The Global Halal Foods Market Size Was Valued at USD 1.86 Trillion in 2021, and is Projected to Reach USD 3.53 Trillion by 2028, Growing at A CAGR of 9.6 % From 2022 to 2028.
Halal is an Arabic term that means "allowed" and refers to a system of regulations in Islam that dictate permissible and forbidden actions, which frequently involve food and drink. Meat must be slaughtered according to specific strict rules to be certified halal; otherwise, it is termed "haram," or illegal. According to this commandment, alcohol, blood, pork, pig by-products, animals that are dead before slaughtering, and animals that are not slaughtered in the name of Allah are all deemed 'haram,' or unfit for sustenance.
This study utilized various analytical tools such as Porter’s 5 Forces model and SWOT analysis. It also included market sizing, top-down and bottom-up research. Porter’s 5 Forces model allows you to identify the competitive advantages of a business in the market. The PESTLE analysis can measure the impact of political, economic, social, and technological factors. SWOT helps companies to understand their current position. It is primarily based on strengths and weaknesses. A bottom-up model that uses micro attributes to estimate the market. This market research study also uses top-down and value-chain analysis models.
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Key Prominent Players In The Halal Foods Market:
QL Foods Sdn Bhd,Al Islami Foods Co.,DagangHalal Group,Saffron Road,Kawan Foods Berhad,Janan Meat Ltd,Prima Agri-Products Sdn Bhd,Cargill Inc.,BRF S.A.,Nestle S.A.,Tahira Foods Ltd.,Al-Falah Halal Foods Ltd. and other major players.
Market segmentation
The Halal Foods market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.
By Product Type
- Meat
- Poultry Seafood
- Dairy Products
- Fruits Vegetables
- Others
By Distribution Channel
- Traditional Retailers
- Supermarkets/Hypermarkets
- Online Retail
- Others
Regional Analysis for COVID-19 Outbreak-Global Halal Foods Market:
- APAC (Japan, China, South Korea, Australia, India, and Rest of APAC)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
- North America (U.S., Canada, and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, UAE, South Africa)
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COVID-19 Impact on Global Halal Foods Market
The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols range from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders.
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- Overview, Industry Analysis, and Introduction are all included in the 2022 update report.
- The package contains the COVID-19 Pandemic Impact Analysis.
- Provide chapter-by-chapter guidance regarding the Request
- An Updated Regional Analysis Using a Graphical Representation Of Size, Share, and Trends For The Year 2022
- Tables Figures have been updated
- The latest version of this report includes the Top Market Participants, their Business Strategies, SWOT Analysis, and Historical Growth.
- Facts, Factors, Research Methodology
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