Global Halal Food Market by Product, Distribution Channel, and Region (2021-2027)

The phrase "Halal" is defined as permitted, and it is also used to mean lawful. Halal cuisine is made by Islamic dietary laws and regulations, which govern what is lawful, clean, and permitted. The global halal food market is being pushed by factors such as an expanding Muslim population and improvements in the retail supply chain.

The absence of a worldwide regulatory organization for halal food product certification will be a major impediment to the expansion of the global halal food sector. Government-owned and -linked enterprises, independent Halal certification bodies (HCBs), private organizations, National Standard Agencies, and regional bodies such as the GCC Standardization Organization (GSO), The Association of Southeast Asian Nations (ASEAN), and the European Commission are examples of halal certification bodies. While international organizations such as the Organization of Islamic Cooperation (OIC) and the Standards and Metrology Institute for Islamic Countries (SMIIC) aid in the certification of halal items.

The worldwide halal food market was valued at US$ 715.0 billion in 2018 and is anticipated to grow at a CAGR of 12.7 percent in terms of revenue from 2019 to 2027, reaching US$ 2,043.2 billion by 2027.

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To create new goods, key industry players are focused on different strategic activities such as mergers and acquisitions and the growth of their production facilities. For example, Kawan Food Berhad invested US$ 25.8 million in January 2016 to expand its production plant at Selangor Halal Hub in Pulau Indah, Malaysia. The goal was to meet the growing demand for its products. Cargill Inc., Al Islami Foods, QL Resources Sdn Bhd, Haoyue Group, Kawan Food Berhad, BRF S.A., and Saffron Road Food are among the major companies in the worldwide halal food business.

Secondary research was used to identify key companies in the Halal Food market, and primary and secondary research was used to calculate their market shares. All measurement shares split, and breakdowns were determined using secondary and confirmed primary sources.

What Halal Food Market report offers:

1. Halal Food Market share assessments for the regional and country-level segments
2. Market share analysis of the top industry players
3. Halal Food Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
4. Strategic recommendations in key business segments based on the market estimations
5. Competitive landscape covering the following points:
• Company Overview
• Product Portfolio
• Financial Performance
• Recent Highlights
• Strategies

The complete knowledge of Halal Food Market is based on the latest industry news, opportunities, and trends. Halal Food Market research report offers a clear insight into the influential factors that are expected to transform the global market shortly. Both top-down and bottom-up approaches have been used to estimate and validate the market size of the Halal Food market, to estimate the size of various other dependent submarkets in the overall market.

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Remarkable Attributes of Halal Food Market Report:
• The current status of the global Halal Food market, current market & the two regional and region levels.
• In-Depth Understanding of Facets Activating the Development of the global Halal Food marketplace.
• Current market isolation Relating to Identifying portions like Halal Food Merchandise Sort, end-use Software
• The innovative perspective of this global Halal Food current market with standard layouts, and also prime chances.
• The research of this market enticing place regarding product sales of Halal Food.
• Various stakeholders in this industry, including investors, product manufacturers, distributors, and suppliers for Halal Food market, research and consulting firms, new entrants, and financial analysts

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This release was published on openPR.