Halal food is food that conforms to Islamic standards of food, halal food is free from substances that Muslims are forbidden to eat by law, or food that has been processed or stored in a container that is sufficiently clean in accordance with Islamic law.

The Halal certification provides an assurance of compliance with specific standards, attracting consumers seeking products with stringent quality control. Governments and regulatory bodies worldwide are recognizing the importance of Halal certification and establishing standards to ensure the authenticity and integrity of Halal products. This enhanced standardization contributes to consumer confidence and facilitates Halal Food Market growth. Halal Food Market was valued at US$ 2,144.50 Billion in 2022 and is projected to grow at a CAGR of 6.5% to reach US$ 3493.6 Billion by 2032.

The report “Halal Food Market, By Product (Meat & Alternatives, Milk & Milk Products, Fruit & Vegetables, Grain Products, Others), By Distribution Channel (Hypermarket & Supermarket, Departmental Store, Online, Others), By Application (Restaurant, Hotel, and Home), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends Analysis and Forecast till 2032 “

Key Highlights:

• In 2021, with the launch of a plant-based burger, Middle Eastern company Al Islamic Foods has made its meat-free debut. The company, which is based in the United Arab Emirates and is one of the region's largest frozen food producers, said it launched the product in response to a growing demand for healthier vegan options and in time for Veganuary, a global campaign encouraging people to try a plant-based diet in the New Year.
• In December 2022, The Halal Guys is rounding out the year with a spicy limited-time treat, the world's largest halal restaurant brand launching a new Chicken Shawarma. The restaurant chain offers two versions of chicken shawarma: a chicken shawarma sandwich and a chicken shawarma platter. A delicious blend of fresh, authentic herbs, spices, and chilies combine with thinly sliced chicken that has been marinated until it is soft to create Halal Guys' Chicken Shawarma. Each savory bite is so bursting with flavor that it will utterly titillate senses.

Analyst View:

As the world's population continues to grow, the demand for convenience food is also growing at a rapid rate. Globally, rising living standards, improving lifestyles, and rising disposable incomes are the primary reasons driving the global halal food market forward in the near future. However, the l halal food market is predicted to increase significantly, particularly in Russia and China. The fast-growing meat-consuming populace in these countries is largely to blame for the rise in halal food consumption. For instance, 65,000 kg of halal beef were produced in Russia in 2011. Increased efforts by organizations to increase awareness about the halal industry's market growth through events and trade fairs are also predicted to contribute to halal food market growth in the near future.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Halal Food Market, By Product (Meat & Alternatives, Milk & Milk Products, Fruit & Vegetables, Grain Products, Others), By Distribution Channel (Hypermarket & Supermarket, Departmental Store, Online, Others), By Application (Restaurant, Hotel, and Home), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Market Insights from the report:

Halal Food Market accounted for US$ 2,144.50 billion in 2022 and is estimated to be US$ 3493.6 billion by 2032 and is anticipated to register a CAGR of 6.5%. The Halal Food Market is segmented based on Product, Distribution Channel, Application, and Region.

• Based on Product, Halal Food Market is segmented into Meat & Alternatives, Milk & Milk Products, Fruit & Vegetables, Grain Products, Others.
• Based on Distribution channel, Halal Food Market is segmented into Hypermarket & Supermarket, Departmental Store, Online, Others.
• Based on Application, Halal Food Market is segmented into Restaurant, Hotel, and Home.
• By Region, the Halal Food Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Halal Food Market:

The prominent players operating in the Halal Food Market includes, Nestle SA, Nema Food Company, Namet Gida, Banvit Meat and Poultry, Isla Delice, Al Islami Foods, Unilever, Kawan Foods, QL Foods, Ramly Food Processing, China Haoyue Group, Arman Group, and Hebei Kangyuan Islamic Food. 

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