MARKET OUTLOOK
According to the research carried out by the publisher, the Asia-Pacific halal food & beverage market is expected to grow with a CAGR of 6.00% for the forecast period of 2019-2027.The halal food & beverage market in the region is shaped by China, India, Japan, South Korea, Indonesia, Malaysia, ASEAN countries, Australia & New Zealand, and Rest of Asia-Pacific.
Countries from the Asia-Pacific region offer lucrative opportunities to make rapid progress in the halal food & beverage market. Indonesia is expected to boom with the highest CAGR during the forecasted period. The country has the largest Muslim population in the world, which primarily boosts the halal food & beverage market.
Along with that, the rise in halal food ranking and a substantial increase in events & press coverage related to halal food have been contributing to awareness about halal food. However, the production processes need to be upgraded in order to improve quality and satisfying domestic demand & export requirements.
Many manufacturing companies have been upgrading their plant to 100% halal-certified. Moreover, initiatives of the Indonesian government and manufacturers to make the country as a major hub for halal products are expected to create massive growth opportunities for the halal food & beverage market.
Malaysia is known to be an emerging global hub for halal products. The country has a single and strict regulatory standard for all halal food & beverages. According to the UN, by implementing this rule, Malaysia has become the best example for benchmarking halal food & beverages. The vigorous efforts, strategies, and measures of the Malaysian government to promote and upgrade the halal food & beverage market are anticipated to drive the halal food & beverage market.
COMPETITIVE OUTLOOK
Some prominent names in the halal food & beverage market are Cargill, Inc., Al Islami Foods, Crescent Foods, NAMET, Kawan Food Bhd, Haoyue Group, and Nestlé.Table of Contents
1. Asia-Pacific Halal Food & Beverage Market - Summary
2. Industry Outlook
3. Asia-Pacific Halal Food & Beverage Market Outlook - By Product Type
4. Asia-Pacific Halal Food & Beverage Market Outlook - By Distribution Channels
5. Asia-Pacific Halal Food & Beverage Market Outlook - By User Demographics
6. Asia-Pacific Halal Food & Beverage Market - Regional Outlook
7. Competitive Landscape
8. Methodology & Scope
List Of Tables
List Of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- Nestle
- Cargill, Inc.
- Al Islami Foods
- Ql Foods Sdn. Bhd.
- Crescent Foods
- Nema Food Co.
- Namet
- Kawan Food Berhad
- Haoyue Group
- Allanasons Pvt. Ltd.
Methodology
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