The Halal Meat Market study with 65+ market data Tables, Pie charts & Figures is now released by HTF MI. The research assessment of the Market is designed to analyze futuristic trends, growth factors, industry opinions, and industry-validated market facts to forecast till 2029. The market Study is segmented by key a region that is accelerating the marketization. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. Some of the players studied are Al Islami Foods (United Arab Emirates), Arman Group (Saudi Arabia), Barra Mansa (Brazil), Casino (France), China Haoyue Group (China), Cleone Foods (United kingdom), Hebei Kangyuan Islamic Food (China), Isla Delice (France), Khazan Meat Factory (Kuwait), Nema Foods (United States).
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According to HTF Market Intelligence, the Global Halal Meat market to witness a CAGR of % during forecast period of 2023-2029. The market is segmented by Type (Poultry, Mutton, Beef, Others) by Product Type (Fresh Meat, Processed Foods) by Sales Channel (Online, Offline, Hypermarket, Supermarket, Others)
Definition:
Halal is an Arabic for permissible and halal food is that which adheres to Islamic law, as defined in the Quran. The Islamic form of slaughtering animals or poultry contains killing through a cut to the jugular vein, carotid artery and windpipe. According to Islamic traditions, before being slaughtered, God’s name should be pronounced over the meat as a show of appreciation and then an animal is killed in one swift cut to its throat to confirm its blood is drained from its body. This is because traditions state that blood can be dangerous to the human body and should therefore be avoided.
Market Trends:
- Government Initiatives towards Food Quality Certification Scheme
- Increasing Improvement in Supply Chain in Retail Sector
Market Drivers:
- Increasing Muslim Population and Their Substantially Increasing Expenditure on Food
- Increasing Awareness of Muslim Consumers on Their Religious Obligations
Market Opportunities:
- Increasing Acceptance among Non-Muslim Consumers
Halal Meat Market Competitive Analysis:
Know your current market situation! Not just new products but ongoing products are also essential to analyze due to ever-changing market dynamics. The study allows marketers to understand consumer trends and segment analysis where they can face a rapid market share drop. Figure out who really the competition is in the marketplace, get to know market share analysis, market position, % Market Share, and segmented revenue.
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Players Included in Research Coverage: Al Islami Foods (United Arab Emirates), Arman Group (Saudi Arabia), Barra Mansa (Brazil), Casino (France), China Haoyue Group (China), Cleone Foods (United kingdom), Hebei Kangyuan Islamic Food (China), Isla Delice (France), Khazan Meat Factory (Kuwait), Nema Foods (United States)
Additionally, Past Halal Meat Market data breakdown, Market Entropy to understand development activity and Patent Analysis*, Competitors Swot Analysis, Product Specifications, and Peer Group Analysis including financial metrics are covered.
Segmentation and Targeting:
Essential demographic, geographic, psychographic, and behavioral information about business segments in the Halal Meat market is targeted to aid in determining the features the company should encompass in order to fit into the business’s requirements. For the Consumer-based market – the study is also classified with Market Maker information in order to understand better who the clients are, their buying behavior, and patterns.
Halal MeatProduct Types In-Depth: Poultry, Mutton, Beef, Others
Halal Meat Major Geographical First Level Segmentation:
• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
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Research Objectives:
– Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
– To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
– To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
– To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
– To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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