iCrowdNewswire Jan 13, 2021 11:21 AM ET
The North American region is leading the halal foods & beverages market and is expected to have a substantial growth over the forecast period, 2017-2024. In North America, the U.S. is the major consumer of meat products, which has opened the opportunity for the use of halal foods & beverages in this region. Furthermore, the rise in the consumption of meat products and convenience food, pooled with the increasing demand for nutritive food ingredients are considered to be the key driving factors in this region.
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Major Key Players
Some of the key players profiled in the global Halal Foods and Beverages Market are Nema Food Company (U.S.), American Halal Company, Inc. (U.S.), Cleone Foods Ltd. (U.K), Nestle S.A. (Switzerland), Al Islami Foods (the UAE), BRF S.A. (Brazil), QL Foods Sdn. Bhd. (Malaysia), Beijing Shunxin Agriculture Co., Ltd. (China), Namet G?da San. ve Tic. Inc. (Turkey), and Midamar Corporation (U.S.)
Global Halal Foods and Beverages Market is segmented on the basis of type, category, packaging, distribution channel, and region.
The global halal foods & beverages market is segmented into type, category, packaging, and distribution channel. On the basis of the type, it is segmented into bakery & confectionery, beverages, sweet & savory snacks, dairy & frozen desserts, meat & meat products, oils & fats, and others. The bakery & confectionery segment is dominating owing to increase in the demand for halal ingredients for the preparation of bakery & confectionery products. Moreover, shifting consumer preferences for convenience food has resulted in the growth of dairy & frozen desserts segment. On the basis of the category, it is segmented into fresh, frozen and others. Among all, the fresh segment is dominating the market based on increased consumption of fresh poultry and meat products globally. However, the frozen segment is projected to witness a steady growth over the forecast period owing to shifting consumer inclination towards frozen foods.
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