Halal Food Market

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Global Halal Food Market Is Estimated
To Witness High Growth Owing To
Increasing Demand for Halal Products and Growing
Muslim Population

• Halal Food Market
• Market Overview
• Halal food refers to food and beverages that
  are permissible according to Islamic law. These
  products are produced, processed, and
  manufactured following strict halal
  guidelines. The market for halal food is
  experiencing significant growth due to the
  increasing demand for halal products from the
  Muslim population worldwide. Halal food includes
  a wide range of products such as meat, poultry,
  dairy, beverages, and bakery items. Consumers opt
  for halal food to ensure compliance with their
  religious beliefs and to have confidence in the
  quality and safety of the products they consume.
• The global Halal Food Market is estimated to be
  valued at US 879.6 Bn in 2022 and is expected to
  exhibit a CAGR of 12.80 over the forecast period
  2023-2030, as highlighted in a new report
  published by Coherent Market Insights.
• Market Dynamics
• Two major drivers fueling the growth of the
  global Halal Food Market are the increasing

demand for halal products and the growing Muslim
population.
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• Increasing Demand for Halal Products The demand
  for halal food is rising due to the increasing
  awareness and preference for
  halal-certified products among Muslim
  consumers. The halal certification assures
  consumers that the products they consume meet the
  strict guidelines set by Islamic law.
  Additionally, non-Muslim consumers are also
  embracing halal food due to its perceived quality
  and safety standards.
• Growing Muslim Population The global Muslim
  population is expanding, resulting in an
  increased demand for halal food. According to the
  Pew Research Center, the Muslim population is
  projected to grow by approximately 70 by 2060.
  This significant increase in the Muslim
  population creates a large consumer base for
  halal food products, driving market growth.
• Segment Analysis
• The Halal Food Market can be segmented based on
  product type, distribution channel, and region.
  Among the various product types, the meat
  and alternatives segment is expected to
  dominate the market. Halal meat, including beef,
  lamb, and poultry, is the most consumed halal
  food product globally, driven by the
  dietary preferences of the Muslim population.
• PEST Analysis
• Political Governments worldwide are implementing
  regulations and guidelines to ensure the
  authenticity and proper labeling of halal food
  products, thereby creating a conducive
  environment for the market growth.
• Economic The rising disposable income of
  the Muslim population, especially in
  developing countries, is positively impacting the
  demand for premium halal food products.
• Social The increasing preference for halal food
  among non-Muslim consumers due to its perceived
  quality, safety, and ethical standards is
  widening the market opportunities.
• Technological Advances in technology, such
  as digital platforms and e-commerce,
  facilitate the distribution and accessibility of
  halal food products to a broader consumer base.
• E) Key Takeaways
• - The global Halal Food Market is expected to
  witness high growth, exhibiting a CAGR of 12.80
  over the forecast period, due to increasing
  demand for halal products and the growing Muslim
  population.

players in the region.
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- Key players operating in the global halal food
market include Cargill Inc., Al Islami Foods, QL
Resources Sdn Bhd, Haoyue Group, Kawan Food
Berhad, BRF S.A., and Saffron Road Food.
These companies have a strong market presence and
are actively investing in halal food products to
cater to the growing demand from consumers.