Global Halal Food & Beverage Market is expected to show compelling growth in terms of revenue with a CAGR of 5.85% during the forecasting period 2019-2027.

The rapid growth in the Muslim population and awareness regarding halal food among the non-Muslim population are the major market drivers for the halal food & beverage market. However, the implementation of halal standards such as unhygienic practices, production & processing facilities, and expirations of halal certification obstruct the market growth.

Key opportunities like the investment in the halal food value chain and the development of tracking technology can be geared up by the market to reach the projected growth. The absence of viable international schemes to accredit halal certification bodies (HCB) is a major challenge faced by the market.

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REGIONAL OUTLOOK

The global halal food & beverage market report covers the regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

The Asia-Pacific is the largest market available for the growth of halal food & beverage products in terms of revenue. The region has the largest Muslim population in the world, which is resulting in the increasing consumption of halal food in the region. The growing literacy rate among the young Muslim generation and increasing awareness about the other beneficiary qualities of halal food among consumers are also important factors for the growth of the halal food & beverage market.

COMPETITIVE OUTLOOK

Some of the prominent companies profiled in the global halal food & beverage market report include Al Islami Foods, Crescent Foods, QL Foods Sdn Bhd, Nestlé, Allanasons Private Limited, Cargill, Inc., Nema Food Company, NAMET, Kawan Food Bhd, and Haoyue Group.

Nestlé is a food & beverage company that offers a wide range of products, including baby food, medical food, bottled water, snacks, dairy products, frozen food, medical food, breakfast cereals, confectionery, tea, and coffee. The company sells its products under several brands such as Nescafé, Kit Kat, Nespresso, and Maggi. The company has the world’s largest food & nutrition research organization, involving about 5000 people in corporate venture funds as well as R&D, and research partnerships with business partners & universities.

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