(Food-Beverage-News.Com, July 23, 2018 ) Halal Food Market report provides an outlook for current market value as well as the expected growth of Halal Food during 2018-2023. The whole supply chain of Halal Food has been explained with statistical details with a special emphasis on various upstream and downstream components. The current trends pertaining to the demand, supply, and sales of Halal Food, together with the recent developments have been given here to provide an exhaustive picture of this market.
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.
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 and 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)
Scope of the Report: · 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. · 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 2023, from 1140 million US$ in 2017
