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The global halal food market was valued at US$ 1.9 Trillion in 2020.
We expect the global halal food market to exhibit a CAGR of 11.3% during 2021-2026.
Halal food items have become popular amongst both Muslim and non-Muslim consumers as they assure food safety, hygiene, and reliability, which represents one of the key factors catalyzing the global halal food market.
Sudden outbreak of the COVID-19 pandemic has led to a shift in sales of halal-certified food products from brick-and-mortar distribution channels towards online platforms.
Based on the product, the global halal food market has been bifurcated into meat, poultry & seafood, fruits & vegetables, dairy products, cereals & grains, oil, fats & waxes, confectionery, and others. Currently, meat, poultry & seafood account for the majority of the total market share.
Based on the distribution channel, the global halal food market can be divided into traditional retailers, supermarkets & hypermarkets, online, and others. Among these, supermarkets & hypermarkets represent the largest segment.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.
Some of the major players in the global halal food market include QL Foods Sdn Bhd, Al Islami Foods Co., DagangHalal Group, Saffron Road, Kawan Foods Berhad, Janan Meat Ltd, Prima Agri-Products Sdn Bhd, Cargill, Inc., BRF S.A., Nestle S.A., Tahira Foods Ltd., and Al-Falah Halal Foods Ltd.
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