Harrisburg, NC -- (SBWIRE) -- 02/21/2019 -- Global Halal Products Market Insights, Forecast to 2025
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.
The growth of Muslim population is the major driving factor of this market. Moreover, the rising development in the East and South East Asian countries has led to the increase in purchasing power among the population, further, augmenting the growth of Halal products market. The improvement in the supply chain in the retail sector is adding to the demand for Halal food products thereby adding to the growth of the halal products. Further, multilateral trade agreements and rise in consumption of halal products by other communities has boosted the flow of halal products in the global market.. However, the major restraint of halal products is the absence of standards of halal products globally and the companies operating in this field are required to seek certification from each country separately.
The Global Halal Products market to grow at a CAGR of over 2% during the forecast period.
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Top Leading Companies are: Nestle,Cargill,Nema Food Company,Midamar,Namet Gida,Banvit Meat and Poultry,Al Islami Foods,BRF,Unilever,Kawan Foods,QL Foods,Ramly Food Processing,China Haoyue Group,Arman Group,Hebei Kangyuan Islamic Food,Tangshan Falide Muslim Food,Allanasons Pvt
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.
Product penetration across personal care items, pharmaceuticals, health supplement, and in food industry have witnessed a noticeable growth. Moreover, increasing popularity across other community have resulted in upsurge in the halal product adaption. Meeting product standard requirement to boost trade across Muslim countries is favorable to the products certified by Department of Halal Certification considering necessary Islamic dietary obligations. Study shows that over 70% of overall Muslims follow these principles.
Contents of the 15 Chapters for This Halal Products Market Study:-
Chapter 1, to describe Halal Products Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Halal Products , with sales, revenue, and price of Halal Products , in 2017 and 2019;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2017 and 2019;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Halal Products, for each region, from 2013 to 2019;
Chapter 5, 6, 7, 8 and 9, to analyze the key regions, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2019;
Chapter 12, Halal Products market forecast, by regions, type and application, with sales and revenue, from 2019 to 2025;
Chapter 13, 14 and 15, to describe Halal Products sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
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Halal Products Market, by Type:
Primary Meats
Processed Food & Beverages
Pharmaceuticals
Cosmetics
Personal Care Products
Halal Products Market, by Applications:
Supermarkets and Hypermarkets
Convenience Stores
Specialist Retailers
Online Stores
Other
The world market for halal products has been regionally segmented into the geographies of Latin America, North America, Asia Pacific, Middle East and Africa, and Europe. Due to the presence of a large number of certified manufacturers and large base of Muslim population, the world market for halal products in Asia Pacific is projected to have a substantial positive impact on the overall development of the world halal products market in the near future. From a country-wise outlook, the US, Brazil, and India are some of the most important exporters of halal products. The market for halal products in Middle East and Africa and Asia Pacific regions cumulatively accounted for more than 80% of the said global market in the 2015.
Asia pacific led by India, Malaysia & Indonesia with high potential customers is expected to show significant growth over forecast timeframe. Asia Pacific along with Middle East accounts for more than 80% of overall market share and is expected to dominate the overall market with customer base over 400 million. Moreover, subsidies are offered in the country with higher Muslim population promoting the product manufacturing.
The report will make detailed analysis mainly on the development environment, Market size, development trends, operation situation and future development trends of Halal Products Market on the basis of current situation of the industry in 2019 so as to make full comprehension and judgment on the competitive situation of Halal Products Market Carrier and assist manufacturers and investment organization to better grasp the development course of Halal Products Market.
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Important attributes of the report:
The 360-degree Halal Products overview based on a global and regional level.
Market share, value, volume, and production capacity is analyzed on global, regional and country level.
A complete and useful guide for new market aspirants.
Forecast information will drive strategic, innovative and profitable business plans.
SWOT analysis of players will pave the way for growth opportunities, risk analysis, investment feasibility and recommendations.
Lastly, the research methodology and data sources are offered in this report.
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