Market outlook of the halal food market
Earlier, halal food were prepared for Muslims, but now they are consumed globally by people of all religions and ethnic backgrounds as they are known for their safety, hygiene, and ethical quality, and this factor is driving the global halal food market. With the rise in the demand for halal food products, producers from the non-Muslim countries such as the US, Brazil, and Australia are keen to tap this opportunity.
Global halal food market to multiply at a speedy rate, with a CAGR of more than 14% during the forecast period.
One of the major factors contributing to the growth of the market is increased awareness about halal food. Social media is assisting in spreading awareness about the halal products globally.
Geographical segmentation and analysis of – Americas, Europe, MEA, and APAC.
In 2014, APAC led the market and accounted for over 60% of the market, followed by MEA and Europe. Even though most Muslim countries are situated in the MEA region, the APAC region dominated the market as it has the largest Muslim population in the world.
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The report offers an analysis of each of the following segments and discusses its impact on the overall market growth –
Competitive landscape and key vendors – Al Islami Foods, BRF, Kawan Foods, and Nestle
The halal food market consist of local and major multinational vendors that are competing with each other to gain a bigger market share.
On June 25, 2014, Al Islami Foods launched a new processing factory that provides poultry, snack, and seafood products for foodservice and retail sectors in GCC, CIS countries and Russia.
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The top vendors in the market are –
Al Islami Foods
Other prominent vendors in the market include Al-Falah Halal Foods, Carrefour, Cleone Foods, Crown Chicken, Eggelbusch, Euro Foods Group, McDonalds, Shaheen Foods, Sickendiek Fleischwarenfabrik, Tesco, Ummah Foods, and Yum! Brands.
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Growth drivers, challenges, and upcoming trends: Halal food
This report provides a number of factors contributing to the adoption, limitations, and opportunities of the halal food market. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.