NEW YORK, June 7, 2021 /PRNewswire/ -- Set to grow by USD 8.17 billion during 2020-2024, Technavio's latest market research report estimates the halal food market in the US to register a CAGR of over 5%. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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. are some of the major market participants. The increasing sales through retail channels 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.
Halal Food Market in US 2020-2024: Vendor Analysis and Scope To help businesses improve their market position, the halal food market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include 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.
The report also covers the following areas:
Halal Food Market size
Halal Food Market trends
Halal Food Market industry analysis
The rising muslim population in the country is likely to emerge as one of the primary drivers of the market. However, the threat from kosher foods may threaten the growth of the market.
Related Reports on Consumer Staples Include: Global Halal Food Market - Global halal food market is segmented by Product (Halal meat, poultry, and seafood, Halal bakery, confectionery, and cocoa, Halal fruits, vegetables, and nuts, Halal beverages, and Others), Geography (APAC, MEA, Europe, South America, and North America), and Distribution channel (offline and online). Request a Free Sample Report
Global Kosher Foods Market - Global kosher foods market is segmented by product (kosher pareve, kosher meat, and kosher dairy), distribution channel (kosher pareve, kosher meat, and kosher dairy), and geography (North America, Europe, MEA, South America, and APAC). Request a Free Sample Report
Halal Food Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist halal food market growth during the next five years
Estimation of the halal food market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the halal food market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of halal food market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five forces analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
Comparison by Product
Halal cereals and grains - Market size and forecast 2019-2024
Halal beverages - Market size and forecast 2019-2024
Other halal foods - Market size and forecast 2019-2024
Market opportunity by Product
Market Segmentation by End-user
Comparison by End-user
Retail - Market size and forecast 2019-2024
Foodservice - Market size and forecast 2019-2024
Market opportunity by End-user
Market Segmentation by Distribution channel
Market positioning of vendors
Al Safa Foods Ltd.
American Foods Group LLC
The American Halal Co. Inc.
Barry Callebaut AG
Coleman Natural Foods LLC
Kronos Foods Corp.
Nema Food Distribution Inc.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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