Halal Products Market: Overview
Halal is termed derived from a religious perspective in Islam. It is considered as a directive instruction that needs to be followed in terms of food, drink, and all the necessary things in the day-to-day life. With this belief, several products are introduced through a category named halal products and it has significantly witnessed uphold the demand.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
As per OIC (Organization of Islamic Cooperation), halal sub-segment meat product is considered as the most chosen food diet by Muslims. A large number of Muslim and France population consume halal products on daily basis in terms of dietary products and cosmetics.
Halal Products Market: Segmentation
The halal products market is bifurcated according to the main segment, based on product and region wise. Based on the product, the global halal products market is bifurcated as processed food and beverages, cosmetics and personal care, and Pharmaceuticals. Further based on region, the global market is segmented as North America, Asia-Pacific, Europe, Middle East, and Africa. The global halal products market is also bifurcated based on the distribution channels this includes online retailers, mall, brick and mortar stores, and local shopkeepers.
Halal Products Market: Growth Factors
The global halal products market has grown at an appreciable pace in past years and is projected to choose the way of significant growth in the upcoming years. Changing eating habits, rising disposable income, and the globally rising population of Muslim community around the globe and specifically in the Islamic country are some of the drivers of the halal products market. On the other side, imbalance transparency in terms of the constituents utilized for the personal and pharmaceuticals product is and failing to follow the halal standards by some key players has resulted in hindrance in the global halal products market. The halal products market at initial stage faced lots of uncertainties in terms of production procedure due to dissimilarity in standards. However, it is now turning out to be one of the potential markets for the investment.
Halal Products Market: Regional Analysis
On the regional perspective, the global halal products market is broadly segmented on the basis various regions such as North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. In this, Asia Pacific dominates among all the market, and the reason is a large number of certified halal products manufacturers and densely populated with Muslim populace. If monitored country wise, India, Brazil, and the U.S. are some of the crucial exporters. European halal products market is also expected to grow rapidly owing to growing Muslim population in the region.
Halal Products Market: Competitive Players
As halal products are diversely classified into various segments, every segment of halal products market is dominated by the different market player. The food and beverage segment of halal products is dominated by Nestle S.A. Cosmetic and personal care segment of halal products is controlled by Unilever and other players. While in chemical and material segment Reckitt Benckiser Group plc is the major dominating player.
Halal Products Market: Regional Segment Analysis
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