TechNavio recognizes the following companies as the key players in the Global Halal Food Market: Carrefour S.A., McDonalds Corp., Nestlé S.A., and Yum! Brands Inc.
Commenting on the report, an analyst from TechNavio’s team said: “The rapid growth in non-Muslim countries offers huge potential for the Global Halal Food market. Though Halal foods have huge demand in regions populated by Muslims, a significant contribution is being witnessed from non-Muslim economies. Currently, Halal foods are not limited to the Muslim population and they are also being consumed by the general population. In fact, they are widely accepted by other communities as they are considered safe, of high quality, and to have been prepared using hygienic procedures. Moreover, the integrity of the food is maintained during the production process. Hence, there is huge potential for Halal foods due their increased acceptance and demand in the developed non-Muslim countries.”
According to the report, one of the major drivers in the market is the increase in the Muslim population. With the increase in the Muslim population, the consumption level of Halal foods also increases as Muslims are the potential and primary consumers. The majority of the demand for Halal foods comes from the APAC region as this region is densely populated with Muslims.
Further, the report states that the major challenge faced by the market is the certification of products by authentic bodies. Certification issues are generally noticed in products exported by local markets. Because of this certification issue, consumers may lose confidence in the product’s Halal status and stop buying it.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-halal-food-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Halal Food Market 2012-2016
