Halal Food Market Size, Demand, Key players Analysis & Forecast 2024-30

Global Halal Food Market Overview:

MarkNtel Advisors has recently published a detailed research report on the Global Halal Food Market. The report is specifically tailored to offer valuable insights and support for clients navigating this dynamic market. It focuses on key objectives such as predicting trends, gaining a profound understanding of market perspectives, identifying strategic investment opportunities, and evaluating potential business partners.

Halal Food Market Insights and Analysis

The Global Halal Food Market size is valued at around USD 2,545.9 Billion in 2023 and is estimated to grow at a CAGR of around 9.6% during the forecast period, i.e., 2024-30. Our comprehensive report provides a thorough examination of market players, opportunities, and valuable insights, equipping our clients with the indispensable information needed to make well-informed decisions within this dynamically evolving environment.

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Insights into Dominant Segments in the Halal Food Market

By analysing each Segments, including

-By Distribution Channel

Offline
Online

The Online segment is poised to experience notable growth in the forecast period of 2024-2030. The convenience & easy accessibility provided by online sales channels are surging its adoption globally. Online purchases enable consumers to buy halal-certified products with few clicks on their smartphones. Moreover, online retailers can also showcase a wide variety of food products with detailed information compared to physical stores & cater to diverse tastes & dietary requirements.

Additionally, online shopping websites provide detailed product information, customer reviews, and halal certification details, enhancing the consumer's belief in the product and easing their purchasing decisions. Furthermore, the integration of AI & other digital technologies leads to customized product listings & a range of recommendations, as per consumer preferences, further leading them to shop online.

Thus, the increasing consumer inclination toward online shopping driven by better prices, discounts, ease of purchasing, and a wide array of options is propelling the growth of the online segment in the Global Halal Food Market.

-By Product Type

Meat Products- Market Size & Forecast 2019-2030, (USD Million)
Dairy Products- Market Size & Forecast 2019-2030, (USD Million)
Fruits & Vegetables- Market Size & Forecast 2019-2030, (USD Million)
Cereals & Grains- Market Size & Forecast 2019-2030, (USD Million)
Plant-based & Vegan Products- Market Size & Forecast 2019-2030, (USD Million)
Others (Confectionary, Oils, Fats, etc.) - Market Size & Forecast 2019-2030, (USD Million)

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Halal Food Market Geographical Reach:

The Halal Food Market Geographical Reach assesses the distribution and prominence of consumption, highlighting regions that dominate in terms of market size, volume, and promising future growth prospects.

-By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

Clients can concentrate their investments on the segments that present the most favourable prospects. This strategic methodology empowers clients to fine-tune their investment portfolio and attain enduring growth within the Halal Food market.

Current Landscape of Halal Food Market

The key players profiled in the research report are

Cargill Inc.
BRF Global
Mondelez International
Del Monte Llc
Unilever Plc
Nestlé (Malaysia) Berhad
Tyson Foods Inc.
Al Islami Foods
Saffron Road
QL Resources Berhed
Garuda Foods
Haoyue Group
Kawan Food Manufacturing Sdn Bhd
American Foods Group LLC
Tahira Foods Ltd.
Others

In light of the ongoing rapid transformations within the Halal Food market, retaining a strategic advantage is paramount for both businesses and investors. At MarkNtel Advisors, we exactly identify and study every notable player, taking into account their recent product launches, mergers, acquisitions, and collaborations. This thorough analysis assists our clients in making more accurate projections and staying competitive in the market.

Halal Food Market Future Prospects

The outlook for Halal Food appears favourable in terms of both revenue share and sales, as evidenced by the market trends. Anticipating continued robust growth over the next five years, market participants are expected to further bolster their portfolios by harnessing technological advancements within the industry. Adding to the market's attractiveness is the widespread application of the product/service across various end-users, allowing market players to establish a solid presence across continents.

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Global Halal Food Industry Recent Development:

2023: Saffron Foods, announced its plans to launch plant-based halal-certified food products in the US and Canada markets.
2023: Garudafood announced to launch of a range of new halal-certified food products to expand its product portfolio.

Frequently Asked Questions

What predictions can be formulated concerning market share, product accessibility, and the demand from consumers?

What pivotal factors are influencing the dynamics of the Halal Food Market?

What lies ahead in terms of future opportunities for the Halal Food Market?

What obstacles are businesses encountering as they navigate the Halal Food Market?

Who are the prominent players driving developments in the Halal Food Market?

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15.98 diverse industrial verticals.