Halal Products Market size was estimated at $xx Million in 2020 and is expected to reach $xx Million by 2027, growing at a CAGR of 12.00% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
Halal Products Market Growth and Trends
Halal products are popular among Muslims because they believe these products have met the required standards set by the Muslim community. Muslim religion is the second largest and fastest growing religion in the world, this has greatly boosted the demand for halal products. In recent years there has been an increased popularity of halal products across other communities who are not Muslims, this has also increased the Halal Products Market demand for the products. Increasing disposable income has increased the purchasing power of people around the globe, this in turn has boosted the Halal Products Market demand of halal products. Favorable trade policies promoting healthy product growth has positively impacted the market growth. Additionally , halal products market sector is turning out to be a highly organized sector, this has increased the product popularity because it maintains the overall standards laid by the certification board. Technological advancements in internet and phone technologies has positively impacted on the halal product market because advertisements meant to market the products are able to reach a wider audience. Product penetration across personal care items, pharmaceuticals, health supplements, and in food industry offers customers a wide range of products from which to choose from. This in turn has helped widen the market for Halal products.
Halal Products Market Regional Analysis
Halal products that dominate the current Halal market include certified meat and poultry (no pork), eggs, legumes, and sea foods. Unsurprisingly, the Halal market is most vibrant in the Middle East (Mostly Saudi Arabia and the UAE), North Africa (mainly Egypt, Morocco, and Libya) and Asia Pacific regions (mostly India). North America (especially the US) is also up there with the leading markets. This is predictably due to the high Islamic population in the regions. The market is fairly good in Japan, Germany, and West Africa. Halal products such as nuts and seafood attract non-Muslim audiences, meaning that the market has huge unexploited potential even in countries where Islam isn’t very dominant. The major market players currently are Trade Links GMBH, ARAA Marketing Consultancy, and Valges Company
Halal Products Market Share and Competition
Key companies operating in this industry are: 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 and Hebei Kangyuan Islamic Food.
Halal Products Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2020 - 2027)
• Primary Meats
• Processed Food & Beverages
• Pharmaceuticals
• Cosmetics
• Personal Care Products
Application Analysis (Revenue, USD Million, 2020 - 2027)
• Supermarkets and Hypermarkets
• Convenience Stores
• Specialist Retailers
• Online Stores
• Other
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Halal Products Market Companies
• 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
Available Versions:-
United States Halal Products Market Research Report
Europe Halal Products Market Research Report
Asia Pacific Halal Products Market Research Report
India Halal Products Market Research Report
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