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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In the realm of global commerce, the halal food market has experienced a significant and noteworthy transformation, exemplifying a trajectory of growth that cannot be ignored. To put this into perspective, the market’s size expanded considerably, soaring from a valuation of $1,300.75 billion in 2022 to a substantial $1,501.5 billion in 2023. This impressive upswing is underpinned by a compound annual growth rate (CAGR) of 15.4%, emphasizing the remarkable potential inherent in the halal food industry.
Nevertheless, in the backdrop of these economic gains, the global economic recovery has faced unforeseen and daunting challenges, chiefly stemming from the Russia-Ukraine war. This conflict has cast a long shadow over the collective efforts to recuperate from the widespread disruptions wrought by the COVID-19 pandemic, particularly in the short term. The ongoing hostilities have not only precipitated economic sanctions affecting multiple nations but also instigated a seismic surge in commodity prices and extensive disruptions in global supply chains. These intricate dynamics, in turn, have fostered an atmosphere of inflation, permeating the pricing structures of goods and services across multiple sectors, exerting a far-reaching impact on global markets.
Despite the complex geopolitical landscape and the uncertainties it engenders, the halal food market maintains its upward trajectory. Projections and analyses unveil a promising outlook, with the market size anticipated to reach a substantial $2,583.18 billion by the year 2027. This impressive expansion is anticipated to be driven by a steady and substantial CAGR of 14.5%, reaffirming the industry’s robustness, its ability to adapt to prevailing economic adversities, and its dedication to meeting the evolving preferences and dietary needs of consumers.
In summary, the global halal food market continues to evolve, demonstrating resilience in the face of geopolitical and economic turbulence, positioning itself for future growth. Stakeholders within this sphere must remain keenly attuned to emergent trends and seize opportunities to navigate the intricate global economic landscape effectively.
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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