Detailed Study on the Halal Food Market
The latest report published by Transparency Market Research on the global Halal Food market reveals that the market is expected to grow at a CAGR of ~XX% during the forecast period (2019-2029) and reach a value of ~US$ XX by the end of 2019. Further, by leveraging the data in the report, investors, established players, emerging market players, and stakeholders can develop effective business strategies to cement their position in the global Halal Food market.
The report ponders over the micro and macro-economic factors that are expected to shape the growth of the Halal Food market in the upcoming decade. The report includes a SWOT analysis of some prominent players in the Halal Food market wherein the business prospects of each player are discussed in detail.
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Vital Market Information Included in the Report:
- Underlying trends and growth opportunities for market players in different regional markets
- Growth strategies adopted by market players in the current market landscape
- Segment-wise assessment of the growth potential of each market segment
- Impact of environment, government, and other regulatory policies on the Halal Food market
- Supply-demand, value chain, and consumption analysis of the Halal Food in different regions
The report resolves the following doubts related to the Halal Food market:
- What is the projected growth rate of the Halal Food market during the forecast period?
- What is the most common trend that can be observed in the Halal Food market?
- Which market player is dominating the Halal Food market in region 1?
- Which companies are entering into partnerships, collaborations, and strategic alliances?
- What are the different factors that are likely to hamper the growth of the Halal Food market during the forecast period?
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Halal Food Market Bifurcation
The Halal Food market is bifurcated into different sections to provide a clear understanding of the various aspects of the market. The growth potential, market share, size, and prospects of each segment and sub-segment is depicted in the report.
The global halal food market is segmented by product type, by sales channels and by region. By product type the global halal food market is segmented into, cereal based food products, fruits and vegetables, milk and dairy products and meat, poultry and seafood products. The cereal based food products covers, rice, pastas and all other grains which are halal certified. The fruits and vegetable segment can be further sub-segmented into, canned fruits and vegetables, frozen fruits and vegetable products, raw fruits and vegetables products and others. Halal food products are prepared as per Islamic laws and are free of any pork products, alcohol and other ingredients which is creating immense demand for such products across the globe. Furthermore, the milk and dairy products segment is sub-segmented into, cheese, yogurt, ice-cream and desserts, and other segments. All these products are made with bacterial cultures but without animal rennet. By sales channel the global halal food products market is segmented into, supermarkets and hypermarkets, convenience stores, specialty stores, e-Commerce and other retail formats.
Halal Food Market Regional Outlook:
On the basis of region the global Halal Food market is segmented into, North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan and Middle East and Africa. North America and Western Europe are expected to account for significant revenue shares in the global halal food market over the forecast period mainly attributed to changing lifestyle, increasing demand for value added food products and increasing purchasing power of consumers who live in North America region such as the US, and in Europe region. The global halal food market across these regions is also expected to rise due to increasing per capita expenditure on food products and increasing number of Muslim population. The demand for halal food products is high across the Islamic countries such as, Saudi Arabia, the United Arab Emirates, Kuwait, Bahrain, Oman, and Qatar due to religious norms which is expected to result in significant revenue generation across the Middle East and African region.
Halal Food Market Drivers and Trends
The global halal food market growth is mainly attributable to rapidly increasing Muslim population who demand for a global halal certification of food products. The global halal food market is expected to witness significant growth across Russian and China market. The growth of halal food across these countries is mainly attributed to rapidly increasing meat products consuming population. To cite an example, in 2011, in Russia, 65,000 tons of halal meat was produced. Increasing efforts by organizations to raise awareness with respect to the market growth of halal industry through events and trade fairs is also expected to contribute towards market growth of halal foods in the near future. Establishment of halal food standard in china will further propel the halal food market across the Asia pacific region over the forecast period. The global halal food market is impacted due to low purchasing power of Muslim population, especially those belonging to countries including, Sub-Saharan countries and Asia countries such as Indonesia, India, and Pakistan. The market for halal food is also impacted due to unavailability of any specific halal standards and the lack of unified regulation across the MEA.
Halal Food Market Key Players:
Some of the key players offering Halal Food include; Al-Falah Halal Foods, Al Islami Foods, QL Foods, Nestlé, Saffron Road Food, Beijing Shunxin Agriculture, Prima Agri-Products, Jingyitai Halal Food, Prima Agri-Products and others. The report covers exhaustive analysis on:
- Halal Food Market Segments
- Halal Food Market Dynamics
- Historical Actual Market Size, 2015-2016
- Halal Food Market Size & Forecast 2017 To 2027
- Halal Food Market Supply & Demand Value Chain
- Halal Food Market Current Trends/Issues/Challenges
- Players Competition & Companies Involved in Halal Food market
- Halal Food Market Technology
- Halal Food Market Value Chain
- Halal Food Market Drivers and Restraints
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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