DUBLIN, June 1, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Halal Food Market 2017-2021" report to their offering.
The global halal food market to grow at a CAGR of 15.52% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global halal food market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is increased demand for convenience foods. The purchase and demand for convenience and packaged foods are on the rise with improvement in the living standards, lifestyles, and disposable incomes of consumers in Muslim countries. These packaged foods are prepared according to Islamic dietary laws.
According to the report, one driver in the market is improved economic conditions of Muslim countries. One of the most important economic health indicators of a country is gross domestic product (GDP) by purchasing power parity (PPP). PPP considers the local price differences between nations and then equalizes them to the US economy. The economic conditions of Muslim countries are improving with time. Economic development has led to an increase in purchasing power and income levels of people in the Muslim countries.
Further, the report states that one challenge in the market is halal certification. Obtaining a halal certification is difficult as there are no uniform halal standards and halal certifying bodies for every country. This makes it difficult for the companies to operate in the international market. In addition, the lack of transparency from certifiers and fragmented marketplace create uncertainty and difficulty in obtaining halal certification. This has led to the loss of faith and protests against halal and halal certifiers.
- Al Islami Foods
- QL Foods
- Saffron Road Food
Other prominent vendors:
- Al-Falah Halal Foods
- Arman Muslim Foods Industrial Group
- Beijing Shunxin Agriculture
- Cleone Foods
- Crown Chicken
- Jingyitai Halal Food
- Nema Food
- Prima Agri-Products
- Tahira Food
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product
Part 07: Market segmentation by distribution channel
Part 08: Geographical segmentation
Part 09: Key leading countries
Part 10: Decision framework
Part 11: Drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Key vendor analysis
For more information about this report visit http://www.researchandmarkets.com/research/p55zsl/global_halal_food
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-halal-food-market-2017-2021---improved-economic-conditions-of-muslim-countries-drives-the-market---research-and-markets-300467144.html
SOURCE Research and Markets