Halal Meat Market Massive Growth End by 2024 | Product Type, Regional Suppliers, Industry Share, Global Sales and Key players- Carrefour, Nestle, Tesco, Casino, Tariq Halal etc.-The NewsWeek Group
The global Halal Meat market growth by size will be attributed to the increasing consumer expenditure on Halal Meat and the expansion of production facilities. Because of the awareness about the advantages provided by these foods such as health and hygiene benefits, the Halal Meat market has started witnessing significant growth in the Asia-Pacific, Europe, North America, South America, Middle East & Africa.
Halal Meat Market Latest Research Report 2019-2024 presents an in-depth analysis of the Halal Meat Industry situations, market size, share, growth, trends, regional demand and competitive analysis by Halal Meat market vendors.
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Key Companies Analysis are-Carrefour SA, Nestle SA, Isla Delice, Tahira Foods Ltd., Tesco plc, Casino, Tariq Halal, Reghalal, Pure Ingredients, Reinert Group, Cleone Foods, Eggelbusch, Euro Foods Group, Shaheen Foods, Crown Chicken(Cranswick), Simons, Ekol, Halal-ash, Tsaritsyno, Hebei Kangyuan Islamic Food, Tangshan Falide Muslim Food, Barra Mansa, Arman Group, China Haoyue Group and Al Islami Foods.
The Halal Meats and beverages market offers a lucrative opportunity in the retail industry. The retail industry is observing a substantial growth over the last decade which in turn is positively impacting the overall demands of Halal Meat and beverage products. Additionally, the enhancement of the product coupled with technological advancements is considered to be one of the significant reasons for the increasing growth of the Halal Meats and beverages market during the forecast period, 2019-2024.
Halal Meat items are continuously influencing people’s eating patterns and the demand continues to increase due to diverse tastes and interest of both the Muslim and non-Muslims population. With the growth of the Halal Meat segment, several companies in the food and beverage sector such as Unilever and Nestlé are focusing on expanding their Halal Meat production facilities. These factors are expected to be the primary contributors to the growth in Halal Meat market size through 2024.
The global Halal Meat market is segmented by product type, by sales channels, and by region. By product type the global Halal Meat market is segmented into, cereal-based food products, fruits and vegetables, milk and dairy products and meat, poultry and seafood products. The cereal-based food products covers, rice, pasta and all other grains which are halal certified. The fruits and vegetable segment can be further sub-segmented into, canned fruits and vegetables, frozen fruits and vegetable products, raw fruits and vegetable products and others.
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One of the key Halal Meat market trends expected to impact market growth over the next few years is the introduction of blockchain in the Halal Meat market. faced by logistics limitations and the prevalence of fake halal products, vendors in the halal market will start adopting blockchain technology.
Market by Type
As blockchain tracks information at each checkpoint, from harvesting and packaging to warehouse storage and point of purchase, the adoption of this technology will enhance transparency throughout the supply chain. Moreover, as the information recorded in blockchain is made available for everyone, the adoption of this technology will also improve consumer confidence, which will subsequently drive the growth of Halal Meat market size.
Halal Meat products are prepared as per Islamic laws and are free of any pork products, alcohol and other ingredients which is creating immense demand for such products across the globe. Furthermore, the milk and dairy products segment are sub-segmented into, cheese, yogurt, ice-cream and desserts, and other segments. All these products are made with bacterial cultures but without animal rennet. By sales channel the global Halal Meat products market is segmented into, supermarkets and hypermarkets, convenience stores, specialty stores, e-commerce, and other retail formats.
Market by Application
On the basis of region the global Halal Food market is segmented into, North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and the Middle East and Africa. North America and Western Europe are expected to account for significant revenue shares in the global halal food market over the forecast period mainly attributed to changing lifestyle, increasing demand for value-added food products and increasing purchasing power of consumers who live in North America region such as the US, and in Europe region.
A significant factor driving the growth of the Halal Meats and beverages market is the increasing demand for ready to eat food both in developed and developing economies as well as shifting consumer preference for halal products.
The global halal food market across these regions is also expected to rise due to increasing per capita expenditure on food products and the increasing number of the Muslim population. The demand for halal food products is high across the Islamic countries such as, Saudi Arabia, the United Arab Emirates, Kuwait, Bahrain, Oman, and Qatar due to religious norms which is expected to result in significant revenue generation across the Middle East and African region.
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The convenience food trend and changing lifestyle leading to evolving dietary patterns and spending habits of consumers has led to the surge in the sale of convenience food which is directly influencing the sale of Halal meat products. Also, an increasing number of working female population in developing economies is also one of the major factors to fuel the sales of frozen Halal Meat products.
The global Halal Meat market growth is mainly attributable to the rapidly increasing Muslim population who demand global halal certification of food products. The global Halal Meat market is expected to witness significant growth across Russian and China market. The growth of Halal Meat across these countries is mainly attributed to rapidly increasing meat products consuming population.
Major chapters covered in Halal Meat Market Research are
1 Halal Meat Industry Overview
2 Halal Meat Industry Environment (PEST Analysis)
3 Halal Meat Market by Type
4 Major Companies List Halal Meat Market
5 Halal Meat Market Competition
6 Demand by End Halal Meat Market
7 Region Operation of Halal Meat Industry
8 Halal Meat Market Marketing and Price
9 Halal Meat Market Research Conclusion
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