Market Research Future published a half-cooked research report on the global halal foods & beverages market, which is estimated to grow at a CAGR of 10.2% during the forecast period, 2017-2023.

Market Overview:

Halal Foods & Beverages Industry is observing an exponential growth based on its high consumption among the consumers. The global halal foods & beverages market is projected to propel by increasing awareness regarding available benefits from the halal food & beverage products. Additionally, the halal foods & beverages market is growing due to increasing meat & meat products consumption.

 Market Forecast:

The significant factor driving the growth of the halal food & beverages market is the increasing demand for halal labeled food products among the consumers. Furthermore, the development of the food technology is providing the extra space for the frozen food manufacturers. In addition, the mounting growth of the organized retail industry is also anticipated to be one of the important factors for increasing growth of halal food & beverage products market during the forecast period. Consumers are interested to buy the products from supermarkets & hypermarkets instead of the normal grocery shop.

Furthermore, advance processing methods & technologies and high opportunities in developing countries are positively supporting the growth of the market. However, the availability of economical alternatives and the high cost of halal products may hamper the halal foods & beverages market over the review period. The market players are responding to these new opportunities by expanding their product line, which has boosted the share of the halal foods & beverages in the global market. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 10.2% of the halal foods & beverages market during the forecast period, 2017-2023. 

Competitive Dynamics:

American Halal Company, Inc. (US), Cleone Foods Ltd. (UK), Nestle S.A. (Switzerland), Al Islami Foods (The UAE), BRF S.A. (Brazil), QL Foods Sdn. Bhd. (Malaysia), Nema Food Company (US), Beijing Shunxin Agriculture Co., Ltd. (China), Namet Gda San. Ve Tic. Inc. (Turkey), Midamar Corporation (US), Tahira Foods Ltd (UK), are some of the key players in the global halal foods & beverages market.

Market Segmentations:

Type, category, packaging, and distribution channel are the segments that make up the global halal foods and drinks market.

By Type: Meat, Poultry & Seafood, Sweet & Savoury Snacks, RTE & RTD Meals, Soups, Sauces, & Dressings, and Others

By Distribution Channel: Store-Based Supermarkets & Hypermarkets, Convenience Stores, and Others and Non-Store-Based

BY Region: North America, Europe, Asia-Pacific, and Rest of the World

Top Manufactures:

American Halal Company, Inc. (US), Cleone Foods Ltd. (UK), Nestle S.A. (Switzerland), Al Islami Foods (The UAE), BRF S.A. (Brazil), QL Foods Sdn. Bhd. (Malaysia), Nema Food Company (US), Beijing Shunxin Agriculture Co., Ltd. (China), Namet Gda San. Ve Tic. Inc. (Turkey), Midamar Corporation (US), Tahira Foods Ltd (UK), are some of the key players in the global halal foods & beverages market.

Regional Overview:

Furthermore, the United States controls the market for halal foods and beverages in North America. In the North American area, shifting consumer preferences toward halal products and rising demand for meat products are expected to enhance the halal foods & beverages market throughout the forecast period. Furthermore, the primary essential players are actively participating in the product's research and development for improved functionality.

During the year 20192024, Asia-Pacific is predicted to be the fastest-growing region. The region's expansion can be due to rising consumer awareness of halal-certified foods. The largest consumers of halal food and drinks are China and Pakistan, which is projected to drive market growth throughout the forecast period. Due to the greatest Islamic population in regions such as the Middle East and Africa, the rest of the world maintains its supremacy in the worldwide halal food and beverage sector.  

Browse Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/halal-foods-beverages-market-5347

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