With continuous rise in the global population demand for convenience food is also increasing at a rapid pace. Rising living standards, improved lifestyle and increasing disposable incomes across the globe are the key factors which are accelerating the global halal food market in the near future. The global halal food market is expected to witness considerable growth in the near future attributable to growing demand for food supplements as a result of increasing number of population with malnutrition.
There has been tremendous demand for halal food products in the recent past years due to diverse tastes and interests of Muslim population residing across the globe. However, with this comes the religious beliefs of Muslims and requirement to certify these products as per Islamic laws. Halal is an Arabic term meaning “lawful “ and halal food products must adhere the standards and any food or beverages products meeting Muslim standards are considered as halal. Halal certified food products include, halal foie gras, spring rolls, chicken nuggets, ravioli, lasagna, pizza, and baby food. A common example of non halal food product is pork.
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Halal Food Market Segmentation:
The global halal food market is segmented by product type, by sales channels and by region. By product type the global halal food market is segmented into, cereal based food products, fruits and vegetables, milk and dairy products and meat, poultry and seafood products. The cereal based food products covers, rice, pastas and all other grains which are halal certified. The fruits and vegetable segment can be further sub-segmented into, canned fruits and vegetables, frozen fruits and vegetable products, raw fruits and vegetables products and others. Halal food products are prepared as per Islamic laws and are free of any pork products, alcohol and other ingredients which is creating immense demand for such products across the globe. Furthermore, the milk and dairy products segment is sub-segmented into, cheese, yogurt, ice-cream and desserts, and other segments. All these products are made with bacterial cultures but without animal rennet. By sales channel the global halal food products market is segmented into, supermarkets and hypermarkets, convenience stores, specialty stores, e-Commerce and other retail formats.
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Halal Food Market Regional Outlook:
On the basis of region the global Halal Food market is segmented into, North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan and Middle East and Africa. North America and Western Europe are expected to account for significant revenue shares in the global halal food market over the forecast period mainly attributed to changing lifestyle, increasing demand for value added food products and increasing purchasing power of consumers who live in North America region such as the US, and in Europe region. The global halal food market across these regions is also expected to rise due to increasing per capita expenditure on food products and increasing number of Muslim population. The demand for halal food products is high across the Islamic countries such as, Saudi Arabia, the United Arab Emirates, Kuwait, Bahrain, Oman, and Qatar due to religious norms which is expected to result in significant revenue generation across the Middle East and African region.