2023 Global Halal Food Market Trends, Growth Insights, Comprehensive Analysis, Latest Research Report by 2028

The latest report by IMARC Group, titled "Halal Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the global halal food market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global halal food market size reached US$ 2,221.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4,177.3 Billion by 2028, exhibiting a growth rate (CAGR) of 10.8% during 2023-2028.

Halal food refers to food products that are prepared and consumed in accordance with Islamic dietary guidelines. The term "halal" means permissible in Arabic and applies to a wide range of food and beverages deemed lawful for consumption by Muslims. It is prepared using specific methods that adhere to Islamic teachings, ensuring that it meets the requirements of cleanliness, purity, and ethical sourcing. This includes the sourcing of ingredients, processing, handling, and certification by authorized halal certification bodies.

The concept of halal food goes beyond the mere absence of pork and alcohol. It encompasses a comprehensive set of guidelines that govern various aspects of food production, including animal welfare and slaughter, avoiding cross-contamination with non-halal substances, and using halal ingredients. Halal food is not limited to specific cuisines but spans a diverse range of culinary traditions, offering a wide variety of halal options for consumers around the world.

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Halal Food Market Trends:

The global halal food market is experiencing significant growth, driven by the increasing Muslim population across the globe. With a growing Muslim consumer base, the demand for halal food has surged, both in Muslim-majority countries and in regions with a significant Muslim minority population. This demographic shift is fueling the market growth as Muslims seek halal-certified products that align with their religious beliefs and dietary requirements. Along with this, the rising awareness and demand for halal food among non-Muslim consumers are contributing to the market growth.

In addition, the emphasis on clean-label products, transparency in the food supply chain, and ethical sourcing resonates with a broader consumer base that values authenticity, religious observance, and health-conscious choices is positively influencing the market. Apart from this, the expansion of halal offerings into sectors such as confectionery, snacks, beverages, personal care products, and pharmaceuticals is contributing to the market. This diversification caters to the evolving preferences and needs of consumers who seek halal-certified options across various aspects of their daily lives. As a result, businesses across industries are recognizing the potential of the halal market and adapting their product offerings to capture this growing segment, which is creating a positive market outlook.

By the IMARC Group, Some of the Top Competitive Landscape Operating in the Market are Given Below:

• QL Foods
• Al Islami Foods
• Dagang Halal
• Saffron Road Food
• Kawan Foods
• Janan Meat
• Prima Agri-Products
• Cargill
• BRF
• Nestle
• Tahira Food
• Al-Falah Halal Foods

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/halal-food-market

Key Market Segmentation:

Breakup by Product:

• Meat, Poultry & Seafood
• Fruits & Vegetables
• Dairy Products
• Cereals & Grains
• Oil, Fats & Waxes
• Confectionery
• Others

Breakup by Distribution Channel:

• Traditional Retailers
• Supermarkets & Hypermarkets
• Online
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.

This release was published on openPR.