As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The halal food industry is being driven by the rising meat consumption among the growing global Muslim population. The growth is supported by the rising per capita incomes of the consumers and the adoption of halal certified foods by major food and beverages companies. With leading fast-food chains like KFC and McDonald’s (NYSE: MCD) offering halal options in a significant proportion of their branches, the market is expected to receive a further boost. In the coming years, the market is expected to be catalysed by the rising penetration and expansion of e-retail companies, especially in the emerging economies, as they extensively stock halal-certified products. Thus, the market is expected to be significantly influenced by the expansion of its distribution channels beyond traditional retailers, specialising in halal food.
The Asia Pacific region in currently providing extensive growth opportunities for the halal food industry. The industry in the region is being primarily supported by the presence of an expansive Muslim population. Countries like Indonesia, Pakistan, and Bangladesh are expected to be the key markets for halal food in the region. The market in these countries is being bolstered by the rising implementation of regulations pertaining to halal certification and labelling. In October 2020, Indonesia adopted the Halal Product Law, under which all consumer and related products that enter or are being traded in the country must have a Halal-certification. Since the first phase of the law is focused on food and beverages, the halal food industry is expected to receive a significant boost in the country.
Market Breakup by Product, Distribution Channel, End Use, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global halal food market are Al Islami Foods, QL Foods Sdn Bhd, Nestlé S.A, DagangHalal Sdn. Bhd., Cargill Inc., and Tahira Foods Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.