About Halal Food Market in Europe
Halal is an Arabic term meaning "permissible" or "lawful." The opposite of halal is haram, which means "prohibited" or "unlawful." These terms govern each aspect of Muslims' lives, including food, clothing, banking, traveling, and so on.
In recent years, the term "halal" has evolved in meaning to encompass a range of hygienic and high-quality food products, meat products, cosmetics, personal care products, leather goods, and food ingredients. Though halal foods were originally intended for Muslims, people of all religions and ethnic backgrounds are showing an interest in them today, as they are recognized for their safety and ethical qualities.
Technavio’s analysts forecast the halal food market in Europe to grow at a CAGR of 13.91% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the halal food market in Europe for 2016-2020. To calculate the market size, the report considers revenue generated through the sales of various halal food products, including livestock, processed food, non-alcoholic beverages, and dairy products.
The market is divided into the following segments based on products:
Technavio Announces the Publication of its Research Report – Halal Food Market in Europe 2016-2020
Technavio recognizes the following companies as the key players in the Halal Food Market in Europe: Nestlé, Tahira Foods, Casino, Tariq Halal, Carrefour, and Isla Délice.
Other Prominent Vendors in the market are: Pure Ingredients, Reinert Group, Al-Falah Halal Foods, Cleone Foods, Crown Chicken, Eggelbusch, Euro Foods Group, Shaheen Foods, and Sickendiek Fleischwarenfabrik.
Commenting on the report, an analyst from Technavio’s team said: “The setting up of accreditation agencies is expected to regulate and foster the growth of the halal food market in Europe. These agencies will introduce and enforce clear and verifiable standards to be followed by all vendors. This will also facilitate a systematic logistics and supply chain management system, with track-and-trace procedures in place, to monitor the transport of these foods globally and ensure that their integrity is maintained.”
According to the report, the rise in the Muslim population globally, and specifically in Europe, has triggered the demand for halal food. To cater to this growing demand, an increasing number of retail formats are selling halal food products. It is mandatory for supermarkets here to label foods containing halal meat. Across Europe, retail chains like Tesco, Sainsbury's, Marks & Spencer, and Waitrose sell halal food, including halal meat, confectionery, bread, cereals, and snacks.
Further, the report states that halal food products have to be certified by a reputable and authentic global or local body. This is mandatory in all countries manufacturing and exporting these products. However, the lack of a global certification authority has led to different standards being developed in different countries.
Nestlé, Tahira Foods, Casino, Tariq Halal, Carrefour, Isla Délice, Pure Ingredients, Reinert Group, Al-Falah Halal Foods, Cleone Foods, Crown Chicken, Eggelbusch, Euro Foods Group, Shaheen Foods, Sickendiek Fleischwarenfabrik.
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