What is the best market segmentation for halal products?

Halal Food Market Segmentation: The global halal food market is segmented by product type, by sales channels and by region. By product type the global halal food market is segmented into, cereal based food products, fruits and vegetables, milk and dairy products and meat, poultry and seafood products.

What food is halal market?

For a meat to be certified “halal,” it cannot be a forbidden cut (such as meat from hindquarters) or animal (such as pork). Beef, lamb, chicken, fish, venison, and game birds can all be halal. The only prohibited animals are pigs and reptiles.

How big is the halal foods market?

The global halal food and beverages market size was USD 1.96 trillion in 2020.

Why the demand for halal products is gradually increasing?

The main factor that drives the halal industry is the growing demand from Muslim consumers and communities who look for products and services manufactured according to Islamic precepts.

Why is halal food called halal food?

Halal is Arabic for permissible. Halal food is that which adheres to Islamic law, as defined in the Koran. The Islamic form of slaughtering animals or poultry, dhabiha, involves killing through a cut to the jugular vein, carotid artery and windpipe.

What makes halal food halal?

Halal animals must be slaughtered by a Muslim, who says a blessing, and by hand, not by machine (which is the way many chickens in the U.S. are killed. Once killed, the animal’s blood must drain completely, since Muslims who eat Halal do not consume the fresh blood of animals.

What is the prospect of Halal industry?

As Islam is the second largest religion in the world, the halal product market is expected to grow from 1.4 trillion U.S. dollars in 2017 to around 2.6 trillion by 2024, with the largest share of the market value coming from North America.

What is global Halal industry?

An industry in the global economy that is comprised of Halal food, Halal cosmetics, Halal pharmaceuticals, Muslim friendly tourism, Halal logistics and supply chain, Modest fashion, Halal media and recreation, and other markets targeting to fulfill the needs of Muslim consumers globally.

What is the future of halal industry?

The global halal market size is expected to reach USD 9.71 trillion by 2025. Growing Muslim consumers coupled with the increasing offering of halal-certified products is expected to drive the global halal market over the projected period.