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Halal Food Market, Global Forecast, Impact of COVID-19, Industry Trends, by Product, Distribution Channel, Growth, Opportunity Company Analysis

  • ID: 5411837
  • Report
  • August 2021
  • Region: Global
  • 100 Pages
  • Renub Research

FEATURED COMPANIES

  • Al Islami Foods Co.
  • DagangHalal Group
  • Kawan Foods Berhad
  • QL Foods Sdn Bhd
  • Saffron Road
Halal food refers to foods prepared according to the Islamic dietary law's rigorous guidelines. According to this commandment, alcohol, blood, pork are not halal for consumption. The animals that are dead before slaughtering and animals that are not slain in the name of Allah are all deemed haram or unfit for food consumption. Furthermore, halal food is packaged and stored in utensils that have been cleansed according to strict rules. According to the publisher, Global Halal Food Market will reach to US$ 1,729.80 Million by 2027.



Global Halal Food Market segmented into Meat & Alternatives, Milk & Milk Products, Grain Products, Fruit & Vegetables, Others. Halal meat and alternatives have always been a growing industry. The Organization of Islamic Cooperation (OIC) has taken this Halal Food Market to an excellent position and took the lead in establishing a worldwide standard for these foods. Because of the establishment of these types of organisational, industry participants have been effective in gaining customer trust and increasing penetration to a large extent. According to the publisher, Worldwide Halal Food Industry will grow with a CAGR of 10.83% during 2020-2027.

The global halal food market is anticipated to grow significantly over the forecast period, owing to the growing Muslim population and dramatically rising food demand and prices. The Asia Pacific is the main market for halal food, and the area is predicted to offer market vendors various prospects for expansion during the forecast period. The Asia Pacific market's rise can be due to the vast religious and cultural population demanding halal cuisine. According to Pew Research Center, the global Muslim population is anticipated to reach 2.76 billion by 2050, accounting for 29.7% of the worldwide population. Furthermore, Asia, which presently hosts the majority of the world's Muslims (61.7%), is projected to host the majority of the world's Muslim population in the future.

Halal cuisine has grown in popularity among Muslim and non-Muslim consumers in recent years as it has evolved from a religious identity mark to a guarantee of food safety, hygiene, and reliability. In October 2019, the Indonesian government enacted required halal labelling and certification laws, resulting in which consumers increasingly choose halal food. Manufacturers have broadened their product line in response to increased demand by developing many value-added food items. As per the publisher Analysis Global Halal Food Market Size was valued US$ 842.39 Million in 2020.

The global halal food market is very competitive, with several companies competing to be in the market. The major player has a large regional footprint backed up by consumer brand loyalty, giving them an advantage over their competitors. Furthermore, customer brand recognition gives them a competitive advantage in the market. For example, Nestlé (Malaysia) Berhad has invested more than MYR 100 million in expanding its MILO factory in Chembong, Negeri Sembilan. As part of its objective to drive robust, profitable, and sustainable growth while also investing in Malaysia as a key manufacturing base for the Nestlé Group.

COVID 19 impact

COVID-19 has affected the global halal food market by directly impacting production and demand, causing supply chain and market disruption, and having a financial impact on businesses and financial markets. However, we believe the worst is behind us, and the halal food industry will grow in leaps and bounds in years to come.

The publisher new report titled “Global Halal Food Market by Product (Meat & Alternatives, Milk & Milk products, Grain Products, Fruit & Vegetables and Others), Distribution Channel (Traditional retailers, Supermarkets & Hypermarkets, Online Channels, Others), Region (North America, Asia, Europe, Latin America, MEA ), Company (QL Foods SdnBhd,Al Islami Foods Co.,DagangHalal Group,Saffron Road,Kawan Foods Berhad); provides comprehensive details about Global Halal Food industry.

Product - Market breakup from 5 viewpoints

1. Meat & Alternatives
2. Milk & Milk products
3. Grain Products
4. Fruit & Vegetables
5. Others

Distribution Channel- Market breakup from 4 viewpoints

1. Traditional retailers
2. Supermarket & Hypermarket
3. Online
4. Others

Region - Market breakup from 5 viewpoints

1. North America
2. Asia
3. Europe
4. Latin America
5. MEA

All companies have been covered from 3 viewpoints

  • Overviews
  • Recent Developments

Company Analysis

1. QL Foods SdnBhd
2. Al Islami Foods Co.
3. DagangHalal Group
4. Saffron Road
5. Kawan Foods Berhad
Frequently Asked Questions about the Global Halal Food Market

What is the estimated value of the Global Halal Food Market?

The Global Halal Food Market was estimated to be valued at $842.4 Million in 2020.

What is the growth rate of the Global Halal Food Market?

The growth rate of the Global Halal Food Market is 10.8%, with an estimated value of $1729.8 Million by 2027.

What is the forecasted size of the Global Halal Food Market?

The Global Halal Food Market is estimated to be worth $1729.8 Million by 2027.

Who are the key companies in the Global Halal Food Market?

Key companies in the Global Halal Food Market include QL Foods Sdn Bhd, Al Islami Foods Co., DagangHalal Group and Kawan Foods Berhad.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Al Islami Foods Co.
  • DagangHalal Group
  • Kawan Foods Berhad
  • QL Foods Sdn Bhd
  • Saffron Road


1. Introduction2. Research Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Halal Food Market
6. Market Share - Global Halal Food Market
6.1 By Product
6.2 By Distribution
6.3 By Region
7. Product - Global Halal Food Market
7.1 Meat Alternatives
7.2 Milk Milk products
7.3 Grain Products
7.4 Fruit Vegetables
7.5 Others
8. Distribution - Global Halal Food Market
8.1 Traditional Retailers
8.2 Supermarket Hypermarket
8.3 Online
8.4 Others
9. Region- Global Halal Food Market
9.1 North America
9.2 Asia
9.3 Europe
9.4 Latin America
9.5 Middle East Africa
10. Company Analysis
10.1 QL Foods Sdn Bhd
10.1.1 Overview
10.1.2 Recent Development
10.2 Al Islami Foods Co.,
10.2.1 Overview
10.2.2 Recent Development
10.3 DagangHalal Group
10.3.1 Overview
10.3.2 Recent Development
10.4 Saffron Road
10.4.1 Overview
10.4.2 Recent Development
10.5 Kawan Foods Berhad
10.5.1 Overview
10.5.2 Recent Development


List of Figures:
Figure-01: Global Halal Food Market (Billion US$), 2017 - 2020
Figure-02: Forecast for - Global Halal Food Market (Billion US$), 2021 - 2027
Figure-03: Product - Meat Alternatives Market (Billion US$), 2017 - 2020
Figure-04: Product - Forecast for Meat Alternatives Market (Billion US$), 2021 - 2027
Figure-05: Product - Milk Milk Products Market (Billion US$), 2017 - 2020
Figure-06: Product - Forecast for Milk Milk Products Market (Billion US$), 2021 - 2027
Figure-07: Product - Grain Products Market (Billion US$), 2017 - 2020
Figure-08: Product - Forecast for Grain Products Market (Billion US$), 2021 - 2027
Figure-09: Product - Fruit Vegetable Market (Billion US$), 2017 - 2020
Figure-10: Product - Forecast for Fruit Vegetables Market (Billion US$), 2021 - 2027
Figure-11: Product - Others Market (Billion US$), 2017 - 2020
Figure-12: Product - Forecast for Others Market (Billion US$), 2021 - 2027
Figure-13: Distribution - Traditional Retailers Market (Billion US$), 2017 - 2020
Figure-14: Distribution - Forecast for Traditional Retailers Market (Billion US$), 2021 - 2027
Figure-15: Distribution - Supermarket Hypermarket Market (Billion US$), 2017 - 2020
Figure-16: Distribution - Forecast for Supermarket Hypermarket Market (Billion US$), 2021 - 2027
Figure-17: Distribution - Online Market (Billion US$), 2017 - 2020
Figure-18: Distribution - Forecast for Online Market (Billion US$), 2021 - 2027
Figure-19: Distribution - Others Market (Billion US$), 2017 - 2020
Figure-20: Distribution - Forecast for Others Market (Billion US$), 2021 - 2027
Figure-21: North America - Halal Food Market (Billion US$), 2017 - 2020
Figure-22: North America - Forecast for Halal Food Market (Billion US$), 2021 - 2027
Figure-23: Asia - Halal Food Market (Billion US$), 2017 - 2020
Figure-24: Asia - Forecast for Halal Food Market (Billion US$), 2021 - 2027
Figure-25: Europe - Halal Food Market (Billion US$), 2017 - 2020
Figure-26: Europe - Forecast for Halal Food Market (Billion US$), 2021 - 2027
Figure-27: Latin America - Halal Food Market (Billion US$), 2017 - 2020
Figure-28: Latin America - Forecast for Halal Food Market (Billion US$), 2021 - 2027
Figure-29: MEA - Halal Food Market (Billion US$), 2017 - 2020
Figure-30: MEA - Forecast for Halal Food Market (Billion US$), 2021 - 2027
Figure-31: Cargill - Global Revenue (Billion US$), 2017 - 2020
Figure-32: Cargill - Forecast for Global Revenue (Billion US$), 2021 - 2027
Figure-33: Nestle - Global Revenue (Billion US$), 2017 - 2020
Figure-34: Nestle - Forecast for Global Revenue (Billion US$), 2021 - 2027
List of Tables:
Table-01: Global Halal Food Market Share by Product (Percent), 2017 - 2020
Table-02: Forecast for - Global Halal Food Market Share by Product (Percent), 2021 - 2027
Table-03: Global Halal Food Market Share by Distribution (Percent), 2017 - 2020
Table-04: Forecast for - Global Halal Food Market Share by Distribution (Percent), 2021 - 2027
Table-05: Global Halal Food Market Share by Region (Percent), 2017 - 2020
Table-06: Forecast for - Global Halal Food Market Share by Region (Percent), 2021 - 2027
Note: Product cover images may vary from those shown
  • QL Foods Sdn Bhd
  • Al Islami Foods Co.
  • DagangHalal Group
  • Saffron Road
  • Kawan Foods Berhad
Note: Product cover images may vary from those shown

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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