GCC Halal Food Market Research Report: Size, Share, Opportunity, Analysis and Forecast 2021-2026
According to the latest report by IMARC Group, titled “GCC Halal Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the market to grow at a CAGR of around 9% during 2021-2026.
Halal
food represents a category of food items and beverages prepared according to
the Islamic dietary law. As per the guidelines, the consumption of animals that
are dead before slaughtering or not slaughtered in the name of Allah, pork
by-products, alcohol, etc. is prohibited or considered haram. Also, these food
products are packaged and stored in utensils that are cleaned following the
Islamic rules. Some of the commonly consumed halal food products include
poultry, meat, seafood, oil and fats, fruits and vegetables, dairy products,
confectionery, etc.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
GCC Halal Food Market Trends:
The
wide presence of the Muslim population who abide by the Islamic Shariah norms
in the GCC region is primarily driving the market for halal food items.
Moreover, the growing number of stringent regulatory frameworks for mandating
halal certification is further strengthening the market growth. Besides this,
the rising awareness towards food safety, hygiene, and reliability of these
products among the Muslim and non-Muslim population in the region is also
augmenting the demand for halal food items. Additionally, the expanding food
retail sector and the increasing availability of halal food and beverages
across multiple distribution channels are further bolstering the market growth.
Besides this, several international brands are diversifying their product
portfolios to cater to the religious beliefs of their regional consumers,
thereby is expected to propel the market growth across GCC countries during the
forecast period.
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GCC Halal Food Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report
with the detailed profiles of the key players operating in the market.
Al Islami Foods, Al Kabeer
Group ME, Al Rawdah Foods, Al-Falah Supermarket, BRF Global (Sadia Halal),
Nestle S.A., Podravka Gulf FZE, JM Foods LLC, American Halal Company Inc.
(Saffron Road) and Seara Foods Middle East.
The report has segmented the market on the basis on region, disc type,
material type and end user.
Breakup by Product Type:
- Meat,
Poultry & Seafood
- Fruits
& Vegetables
- Dairy
Products
- Cereals
& Grains
- Oil,
Fats & Waxes
- Confectionery
- Others
Breakup by Distribution Channel:
- Traditional
Retailers
- Supermarkets
& Hypermarkets
- Online
- Others
Breakup by Country:
- Saudi
Arabia
- UAE
- Oman
- Kuwait
- Qatar
- Bahrain
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List of Figure: https://www.imarcgroup.com/gcc-halal-food-market
Key highlights of the report:
- Market
Performance (2015-2020)
- Market
Outlook (2021-2026)
- Porter’s
Five Forces Analysis
- Market
Drivers and Success Factors
- SWOT
Analysis
- Value
Chain
- Comprehensive
Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope
of the report, we can provide it to you as a part of the customization.
If you want latest primary and secondary data (2021-2026) with Cost
Module, Business Strategy, Distribution Channel, etc. Click request free sample
report, published report will be delivered to you in PDF format via email
within 24 to 48 hours of receiving full payment.
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