MENA Halal Food market Uncovers The Reasons For market Growth At A Cagr Of 5.8% | Cargill Inc., Al Islami Foods, BRF, Agthia, Fine Foods,

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.

In 2017, Halal Expo Dubai and Salaam Gateway teamed up to increase foreign direct investment in Dubai. The agreement will provide common platform to global investors, exhibitors, and trade visitors to increase awareness about Halal Expo Dubai. Moreover, in 2017, China invested US$ 1 trillion in ‘One Belt One Road’ initiative to accelerate growth of halal food market in GCC. Such activities are projected to have positive impact on growth of the halal food market in MENA.

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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

Among product type, meat products segment accounted for highest revenue share of over 51% in the MENA halal food market in 2017. The segment is projected to maintain its dominance over the forecast period, owing to increasing consumption of meat products in MENA region. According to the study conducted by Agriculture & Agri-Food Canada on livestock and meat trends in the Gulf Cooperation Council (GCC), imports of meat & meat products was valued at US$ 5 billion in 2015.

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Among distribution channel, supermarkets segment accounted for largest revenue share of 45% in MENA halal food market in 2017. The segment is projected to maintain its dominance throughout the forecast period, owing to growing presence of supermarket chains. For instance, according to the United States Department of Agriculture (USDA) 2017 Report, the total number of supermarkets in Egypt were 1,056 in 2016 and it is increased to over 1,215 in 2016.

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