The characteristics of raw materials used, the processing manner, etc., have to abide by the Islamic law, in the Halal food and beverage products. The global Halal food and beverages market is expected to reach USD XX billion by 2022, exhibiting a CAGR of 16.2%.
The Muslim population is the second-largest, worldwide, and the fastest-growing religion, globally. It is projected to claim a large share of consumer spending, as well. It is estimated that 26.4% of the global population will be Muslims, by 2030. Therefore, businesses certified (Halal) in complying with the Islamic requirements boost the attractiveness of a product to this consumer group. The country-specific laws and certifying bodies, however, pose a challenge to multinational companies (MNC) that wish to expand into the niche Muslim consumer base, which calls for a global Halal certification. The presence of a global hub will result in a smoother production chain, where the higher processes required, like farming for Halal products, would be transparent and standardized.
Market segmentation for Halal foods and beverages industry is based on type, application, and geography. By type, the market is broadly segmented into fresh food, frozen food, etc. In fresh food, the demand for Halal meat, an important feature of life across Muslim communities, is growing rapidly. This growth would mean that the Halal meat (fresh and frozen) products are expected to enjoy steady increase for years to come. The Halal concept is applied in all the basic food and beverage products, including mineral water, milk, pharmaceuticals, and others. North America, Europe, Asia-Pacific, South America, and Africa are the regional segments of the global Halal market.
Demand for Halal foods is seen not just from the global Muslim population but also from non-Muslims. With the Muslim culture expanding, manufacturer’s education about Halal products is increasing their demand, worldwide. Asia-Pacific accounted for over 45% of the global Halal food and beverage products market and is also expected to exhibit the most significant growth in the next few years. Regarding product variety, the segment of processed food and beverages accounted for the dominant share of XX%, which is expected witness a huge increase throughout the forecast period. Africa is one of the growing Halal markets after Asia-Pacific, followed by North America, Europe, and South America.
Certification and maintenance of processes within Halal are important for businesses to gain trust of consumers, yet many businesses fail to develop due to their focus on just certification. Moreover, new product developments and marketing strategies are less prioritized. The growing Halal market offers growing opportunities for meat and poultry farmers, manufacturers, retailers, exporters, and foodservice operators. The major market players are Nestle, Cargill, Unilever, Kawan Foods, and others.
Key Deliverables in the Study
Market analysis for the global Halal food and beverages products market, with region-specific assessments and competition analysis on a comprehensive and regional scale.
Market definition along with the identification of factors instrumental in changing the market scenario and prospective opportunities.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global Halal food products market for composites market on both global and regional scale.
A comprehensive list of the main market players along with the analysis of their current strategic interests and vital financial information.
Insights on the major countries/regions where this industry is growing and identify the regions that are still untapped.
1.1 Research Methodology
1.2 Market Definition
1.3 Report Description
2. Market Overview
2.1 Market Trend
3. Market Dynamics
3.1.1 Rising population of the Muslim community
3.1.2 Improvement of the retail sector
3.1.3 High demand for Halal products world wide
3.2.1 Country-specific laws
3.2.2 Lack of large-scale Halal industries
3.3.1 Demand for a global halal hub
3.3.2 Enormous Opening in halal export and import global market
3.4 Porter's Five Forces Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Threat of New Entrants
3.4.4 Threat of Substitute Products and Services
3.4.5 Degree of Competition
4. Market Segmentation
4.1 By Type
4.1.1 Fresh Halal Food Products
4.1.2 Frozen Halal Food Products
4.1.3 Processed Halal Food Products
4.1.4 Halal Beverages
4.1.5 Halal Food Supplements
4.1.6 Halal Nutraceuticals
4.2 By Products
4.2.2 Vegetable and Fruit
4.2.6 Milk & Milk Products
4.2.7 Mineral Water
4.2.8 Soft Drinks
4.3 By Geography
4.3.1 North America
184.108.40.206 United States
220.127.116.11 United Kingdom
4.3.4 South America
18.104.22.168 South Africa
5. Competitive Landscape
5.1 Most Adopted Market Strategies
5.2 Most Active Companies
5.3 Market Share Analysis
6. Company Profiles
6.3 Nema Food Company
6.5 Namet Gida
6.6 Banvit Meat and Poultry
6.8 Isla Delice
6.12 Al Islami Foods
6.15 Kawan Foods
6.16 QL Foods
6.17 Ramly Food Processing
6.18 China Haoyue Group
6.19 Arman Group
6.20 Hebei Kangyuan Islamic Food
6.21 Tangshan Falide Muslim Food
6.22 Allanasons Pvt