MarketResearchNest.com
adds “Global Halal Market Growth
2019-2024”new report to its research database.
The Arabic word for "permitted." Halal is commonly
seen as "Halal" which means food that is permitted under Islamic
guidelines as found in the Qu'ran Most food and drinks are considered Halal
unless they are clearly stated as forbidden in the Qur'an (holy book of Islam)
and hadith (prophetic traditions).
The halal industry is based on a belief that Muslims should
eat food and use goods such as cosmetics that are "halalan toyibban",
which means permissible and wholesome. In fact, the halal market is
non-exclusive to Muslims, and has gained increasing acceptance among non-
Muslim consumers who associate halal with ethical consumerism.
Actually, the halal industry has now expanded beyond the
food sector to include pharmaceuticals, cosmetics, health products, toiletries
and medical devices as well as service sector components such as logistics,
marketing, print and electronic media, packaging, branding, and financing. In
addition, the halal food marketplace is emerging as one of the most profitable
and influential market arenas in the world food business today.
Downstream growth in demand prompted the rapid growth of
halal food in Europe, which is because of both growth of population of Muslim
and the growth of Muslim income in these countries.
European halal food industry is quite fragmented with a
large number of companies can produce halal food but the companies passed the
halal certification are limited. Although halal certification is considered a
key enabler for the successful development of the global halal industry, the
industry is still plagued by the issue of differing certification standards.
The lack of a single, unified global halal standard is a pressing issue within
the halal industry.
Halal food is going to be main-stream in Europe. And the
downstream consumption market is constantly expanding, not only the Muslims,
but also non-Muslim began to join the ranks of the consumer. As for the age of
consumption, the young generation of Muslims is agents of change for the halal
industry. Supermarkets, hypermarkets and food distribution chains are
increasing their share of halal distribution, capitalizing on young halal
consumers' interests in having the same choices as non-halal consumers.
According to this study, over the next five years the Halal
market will register a xx% CAGR in terms of revenue, the global market size
will reach US$ xx million by 2024, from US$ xx million in 2019. In particular,
this report presents the global market share (sales and revenue) of key
companies in Halal business, shared in Chapter 3.
This report presents a comprehensive overview, market
shares, and growth opportunities of Halal market by product type, application,
key manufacturers and key regions and countries.
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This study considers
the Halal value and volume generated from the sales of the following segments:
Segmentation by
product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to
2024 in section 11.7.
·
Fresh
Products
·
Frozen
Salty Products
·
Processed
Products
·
Cereal
and Cereal Product
·
Others
Segmentation by
application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to
2024 in section 11.8.
·
Restaurant
·
Hotel
·
Home
·
Others
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contents and data tables @
This report also
splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas, United States, Canada, Mexico, Brazil, APAC,China,
Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK,
Italy, Russia, Spain, Middle East and Africa, Egypt, South Africa,Israel,
Turkey, GCC Countries
The report also
presents the market competition landscape and a corresponding detailed analysis
of the major vendor/manufacturers in the market. The key manufacturers covered
in this report: Breakdown data in in Chapter 3.
·
Tsaritsyno
·
Halal-ash
·
Ekol
·
Simons
·
Crown Chicken (Cranswick)
·
Shaheen Foods
·
Euro Foods Group
·
Eggelbusch
·
Cleone Foods
·
Reinert Group
·
Pure Ingredients
·
Reghalal
·
Tariq Halal
·
Casino
·
Tesco plc
·
Tahira Foods Ltd
·
Isla Delice
·
Nestl SA
·
Carrefour SA
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In addition, this report discusses the key drivers
influencing market growth, opportunities, the challenges and the risks faced by
key manufacturers and the market as a whole. It also analyzes key emerging
trends and their impact on present and future development.
Research objectives
·
To study and analyze the global Halal
consumption (value and volume) by key regions/countries, product type and
application, history data from 2014 to 2018, and forecast to 2024.
·
To understand the structure of Halal market by
identifying its various subsegments.
·
Focuses on the key global Halal manufacturers,
to define, describe and analyze the sales volume, value, market share, market
competition landscape, SWOT analysis and development plans in next few years.
·
To analyze the Halal with respect to individual
growth trends, future prospects, and their contribution to the total market.
·
To share detailed information about the key
factors influencing the growth of the market (growth potential, opportunities,
drivers, industry-specific challenges and risks).
·
To project the consumption of Halal submarkets,
with respect to key regions (along with their respective key countries).
·
To analyze competitive developments such as
expansions, agreements, new product launches, and acquisitions in the market.
·
To strategically profile the key players and
comprehensively analyze their growth strategies.
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