2023: Garudafood announced to launch of a range of new halal-certified food products to expand its product portfolio.
According to MarkNtel Advisors study, The Global Halal Food Market size was valued at USD 2,545.9 billion in 2023 and is projected to reach USD 5,243 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 9.6% during the forecast period, i.e., 2025-30.
The rising need for traceability, ingredient sourcing, and transparency of food products among consumers is increasing the integration of blockchain technology among halal food manufacturers & processors in the current period. Blockchain technology enables consumers to know about the food they are consuming, its origin, its entire processing as well as supply chain. The technology is highly adopted by halal food mart providers, owing to rising awareness amongst consumers regarding their halal food products.
Blockchain technology enables real-time tracking & verification status of halal food products, thereby winning consumer trust over products. Moreover, it prevents any type of adulteration, mislabeling, and fraud related to the quality of halal food products, further increasing consumer trust in food products. As, a result, companies are adopting blockchain technologies for halal products to ensure the reliability and trust of consumers in their food products.
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Key Findings in Halal Food Market:
| Historical Years | 2020-2023 |
| Base Years | 2024 |
| Forecast Years | 2025-2030 |
| Key Report Highlights | · Market Dimensions & Projections· Pricing Evaluation,· Recent Strategic Moves by Companies,· Primary Stakeholders,· Analysis of Import and Export Trends,· Competitive Landscape Assessment,· Emerging Opportunities,· Market Trends and Indicators |
| Reports Delivery Format | Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address. |
Halal Food Market Key Players:
Cargill Inc, BRF Global, Mondelez International, Del Monte Llc, Unilever Plc, Nestlé (Malaysia) Berhad, Tyson Foods Inc, Al Islami Foods, Saffron Road, QL Resources Berhad, Garuda Foods, Haoyue Group, Kawan Food Manufacturing Sdn Bhd, American Foods Group LLC, Tahira Foods Ltd, etc., among others
Market Segmentation Overview:
By Product Type
-Meat Products
–Poultry
—Chicken
—Turkey
—Others (Goose, Duck, etc.)
–Beef
–Mutton
–Seafood
-Dairy Products
–Milk
–Others (Cheese, Butter, etc.)
-Fruits & Vegetables
-Cereals & Grains
-Plant-based & Vegan Products
-Others (Confectionary, Oils, Fats, etc.)
By Distribution Channel
-Offline
–Supermarkets & Hypermarkets
–Convenience Stores
–Specialty Stores
-Online
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By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
The Halal Food Industry Recent Development:
2023: Saffron Foods, announced its plans to launch plant-based halal-certified food products in the US and Canada markets.
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
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