Market Research Future (Food and Beverages) Halal Foods and Beverages Market Research Report | Page 3

Halal Foods and Beverages Market Research Report– Forecast to 2023
2 Market Overview
A significant factor driving the growth of the halal foods & beverages market is the increasing demand for ready to
eat food both in developed and developing economies as well as shifting consumer preference for halal products.
The convenience food trend and changing lifestyle leading to evolving dietary patterns and spending habits of
consumers has led to the surge in the sale of convenience food which is directly influencing the sale of halal food
products. Also, increasing number of working female population in developing economies is also one of the major
factors to fuel the sales of frozen halal food products.
The halal foods & beverages market offers a lucrative opportunity in the retail industry. The retail industry is observing
a substantial growth over the last decade which in turn is positively impacting the overall demands of halal food &
beverage products. Additionally, the enhancement of the product coupled with technological advancements is
considered to be one of the significant reasons for the increasing growth of the halal foods & beverages market
during the forecast period, 2017-2023.
Segments:
The global halal foods & beverages market is segmented into type, category, packaging, and distribution channel.
On the basis of the type, it is segmented into bakery & confectionery, beverages, sweet & savory snacks, dairy &
frozen desserts, meat & meat products, oils & fats, and others. The bakery & confectionery segment is dominating
owing to increase in the demand for halal ingredients for the preparation of bakery & confectionery products.
Moreover, shifting consumer preferences for convenience food has resulted in the growth of dairy & frozen
desserts segment.
On the basis of the category, it is segmented into fresh, frozen and others. Among all, the fresh segment is
dominating the market based on increased consumption of fresh poultry and meat products globally. However, the
frozen segment is projected to witness a steady growth over the forecast period owing to shifting consumer
inclination towards frozen foods.
On the basis of the packaging, it is segmented into glass, metal, plastic, paper, and others. Among all the
packaging segments, the plastic sub-segment is dominating the market owing to its toughness and ease of
transportation.
On the basis of the distribution channel, it is segmented into the store based, and non-store based. The store-
based distribution channel is dominating the market based on the one-stop shopping experience.
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