENA Halal Food Market By Segmentations, Key Company Profiles and Demand Forecasts to 2027

01-21-2021 07:22 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent market insights

MENA Halal Food Market

MENA Halal Food Market

Halal, in Arabic language, stands for lawful or permissible. Due to unclean food processing & packaging methods, food might get contaminated with bacteria or pathogens. Halal foods are manufactured with stringent halal regulations, which do not allow any haram (unlawful or unsuitable) ingredients to be mixed with the main product. Therefore, halal food products are gaining popularity among consumers, as they offer excellent advantages over most of the conventional food products.

Halal food industry is projected to gain major traction in MENA region in the near future due to rapid penetration of halal food distribution channels in the region. Moreover, increasing awareness about halal food and rapid adoption of halal food as safe and natural food are some of the key factors driving growth of the MENA halal food market.

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Increasing focus on developing halal food infrastructure (product manufacturing, product testing facilities) and favorable government initiatives to promote halal food products in MENA region is projected to fuel growth of the MENA halal food market over the forecast period. Among product type, meat products segment accounted for highest market share in 2017. Owing to increasing consumption of meat, the segment is projected to retain its dominance over the forecast period. Middle East accounted for the largest share in 2016 and is expected to retain its dominance over the forecast period. This is mainly due to large presence of manufacturers of halal food products in the region.

Detailed Segmentation:

MENA Halal Food Market, By Product Type:
Dairy Products
Meat Products
Grain Products
Vegan Products
Others

MENA Halal Food Market, By Distribution Channel:
Hypermarkets
Supermarkets
Specialty Stores
Online Channel
Convenience Stores
Others

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Some of the major players operating in the MENA halal food market include Cargill Inc., Al Islami Foods, BRF, Agthia, Fine Foods, Rhodes Food Group Holdings Ltd, Global Food Industries, LLC, and Alpha Fine Foods.

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About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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