Halal Food Products Market Analysis By Top Key Players - IFFCO Group, Cargill, Nestle, Unilever, Tesco

Halal food is referred to a wide array of edible products; especially meat and poultry that are produced or manufactured with adherence to the Islamic dietary laws. These food items should not contain any sort of ingredients that are forbidden in the Islamic culture such as alcohol, gelatin, bacon, lipase, vanilla extract, rennet, and pepsin, among others. Moreover, the Islamic law also states that any animal or poultry meant for consumption should be alive and healthy in time of slaughter and must be killed by cutting through their carotid artery, jugular vein, and windpipe. Following which, the blood should be drained from the carcass.

The report explains how the global halal food products market presently worth USD 3,739.7 billion and is expected to expand at a CAGR of 6.2% over 2022-2031, thereby amassing a valuation of USD 6,399. 5 billion by 2031.

Key Growth Determinants and Drivers of this Industry Vertical
The business intelligence report on global halal food products offers a comprehensive overview on the crucial factors influencing the overall growth trajectory of the marketplace. According to the study, the widespread increase in the Muslim populace across the globe along with the escalating demand for halal pharmaceutical products are primarily augmenting the outlook of this industry vertical.

Furthermore, the increasing cognizance regarding the importance of halal food consumption among the Islamic population is creating lucrative opportunities for the market to prosper. Besides, surging diet and health consciousness among the Muslim community has paved a way for Halal based nutrition supplements. This in turn is adding momentum to the industry progression.

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Moreover, escalating demand for halal based convenience food owing to the hectic lifestyle of the masses is creating an upward trend for the development of this business sphere.

On the contrary, absence of a consistent international framework and regulatory standards in the halal industry is hindering the remuneration scope of this industry.

Segmental Assessment of Global Halal Food Products Market
In terms of type, the industry is split into Fresh Products, Frozen Salty Products, Processed Products, and Others. The frozen salty products segment is poised to register a CAGR of 6.6% owing to the growing consumption of canned fish and meat across the globe.

Based on application, the market is fragmented into Meat, Poultry & Seafood, Fruits & Vegetables, Milk and Dairy Products, Cereals & Grains, Oil, Fats, Cream, & Waxes, Confectionary, and Others. The others segment is slated to witness a CAGR of 7.9% over the stipulated timeline.

On the basis of distribution channel, the industry is bifurcated into Traditional Retailers & Departmental Stores, Supermarkets & Hypermarkets, Online Stores, and Others. The online stores segment is anticipated to showcase a CAGR of 7.5% over 2022-2031 ascribing to the growing internet penetration across the globe.

By end user, the business sphere is classified into Households, Food Services (HoReCa), Food Processing Industry, and Others. The households segment is expected to grow considerably over the assessment timeframe.

The report further evaluates all the segments and sub-segments so as to accurately identify the size and scope pertaining to this industry.

Expounding the Geographical Ambit of the Industry
The global halal food products market is classified into five major regions, namely, North America, South America, Europe, Asia Pacific, and Middle East & Africa. Among these Asia Pacific is projected to witness the highest CAGR of 7.4% over 2022-2031. This is attributable to the rapidly increasing Muslim population, presence of emerging players, and growing popularity of halal food products among other communities.

Insights to the Competitive Hierarchy of the Market
This research report offers a 360-degree outlook of the market's competitive terrain while highlighting the key players operating in the industry vertical.
In accordance to the report, the prominent players characterizing the competitive ambit of the global halal food products market are -

1. IFFCO Group - It is an UAE based manufacturer of mass-market food products and other related derivatives. It presently operates in 35 countries across the globe. The firm is a division of the Allana Group which is regarded as one of the largest retailers and producers of agro products and processed food. The diverse product portfolio of the firm includes chemicals, agri food, oils & fats, cosmetics, and packaging solutions, among others.

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2. Al Islami Foods- The company is regarded as one of the largest suppliers of frozen food and halal meat across the MEA region. It operates under two brands i.e. Al Islami which deals in items such as whole chicken, nuggets, burgers, seafood, and French fries, among others. The second brand is under the name of "Aladdin" which specializes in quality frozen food for children. The firm has nearly 400 employees along with a manufacturing plant and two warehouses in UAE.

3. Banvitas- It is a Turkey based poultry processor which also serves its products across UAE and Romania. The company specializes in turkey and chicken based items along with ready to eat delicacies such as kebabs, burgers, meatballs, and pastries.

4. Cargill, Incorporated- It is a corporation specializing in trading, purchase, and distribution of agricultural items such as grain and palm oil. The company also trades in energy, steel, transport and has a large financial services arm. Cargill presently operates in 66 nations.

5. Changchun Haoyue Halal Meat Industry Co Ltd.- Based in Jilin Province of China, the company deals in beef cattle slaughtering and deep processing. It further cooperated with major China based beef cattle producers and built six production units in Southwest China, Northeast China, and Central China.

6. Allanasons Pvt. Ltd.- It is regarded as one of the prominent exporters of agro commodities and processed food products in India. The company's wide array of offerings includes Frozen / Chilled Meat, Processed / Frozen Fruit and Vegetable products, Coffee, Spices and Cereals. It currently exports its products to more than 85 nations worldwide.

7. Nestle S.A.- Established in 1866, Nestle, S.A. is a Swiss multinational corporation that manufactures medical food, infant food, dairy products, beverages, and breakfast cereals, among others. It has over 8,000 brands and operates across 186 nations. The firm currently has an employee strength of 273,000.

8. Unilever- The company is the largest producer and supplier of food along with home and personal care products. It currently serves its products in regions such as Asia, Africa, the Americas, and Europe. The firm utilizes its strong sales force, agents, brokers, and distributors, among others to sell its products.

9. Hebei Kangyuan Islamic Food Co., Ltd.- Based in Qiu Country of Handan City, the company produces and supplies frozen duck and lamb products to Middle Eastern nations, Hong Kong, and other regions.

10. Isla Delice- It is the commercial unit of French based companies Zaphir and Amalric which specializes in halal meat product processing. Its wide array of products includes frozen foods, sausages, and other convenient edibles at an affordable rate.

11. Kawan Food Manufacturing Sdn Bhd- It is a Malaysia based frozen food manufacturer and supplier. The company sells its items via its own online store where consumers can get the door step delivery of halal certified and trans-fats free edibles.

12. Midamar Corporation- It is one of the first USA based companies that produces and exports halal certified food products. It supplies its food products to grocery stores, schools, restaurants, and hospitals, among others.

13. One World Foods- The company specializes in producing healthy and ethnic halal certified food. It mainly offers South Asian dishes which are widely available at retailers such as Adonis Group, Longos, FreshCo, Walmart, and Al-Premium, among others.

14. QL Foods Sdn Bhd- It is a subsidiary of QL Resources which specializes in the production and supply of fish based halal products such as fish balls, fish snacks, and fish cakes. The company currently has four brands under it, namely- IKA's, OCEANRIA, SURIA, and MUSHROOM.

15. RAMLY Food Processing SDN BHD- Established in 1984, the company produces hygienic and high quality halal based edibles. It has its largest processing plant in Kuala Lumpur and presently has 10 operational subsidiaries.

16. Rosen's Diversified, Inc.- It is an agricultural holding firm that processes beef based products and also distributes fertilizers, chemicals, meat snacks, and pet food items. The company has four beef processing and harvesting plants, two case-ready processing plants, and two ground beef units.

17. Tesco.Com- It is a well-known Britain based general merchandise and grocery retailer operating since 1900s. It presently operates in 11 nations and also covers areas including Frozen / Chilled Meat, Processed / Frozen Fruit and Vegetable products, Coffee, Spices and Cereals.

18. Nema Food- It is a North America based halal certified food provider. The company has a halal-inspired processing plant in the region which facilitates the slaughtering and processes of its animals with adherence to the Islamic guidelines.

19. Al-Falah Frozen Foods- The company specializes in the production of high quality and preservative free frozen boneless buffalo meat. It's offerings also include sheep meat and goat meat that are halal certified.

20. NAMET- It is a Turkey based meat producer which has a diverse offering of more than 150 varieties of meat products. It specializes in sausage, salami, roasted beef, and smoked meat, among others.

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