Home|Business|Trends indicate Halal market is booming worldwide

Trends indicate Halal market is booming worldwide

This study researches the market size of Halal, presents the global Halal sales and revenue by companies, regions, type, and application, history breakdown data from 2013 to 2018, and forecast to 2025.

This report focuses on the key data information of Halal in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa, presents sales, revenue, market share, the growth rate of Halal for each region and countries in each region.

For top companies, this report investigates and analyzes the sales, revenue, market share and growth rate for the top players, key data from 2013 to 2018.

This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter’s Five Forces Analysis.

The Arabic word for “permitted.” Halal is commonly seen as “Halal” which means food that is permitted under Islamic guidelines as found in the Qu’ran Most food and drinks are considered Halal unless they are clearly stated as forbidden in the Qur’an (holy book of Islam) and hadith (prophetic traditions).

The halal industry is based on a belief that Muslims should eat food and use goods such as cosmetics that are “halalan toyibban”, which means permissible and wholesome. In fact, the halal market is non-exclusive to Muslims and has gained increasing acceptance among non-Muslim consumers who associate halal with ethical consumerism.

Actually, the halal industry has now expanded beyond the food sector to include pharmaceuticals, cosmetics, health products, toiletries, and medical devices as well as service sector components such as logistics, marketing, print and electronic media, packaging, branding, and financing. In addition, the halal food marketplace is emerging as one of the most profitable and influential market areas in the world food business today.

Downstream growth in demand prompted the rapid growth of halal food in Europe, which is because of both growth of the population of Muslim and the growth of Muslim income in these countries.

European halal food industry is quite fragmented with a large number of companies can produce halal food but the companies passed the halal certification are limited. Although halal certification is considered a key enabler for the successful development of the global halal industry, the industry is still plagued by the issue of differing certification standards. The lack of a single, unified global halal standard is a pressing issue within the halal industry.

Get PDF sample copy of this report @ https://www.qyresearch.com/sample-form/form/717551/global-halal-industry-research-report-growth-trends-and-competitive-analysis

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