As per the report titled ‘GLOBAL HALAL FOOD & BEVERAGE MARKET 2019-2027’ available with Market Study Report, global halal food & beverage market is predicted to exhibit a CAGR of 5.85% during 2019-2027.
 

Increasing Muslim population coupled with growing awareness pertaining to the product among non-Muslim population are bolstering the growth of global halal food & beverage market.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2487384/
 

Moreover, rising investments towards the halal food value chain along with development of innovative tracking technologies are positively swaying the market dynamics. However, absence of adequate international standards for accrediting HCBs (halal certification bodies), expiration of certification standards, and unhygienic practices in the processing and production facilities are expected to hamper the global halal food & beverage industry growth.
 

Based on product type, the industry is bifurcated into halal grain products, halal fruits & vegetables, halal milk & milk products, halal meat & alternatives, and others.
 

With regards to user demographics, global halal food & beverage industry comprises of Muslims and non-Muslims. Elaborating on distribution channel, the industry is divided into online, supermarkets & hypermarkets, traditional retailers, and others.
 

From a geographical point of view, the overall industry is bifurcated into Europe, North America, Asia-Pacific, Latin America and Middle East & Africa, with key focus on countries such as Germany, UK, France, Spain, Italy, Japan, India, China, Australia & New Zealand, South Korea, Malaysia, Indonesia, Canada, U.S., Mexico, Brazil, UAE, Turkey, South Africa and Saudi Arabia among others.
 

As per the report, Asia-Pacific is estimated to emerge as a major revenue generator for global halal food & beverage market over the analysis timeframe. Factors such as growing Muslim population, rising consumption of halal food, growing literacy rates, and increasing awareness regarding the benefits of halal food are contributing to the remuneration of the regional market.
 

The organizations that define the global halal food & beverage industry trends are Allanasons Private Limited, Haoyue Group, Kawan Food Berhad, Namet Gida Sanayi Ve Tic AS, Nema Food Company, Crescent Foods, Inc., QL Foods Sdn Bhd, Al Islami Foods, Cargill Incorporated, and Nestlé S.A.