MARKET OUTLOOK
A report by the publisher states that the North American halal food & beverage market will flourish with a CAGR of 3.87% in terms of revenue for the forecast period of 2019-2027.The countries of the United States and Canada together constitute the halal food & beverage market in the North American region.
The halal food & beverage market in Canada is booming due to growing Muslim communities in the country. Grocery stores, manufacturers, and eateries have been contributing to the halal food & beverage market growth. The limited export and fragmentation of halal food are some of the factors that are restraining the market growth. However, it is expected that promoting and creating awareness about halal food will boost the growth of the halal food & beverage market. For instance, Toronto’s Halal Food Fest is an established forum to bring various companies together and promote truly international halal brands.
According to DinarStandard, this would help in creating larger and more cost-effective halal food companies and fuel the halal food & beverage market growth. Moreover, several companies are investing significant amounts in expanding the halal food & beverage market. For example, Sargent Farms of Ontario and Boire and Freres Inc. of Quebec have invested $10 million to enhance their halal processing capabilities. Also, District Ventures Capital has collaborated with OneWorld Foods to bring traditional South Asian and halal products to a growing customer base. These initiatives are expected to create lucrative opportunities for the overall growth of the halal food & beverage market in the North American region.
COMPETITIVE OUTLOOK
QL Foods Sdn Bhd, Allanasons Private Limited, Nema Food Company, NAMET, Kawan Food Bhd, Haoyue Group, and Crescent Foods are some of the prominent companies in the halal food & beverage market.Table of Contents
1. North America Halal Food & Beverage Market - Summary
2. Industry Outlook
3. North America Halal Food & Beverage Market Outlook - By Product Type
4. North America Halal Food & Beverage Market Outlook - By Distribution Channels
5. North America Halal Food & Beverage Market Outlook - By User Demographics
6. North America 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.