Global Halal Food Market 2020-2024
Technavio has been monitoring the halal food market and it is poised to grow by USD 624.52 bn during 2020-2024 progressing at a CAGR of 7% during the forecast period. Our reports on halal food market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increasing consumer expenditure on halal food and a strong distribution network between halal food manufacturers and retailers.
The halal food market analysis includes distribution channel segment, product segment, and geographic landscape.
Technavio's halal food market is segmented as below:
By Distribution Channel
- Halal meat, poultry, and seafood
- Halal bakery, confectionery, and cocoa
- Halal fruits, vegetables, and nuts
- Halal beverages
By Geographic Landscape
- South America
- North America
This study identifies the expansion of halal food production facilities as one of the prime reasons driving the halal food market growth during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our halal food market covers the following areas:
- Halal food market sizing
- Halal food market forecast
- Halal food market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading halal food market vendors that include Al Islami Foods, BRF SA, Cargill Inc., Flying Trade Ltd., Kawan Food Berhad, Midamar Corp., Nestle SA, Tahira Foods Ltd., The American Halal Co. Inc., and Unilever Group. Also, the halal food market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.