Global Halal Food Market 2019 - by Manufacturers, Regions, Type and Application, Forecast to 2024
Added: (Wed Mar 20 2019)
Bharat Book Bureau Provides the Trending Market Research Report on “Global Halal Food Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024” under Food & Beverage category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.
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.
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Scope of the Report:
In consumption market, the global consumption value of halal food increases with the 8.14% average growth rate. East Asia and Middle East & North Africa are the mainly consumption regions due to the bigger demand of downstream applications. In 2015, these two regions occupied 56.83% of the global consumption volume in total.
Halal food has mainly three types, which include fresh products, frozen salty products, processed products and others. With large number of Islam population and economy development, the consumers will need more halal food products. So, halal food has a huge market potential in the future. Manufacturers engaged in the industry are trying to produce high purity and good taste halal food through improving technology.
The major raw materials for halal food are fresh meat, food seasoning, packing materials and other additives. Fluctuations in the price of the upstream product will impact on the production cost of halal food, and then impact the price of halal food. The production cost of halal food is also an important factor which could impact the price of halal food. The halal food manufacturers are trying to reduce production cost by developing production method.
The worldwide market for Halal Food is expected to grow at a CAGR of roughly 6.1% over the next five years, will reach 1630 million US$ in 2024, from 1140 million US$ in 2019.
This report focuses on the Halal Food in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
Nestle
Cargill
Nema Food Company
Midamar
Namet Gida
Banvit Meat and Poultry
Carrefour
Isla Delice
Casino
Tesco
Halal-ash
Al Islami Foods
BRF
Unilever
Kawan Foods
QL Foods
Ramly Food Processing
China Haoyue Group
Arman Group
Hebei Kangyuan Islamic Food
Tangshan Falide Muslim Food
Allanasons Pvt
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Fresh Products
Frozen Salty Products
Processed Products
Others
Market Segment by Applications, can be divided into
Restaurant
Hotel
Home
Others
Browse our full report with Table of Contents : https://www.bharatbook.com/marketreports/global-halal-food-market-2019-by-manufacturers-regions-type-and-application-forecast-to-2024/1414338
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Submitted by:Sandhya Nair