• Wed. Nov 30th, 2022

Over $1.29 trillion in halal food industry worldwide through 2031 – APAC was largest region in 2021 – ResearchAndMarkets.com

ByStephanie M. Akbar

Nov 17, 2022

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DUBLIN–()–The “Global Halal Food Market Report 2022” report has been added to from ResearchAndMarkets.com offer.

This report provides strategists, marketers, and senior management with the critical information they need to assess the global Halal Foods market.

The global halal food market is expected to grow from $1134.14 billion in 2021 to $1290.35 billion in 2022 at a compound annual growth rate (CAGR) of 13.8%. The halal food market is expected to reach $2228.63 billion in 2026 at a CAGR of 14.6%.

Companies cited

  • Al Islami Foods

  • AL-FALAH FROZEN FOODS

  • Brazilian cuisine (BRF)

  • Cargil Inc.

  • Dagang Halal Sdn. Bhd.

  • Kawan Food Berhad

  • Midamar Halal

  • Nestle

  • Prima Agri-Products

  • QL Foods Sdn. Bhd.

  • Saffron Road Food

  • Tahira Foods Ltd.

  • The American Halal Co. Inc.

  • Unilever Group

  • American Foods Group LLC

  • Beijing Shunxin Agriculture

  • Halal food Jingyitai

Reasons to buy

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The halal food market consists of the sale of halal food by entities (organizations, independent traders and partnerships) that adhere to Islamic food standards. Halal food is free from ingredients that Muslims are restricted to eating by law or foods that are processed, manufactured or stored in sufficiently clean containers according to Islamic laws. Halal food is safer to eat, more ethical, less prone to meat contamination and improves metabolism as this food is free from pork, alcohol/intoxicants, poisons and unhygienic content.

The main types of Halal food are meat, poultry and seafood, fruits and vegetables, dairy products, cereals and grains, oil, fats and waxes, and confectionery. Meat is a meal made from the flesh of an animal. Halal food is distributed through hypermarkets, supermarkets, online stores and specialty store chains. Food is used by households, food services and the food industry.

Asia-Pacific was the largest region in the Halal Food Market in 2021. Regions covered in the Halal Food Market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa.

The Halal Food Market research report is one of a series of new reports that provide statistics on the Halal Food market, including the global Halal Food industry market size, regional shares, Competitors Holding Halal Food Market Share, Detailed Halal Food Market Segments, Market Trends and Opportunities. , and any other data you may need to thrive in the halal food industry. This Halal Food Market research report provides a comprehensive perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The growing Muslim population across the globe is contributing significantly to the growth of the halal food market. The Muslim population is a community of Islamic people who practice Islam. The growing demand for halal certified food among Muslims is due to the assurance of food safety and hygiene. According to the Pew Research Center, a US-based non-partisan American think tank, the growth of the Muslim population worldwide is expected to increase by approximately 2.19 billion by 2030. Therefore, the increase in Muslim population is expected to drive the growth of the halal food market.

Technological advancements in halal food products are key trends that are gaining popularity in the halal market. With the growing demand for halal food, halal labs are actively engaged in food safety, testing food products to maintain quality standards to detect the presence of porcine material or alcohol, blockchain and Internet of things (IoT) are the technological advancements. that strengthen the market. For example, in July 2019, Trace Labs, a Hong Kong-based tech startup, and OneAgrix, a Singapore-based business-to-business online marketplace for halal products, launched a blockchain-based halal certification system. The Blockchain platform provides transparency in the Halal economy and helps trace the origin of Halal food products.

The countries covered in the Halal Food Market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom and the United States.

For more information on this report, visit https://www.researchandmarkets.com/r/hkyyg8

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