(Entertainment-NewsWire.com, September 16, 2019 ) Market Overview: The Halal food and beverages Market was valued at USD XX trillion in 2018 and is forecasted to reach USD XX trillion by 2026, with a CAGR of xx% during the forecast period (2019-2026). The Halal food & beverage market is becoming one of the fastest growing market segments. Halal food refers to items that are permissible for consumption by Shariah law.
Market Dynamics: The fast-growing Muslim population worldwide is the primary driver for the Halal food and beverages market.The growth of the Muslim community will boost the demand for Halal foods rapidly.
The key challenges which the Halal food market faces are lack of standardization, lack of OIC halal brands, the absence of any viable international schemes to accredit Halal certification bodies (HCBs) and lack of SME Shariah-compliant funding.
Market Segmentation: By Type Meat and Meat based Products Vegetable & Fruit products Confectionary & Dairy Products Sauces & Seasonings Others (Beverages, Nuts, Grains)
Geographical Analysis: Based on Geography, the market is segmented into: North America Europe South America Asia Pacific The Middle East and Africa
Competitive Analysis: Key Players: Nestle Cargill American Foods Group Saffron Road Al Safa Al Islami Others
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