New report measures up the global Halal Food market 2019 | Key Players – Nestle, Cargill, Nema Food Company, Midamar, Namet Gida, Banvit Meat and Poultry
The Global Halal Food Market has witnessed a rampant rise in demand for halal-certified products in fast few years due to the increasing population of Muslims across the globe with the rise in disposable income to utilize these products & services is expected to further augment the growth of the market over the coming years.
Halal is an Arabic term meaning “permissible” and refers to a set of rules in Islam dictating permissible and forbidden activities, often includes food and drink. The global market for halal foods is growing with the increasing demand from countries that do not have the means to produce sufficient quantities of their own halal food.
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Meat & Alternative of Halal Food Market is projected to be the leading segment of the overall market during the forecast period
In terms of Product types, the global Halal Food market is segmented into as Meat & Alternatives, Milk & Milk Products, Fruits & Vegetables, Cereals & Grains, and Other Food & Beverage Products. Halal meat & alternative segment has always been a remarkable growth owing to the formation of Organization of Islamic Cooperation (OIC) to take the initiative of setting an international standard for these food items due to which the industry participants have been successful to a great extent in building consumer trust and pushing penetration of the product category to even higher levels. Additionally, the halal certified food assures that the food is clean and safe for consumption and is made in a hygienic manner. Furthermore, Rising living standards and improved lifestyles has also increased the market.
Processed Food & Beverages Industry is projected to leading industry for utilizing applications of the Halal Food during forecast period
In terms of Application, the segment of processed food and beverages accounted for the largest share in the global halal products market in past years owing to the rising global demand for processed food, the segment is expected to maintain its steady growth rate during the forecast period as well. Processed food & beverages segment was followed by bakery products segments. Beverages such as carbonated drinks, packaged juice, and sweeteners with halal certification are expected to witness significant demand over the forecast period. Muslims have also spent huge amount in halal tourism globally, among the top destinations of halal tourism, Malaysia is at the top, followed by the UAE, and Turkey. Hence, the opportunities are enormous in the sector of halal tourism for both Muslim and Non-Muslim countries.
Halal Products Market in Asia Pacific Is Projected To Have the Dominant Share
Global Halal Food Market based on regional analysis is segmented as North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific has the highest market share in terms of revenue and is projected to maintain its dominance in the market over the forecast period followed by the Middle East and Africa, Europe, North America and Latin America. As the dynamics within the Muslim world change with the continues trend of globalization to shape consumers’ tastes, habit, and spending patterns across the world will have increasingly influential the share in the established markets of the Middle East and Asia, particularly by influencing global corporate halal strategies.
Key Developments in Global Halal Food Market
Arlene Dickinson and One World Foods partner to bring authentic Halal food experience to Canadians.
District Ventures Capital has closely tied up an equity investment with OneWorld Foods (“OneWorld”), a Canadian producer of authentic ethnic and Halal foods.
Global Halal Food Market: Competitive Landscape
The key participants operating in the global halal food market are Nestle, Cargill, Nema Food Company, Midamar, Namet Gida, Banvit Meat and Poultry, Al Islami Foods, BRF, Unilever, Kawan Foods, QL Foods, Ramly Food Processing, China Haoyue Group, Arman Group, Hebei Kangyuan Islamic Food, Tangshan Falide Muslim Food. The leading market players & vendors are focusing on differentiating their products by improving the quality of their products and occupying certificate from the halal certification organisations.
Table of Contents
Chapter: 1. Research Framework
Chapter: 2. Research Methodology
Chapter: 3. Executive Summary
Chapter: 4. Industry Insights
Chapter: 5. Global Halal Food Market Overview
Chapter: 6. Global Halal Food Market, By Product Type
Chapter: 7. Global Halal Food Market, By Application
Chapter: 8. Global Halal Food Market, By Distribution Channel
Chapter: 9. Global Halal Food Market, By Region
Chapter: 10. Company Profile
Detailed Analysis of Table of Contents (TOC)@
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