Halal Meat Market share forecast to witness considerable growth from 2021 to 2029

Halal Meat Market

The market is primarily growing on account of growing spending on halal meat among middle-class Muslims in countries like Pakistan, Indonesia, and Turkey. Apart from the cultural and ethical norms, the rising demand for quality products among the Non-Muslim population also contributes to market growth. A growing trend of halal tourism can also be attributed to the growing halal meat market. All these factors collectively have translated into the growing adoption of halal meat globally.

The Major Players Covered in this Report:
Isla Delice, Carrefour SA, Nestlé S.A., Tesco plc, Tariq Halal, Reghalal, Pure Ingredients, HebeiKangyuan Islamic Food Co., Ltd., Amana Foods 

The global halal meat market was valued at USD 511,454 million in 2019 and is expected to grow at a CAGR of 6.3% during the forecast period, 2020–2029.

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Halal Meat Market: Segmentation, By Product Type- Poultry, Meat, Beef, Others (Camel, Turkey, and Rabbit), By Applications- Fresh Food, Processed Food

Rising Immigration Rates of Muslim Population
Also, immigration from the Middle East and from the Muslim Asian countries has risen in recent years. The Muslim population in the European region has also increased in the past 3 decades, driven by globalization and increasing birth rates, and a parallel trend has been observed in other areas as well. Research has demonstrated that, if the trend continues in the same way until 2030, 79 countries are expected to account for more than 1 million Muslim inhabitants by 2030. Canada, Congo, Belgium, Guinea Bissau, Togo, and the Netherlands could be the new countries to join the league of the growing Islamic population. Thus, the growing global Muslim population is estimated to have a wide-ranging impact on the world market size of halal meat consumption over the forthcoming years

Regional Analysis For Halal Meat Market:

North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

In this study, the years considered to estimate the market size of the Halal Meat are as follows:

• History Year: 2014-2019
• Base Year: 2019
• Estimated Year: 2020
• Forecast Year 2021 to 2029

The study objectives of this report are:

• To study and forecast the market size of the Halal Meat in the global market.
• To analyze the global key players, SWOT analysis, value, and global market share for top players.
• To define, describe and forecast the market by type, end-use, and region.
• To analyze and compare the market status and forecast among global major regions.
•  Analyze the potential of the global market and the advantages, opportunities and challenges, constraints, and risks of key regions.
• Identify the key trends and factors that are driving or holding back market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high-growth segments.
• Strategic analysis of each submarket in light of individual growth trends and market contributions.
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
• Complete analysis of the strategic strategy and growth of key players

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