halal food and beverage market is expected to grow at a CAGR of 5.5% during the forecast period. Halal means lawful, permitted, or allowed in Islam defined by the Koran. These foods are prepared by following the teachings and laws of Islam. According to Islamic laws, halal foods are safe and do not contain unclean ingredients in it. The rising Muslim population across the globe is fuelling the market for halal food and beverage. There are around 30 countries with a Muslim population in which there are more than 92% of the people which follows Islam religion and there are around 50 countries where the majority of the population is Muslim. This, in turn, is resulting in an increasing demand for halal food and beverages.
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The pandemic had disrupted almost every industry including the halal food and beverage market as due to the COVID-19 the supply chain was affected severely. Most of the key players, exporters, and importers experienced a decline in the sale of halal food and beverage products due to the temporary ban on import and export across the globe. During the pandemic, the demand for meat products was slowed down due to hygiene and safety purposes, which negatively affected the market growth. After the pandemic, the market is anticipated to grow normally as before due to the safety and quality products offered.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Halal Food and Beverage Market by Products
- Meat & Alternatives
- Milk & Milk Products
- Fruits & Vegetables
- Grain Products
- Others
Global Halal Food and Beverage Market by Distribution Channel
- Hypermarket & Supermarket
- Departmental Stores
- Online Stores
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Al Islami Foods
- Azan International
- BRF S.A.
- Crescent Foods Inc.
- DagangAsia Network Holding Sdn. Bhd.
- Ferrero International SA
- Kawan Food Manufacturing Sdn. Bhd.
- Midamar Corp.
- One World Foods Inc.
- QL Foods Sdn. Bhd.
- Rosen’s Diversified, Inc.
- Tahira Foods Ltd.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global halal food and beverage market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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