openPR Logo
Press release

Halal Market Scenario & Consumer Demand Analysis 2020-2028 | Al Salam Bank-Bahrain, Al Rajhi Bank, INAYAH, MMA Bio Lab Sdn Bhd, Pharmaniaga, Midamar, Nema Food Co., Ivy Beauty Corporation Sdn Bhd

08-05-2021 06:22 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Adroit Market Research

Halal Industry

Halal Industry

The global halal market size is expected to reach USD 11.2 trillion by 2028. With the debut of a few events in Asia Pacific and the Middle East & African area, which are the top two regions contributing to the growth of the global market, global efforts have been witnessed growing in recent years. The partnership between Abu Dhabi and South Korea, which helped South Korea to obtain greater access to the global halal food market, is one key bilateral endeavor worth mentioning.

Get Latest Market Insights:
https://www.adroitmarketresearch.com/contacts/request-sample/627

Growing Muslim consumers coupled with the increasing offering of halal-certified products is expected to drive the global halal market over the projected period. Developed Islamic economic ecosystem coupled with investments in the halal industry by Philippines, China, and Thailand is expected to increase market concentration over the coming years. Technological advancement in the global halal industry to offer halal certified products has gained consumer attraction over the past few years. For instance, evolving blockchain technology to confirm halal compliance during each stage of the production has eliminated fraud and increased product quality.

Operating in the global halal food industry are offering halal certified ingredients in their product by virtue of growing consumer demand. Multinationals are grabbing opportunity by expanding their facilities. For instance, in 2018, Haribo, a gummy manufacturer opened a halal candy store in the UK. Moreover, growing halal consumption all over the world has encouraged multinationals to enter the market. For instance, in 2018, Japan’s Mitsubishi Corporation invested in Al Islami Foods, a UAE-based halal manufacturer. This strategic initiative will not only increase production of Al Islami Foods but also accommodate the demand for halal products domestically and globally.

In 2017, halal media & recreation industry accounted for more than 4% of the global market share. Halal media & recreation is gaining pace from big screen to Netflix for Muslims. Increasing demand for Arabic content coupled with developing local series by Netflix is expected to develop the global halal media industry over the projected period. Moreover, increased high-end production of TV series such as Ertugrul (Ottoman version of Game of Thrones) and development of spiritual apps and websites is gaining audience over the past few years. Furthermore, UK held the Muslim cultural and literature festival, this in turn, is expected to prompt the halal media & recreation industry.

Halal pharmaceutical and halal cosmetics together accounted for nearly 4% of the overall market share in 2017. Over the past few years, halal pharmaceutical and halal cosmetic products market is gaining leaps as more products are manufactured with halal standards. The increasing popularity of halal nutraceuticals followed by technological development in the pharmaceutical industry such as halalopathy is expected to drive the market over the coming years.

Al Salam Bank-Bahrain, Al Rajhi Bank, INAYAH, MMA Bio Lab Sdn Bhd, Pharmaniaga, Midamar, Nema Food Co., Ivy Beauty Corporation Sdn Bhd, CLARA INTERNATIONAL BEAUTY GROUP, and Crescent Foods are the leading players present within the global halal market. Manufacturers operating in this industry are adopting merger & acquisitions and new product development to increased market competitiveness. For instance, in 2015, Beijing Xiauxun Agriculture acquired Linxia Qinheyuan Halal Food Co.

Read more details of the report at: https://www.adroitmarketresearch.com/industry-reports/halal-market

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code - Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

Ryan Johnson
Account Manager Global
3131 McKinney Ave Ste 600, Dallas,
TX75204, U.S.A.
Phone No.: USA: +1 210-667-2421/ +91 9665341414

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Halal Market Scenario & Consumer Demand Analysis 2020-2028 | Al Salam Bank-Bahrain, Al Rajhi Bank, INAYAH, MMA Bio Lab Sdn Bhd, Pharmaniaga, Midamar, Nema Food Co., Ivy Beauty Corporation Sdn Bhd here

News-ID: 2346892 • Views: 326

More Releases from Adroit Market Research

Agricultural Insurance Market Scenario & Industry Outlook 2021-2028 | QBE Insura …
The global agriculture insurance market size is estimated to be over USD 30 billion by 2022. The rising demand for crops for direct human consumption as well as industrial processes has led to a growth in automation and other modern practices in agriculture. Request sample copy of this report at: https://www.adroitmarketresearch.com/contacts/request-sample/11 Rising incidents of natural calamities across the world has resulted in an increasing number of farmers opting for agriculture insurance to
Online Course Provider Market Scenario & Industry Outlook 2021-2028 | Pluralsigh …
The Global Online course provider market is expected to reach USD 2.25 billion by the year 2025. The market is primarily driven by the growing reputation, reach and brand awareness of online education among students and corporates across the world. New animated, engaging and interactive learning instruments provided to the users facilitate easy access and enhance efficiency. In addition, the market for online courses is anticipated to expand over the next few
Tourism Real Estate Market 2020-2028 Global Analysis & Opportunity Assessment | …
The Global Tourism Real Estate Market research report represents comprehensive study of various factors affecting the market. This market reports provide a complete and accurate analysis of the various business perspectives to shape the future of the company. This market study provides comprehensive data which enhances the understanding, scope and application of this report. Request sample copy of this report at: https://www.adroitmarketresearch.com/contacts/request-sample/1006 This report presents a comprehensive overview of the Tourism Real
Soft Skills Training Market 2020-2028 Global Analysis & Opportunity Assessment | …
The Global Soft Skills Training Market research report represents comprehensive study of various factors affecting the market. This market reports provide a complete and accurate analysis of the various business perspectives to shape the future of the company. This market study provides comprehensive data which enhances the understanding, scope and application of this report. Request sample copy of this report at: https://www.adroitmarketresearch.com/contacts/request-sample/912 Soft skills are defined as social and emotional intelligence indicators

All 5 Releases


More Releases for Halal

Halal Tourism Market to Witness Stunning Growth| Halal Trip India, Halal Trip In …
Latest released the research study on Global Halal Tourism Market, offers a detailed overview of the factors influencing the global business scope. Halal Tourism Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Halal Tourism. The study covers emerging player’s data, including: competitive
Halal Tourism Market is Booming – Gaining Revolution in Eyes of Global Exposur …
A new business intelligence report released by Advance Market Analytics with title Global Halal Tourism Market Insights, forecast to 2025.This report provides a detailed overview of key factors in the Global Halal Tourism Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. A thorough analysis of these factors has been conducted to determine future growth prospects in the global market. Major Key Players in
Halal Food Market revenue analysis report By 2026 | Major Types- Halal Food, Hal …
Global halal food market is set to witness a healthy CAGR of 12.05% in the forecast period of 2019- 2026. The latest Market report by a Data Bridge Market Research with the title [Global Halal Food Market - Industry Trends and Forecast to 2026] . Halal Food Market research analysis and data lend a hand to businesses for the planning of strategies related to Covid19 impact on industry, investment, revenue
Halal Products Market, Halal Products Market Trends, Halal Products Market Share …
The Global Halal Products Market has expanded at a promising pace in the past few years and is expected to embark upon a path of exponential growth in the next few years as well. Rising global population of the Muslim community and rising disposable incomes across some of the world’s prominent Islamic countries are expected to be the key drivers of the market. However, the market is expected to bear
HALAL FROZEN CHICKEN OFFERS
Halal Food Market Size, share, Investment Analysis, Top Application, Product and Forecast 2018 to 2025 Mart Research has added a new research report on “Global Halal Food Market – Segmented by End-User Industry and Region – Growth, Trends and Forecasts (2018 – 2025)” to its database. Geographically, Halal Food Market report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Halal Food in these
Global Halal Gelatin Market has Great Future
Qyresearchreports include new market research report Global Halal Gelatin Sales Market Report 2017 to its huge collection of research reports. QYResearchReports.com has added a new report covering the global Halal Gelatin market to its vast database. The research report studies the global Halal Gelatin market to analyze the factors impacting it. The report has been divided into several chapters that discuss the global Halal Gelatin market in absolute detail. The report