The halal food market size value is poised to grow by $ 8.17 bn during 2020-2024. The market is expected to progressing at a CAGR of over 5%. In addition, the report offers a detailed analysis of the current market scenario, which is majorly focused on the COVID-19 impact. Furthermore, our research expects have extensively covered the latest trends, challenges, and drivers and vendor strategies to overcome growth obstacles.
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Halal Food Market Trends & Drivers
The halal food market research report has a detailed analysis on the key drivers, trends, and challenges, which will help vendors in making important business decisions and modifications to cater to the changing consumer demand. While it is essential to capitalize on key drivers such as increasing sales through retail channels, it is also crucial to understand the challenges that will impede sales during the forecast period. Identifying and addressing market growth challenges will create additional opportunities for the existing and new market players.
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The halal food market has also explored key trends such as rising muslim population in the country, which will have a significant positive impact on the market growth over the forecast period. A thorough study of the market trends will enable vendors to understand demographics effectively, which can be used to further product and service innovation.
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Halal Food Market: Segmentation Analysis
This market research report segments the halal food market by Product (Halal meat, poultry, and seafood, Halal cereals and grains, Halal fruits, vegetables, and nuts, Halal beverages, and Other halal foods), Distribution Channel (Supermarkets and hypermarkets, Traditional retailers, and Others), and End-user (Retail and Foodservice).
The US region led the halal food market in 2020, followed by North America respectively. During the forecast period, the US region is expected to register the highest incremental growth due to factors such as .
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A few of the key topics covered in the report include:
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
Vendors covered
Vendor classification
Market positioning of vendors
Competitive scenario