Daten aus dem Cache geladen. Global Halal Food Market Is Estimated To Witness High Growth |...

Global Halal Food Market Is Estimated To Witness High Growth

0
2كيلو بايت

SWOT Analysis:

Strength: The halal food market is experiencing strong growth, with a projected CAGR of 12.80% from 2023 to 2030. This growth is driven by the increasing demand for halal-certified products among Muslim consumers, as well as the growing awareness of halal food standards among non-Muslims. The market offers a wide range of product options, including packaged food, beverages, and ingredients, catering to diverse consumer preferences.

Weakness: One of the weaknesses in the halal food market is the lack of harmonized global halal standards, leading to variations in certification requirements across different countries. This can create challenges for companies seeking to enter multiple markets. Additionally, halal certification can be a lengthy and costly process, limiting the participation of small and medium-sized enterprises in the market.

Opportunity: The halal food market presents opportunities for expansion and diversification, particularly in regions with a large Muslim population, such as the Middle East, Southeast Asia, and North Africa. The increasing disposable income of Muslim consumers, along with their preference for halal and healthier food options, provides a fertile ground for new product development and market penetration. Furthermore, the rising trend of e-commerce and online grocery shopping offers a convenient platform for halal food companies to reach a wider customer base.

Threats: One of the threats in the halal food market is the presence of counterfeit halal products, which can erode consumer trust and confidence. Ensuring the integrity of halal certification and implementing stringent quality control measures is crucial to mitigate this threat. Another threat is the competition from non-halal food brands that are expanding their product offerings to cater to Muslim consumers, posing a challenge to the growth of dedicated halal food companies.

Key Takeaways:

The global Halal Food Market Growth is expected to witness high growth, exhibiting a CAGR of 12.80% over the forecast period (2023-2030). This growth is driven by the increasing demand for halal-certified products among Muslim consumers and the growing awareness of halal food standards among non-Muslims. The market presents opportunities for expansion and diversification, particularly in regions with a large Muslim population. However, the market faces challenges such as the lack of harmonized global halal standards and the presence of counterfeit halal products. Key players operating in the halal food market include Cargill Inc., Al Islami Foods, QL Resources Sdn Bhd, Haoyue Group, Kawan Food Berhad, BRF S.A., and Saffron Road Food.

Read More,

https://cmiinfopiece.blogspot.com/2023/10/halal-food-market-is-estimated-to.html

 

البحث
الأقسام
إقرأ المزيد
أخرى
UK Outdoor Performance Apparel Market Size, Trends, Opportunities, New Product Developments, Competitive Landscape and Forecast by 2032
In 2022, the UK Outdoor Performance Apparel Market Size reached a valuation of USD 18.1 Billion....
بواسطة Ajay Rajmane 2024-06-07 10:17:28 0 684
أخرى
Relaxation Revolution: Global Growth Trends in the Massage Equipment Market
"Executive Summary Massage Equipment Market :   The global Massage Equipment...
بواسطة Suresh Shinde 2025-06-20 04:40:56 0 2
الألعاب
Guía Completa sobre Monedas FIFA 26: Cómo Obtener Monedas EA FC 26 y Aumentar tus Monedas FC26 Rápidamente
Guía Completa sobre Monedas FIFA 26: Cómo Obtener Monedas EA FC 26 y Aumentar tus...
بواسطة Minorescu Jone 2025-08-21 11:54:41 0 2
أخرى
IT Solutions Company
Key Brains Tech: You’re Partner in Innovative IT Solutions and Services In today’s...
بواسطة Technology Welldone 2024-11-14 12:10:14 0 104
أخرى
Fire and Ice Raz Flavor Bold Cool & Fiery Vape
When it comes to vaping, there are countless options available, but few flavors truly stand out....
بواسطة Fire And Ice Raz Flavor 2025-08-14 06:33:22 0 2