The Business Research Company’s Halal Food Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Halal Food Global Market Report 2023 evaluates halal food market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global halal food market, which plays a pivotal role in the global food industry, exhibited a remarkable growth trajectory in recent years. It saw substantial expansion, with the market size ascending from $1,300.75 billion in 2022 to an impressive $1,501.5 billion in 2023, underpinned by a noteworthy compound annual growth rate (CAGR) of 15.4%. This surge in the halal food market reflects the burgeoning demand for halal products, mirroring changing consumer preferences and a global awareness of dietary choices.
Nevertheless, this substantial growth transpired against the backdrop of the Russia-Ukraine war, an unprecedented geopolitical upheaval that reverberated across the global economic landscape. This conflict disrupted the chances of a swift and robust global economic recovery from the repercussions of the COVID-19 pandemic, particularly in the short term. The war precipitated a cascade of economic consequences, including the imposition of sanctions on multiple nations, a dramatic surge in commodity prices, and profound supply chain disruptions. These multifaceted impacts have reverberated throughout the global economic ecosystem, driving inflationary pressures that have impacted the prices of goods and services, thereby affecting myriad markets worldwide.
Despite these challenges, the halal food market remains resilient and forward-looking. Projections indicate that it is poised for substantial growth, with the market size forecasted to ascend to a significant $2,583.18 billion by 2027, driven by a robust CAGR of 14.5%. This promising outlook underscores the industry’s ability to adapt and innovate in the face of adversity, capitalizing on the evolving preferences of consumers.
In conclusion, the global halal food market’s ascent mirrors an evolving landscape characterized by a shifting geopolitical arena and changing economic paradigms. The sector’s capacity to thrive and expand during such challenging times serves as a testament to its enduring significance and its commitment to fulfilling the diverse and dynamic dietary needs of consumers on a global scale. Stakeholders in the halal food market must remain attuned to these evolving dynamics and seize the opportunities that lie ahead.
The halal food market segments in the report are:
1) By Product: Meat, Poultry, And Seafood, Fruits And Vegetables, Dairy Products, Cereals And Grains, Oil, Fats And Waxes, Confectionary
2) By Distribution Channel: Hypermarkets, Supermarkets, Online Stores, Specialty Stores
3) By Application: Restaurant, Hotel, Home, Other Applications
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The table of contents in TBRC’s halal food market report includes:
1. Executive Summary
2. Hand Protection Equipment Market Characteristics
3. Hand Protection Equipment Market Trends And Strategies
4. Hand Protection Equipment – Macro Economic Scenario
5. Hand Protection Equipment Market Size And Growth
…
27. Hand Protection Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hand Protection Equipment Market
29. Hand Protection Equipment Market Future Outlook and Potential Analysis
30. Appendix
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