Report Id: SNS/F&B/1536 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
The Halal Food and Beverage Market Size was valued at USD 799 billion in 2022 and is expected to reach USD 1.11 trillion by 2030, and grow at a CAGR of 4.2% over the forecast period 2023-2030.
Halal food is a food that complies with Islamic regulations, as characterized in the Quran. Halal rules normally disallow food sources, for example, pork or other meat not butchered by Islamic guidelines and blood-based items like liquor, while allowing just fit meats (like hamburgers) and chicken with halal confirmation. The word Halal means passable and it applies to any object that is permitted by Islam, similar to meat or anything overall.
Halal food is ready with a certain goal in mind and in view of Islamic regulations. To convey the halal confirmation, a creature should be butchered by a Muslim who summons Allah for gift (Bismillah) prior to butchering them with a sharp blade while slitting their jugular, windpipe, and jugular veins at the same time. Halals is otherwise called 'halāl' or ṭayyib, meaning unadulterated or healthy which alludes to any object that has been made clean as indicated by Islam's rules when it comes into contact with pork items like bacon or ham. An individual can devour such food on the off chance that they see if there was any defilement of these fixings from non-pork sources during handling.
Halal beverages are any refreshment that contains no illegal fixings. Instances of allowed drinks incorporate water, espresso, and tea without caffeine or milk items as well as natural product juice with no added sugar. Cocktails from the Islamic confidence likewise fall under this classification notwithstanding cola and caffeinated drink blends. Halal beverages are not allowed to contain any fixings precluded by the Islamic confidence, including meat concentrates, for example, hamburgers remove for drinks containing nutrients; yeast or different substances got from either creatures or bugs.
Impact of Covid-19:
The disturbance of the food inventory network inferable from the quick spread of COVID-19 impacted the food and refreshment market including the halal food industry. Driving makers overall encountered a decrease in labor and disturbance in the import and commodity of halal food which fundamentally impacted the utilization and deal capacity. Likewise, the log jam popular for meat items because of wellbeing and cleanliness worries during the pandemic adversely affected the business.
The meat and options portion held the biggest piece of the pie and is supposed to keep up with predominance during the figure time frame. Developing shopper inclination for microscopic organisms free meat inferable from wellbeing, cleanliness, and security concerns, the interest for these items will observe an ascent in the predictable period. In any case, grain items are projected to enroll the quickest development during the conjecture time frame. Oats or grain items are picking up speed among purchasers because of their dietary advantages. These items incorporate wheat, rice, pasta, bread, and breakfast oats.
Hypermarkets and store were a bigger conveyance channel with a portion of the overall industry. A rising number of these stores across different districts have encountered a flood in the conveyance of halal food on the lookout. The web-based circulation channel is expected to enlist quicker development during conjecture years. The quick computerized change welcomed on by Muslim and non-Muslim customers searching for solid, tasty, and advantageous dinners that can be conveyed at home, will support the section development.
Key Market Segmentation:
Meat & Alternatives
Milk & Milk Products
Fruits & Vegetables
By Distribution Channel:
Hypermarket & Supermarket
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
Asia Pacific held the most extreme halal food and drinks portion of the overall industry. The biggest Islamic populace is engaged in the Asia Pacific district as the four greatest countries as far as the Muslim populace are arranged on this mainland, containing India, Indonesia, Pakistan, and Bangladesh. The Middle East and Africa have enormous idle for the market development as the clients in this district are basically Muslim with expanding per capita incomes. Europe is noticing huge development on the lookout. Flooding adaptable earnings combined with a rising Muslim populace is assessed to lift the interest for halal items.
Nestlé S.A, Cargill, Incorporated, Unilever, American Halal Company, Inc., Al-Falah Halal Foods, Prima Agri-Products, One World Foods Inc., Midamar Corporation, QL Foods, Rosen's Diversified Inc.
|Market Size in 2022||US$ 799 Billion|
|Market Size by 2030||US$ 1.11 Trillion|
|CAGR||CAGR 4.2% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||•by Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail Stores and Others)|
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Nestlé S.A, Cargill, Incorporated, Unilever, American Halal Company, Inc., Al-Falah Halal Foods, Prima Agri-Products, One World Foods Inc., Midamar Corporation, QL Foods, Rosen's Diversified Inc.|
|Key Drivers||•The tendency towards nutritious and safe quality food.|
|Market Restraints||•The stoppage popular for meat items because of wellbeing and cleanliness concerns.|
Frequently Asked Questions (FAQ) :
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
126.96.36.199 United Kingdom
188.8.131.52 South Korea
184.108.40.206 Rest of the World
5. Value chain analysis
6. Porter’s 5 forces model
7. PEST analysis
8. Global Halal Food And Beverage market segmentation, by Product:
8.1 Meat & Alternatives
8.2 Milk & Milk Products
8.3 Fruits & Vegetables
8.4 Grain Products
9. Global Halal Food And Beverage market segmentation, by Distribution channel:
9.1 Hypermarket & Supermarket
9.2 Departmental Store
10. Global Halal Food And Beverage market, by region/ country
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.2.3 Rest of Latin America
11. Company profiles
11.1 Nestlé S.A
11.1.2 Products/ Services Offered
11.1.3 Swot Analysis
11.1.4 The SNS View
11.2 Cargill, Incorporated
11.4 American Halal Company, Inc.
11.5 Al-Falah Halal Foods
11.6 Prima Agri-Products
11.7 One World Foods Inc.
11.8 Midamar Corporation
11.9 QL Foods
11.10 Rosen's Diversified Inc.
12. Competitive Landscape
12.1 Competitive Bench Marking
12.2 Market Share Analysis
12.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.