Halal Food Market Size to Reach US$ 2.9 Trillion by 2024- IMARC Group

1. Global Halal Food Market Research Report and Forecast Report Edition: 2019 Copyright © IMARC Service Pvt Ltd. All Rights Reserved © 2019 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Halal Food Market Overview: According to the latest report by IMARC Group, titles “Halal Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global halal food market reached a value of US$ 1.6 Trillion in 2018. Halal Food refers to food products that have been certified by the Islamic dietary law to be permissible for consumption by the Muslims. These food products must not comprise prohibited ingredients such pork, blood, alcohol and other intoxicants, and the meat of carnivorous animals. According to the law, halal food must be prepared and stored in utensils that have been cleansed according to the Islamic dietary guidelines. For instance, lamb and chicken are considered halal provided they are slaughtered by a Muslim slaughterer while reciting a dedication, known as the shahada. Halal Cosmetics Market Trends The meaning of Halal food has undergone a transformation over time. It earlier referred to slaughtered animal meat that is free from alcohol or any kind of intoxication. However, it has now acquired the meaning of toxin-free, clean, fresh and healthier food option, which has significantly increased its popularity across the globe, especially among the health-conscious consumers.

4. Report Description and Highlights Report Description Additionally, rising disposable income has increased the expenditure capacity, which ahs led to people spending more on meat and related products. Other factors such as promotional activities by manufactures also positively contribute to the market growth. On account of the aforementioned factors, the global halal food market size is anticipated to reach a value of US$ 2.9 Trillion by 2024, expanding at a CAGR of nearly 11% during 2019-2024.

5. Report Description and Highlights Report Description • Furthermore, a rapidly growing Muslim population is one of the key factors influencing the sales of halal food. • Key Market Segmentation: • Market Segmentation by Product • Meat, poultry & Seafood • Fruits & Vegetables • Dairy Products • Cereals & Grains • Oil, Facts & Waxes • Confectionery • Others • On the basics of the product, the market has been divided into fruits and vegetables; meat, poultry and seafoods; oil, fact and waxes; dairy products, cereals and grains; and confectionery. Currently, the meat, poultry and seafood segment accounts for the majority of the market share. • Market Segmentation by Distribution Channel

6. Report Description and Highlights Report Description • Traditional Retailers • Supermarkets & Hypermarkets • Online • Others • Based on the distribution channel, the market has been classified into traditional retailers, supermarkets and hypermarkets, and online. Among these, supermarkets and hypermarkets are the most popular channel of distribution. • Market Segmentation by Region • North America • Europe • Asia Pacific • Latin America • Middle East and Africa • On the geographical front, Asia pacific holds the leading position in the market. Other major regions include Europe, North America, Middle East and Africa, and Latin America.

7. Report Description and Highlights Report Description • Competitive Landscape: • The competitive landscape of the market has also been examined with some of the key players. • Al Islamic Foods • QL Foods • Saffron Road Food • Dagang Halal • Janan Meat • Kawan Foods • Cargill • Prima Agri-Products • Nestle • BRF • Al-Falah Halal Foods • Tahira Food • For more information, click here: https://www.imarcgroup.com/halal-food-market

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9. Partial List of Clients • We are the trusted business partners to the world's leading corporates, governments, and institutions A partial List of our Clients

10. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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