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LONDON--(BUSINESS WIRE)--Technavio has been monitoring the halal food market and it is poised to grow by USD 624.52 billion during 2020-2024, progressing at a CAGR of over 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19.Please Request Free Sample Report on COVID-19 Impact
Frequently Asked Questions-
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- What was the value of the halal food market in 2019?
- Technavio says that the value of the market was USD 1,528.25 billion in 2019 and it is projected to reach USD 2,152.77 billion by 2024.
- At what rate is the market projected to grow during the forecast period 2020-2024?
- Growing at a CAGR of over 7%, the market growth will accelerate during the forecast period.
- What is the key factor driving the market?
- Increasing consumer expenditure on halal food is one of the key factors driving the market growth.
- Who are the top players in the market?
- Al Islami Foods, BRF SA, Cargill Inc., Flying Trade Ltd., Kawan Food Berhad, Midamar Corp., Nestle SA, Tahira Foods Ltd., The American Halal Co. Inc., and Unilever Group are some of the major market participants.
- Which region is expected to hold the highest market share?
- APAC
- What is the year-over-year growth rate of the global market?
- The year-over-year growth rate for 2020 is estimated at 4.47%.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Al Islami Foods, BRF SA, Cargill Inc., Flying Trade Ltd., Kawan Food Berhad, Midamar Corp., Nestle SA, Tahira Foods Ltd., The American Halal Co. Inc., and Unilever Group are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Increasing consumer expenditure on halal food has been instrumental in driving the growth of the market.
Halal Food Market 2020-2024: Segmentation
Halal Food Market is segmented as below:
- Product
- Halal Meat, Poultry, and Seafood
- Halal Bakery, Confectionery, and Cocoa
- Halal Fruits, Vegetables, and Nuts
- Halal Beverages
- Others
- Geography
- APAC
- MEA
- Europe
- South America
- North America
- Distribution channel
- Offline
- Online
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43716
Halal Food Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our halal food market report covers the following areas:
- Halal Food Market size
- Halal Food Market trends
- Halal Food Market analysis
This study identifies the expansion of halal food production facilities as one of the prime reasons driving the halal food market growth during the next few years.
Halal Food Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the halal food market, including some of the vendors such as Al Islami Foods, BRF SA, Cargill Inc., Flying Trade Ltd., Kawan Food Berhad, Midamar Corp., Nestle SA, Tahira Foods Ltd., The American Halal Co. Inc., and Unilever Group. Backed with competitive intelligence and benchmarking, our research reports on the halal food market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Halal Food Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist halal food market growth during the next five years
- Estimation of the halal food market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the halal food market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of halal food market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Halal beverages - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by Distribution channel
- Market segments
- Comparison by Distribution channel
- Offline - Market size and forecast 2019-2024
- Online - Market size and forecast 2019-2024
- Market opportunity by Distribution channel
Customer Landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Impact of COVID-19 pandemic on the market
- Key leading countries
- Market opportunity by geography
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Volume Drivers – Demand led growth
Market Challenges
Market Trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Al Islami Foods
- BRF SA
- Cargill Inc.
- Flying Trade Ltd.
- Kawan Food Berhad
- Midamar Corp.
- Nestle SA
- Tahira Foods Ltd.
- The American Halal Co. Inc.
- Unilever Group
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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