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Halal Food Market to Grow by USD 624.52 Billion and Record a CAGR of Over 7%| Technavio


NEW YORK, April 21, 2021 /PRNewswire/ --

Technavio has been monitoring the halal food market and it is poised to grow by USD 624.52 billion during 2020-2024, progressing at a CAGR of over 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries; however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a high impact on the halal food market.

Frequently Asked Questions:

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Al Islami Foods, BRF SA, Cargill Inc., Flying Trade Ltd., Kawan Food Berhad, Midamar Corp., Nestle SA, Tahira Foods Ltd., The American Halal Co. Inc., and Unilever Group are some of the major market participants. Although the increasing consumer expenditure on halal food will offer immense growth opportunities, the increasing threat from fake halal food is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this halal food market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Halal Food Market 2020-2024: Segmentation

Halal Food Market is segmented as below:

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43716

Halal Food Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The halal food market report covers the following areas:

This study identifies the introduction of blockchain as one of the prime reasons driving the Halal Food Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.

Halal Food Market 2020-2024: Key Highlights

Related Reports on Consumer Staples Include:

Global Meat Market- The meat market is segmented by product (pork, poultry, beef, and others), type (processed and fresh), and geography (Europe, APAC, North America, South America, and MEA). Download FREE Sample Report

Frozen Food Market in Europe- The frozen food market in Europe is segmented by the product (frozen ready meals, frozen fish and seafood, frozen meat and poultry, frozen fruits and vegetables, and others) and geography (Western Europe and Eastern Europe). Download FREE Sample Report

Table of Contents:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Product

Market Segmentation by Distribution channel

Customer landscape

Geographic Landscape

Vendor Landscape

Vendor Analysis

Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
Report Page: https://www.technavio.com/report/halal-food-market-size-industry-analysis

SOURCE Technavio


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