Dublin, April 22, 2021 (GLOBE NEWSWIRE) -- The "Halal Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global halal food market reached a value of US$ 1.9 Trillion in 2020.
Halal food refers to food items and beverages that are strictly prepared according to the rules underlined by the Islamic dietary law. According to this law, alcohol, blood, pork, by-products of pork and blood, animals that are dead before slaughtering, and those not killed in the name of Allah are considered 'haram' or impermissible for consumption. Moreover, halal food products are packaged and stored in utensils, which have been cleaned as per the prescribed guidelines.
Over the past few years, halal food items have become popular amongst both Muslim and non-Muslim consumers as they have evolved from being an identification mark of religious observation to assurance of food safety, hygiene and reliability.
For example, slaughtered halal animals undergo two health checks, as compared to the single inspection performed on other conventional animals. Besides this, several Islamic and non-Islamic countries are implementing stringent regulatory frameworks, which consist of globally accepted standards, to attract novel entrants in the market.
Recently, in October 2019, the Government of Indonesia introduced mandatory halal labeling and certification rules, owing to which consumers nowadays prefer halal food. With an increase in the demand, manufactures have widened their product portfolio by introducing several value-added food items, including hot dogs, soups, candies, burgers, sandwiches, cookies, creams and pizzas.
Moreover, the flourishing e-commerce industry has facilitated consumers with easy accessibility of halal-certified food products. Looking forward, the publisher expects the global halal food market to exhibit strong growth during the next five years.
Breakup by Product:
Meat, Poultry & Seafood
Fruits & Vegetables
Cereals & Grains
Oil, Fats & Waxes
Currently, meat, poultry and seafood are the most preferred food products in the market.
Breakup by Distribution Channel:
Supermarkets & Hypermarkets
At present, supermarkets and hypermarkets represents the largest segment, dominating the market.
Middle East & Africa
On the geographical front, Asia Pacific is the leading market for halal food, accounting for the majority of the total market share. This growth can be attributed to the presence of several regulatory bodies and a combination of the religious and cultural populations in the region.
The competitive landscape of the market has also been examined with some of the key players being QL Foods Sdn Bhd, Al Islami Foods Co., DagangHalal Group, Saffron Road, Kawan Foods Berhad, Janan Meat Ltd, Prima Agri-Products Sdn Bhd, Cargill, Inc., BRF S.A., Nestle S.A., Tahira Foods Ltd., and Al-Falah Halal Foods Ltd.
Key Questions Answered in This Report:
How has the market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global halal food market?
What are the key regions in the market?
Which are the popular distribution channels in the market?
What are the key product segments in the market?
What are the various stages in the value chain of the global halal food market?
What are the key driving factors and challenges in the global halal food market?
What is the structure of the market and who are the key players?
What is the degree of competition in the market?
How is halal food manufactured?
Key Topics Covered:
2 Scope and Methodology
2.1 Objectives of the Study
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Halal Food Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Price Analysis
5.5 Market Breakup by Product
5.6 Market Breakup by Distribution Channel
5.7 Market Breakup by Region
5.8 Market Forecast
5.9 SWOT Analysis
5.10 Value Chain Analysis
5.10.3 Food Processors
5.11 Porters Five Forces Analysis
6 Market Breakup by Product
6.1 Meat, Poultry & Seafood
6.2 Fruits & Vegetables
6.3 Dairy Products
6.4 Cereals & Grains
6.5 Oil, Fats & Waxes
7 Market Breakup by Distribution Channel
7.1 Traditional Retailers
7.2 Supermarkets & Hypermarkets
8 Market Breakup by Region
9 Competitive Landscape
9.1 Market Structure
9.2 Key Players
9.3 Profiles of Key Players
QL Foods Sdn Bhd
Al Islami Foods Co.
Kawan Foods Berhad
Janan Meat Ltd
Prima Agri-Products Sdn Bhd
Tahira Foods Ltd.
Al-Falah Halal Foods Ltd
For more information about this report visit https://www.researchandmarkets.com/r/ad1baa
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