Halal Food market Size, Share, Industry, Forecast 2030

Data Bridge Market Research recently undertook a comprehensive market intelligence investigation into the Halal Food market. Their freshly released report adopts an attractive format, effectively presenting crucial data through visually captivating tables, graphs, charts, and figures.

The comprehensive Halal Food market report studies wide-ranging evaluation of the market growth predictions and restrictions. The strategies range from new product launches, expansions, agreements, joint ventures, partnerships, to acquisitions. This industry report comprises of a deep knowledge and information on what the market’s definition, classifications, applications, and engagements and also explains the drivers and restraints of the market which is derived from SWOT analysis. Global market analysis report serves a lot for the business and bestows with solution for the toughest business questions. While producing Halal Food report, research and analysis has been carried out with one step or the combination of several steps depending upon the business and client necessities.

Halal Food market survey report includes CAGR value fluctuations with respect to rise or fall for the certain forecast time. The data collected to produce this business report is based on the data collection modules with large sample sizes. The vital highlights of this market report are key market dynamics, current market scenario and future prospects of the sector. What is more, rising product trends, major drivers, challenges and opportunities in the market are recognized and analysed factually while generating this report. With the use of well established tools and techniques in Halal Food report, complex market insights are turned into simpler version.

Data Bridge Market Research anticipates that the halal food market is set to achieve a value of USD 5,912.58 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 12.10% from 2023 to 2030.

Download Sample PDF Copy of this Report to understand structure of the complete report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-halal-food-market

Market Definition

Halal food are those food products that meet Islamic standards. According to Islamic laws, halal food is free from ingredients that are processed, manufactured, or stored in clean enough vessels. Halal food is more ethical, safer to eat, less prone to meat contamination, and increases metabolism because it is free of poisons, pork, alcohol or intoxicants, and unhygienic content.

Halal Food Market Dynamics

Drivers

• Growing Muslim population all over the globe boosting the market growth

The increasing muslim population all over the globe is considerably contributing to the growth of the market. The growing demand for halal-certified food among Muslims is owing to the assurance of food hygiene and safety. According to the Pew Research Center report, a US-based nonpartisan American think tank, the growth of the Muslim population is expected to rise by about 2.19 billion by the year 2030 globally. Thus, the increasing Muslim population is anticipated to drive the halal food market growth rate.

• Increasing implementation of strict rules regarding halal foods

Many Islamic and non-islamic countries are implementing strict regulatory frameworks, which involve globally accepted standards, to attract new participants in the market. Recently, the Government of Indonesia introduced mandatory halal labeling and certification rules in 2019, owing to which consumers prefer halal food nowadays. With an increase in the demand for halal foods, manufactures have extended their product portfolio by introducing numerous value-added food products, including sandwiches, cookies, hot dogs, soups, candies, burgers, creams and pizzas. Thus, increasing implementation of strict rules regarding halal foods is likely to impel the market growth.

Opportunities

• Rising technological advancements in halal food products

Technological advancements in halal food products are major trends which is gaining popularity in the global halal market. With the growing demand for halal foods, halal laboratories are dynamically engaged in the food safety. These laboratories are focusing on analyzing food products for maintaining quality standards and detecting the presence of alcohol, blockchain or porcine material that strengthen the market. For instance, Fluree PBC, a US-based open-source semantic graph database company, collaborated with Sinisana Technologies, a Malaysia-based Web3 Blockchain Traceability in 2022. With this collaboration, they announced that they would allow the Malaysia-based supply chain organization to offer unrivaled end-to-end halal food product sourcing, and safety to its customers.

• Surging product launches to broadened the halal food product line

The surging product launches and other innovations by major market players further offer numerous opportunities for the market growth. For instance, Marks & Spencer has launched its own-brand halal-ready meals, including chicken and leek bake, and chicken hotpot, chicken arrabbiata, chicken and mushroom tagliatelle, chicken jalfrezi, and chicken tikka masala in November 2019. These meals will be available in Dubai, U.K., and Singapore outlets, operated by Al-Futtaim.

 Halal Food Market Regional Analysis/Insights

Asia-Pacific dominates the halal food market in terms of revenue and market share owing to the ever-growing Muslim population base in this region. Moreover, growth of food and beverages industry, increasing awareness regarding the nutritional composition of halal food will further propel the market growth in this region.

Europe is expected to be the fastest developing region during the forecast period of 2023-2030 due to increasing trend of certified products in this region. Furthermore, rising product visibility among consumers will further boost industry growth in this region.

For further details on this research report, please visit the provided - https://www.databridgemarketresearch.com/reports/global-halal-food-market

Some of the major players operating in the halal food market are:

• Nestlé S.A. (Switzerland)

• Cargill, Incorporated (U.S.)

• Unilever (U.K.)

• Al Islami (Dubai)

• American Foods Group, LLC (U.S.)

• QL Foods Sdn Bhd (Malaysia)

• PRIMA AGRO LIMITED (Malaysia)

• Saffron Road (U.S.)

• Allanasons Private Limited (India)

• Kawan Food Manufacturing Sdn Bhd (Malaysia)

By Type (Halal Food, Halal Drinks and Halal Supplements), Distribution Channel (Hypermarkets/ Supermarkets, Convenience Stores, Online Channel and Others), Product Type (Meat, Poultry and Seafood, Fruits and Vegetables, Dairy Products, Cereals and Grains, Oil, Fats and Waxes, Confectionery and Others), Product Base (Native Starch, Modified Starch and Sweeteners)

Discover More Insightful Reports:

Used cooking oil market - https://www.databridgemarketresearch.com/reports/global-used-cooking-oil-market

Philippines Cold Storage Warehouse Market - https://www.databridgemarketresearch.com/reports/philippines-cold-storage-warehouse-market

Middle East and Africa Olive Oil Market - https://www.databridgemarketresearch.com/reports/middle-east-and-africa-olive-oil-market

Propolis Market - https://www.databridgemarketresearch.com/reports/global-propolis-market

Europe A2 Milk Market - https://www.databridgemarketresearch.com/reports/europe-a2-milk-market

Whipping Cream Market - https://www.databridgemarketresearch.com/reports/global-whipping-cream-market

Europe Cannabis Seeds Market - https://www.databridgemarketresearch.com/reports/europe-cannabis-seeds-market

Saffron Market - https://www.databridgemarketresearch.com/reports/global-saffron-market

Nutritional Beverages market - https://www.databridgemarketresearch.com/reports/global-nutritional-beverages-market

Nutritional Bar Market - https://www.databridgemarketresearch.com/reports/global-nutritional-bar-market

About Data Bridge Market Research:

An absolute way to predict what the future holds is to understand the current trend! Data Bridge Market Research presented itself as an unconventional and neoteric market research and consulting firm with an unparalleled level of resilience and integrated approaches. We are committed to uncovering the best market opportunities and nurturing effective information for your business to thrive in the marketplace. Data Bridge strives to provide appropriate solutions to complex business challenges and initiates an effortless decision-making process. Data Bridge is a set of pure wisdom and experience that was formulated and framed in 2015 in Pune.

Data Bridge Market Research has more than 500 analysts working in different industries. We have served more than 40% of the Fortune 500 companies globally and have a network of more than 5,000 clients worldwide. Data Bridge is an expert in creating satisfied customers who trust our services and trust our hard work with certainty. We are pleased with our glorious 99.9% customer satisfaction rating.

Contact Us: -

Data Bridge Market Research

US: +1 888 387 2818

United Kingdom: +44 208 089 1725

Hong Kong: +852 8192 7475

Email: – sopan.gedam@databridgemarketresearch.com