Halal food market in US 2020-2024
Technavio has been monitoring the halal food market in the US and it is poised to grow by $ 8.17 bn during 2020-2024 progressing at a CAGR of 5% during the forecast period. Our reports on the halal food market in the US 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 US market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing sales through retail channels.
The halal food market in US analysis includes product segment and distribution channel segment.
Technavio's halal food market in the US is segmented as below:
- Halal meat, poultry, and seafood
- Halal cereals and grains
- Halal fruits, vegetables, and nuts
- Halal beverages
- Other halal foods
By Distribution Channel
- Supermarkets and hypermarkets
- Traditional retailers
This study identifies the rising Muslim population in the country as one of the prime reasons driving the halal food market in US 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 in the US covers the following areas:
- Halal food market in US sizing
- Halal food market in US forecast
- Halal food market in US 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 in US vendors that include Al Safa Foods Ltd., American Foods Group LLC, The American Halal Co. Inc., Barry Callebaut AG, Cargill Inc., Coleman Natural Foods LLC, Crescent Foods, Kronos Foods Corp., Midamar Corp., and Nema Food Distribution Inc. Also, the halal food market in the US 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.