Halal Products Market to Mark USD 10.51 Trillion by 2024 - Global Opportunity, Competitive Outlook, Growth, Trends and Forecast up to 2024

ResearchMoz added Latest Research Report titled " Halal Products Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024 " to it's Large Report database.

Global Halal Products Market: Overview

The global halal products market is a highly lucrative market with meat and processed food and beverage segments being the most attractive market in 2015. This market is also a highly diversified market ranging from food and beverage products to personal care and pharmaceutical products. The major companies operating in the field of halal foods captured a major portion of the market since halal food and beverages dominated the market in 2015. However, due to the absence of global halal standards, the major outlook of the companies is to get the halal certification from the regulatory organization from each country separately.

Global Halal Products Market: Drivers and Restraints

Growing Muslim population is one of the prime factors pushing the demand for halal products market at present. This is due to the fact that hala products market is not confined to food and beverages, since it has expanded into personal care, and pharmaceutical industries as well. It is estimated that 26.4% of the global population is expected to be Muslims by 2030 as compared to 19.9% in 1990. The growth rate is much faster compared to other religions. In addition to this, rising purchasing power of the Islamic countries due to the rapid growth in their economy, especially in Middle East and South East Asia is a major contributing factor to the growth of this market. Further, consumption of hala products among the non-muslim population is also on the rise.

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Improvement of the retail sector is another major factor which is the currently driving the demand for halal products market across the globe. This was possible post improvement in the halal certification standards and the retail outlets selling halal certified products. Further, high degree of globalization and multilateral trade agreements has boosted the trade flow of halal products. This factor would ensure the smooth flow of halal products in the market.

However, the lack of uniformity for halal standards is a major factor barring the growth of the market. The Islamic regulatory bodies of different countries are different due to which the definition of halal may be different in different countries. Due to this, products accepted by the Halal Certification Board of one country may not be accepted in other countries.

Global Halal Products Market: Trends and Opportunities

However, the manufacturing of halal products is relatively slow in most of the countries with high demand. Due to the small scale manufacturing of halal products, most of the countries with high demand for high demand for halal products are heavily dependent on imports from other countries. In order to reduce the over dependency on imports, the Government of some of the countries with high Muslim population (or high halal demand) is offering lucrative incentive to companies to manufacture halal products and promote the use of halal certified goods. This factor would pose to be a suitable opportunity for the growth of the halal products market at the global level.

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Table of Content

Chapter 1: Preface
1.1. Research scope and market segmentation
1.2. Research highlights
1.3. Research assumptions and acronyms used
1.4. Key questions answered

Chapter 2: Executive Summary
2.1. Global halal products market snapshot
2.2. Global halal products market key trends
2.3. Market opportunity map

Chapter 3: Market Dynamics
3.1. Key findings
3.2. Drivers and restraints snapshot analysis
3.3. Global halal products market driver 1
3.3. Global halal products market driver 2
3.3. Global halal products market driver 3
3.4. Global halal products market restraint 1
3.4. Global halal products market restraint 2
3.5. Global halal products market opportunity 1
3.6. Global halal products market attractiveness analysis, by products, 2015
3.7. Halal standards
3.8. Halal certification

Chapter 4: Global Halal Products Market Analysis, by Product Type
4.1. Overview
4.2. Global Halal Products Market, Value Share Analysis, By Product Type
4.3. Global Halal Products Market Size (USD Mn), Forecast, By Product Type, 2015-2024
4.4. Global Halal Primary Meat Market Size (USD Mn), Forecast, 2015-2024
4.5. Global Halal Processed Food & Beverages Market Size (USD Mn), Forecast, 2015-2024

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