Halal Products Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : Consumer Goods and Food and Beverages | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC444

Introduction

Halal is an Arabic word meaning permissible. Halal food adheres to the food habits and rules of the Islamic laws and is defined in the Kuran. The Islamic way of koshering animals is through killing them by putting a cut to the carotid artery, jugular vein and the windpipe. Moreover, according to the Halal law, animals should be healthy and alive at the time of their slaughter and all the blood after cutting the jugular vein should be drained through the carcass. During the process of an animal’s slaughter, a Muslim should recite shahada or tasmiya, generally a dedication considered as a ritual. Various people debate about the aspects of halal including the allowance of stunning. According to the Halal Food Authority, a non-profit organization which maintains and monitors the rules and regulations on the production of halal meat, stunning should not be used to slaughter an animal. Stunning is only allowed if the animal manages to survive after the first cut and is killed by halal process thenafter. Various food providers offer halal foods and related products such as spring rolls, halal foie gras, ravioli, chicken nuggets, pizza, lasagna and baby food among others. Stunned food products may contain by-products or other such animal body parts which do not permit Muslims to use on their bodies or eat. Till the last few years, halal food was processed exclusively for Muslims but now halal food is consumed across the globe by all ethnic backgrounds and religions since halal food is popular for its hygiene, safety and ethical quality. This is a key factor analyzed to drive the global halal food market over the forecast period.

Market Dynamics

One of the key factors boosting the global halal food market is rising awareness about halal food among consumers of all religions across the globe. Moreover, increasing awareness about halal food products globally through social media and other backgrounds, as well as rising demand for cleaner and more hygeinic food derivatives across the Islamic population of the world are some other major factors accelerating the growth of global halal food market over the forecast period. Furthermore, halal food market is expanding over the coming years and its demand for new varieties is in turn anticipated to increase over the coming years. Moreover, rising awareness regarding halal food products and new and better ways of slaughtering animal is ancitipated to pose a positive impact on the global halal food market.

Market Classification

The market can be bifurcated on the basis of product type, distribution channel and geography. By product type, the global halal products market can be segmented into fresh food, frozen food, grocery and dairy products. By distribution channel, the global halal products market can be segmented into traditional retailers, supermarkets and hypermarkets and others. On the basis of geography, the global halal products market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.

Report Coverage

Market

Global Halal Products Market

Analysis Period

2014 – 2024

Historic Data

2014 – 2015

Base Year

2016

Forecast Data

2017 – 2024

Market Stratification

Product Type, Distribution Channel, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

 

Market Participants

Some of the major players involved in the supply of halal food include Saffron Road, Nema Company, Al Hamara, Prima Agri, Reinert Group, Pure Ingredients, Cleone Foods, Al-Falah Halal Foods, Eggelbusch, Crown Chicken, Shaheen Foods, Euro Foods Group, Tesco, SickendiekFleischwarenfabrik, Sainsbury's and Marks & Spencer.

Market Segmentation

Market By Product Type

·         Fresh food

·         Frozen food

·         Grocery

·         Dairy products

Market By Distribution Channel

·         Traditional retailers

·         Supermarkets and hypermarkets

·         Others

Market By Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·         Latin America

o    Brazil

o   Chile

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA


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