Global industry trends, share, size, growth, opportunities and 2020-2024 forecasts

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Global industry trends, share, size, growth, opportunities and 2020-2024 forecasts

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NEW YORK , March 18, 2022 / PRNewswire / – The Halal food market value in the United States it is destined to grow 8.17 trillion dollarswith a CAGR of 5% from 2019 to 2024, according to the latest Technavio report.

Technavio (PRNewsfoto / Technavio)

Technavio (PRNewsfoto / Technavio)

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The key driver of growth in the US halal food market is the symbol of healthy food

Since halal animals are slaughtered, processed and prepared according to strict Islamic dietary laws, these foods are considered healthy and hygienic compared to non-halal foods. This has changed the perspective of non-Muslim consumers on the concept of halal food. A small percentage of the US population is Muslim. However, the halal food market is still growing. This indicates the inclination of other consumers in the community towards halal foods. The increase in consumption is also the result of growing health concerns regarding hygiene and health among consumers. The health benefits associated with halal are the main factor driving the acceptance and demand for halal food among non-Muslims.

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Halal Food Market in US Product Outlook (Revenue, USD Billion, 2019-2024)

  • Halal meat, poultry and seafood: dimensions and forecasts 2019-2024

  • Halal cereals and grains – dimensions and forecasts 2019-2024

  • Halal fruits, vegetables and nuts: dimensions and forecasts 2019-2024

  • Halal drinks – dimensions and forecasts 2019-2024

  • Other halal foods – dimensions and forecasts 2019-2024

Halal Food Market in the Perspectives of the US Distribution Channel (Revenue, USD Billion, 2019-2024)

  • Supermarkets and hypermarkets: dimensions and forecasts 2019-2024

  • Traditional retailers – dimensions and forecasts 2019-2024

  • Others – dimensions and forecasts 2019-2024

Halal Food Market in US End User Perspectives (Revenue, USD Billion, 2019-2024)

The growth of the halal food market share in the United States by the halal meat, poultry and seafood segment will be significant during the forecast period. Halal meat is considered healthier meat than other meats (except kosher meat). This is because the blood of animals is drained from their body because animal blood may contain bacteria and toxins that can spread through the animal body (carcass) once it is dead. The growing awareness of halal meats is driving market demand.

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Major Halal Food Companies in the United States

The US Halal Food Market Report offers information on several market suppliers, including Al Safa Foods Ltd., American Foods Group LLC, The American Halal Co. Inc., Barry Callebaut AG, Cargill Inc., Coleman Natural Foods LLC , Crescent Foods, Kronos Foods Corp., Midamar Corp. and Nema Food Distribution Inc. among others. Furthermore, the market is fragmented and suppliers are implementing growth strategies such as expanding production facilities and launching new products, to increase their productivity and strengthen their market positions to compete in the market.

  • Al Safa Foods Ltd.- The company offers various food products such as in different categories like gastronomy, ethnic and others.

  • Barry Callebaut AG – The company manages its operations in EMEA, the Americas and Asia-Pacific. The company deals with the procurement of ingredients for the production of chocolate mainly cocoa and the Group’s cocoa processing business. In addition, the company also offers Halal certified chocolates.

  • Cargill Inc.- The company offers beef, turkey and chicken in halal food products.

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Related reports include:

Kosher food market by product, distribution channel and geography – Forecasts and analyzes 2021-2025: The kosher food market has the potential to grow by $ 13.73 billion over the period 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 7.48%. To get more exclusive research insights: Download our FREE sample report

Halal food market by product, distribution channel and geography – Forecasts and analyzes 2021-2025: The halal food market has the potential to grow by $ 388.11 billion over the period 2021-2025 and the market’s growth momentum will decelerate at a CAGR of 4.46%. To get more exclusive research insights: Download our FREE sample report

Halal food market within the United States

Report coverage

Details

Page number

120

Reference year

2019

Forecast period

2020-2024

Moment of growth and CAGR

Accelerate with a 5% CAGR

Market growth 2020-2024

$ 8.17 trillion

Market structure

fragmented

Year-on-year growth (%)

2.96

Contribution of the performing market

100% USA

competitive landscape

Leading companies, competitive strategies, consumer involvement area

Profiled companies

Al Safa Foods Ltd., American Foods Group LLC, The American Halal Co. Inc., Barry Callebaut AG, Cargill Inc., Coleman Natural Foods LLC, Crescent Foods, Kronos Foods Corp., Midamar Corp. and Nema Food Distribution Inc.

Market dynamics

Analysis of the main market, drivers and obstacles to market growth, analysis of fast and slow growth segments, impact of COVID 19 and future consumer dynamics, analysis of market conditions for the forecast period,

Personalization preview

If our report didn’t include the data you’re looking for, you can contact our analysts and get custom segments.

Summary

Synthesis

Market landscape

  • Market ecosystem

  • Value chain analysis

Market sizing

Five Forces Analysis

Market segmentation by product

  • Market segments

  • Comparison by product

  • Halal Cereals and Grains – Market Sizes and Forecasts 2019-2024

  • Halal drinks: market size and forecast 2019-2024

  • Other Halal Foods – Market Size and Forecast 2019-2024

  • Market opportunity by product

Market segmentation by end user

  • Market segments

  • Comparison by end user

  • Retail – Market Sizes and Forecasts 2019-2024

  • Catering – Market size and forecasts 2019-2024

  • Market opportunity from the end user

Market segmentation by distribution channel

Customer landscape

  • Market driver

  • Market challenges

  • Market trend

Seller landscape

  • Competitive scenario

  • vendor landscape

  • Disturbance of the landscape

  • Risks of the sector

Supplier analysis

  • Covered suppliers

  • Positioning on the supplier market

  • Al Safa Foods Ltd.

  • American Foods Group LLC

  • The American Halal Co. Inc.

  • Barry Callebaut AG

  • Cargill Inc.

  • Coleman Natural Foods LLC

  • Crescent foods

  • Kronos Foods Corp.

  • Midamar Corp.

  • Nema Food Distribution Inc.

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