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Worst May be Over for Halal Products Market; How Industry Players Will Regain 6.6% Growth Cycle Again
Halal Products Market Latest Edition Published with Forecast to 2030- Feb 27, 2024
- Consumer Goods
AMA Research, a global market research and consulting organization, have released a new study titled "Halal Products market - Global outlook to 2030".
Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Halal Products market to grow at a CAGR of 6.6%.
The Product Base, such as Native Starch, is boosting the Halal Products market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Halal Products market will experience significant growth during the forecast period due to potential opportunities lying in the market such as. Some of the important driving forces are “Rising Global Population of the Muslim Community and Their Rising Disposable Incomes, Rise and Demand for Halal Certified Products and Increasing Improvement in Supply Chain in Retail Sector”.
Halal is an Arabic world, is referred to relating or denoting to the meat prepared, is set by Muslim law. The continuously rising population of the Muslim community in the Middle East region and the Asian region have been creating more opportunity for the market. For instance, in Dubai, the consumption of the halal product is very high due to a high population of Muslims and high deposal income. Additionally, Acceptance of multilateral trade agreement coupled with rising in consumption of halal products among another community has been supplementing overall growth of the market. However, the lack of food control infrastructure in emerging countries and the absence of a globally uniform halal standard are the factors that are limiting the market.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Halal Products market by Type (Primary Meats, Processed Food & Beverages, Pharmaceuticals, Cosmetics and Personal Care Products), by Application (Supermarkets and Hypermarkets, Convenience Stores, Specialist Retailers, Online Stores and Other) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key trends (current and future) of the market
Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Halal Products market to grow at a CAGR of 6.6%.
The Product Base, such as Native Starch, is boosting the Halal Products market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Halal Products market will experience significant growth during the forecast period due to potential opportunities lying in the market such as
Halal is an Arabic world, is referred to relating or denoting to the meat prepared, is set by Muslim law. The continuously rising population of the Muslim community in the Middle East region and the Asian region have been creating more opportunity for the market. For instance, in Dubai, the consumption of the halal product is very high due to a high population of Muslims and high deposal income. Additionally, Acceptance of multilateral trade agreement coupled with rising in consumption of halal products among another community has been supplementing overall growth of the market. However, the lack of food control infrastructure in emerging countries and the absence of a globally uniform halal standard are the factors that are limiting the market.
The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Halal Products market by Type (Primary Meats, Processed Food & Beverages, Pharmaceuticals, Cosmetics and Personal Care Products), by Application (Supermarkets and Hypermarkets, Convenience Stores, Specialist Retailers, Online Stores and Other) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key trends (current and future) of the market
Craig Francis
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