GCC Halal Food Products Market
GCC Halal Food Products Market Size to Grow at Steady CAGR of 5.3% during 2022–2028
Published | 17 November 2022
GCC (Gulf Cooperation Council) halal food products market is flourishing due to an increase in the number of stringent regulatory frameworks that require mandatory halal labeling and certification rules for food and beverages and the proliferation of ready-to-eat and convenient halal food products in the region.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects the size of GCC halal food products market to grow at a CAGR of 5.3% during the forecast period between 2022 and 2028. BlueWeave forecasts GCC halal food products market size to reach a value of USD 78.2 billion by 2028. The large Muslim population in the GCC region, which adheres to Islamic Sariah norms as part of their religious beliefs, is primarily driving the demand for halal food products. The GCC halal food products market growth is also being driven by the stringent regulatory frameworks that include mandatory halal labeling and certification rules for food and beverages in the region.
Rising awareness among non-Muslim communities about the food safety, hygiene, and dependability provided by halal food products is also broadening the halal food products market across GCC countries. In addition, significant growth in the food retail sector as well as increased availability of halal food and beverages through various distribution channels, is driving the growth of GCC halal food products market during the period in analysis.
GCC Halal Food Products Market – Overview
A category of food products and beverages that are primarily prepared following Islamic dietary law is referred to as "halal food." Alcohol, pork byproducts, animals that are already dead when they are killed, and animals that are not killed in the name of Allah are all regarded as haram, or forbidden, and forbidden to be consume by Muslims. Halal food items are also packaged and kept in utensils, which also need to be cleaned under Islamic regulations. Meat, poultry, seafood, oils and fats, waxes, fruits and vegetables, confections, dairy products are some of the typical food items that come under halal labeling framework.
The sizable Muslim population, which adheres to Islamic shariah laws as part of their religious convictions, in GCC is spurring the high demand for halal food products. GCC halal food products market is also growing because of the growing awareness among non-Muslim communities of the benefits provided by halal food products, including safety, hygiene, better taste, high nutritional value, and tender and hormone- and stress-free meat. Along these lines, another factor spurring growth is the introduction of several value-added food items, such as sandwiches, soups, pizzas, candies, hamburgers, and hot dogs made following Islamic dietary law. Additionally, growing investments by several regional governments to enact laws requiring mandatory halal labeling and certification are helping the halal food products market expand in the GCC region. GCC halal food products market is also expected to grow because of additional factors, such as rising consumer spending power and simple product availability across e-commerce platforms.
Request for Sample Report @ https://www.blueweaveconsulting.com/report/gcc-halal-food-products-market/report-sample
GCC Halal Food Products Market – Technology Advancements
Blockchain, the Internet of Things (IoT), and halal laboratories are actively involved in food safety, analysis of food products for maintaining quality standards to detect the presence of porcine material or alcohol, and other technology advancements that support the growth of GCC halal food Products market. The demand for halal foods is growing at the same time as these activities.
GCC Halal Food Products Market – Segmental Information
GCC halal food products market has segments: Meat, Poultry & Seafood, Fruits & Vegetables, Dairy Products, Cereals & Grains, Oil, Fats & Waxes, Confectionery, and others based on products; and Traditional Retailers, Supermarkets & Hypermarkets, Online, and others by distribution channel. During the forecast period, the supermarkets/hypermarkets segment is expected to have a significant market share in the GCC halal food products market by sales channel.
Impact of COVID-19 on GCC Halal Food Products Market
The disruption of the food supply chain brought on by the rapid spread of COVID-19 affected the GCC halal food products industry. The ability to consume and sell halal food was significantly impacted by labor shortages and problems with the import and export of the food, which were experienced by leading manufacturers. The GCC halal food products industry also suffered from the decline in demand for meat products brought on by concerns about safety and sanitation during the COVID-19 pandemic. However, as consumers prefer wholesome and safe food, it is expected that the GCC halal food products market will expand during the post COVID-19 pandemic period.
Prominent players in GCC halal food products market include Al Kabeer Group ME, Al Rawdah Foods, Al Islami Foods, Al-Falah Supermarket, American Halal Company Inc., BRF Global (Sadia Halal), Nestle S.A., Podravka Gulf FZE, JM Foods LLC, and Seara Foods Middle East. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in GCC halal food products market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of GCC Halal Food Products Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in GCC Halal Food Products Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
BlueWeave Consulting (BWC) provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
BlueWeave Consulting & Research Pvt. Ltd
+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662
Recent Press Releases
- Vietnam Online Food Delivery Market Growing at a Lightning speed: Projected to Grow at the CAGR of 23.4% by 2027
- Growing Urbanization and fast-paced life of working class population continues to draw the global Ready to eat food market in upward direction.
- Saudi Arabia Bubble Tea Market Size Set to Expand at 11.6% CAGR during 2022–2028
- UAE Bottled Water Market Witnessing Brisk Business: Forecast to Grow at a CAGR of 11.7% by 2027
- Global Butter Market Poised to Grow Moderately at a CAGR of 4.8 % during the forecast period (2021-2027)
- Global Green Coffee Market to Grow at a CAGR of 6.4% during Forecast Period