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Halal Food Market Share, Size,Growth, Trend, Analysis,Report
and Forecasts to 2024 | Hexa Research
“ The global halal food market is anticipated to reach USD 2.55 trillion by
2024.”
19 December 2018
The global halal food market is anticipated to reach USD 2.55 trillion by 2024 driven by the rising demand for
the consumption of halal meat which is healthy and made in a hygienic manner. The growing awareness of
halal food and its positioning as hygienic and healthy food among both Muslim and non -Muslim community is
expected to drive the demand over the forecast period.
Asia Pacific has the highest market share in terms of revenue and is projected to maintain its dominance in
the market over the forecast period. Increasing Muslim population and the growing awareness among
consumers in Asia Pacific countries such as Pakistan, India, and Bangladesh, Indonesia , Singapore, and the
Philippines are expected to drive the market over the forecast period.
The absence of a uniform halal standard across countries makes it challenging for vendors to get their
products halal certified. Besides, the market is fragmented in nature, which makes it further challenging for
multiple vendors to operate in different countries. In the market, there is also a need for an oversight on the
halal food industry considering the halal meat scandals in Europe and North America regions.
Browse Details of Report @ https://www.hexaresearch.com/research-report/global-halal-food-market
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