Halal Food Market, Global Forecast, Impact of COVID-19, Industry Trends, by Product, Distribution Channel, Growth, Opportunity Company Analysis
Halal food refers to foods prepared according to the Islamic dietary law's rigorous guidelines. According to this commandment, alcohol, blood, pork are not halal for consumption. The animals that are dead before slaughtering and animals that are not slain in the name of Allah are all deemed haram or unfit for food consumption. Furthermore, halal food is packaged and stored in utensils that have been cleansed according to strict rules. According to Renub Research, Global Halal Food Market will reach to US$ 1,729.80 Million by 2027.
Global Halal Food Market segmented into Meat & Alternatives, Milk & Milk Products, Grain Products, Fruit & Vegetables, Others. Halal meat and alternatives have always been a growing industry. The Organization of Islamic Cooperation (OIC) has taken this Halal Food Market to an excellent position and took the lead in establishing a worldwide standard for these foods. Because of the establishment of these types of organisational, industry participants have been effective in gaining customer trust and increasing penetration to a large extent. According to Renub Research, Worldwide Halal Food Industry will grow with a CAGR of 10.83% during 2020-2027.
The global halal food market is anticipated to grow significantly over the forecast period, owing to the growing Muslim population and dramatically rising food demand and prices. The Asia Pacific is the main market for halal food, and the area is predicted to offer market vendors various prospects for expansion during the forecast period. The Asia Pacific market's rise can be due to the vast religious and cultural population demanding halal cuisine. According to Pew Research Center, the global Muslim population is anticipated to reach 2.76 billion by 2050, accounting for 29.7% of the worldwide population. Furthermore, Asia, which presently hosts the majority of the world's Muslims (61.7%), is projected to host the majority of the world's Muslim population in the future.
Halal cuisine has grown in popularity among Muslim and non-Muslim consumers in recent years as it has evolved from a religious identity mark to a guarantee of food safety, hygiene, and reliability. In October 2019, the Indonesian government enacted required halal labelling and certification laws, resulting in which consumers increasingly choose halal food. Manufacturers have broadened their product line in response to increased demand by developing many value-added food items. As per Renub Research Analysis Global Halal Food Market Size was valued US$ 842.39 Million in 2020.
The global halal food market is very competitive, with several companies competing to be in the market. The major player has a large regional footprint backed up by consumer brand loyalty, giving them an advantage over their competitors. Furthermore, customer brand recognition gives them a competitive advantage in the market. For example, Nestl? (Malaysia) Berhad has invested more than MYR 100 million in expanding its MILO factory in Chembong, Negeri Sembilan. As part of its objective to drive robust, profitable, and sustainable growth while also investing in Malaysia as a key manufacturing base for the Nestl? Group.
COVID 19 impact
COVID-19 has affected the global halal food market by directly impacting production and demand, causing supply chain and market disruption, and having a financial impact on businesses and financial markets. However, we believe the worst is behind us, and the halal food industry will grow in leaps and bounds in years to come.
Renub Research new report titled “Global Halal Food Market by Product (Meat & Alternatives, Milk & Milk products, Grain Products, Fruit & Vegetables and Others), Distribution Channel (Traditional retailers, Supermarkets & Hypermarkets, Online Channels, Others), Region (North America, Asia, Europe, Latin America, MEA ), Company (QL Foods SdnBhd, Al Islami Foods Co., DagangHalal Group, Saffron Road, Kawan Foods Berhad)' provides comprehensive details about Global Halal Food industry.
Product – Market breakup from 5 viewpoints
1. Meat & Alternatives
2. Milk & Milk products
3. Grain Products
4. Fruit & Vegetables
5. Others
Distribution Channel– Market breakup from 4 viewpoints
1. Traditional retailers
2. Supermarket & Hypermarket
3. Online
4. Others
Region - Market breakup from 5 viewpoints
1. North America
2. Asia
3. Europe
4. Latin America
5. MEA
All companies have been covered from 3 viewpoints
1. QL Foods SdnBhd
2. Al Islami Foods Co.
3. DagangHalal Group
4. Saffron Road
5. Kawan Foods Berhad
Global Halal Food Market segmented into Meat & Alternatives, Milk & Milk Products, Grain Products, Fruit & Vegetables, Others. Halal meat and alternatives have always been a growing industry. The Organization of Islamic Cooperation (OIC) has taken this Halal Food Market to an excellent position and took the lead in establishing a worldwide standard for these foods. Because of the establishment of these types of organisational, industry participants have been effective in gaining customer trust and increasing penetration to a large extent. According to Renub Research, Worldwide Halal Food Industry will grow with a CAGR of 10.83% during 2020-2027.
The global halal food market is anticipated to grow significantly over the forecast period, owing to the growing Muslim population and dramatically rising food demand and prices. The Asia Pacific is the main market for halal food, and the area is predicted to offer market vendors various prospects for expansion during the forecast period. The Asia Pacific market's rise can be due to the vast religious and cultural population demanding halal cuisine. According to Pew Research Center, the global Muslim population is anticipated to reach 2.76 billion by 2050, accounting for 29.7% of the worldwide population. Furthermore, Asia, which presently hosts the majority of the world's Muslims (61.7%), is projected to host the majority of the world's Muslim population in the future.
Halal cuisine has grown in popularity among Muslim and non-Muslim consumers in recent years as it has evolved from a religious identity mark to a guarantee of food safety, hygiene, and reliability. In October 2019, the Indonesian government enacted required halal labelling and certification laws, resulting in which consumers increasingly choose halal food. Manufacturers have broadened their product line in response to increased demand by developing many value-added food items. As per Renub Research Analysis Global Halal Food Market Size was valued US$ 842.39 Million in 2020.
The global halal food market is very competitive, with several companies competing to be in the market. The major player has a large regional footprint backed up by consumer brand loyalty, giving them an advantage over their competitors. Furthermore, customer brand recognition gives them a competitive advantage in the market. For example, Nestl? (Malaysia) Berhad has invested more than MYR 100 million in expanding its MILO factory in Chembong, Negeri Sembilan. As part of its objective to drive robust, profitable, and sustainable growth while also investing in Malaysia as a key manufacturing base for the Nestl? Group.
COVID 19 impact
COVID-19 has affected the global halal food market by directly impacting production and demand, causing supply chain and market disruption, and having a financial impact on businesses and financial markets. However, we believe the worst is behind us, and the halal food industry will grow in leaps and bounds in years to come.
Renub Research new report titled “Global Halal Food Market by Product (Meat & Alternatives, Milk & Milk products, Grain Products, Fruit & Vegetables and Others), Distribution Channel (Traditional retailers, Supermarkets & Hypermarkets, Online Channels, Others), Region (North America, Asia, Europe, Latin America, MEA ), Company (QL Foods SdnBhd, Al Islami Foods Co., DagangHalal Group, Saffron Road, Kawan Foods Berhad)' provides comprehensive details about Global Halal Food industry.
Product – Market breakup from 5 viewpoints
1. Meat & Alternatives
2. Milk & Milk products
3. Grain Products
4. Fruit & Vegetables
5. Others
Distribution Channel– Market breakup from 4 viewpoints
1. Traditional retailers
2. Supermarket & Hypermarket
3. Online
4. Others
Region - Market breakup from 5 viewpoints
1. North America
2. Asia
3. Europe
4. Latin America
5. MEA
All companies have been covered from 3 viewpoints
- Overviews
- Recent Developments
1. QL Foods SdnBhd
2. Al Islami Foods Co.
3. DagangHalal Group
4. Saffron Road
5. Kawan Foods Berhad
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Growth Drivers
4.2 Challenges
5. CHINA IN-VITRO FERTILIZATION MARKET
6. CHINA IN-VITRO FERTILIZATION BY NUMBERS
7. CHINA IN-VITRO FERTILIZATION- COST OF IVF PROCEDURE PER CYCLE
8. MARKET SHARE - CHINA IN-VITRO FERTILIZATION
8.1 By Treatment Type
8.2 By Instrument Analysis
8.3 By Procedure
8.4 By End User
9. TREATMENT - CHINA IN-VITRO FERTILIZATION MARKET
9.1 Fresh Embryo
9.2 Frozen Embryo
9.3 Donor Egg
9.4 Others
10. INSTRUMENT - CHINA IN-VITRO FERTILIZATION MARKET
10.1 Culture Media
10.2 Disposable Devices
10.3 Capital Equipment
11. PROCEDURE - CHINA IN-VITRO FERTILIZATION MARKET
11.1 ICSI IVF
11.2 Non-ICSI IVF
11.3 IUI
12. END USER - CHINA IN-VITRO FERTILIZATION MARKET
12.1 Fertility Clinics
12.2 Hospitals
12.3 Others
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Growth Drivers
4.2 Challenges
5. CHINA IN-VITRO FERTILIZATION MARKET
6. CHINA IN-VITRO FERTILIZATION BY NUMBERS
7. CHINA IN-VITRO FERTILIZATION- COST OF IVF PROCEDURE PER CYCLE
8. MARKET SHARE - CHINA IN-VITRO FERTILIZATION
8.1 By Treatment Type
8.2 By Instrument Analysis
8.3 By Procedure
8.4 By End User
9. TREATMENT - CHINA IN-VITRO FERTILIZATION MARKET
9.1 Fresh Embryo
9.2 Frozen Embryo
9.3 Donor Egg
9.4 Others
10. INSTRUMENT - CHINA IN-VITRO FERTILIZATION MARKET
10.1 Culture Media
10.2 Disposable Devices
10.3 Capital Equipment
11. PROCEDURE - CHINA IN-VITRO FERTILIZATION MARKET
11.1 ICSI IVF
11.2 Non-ICSI IVF
11.3 IUI
12. END USER - CHINA IN-VITRO FERTILIZATION MARKET
12.1 Fertility Clinics
12.2 Hospitals
12.3 Others
LIST OF FIGURES:
Figure-01: China In-Vitro Fertilization Market (Million US$), 2016 – 2020
Figure-02: Forecast for – China In-Vitro Fertilization Market (Million US$), 2021 – 2026
Figure-03: China In-Vitro Fertilization Number (Million), 2016 – 2020
Figure-04: Forecast for – China In-Vitro Fertilization Number (Million), 2021 – 2026
Figure-05: China – Cost of IVF Procedure per Cycle (US$), 2016 – 2020
Figure-06: China – Forecast for Cost of IVF Procedure per Cycle (US$), 2021 – 2026
Figure-07: Treatment – Fresh Embryo Market (Million US$), 2016 – 2020
Figure-08: Treatment – Forecast for Fresh Embryo Market (Million US$), 2021 – 2026
Figure-09: Treatment – Frozen Embryo Market (Million US$), 2016 – 2020
Figure-10: Treatment – Forecast for Frozen Embryo Market (Million US$), 2021 – 2026
Figure-11: Treatment – Donor Egg Market (Million US$), 2016 – 2020
Figure-12: Treatment – Forecast for Donor Egg Market (Million US$), 2021 – 2026
Figure-13: Treatment – Others Market (Million US$), 2016 – 2020
Figure-14: Treatment – Forecast for Others Market (Million US$), 2021 – 2026
Figure-15: Instrument – Culture Media Market (Million US$), 2016 – 2020
Figure-16: Instrument – Forecast for Culture Media Market (Million US$), 2021 – 2026
Figure-17: Instrument – Disposable Devices Market (Million US$), 2016 – 2020
Figure-18: Instrument – Forecast for Disposable Devices Market (Million US$), 2021 – 2026
Figure-19: Instrument – Capital Equipment Market (Million US$), 2016 – 2020
Figure-20: Instrument – Forecast for Capital Equipment Market (Million US$), 2021 – 2026
Figure-21: Procedure – ICSI IVF Market (Million US$), 2016 – 2020
Figure-22: Procedure – Forecast for ICSI IVF Market (Million US$), 2021 – 2026
Figure-23: Procedure – Non-ICSI IVF Market (Million US$), 2016 – 2020
Figure-24: Procedure – Forecast for Non-ICSI IVF Market (Million US$), 2021 – 2026
Figure-25: Procedure – IUI Market (Million US$), 2016 – 2020
Figure-26: Procedure – Forecast for IUI Market (Million US$), 2021 – 2026
Figure-27: End User – Fertility Clinics Market (Million US$), 2016 – 2020
Figure-28: End User – Forecast for Fertility Clinics Market (Million US$), 2021 – 2026
Figure-29: End User – Hospitals Market (Million US$), 2016 – 2020
Figure-30: End User – Forecast for Hospitals Market (Million US$), 2021 – 2026
Figure-31: End User – Others Market (Million US$), 2016 – 2020
Figure-32: End User – Forecast for Others Market (Million US$), 2021 – 2026
Figure-01: China In-Vitro Fertilization Market (Million US$), 2016 – 2020
Figure-02: Forecast for – China In-Vitro Fertilization Market (Million US$), 2021 – 2026
Figure-03: China In-Vitro Fertilization Number (Million), 2016 – 2020
Figure-04: Forecast for – China In-Vitro Fertilization Number (Million), 2021 – 2026
Figure-05: China – Cost of IVF Procedure per Cycle (US$), 2016 – 2020
Figure-06: China – Forecast for Cost of IVF Procedure per Cycle (US$), 2021 – 2026
Figure-07: Treatment – Fresh Embryo Market (Million US$), 2016 – 2020
Figure-08: Treatment – Forecast for Fresh Embryo Market (Million US$), 2021 – 2026
Figure-09: Treatment – Frozen Embryo Market (Million US$), 2016 – 2020
Figure-10: Treatment – Forecast for Frozen Embryo Market (Million US$), 2021 – 2026
Figure-11: Treatment – Donor Egg Market (Million US$), 2016 – 2020
Figure-12: Treatment – Forecast for Donor Egg Market (Million US$), 2021 – 2026
Figure-13: Treatment – Others Market (Million US$), 2016 – 2020
Figure-14: Treatment – Forecast for Others Market (Million US$), 2021 – 2026
Figure-15: Instrument – Culture Media Market (Million US$), 2016 – 2020
Figure-16: Instrument – Forecast for Culture Media Market (Million US$), 2021 – 2026
Figure-17: Instrument – Disposable Devices Market (Million US$), 2016 – 2020
Figure-18: Instrument – Forecast for Disposable Devices Market (Million US$), 2021 – 2026
Figure-19: Instrument – Capital Equipment Market (Million US$), 2016 – 2020
Figure-20: Instrument – Forecast for Capital Equipment Market (Million US$), 2021 – 2026
Figure-21: Procedure – ICSI IVF Market (Million US$), 2016 – 2020
Figure-22: Procedure – Forecast for ICSI IVF Market (Million US$), 2021 – 2026
Figure-23: Procedure – Non-ICSI IVF Market (Million US$), 2016 – 2020
Figure-24: Procedure – Forecast for Non-ICSI IVF Market (Million US$), 2021 – 2026
Figure-25: Procedure – IUI Market (Million US$), 2016 – 2020
Figure-26: Procedure – Forecast for IUI Market (Million US$), 2021 – 2026
Figure-27: End User – Fertility Clinics Market (Million US$), 2016 – 2020
Figure-28: End User – Forecast for Fertility Clinics Market (Million US$), 2021 – 2026
Figure-29: End User – Hospitals Market (Million US$), 2016 – 2020
Figure-30: End User – Forecast for Hospitals Market (Million US$), 2021 – 2026
Figure-31: End User – Others Market (Million US$), 2016 – 2020
Figure-32: End User – Forecast for Others Market (Million US$), 2021 – 2026
LIST OF TABLES:
Table-01: China In-Vitro Fertilization Market Share by Treatment Type (Percent), 2016 – 2020
Table-02: Forecast for – China In-Vitro Fertilization Market Share by Treatment Type (Percent), 2021 – 2026
Table-03: China In-Vitro Fertilization Market Share by Instrument Analysis (Percent), 2016 – 2020
Table-04: Forecast for – China In-Vitro Fertilization Market Share by Instrument Analysis (Percent), 2021 – 2026
Table-05: China In-Vitro Fertilization Market Share by Procedure (Percent), 2016 – 2020
Table-06: Forecast for – China In-Vitro Fertilization Market Share by Procedure (Percent), 2021 – 2026
Table-07: China In-Vitro Fertilization Market Share by End User (Percent), 2016 – 2020
Table-08: Forecast for – China In-Vitro Fertilization Market Share by End User (Percent), 2021 – 2026
Table-01: China In-Vitro Fertilization Market Share by Treatment Type (Percent), 2016 – 2020
Table-02: Forecast for – China In-Vitro Fertilization Market Share by Treatment Type (Percent), 2021 – 2026
Table-03: China In-Vitro Fertilization Market Share by Instrument Analysis (Percent), 2016 – 2020
Table-04: Forecast for – China In-Vitro Fertilization Market Share by Instrument Analysis (Percent), 2021 – 2026
Table-05: China In-Vitro Fertilization Market Share by Procedure (Percent), 2016 – 2020
Table-06: Forecast for – China In-Vitro Fertilization Market Share by Procedure (Percent), 2021 – 2026
Table-07: China In-Vitro Fertilization Market Share by End User (Percent), 2016 – 2020
Table-08: Forecast for – China In-Vitro Fertilization Market Share by End User (Percent), 2021 – 2026
