NEW YORK, Sept. 29, 2021 /PRNewswire/ -- According to Technavio, incremental growth of $ 388.11 bn is expected in the halal food market during 2021-2025. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the halal food market in optimistic, probable, and pessimistic forecast scenarios.
Technavio offers an up-to-date analysis regarding the current global market scenario & the overall market environment.
Factors such as the expansion of halal food production facilities, and a strong distribution network between halal food manufacturers and retailers will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The halal food market is fragmented, and the degree of fragmentation will decelerate during the forecast period.
Halal Food Market 2021-2025: Vendor Analysis and Scope
To help businesses improve their market position, the halal food market report provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include Al Islami Foods, BRF SA, Cargill Inc., Flying Trade Group PLC, Kawan Food Berhad, Midamar Corp., Nestle SA, Tahira Foods Ltd., The American Halal Co. Inc., and Unilever Group.
The report also covers the following areas:
Halal Food Market size
Halal Food Market trends
Halal Food Market industry analysis
The increasing consumer expenditure on halal food will offer immense growth opportunities. However, the increasing threat from fake halal food scams will hamper the market growth.
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Backed with competitive intelligence and benchmarking, our research reports on the halal food market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.