Global Halal Food Market is Anticipated to Reach USD 2.55 Trillion by 2024


Free Press Release DB | Press Release Date : Sep 14, 2017  Download


The growing awareness of halal food and its positioning as hygienic and healthy food among both Muslim and non-Muslim community is expected to drive the demand over the forecast period.


 

The global Halal Food Market is anticipated to reach USD 2.55 trillion by 2024 driven by the rising demand for the consumption of halal meat which is healthy and made in a hygienic manner. The growing awareness of halal food and its positioning as hygienic and healthy food among both Muslim and non-Muslim community is expected to drive the demand over the forecast period.

 

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. Increasing Muslim population and the growing awareness among consumers in Asia Pacific countries such as Pakistan, India, and Bangladesh, Indonesia, Singapore, and the Philippines are expected to drive the market over the forecast period.

 

The absence of a uniform halal standard across countries makes it challenging for vendors to get their products halal certified. Besides, the market is fragmented in nature, which makes it further challenging for multiple vendors to operate in different countries. In the market, there is also a need for an oversight on the halal food industry considering the halal meat scandals in Europe and North America regions.

 

Processed food & beverages dominated the market in 2016 and are expected to maintain its leading position over the forecast period as well. Food & beverages segment was followed by bakery products segments and confectionary segments. Over the forecast period, bakery products segment is expected to grow at a CAGR of 9.6% with an increasing demand for ready to eat and packaged bakery products such as cookies, doughnuts, savoury pastries, pretzels, biscuits and cakes.

 

Browse Details of Report @ https://www.hexaresearch.com/research-report/global-halal-food-market

 

 

The market is fragmented with the presence of many international and domestic vendors. Vendors in the market are focusing on product quality and geographical expansion globally. Vendors are also registering themselves with halal certification organisations.

Some of the leading players operating in the halal food market are Al Islami Foods, QL Foods, Saffron Road Food, Dagang Halal, Janan Meat, Kawan Foods, Cargill, Prima Agri-Products, Nestle and Cleone Foods. Over the past few years, fast food chains such as KFC and McDonalds have started providing halal certified products to widen their customer base.

 

Hexa Research has segmented the global halal food market based on application and region:

 

Segmentation by application, 2014 - 2024 (USD Billion)
• Processed food & beverages
• Bakery products
• Confectionary

 

Segmentation by region, 2014 - 2024 (USD Billion)
• North America
    • U.S.
• Europe
    • UK
• Asia Pacific
    • China
    • India
• Middle East
    • Saudi Arabia
• Africa

 

Key players analyzed:
• Al Islami Foods
• QL Foods
• Saffron Road Food
• Dagang Halal
• Janan Meat.
• Kawan Foods
• Cargill
• Prima Agri-Products
• Nestle
• Cleone Foods

 

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/food-and-beverages-industry




Contact Person & Company

Name

:

Carrol Topp

Company

:

Hexa Research

Contact Numbers

Telephone No.

:

8004893075

Fax No.

:

8004893075

Handphone No.

:

8004893075

Website

Website 1

:

Website 2

:

Youtube

:

PR Tags

:

Halal Food, Halal Food Market, Halal Food Industry,

Address

Felton Office Plaza

6265 Highway 9

95018, Felton

California


Contact The Author



Contact Carrol Topp






More Press Release From Author



Injection Molded Plastic Market Will Reach USD 296 Billion by 2024


Free Press Release DB :

Injection Molded Plastic Market Size By Raw Material, By Application, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 - 2024 --> Read This Press Release !



By : Carrol, Topp ( Nov 23, 2017 )
Category : Business Press Release | Country : United States Press Release




Automotive Coatings Market is Anticipated to Surpass USD 28 Billion by 2024


Free Press Release DB :

Automotive coatings are a type of paint that are used on automobiles for protective and decorative purposes. The benefits associated with automotive coatings such as enhanced durability, protection from ultraviolet radiation, extreme temperature. --> Read This Press Release !



By : Carrol, Topp ( Nov 23, 2017 )
Category : Automotive Press Release | Country : United Kingdom Press Release




Europe Fuel Card are rising demand for cashless transactions, and availability of add-on benefits


Free Press Release DB :

Fuel Card Technologies in the payment industry has made people more inclined towards smart payment options --> Read This Press Release !



By : Carrol, Topp ( Nov 22, 2017 )
Category : Business Press Release | Country : United Kingdom Press Release





Read More Articles From Carrol Topp



Disclaimer

The author of the press releases are solely responsible for the content of their press releases. Freepressreleasedb.com can't be held liable for the content posted by author. Please check the accuracy of the press release before using the press release. If necessary please contact the author. Thank you.




Report Abuse