Bharat
Book Bureau Provides the Trending Market Research Report on “Global
Halal Market 2019 by Manufacturers, Regions, Type and Application, Forecast to
2024” under
Food
& Beverage category.
The report offers a collection
of superior market research, market analysis, competitive intelligence and
industry reports.
The Arabic word for “permitted.” Halal is
commonly seen as “Halal” which means food that is permitted under Islamic
guidelines as found in the Qu’ran Most food and drinks are considered Halal
unless they are clearly stated as forbidden in the Qur’an (holy book of Islam)
and hadith (prophetic traditions).
Halal
Industry is based on a belief that Muslims should eat
food and use goods such as cosmetics that are "halalan toyibban",
which means permissible and wholesome. In fact, the halal market is
non-exclusive to Muslims, and has gained increasing acceptance among non-
Muslim consumers who associate halal with ethical consumerism.
Actually, the halal industry has now expanded
beyond the food sector to include pharmaceuticals, cosmetics, health products,
toiletries and medical devices as well as service sector components such as
logistics, marketing, print and electronic media, packaging, branding, and
financing. In addition, the halal food marketplace is emerging as one of the
most profitable and influential market arenas in the world food business today.
Scope of the Report:
Downstream growth in
demand prompted the rapid growth of halal food in Europe, which is because of
both growth of population of Muslim and the growth of Muslim income in these
countries.
European halal food
industry is quite fragmented with a large number of companies can produce halal
food but the companies passed the halal certification are limited. Although
halal certification is considered a key enabler for the successful development
of the global halal industry, the industry is still plagued by the issue of
differing certification standards. The lack of a single, unified global halal
standard is a pressing issue within the halal industry.
Halal food is going
to be main-stream in Europe. And the downstream consumption market is
constantly expanding, not only the Muslims, but also non-Muslim began to join
the ranks of the consumer. As for the age of consumption, the young generation
of Muslims is agents of change for the halal industry. Supermarkets,
hypermarkets and food distribution chains are increasing their share of halal
distribution, capitalizing on young halal consumers’ interests in having the
same choices as non-halal consumers.
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