Halal Food Market

1. Analysis of Halal Food Market Size by Research Nester Reveals the Market to Grow with a CAGR of ~10.8% During 2024-2036 and Attain ~USD 4.4 Trillion by 2036 Research Nester’s recent market research analysis on “Halal Food Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitor analysis and a detailed overview of the global Halal Food market in terms of market segmentation by product, distribution channel, and by region. Growing awareness about eating habits to Promote Global Market Share of Halal Food The global Halal Food market is estimated to grow majorly on account of major changes seen in the eating habits of Muslim and non-Muslim consumers. Muslims are prohibited from eating food items or beverages that fall under the category of haram, so the main drivers of the halal food market are Muslims but the halal practices being followed for the production of halal goods are gaining traction from consumers worldwide. Halal products need to be pure, hygienic, and free from pork and do not constitute other ingredients that are considered to be haram as per the Islamic Law - the Shariah. Request Report Sample@ https://www.researchnester.com/sample-request-6076 Therefore, both types of consumers are interested in purchasing halal- certified goods. India has seen a 51% increase in the past two years in halal food exports since here not only Muslims but Non-Muslims also raised the demand for halal products due to their health benefits. Additionally, the Agriculture and Processed Food Products Export Development Authority (APEDA) keeps a check on the meat processing plants, and the halal

2. exporters are required to sell cattle from slaughterhouses to ensure the consumers that the halal products whether meat or grain are authentic. Some of the major growth factors and challenges that are associated with the growth of the global Halal Food market are: Growth Drivers: •Increasing demand for halal-certified plant-based food. •Muslim visitors seeking halal-certified food and beverages. Challenges: Although there are many health benefits associated with halal food such as reduction in the risk of foodborne illness, the halal food market is still experiencing some challenges. Many restaurants and hotels used to offer halal food in foreign countries but now slowly the halal food is vanishing from their menu list. This could be due to the high cost and time-consuming process of halal certification. Additionally, various halal certification logos. Every business has its own logo leading to confusion among the consumers regarding the halal certification authenticity. Overall these are some of the major factors anticipated to hamper the global market size of Halal Food. By type, the global Halal Food market is segmented into meat products, dairy products, and vegan products. The meat products segment is to garner the highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. The demand of consumers for pure and safe meat products is stimulating growth in the halal food market. Regular meat products are not prepared by halal procedures and that’s why they may constitute harmful bacteria, and additional preservatives that are not permissible for Muslims to consume. Therefore, meat consumers prefer halal meat to ensure hygiene and adherence to Shariah Law.

3. Additionally, some procedures for the slaughtering of cattle need to be followed to prepare halal meat which is the animal should not be stunned before the slaughtering since it is believed that the animal may die for halal meat, the slaughtering needs to be performed when the animal is alive with specific knives. By region, the Asia Pacific Halal Food market is to generate the highest revenue by the end of 2036. This growth is anticipated by the growing recognition of Muslim’s halal eating habits and the sheer increase in the Muslim population, majorly in India. The halal food market in Europe has seen a significant increase in both Muslim and Non-Muslim meat consumers. Here, in the region, consumers are looking for high-quality halal products that are prepared ethically. Additionally, to promote halal goods and gain consumer’s trust, the European union pushes businesses to apply for halal certifications. European Certification Center (ECC) for Halal provides halal certification to businesses by helping them first understand the concept of halal and haram. Further, the halal products are rapidly expanding among the supermarkets and customers are actively purchasing the halal certified products. The United Kingdom has also seen an extent in the urge for halal foods and beverages due to health concerns among consumers. This report also provides the existing competitive scenario of some of the key players of the Tahira Foods Ltd, Saffron Road, AL Islami Foods Co., QL Foods Sdn Bhd, Cargill Inc., Prima Agro products, Unilever, Nestle SA, Kawan Foods Berhad, Midamar Corporation and others. Access our detailed report at: https://www.researchnester.com/reports/halal-food- market/6076

4. Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties. Contact for more Info: AJ Daniel Email: info@researchnester.com U.S. Phone: +1 646 586 9123 U.K. Phone: +44 203 608 5919