Halal Food Market in the US 2017-2021
About Halal Food
Halal is an Arabic term meaning permissible or lawful. While its opposite is called as haram that signifies unlawful or prohibited. Both the terms rule Muslims' daily dietary living and other activities. It includes food, cosmetics, banking, clothing, travel, and more. In past few years, the term halal has grown to include a range of hygienic and high-quality meat products, food products, food ingredients, personal care products, cosmetics, and leather goods.
Technavio’s analysts forecast the halal food market in the US to grow at a CAGR of 3.48% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the halal food market in the US for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.Technavio's report, Halal Food Market in the US 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Halal Food Market in the US 2017-2021
Technavio recognizes the following companies as the key players in the halal food market in the US: Al-Safa Halal, American Halal Company, Crescent Foods, Midamar, and Nema Food.
Other Prominent Vendors in the market are: Adamscandylandstore, ALLEN HARIM, Callebaut, COLEMAN NATURAL, HalalEveryday, Kronos, SUKHI'S GOURMET INDIAN FOOD, and Texas Halal.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increased demand for convenience foods. Growing urbanization, hectic lifestyle, and large disposable income are some of the factors for the growing demand for convenience foods in the US. Added to this, improving lifestyle and rising disposable income of Muslim population have also fueled the demand for halal convenience foods.”
According to the report, one driver in the market is symbol of healthy food. Since halal animals are slaughtered, processed, and prepared according to strict Islamic dietary laws, these foods are considered healthy and hygienic when compared to non-halal foods. This has changed the outlook of non-Muslim consumers about the concept of halal foods. A small percent of the US population is of Muslims. However, the market for halal foods is still growing. This indicates the inclination of other community consumers toward halal foods.
Further, the report states that one challenge in the market is ethical labeling is a huge challenge. There have been some instances where the meat is processed and prepared according to halal laws but was not labeled as halal. Meat suppliers, packers and distributors do not segregate halal and non-halal meat separately. Many supermarkets and foodservices also offer halal meat without clearly labeling the product as halal. For instance, in Tesco, only meat present at the halal counter is labeled as halal while most of its other meat products are also prepared according to halal laws but are not labeled halal.
Al-Safa Halal, American Halal Company, Crescent Foods, Midamar, Nema Food, Adamscandylandstore, ALLEN HARIM, Callebaut, COLEMAN NATURAL, HalalEveryday, Kronos, SUKHI'S GOURMET INDIAN FOOD, and Texas Halal.
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