Halal Food Market will register a CAGR of 5% during 2020-2024. The market’s growth momentum will Accelerate.
Increasing sales through retail channels will be one of the major factors driving the growth of this market. Additionally, key Halal Food Market trends such as the the rising Muslim population in the country will also influence market growth during the forecast period.
Halal Food Market Size
During the forecast period, the Halal Food Market size will grow by $ 8.17 bn.
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Halal Food Market : Vendors
The market is fragmented and owing to the growth opportunities, the level of competition among the companies in this market space will intensify further. are some of the major companies in the Halal Food Market. Though the forecast period offers opportunities for vendors to increase their market share, factors such as the the threat from kosher foods will also challenge the growth of the companies.
Al Safa Foods Ltd. | American Foods Group LLC | The American Halal Co. Inc. | Barry Callebaut AG | Cargill Inc. | Coleman Natural Foods LLC | Crescent Foods | Kronos Foods Corp. | Midamar Corp. | Nema Food Distribution Inc..list
are some of the companies covered in Technavio’s Halal Food Market report for 2020-2024.
Halal Food Market : Region-level Analysis
The report identifies region-level market dynamics, developments, and key markets. The regional level analysis also identifies the market share, growth momentum, and key leading countries in the Halal Food Market.
The US will account for the largest Halal Food Market share and during 2020-2024, the region will contribute to 60% of the market’s growth.
Market Analysis Insights 