Halal Meat Market Scope
Halal is an Arabic for permissible and halal food is that which adheres to Islamic law, as defined in the Quran. The Islamic form of slaughtering animals or poultry contains killing through a cut to the jugular vein, carotid artery and windpipe. According to Islamic traditions, before being slaughtered, God's name should be pronounced over the meat as a show of appreciation and then an animal is killed in one swift cut to its throat to confirm its blood is drained from its body. This is because traditions state that blood can be dangerous to the human body and should therefore be avoided.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Carrefour Group (France), Isla Delice (France), Tahira Foods Ltd. (United Kingdom), Tesco plc (United Kingdom), Tariq Halal (United Kingdom), Reghalal (France), Reinert Group (Germany), Cleone Foods (United Kingdom), Eggelbusch (Germany) and Euro Foods Group (United Kingdom) |
CAGR | 20.6% |
Leading key players of halal meat market are focusing on strategic partnerships to improve their products and services. Moreover, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Halal Meat market throughout the predicted period.
Carrefour Group (France), Isla Delice (France), Tahira Foods Ltd. (United Kingdom), Tesco plc (United Kingdom), Tariq Halal (United Kingdom), Reghalal (France), Reinert Group (Germany), Cleone Foods (United Kingdom), Eggelbusch (Germany) and Euro Foods Group (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Shaheen Foods (Canada) and Crown Chicken (Cranswick) (United Kingdom).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Halal Meat market by Type , by Application (Fresh Food and Processed Food) and Region with country level break-up.
On the basis of geography, the market of Halal Meat has been segmented into 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In November 2023,Deli Halal, a Kansas-based producer of halal-certified meat and cheese products, has announced that it has launched its new line of halal-certified sliced deli meats to mainstream supermarket chains such as Giant Food Stores and Stop & Shop Supermarkets throughout New England and much of the East Coast this month.
In August 2023,Al Islami, the esteemed purveyor of Real Halal meat, is thrilled to announce the grand re-launch of its premium products in the esteemed markets of Qatar. With an unwavering commitment to the highest Halal standards, Al Islami reintroduces its signature Chicken Griller and Chicken Parts, offering a diverse selection of cuts such as drumsticks, breast, thigh, and more.
Influencing Trend:
Government Initiatives towards Food Quality Certification Scheme and Increasing Improvement in Supply Chain in Retail Sector
Market Growth Drivers:
Increasing Muslim Population and Their Substantially Increasing Expenditure on Food and Increasing Awareness of Muslim Consumers on Their Religious Obligations
Challenges:
Lack of Food Control Infrastructure in Emerging Countries., Balancing modernization with Halal requirements and Ensuring authenticity and integrity of Halal certification
Restraints:
Confusing Environment for Establishing International Halal Standards., Stringent Halal certification processes leading to higher production costs and Limited infrastructure in certain regions for Halal meat processing and distribution
Opportunities:
Increasing Acceptance among Non-Muslim Consumers., Untapped markets in non-traditional regions/countries and Collaborations between Halal-certifying bodies and local authorities
Key Target Audience
Halal Meat Providers, Suppliers of Halal Meat, Wholesalers, Distributors and Retailers of Halal Meat, Food Industry, Governmental Bodies and Research Firms