GCC Halal Meals and Beverage Market Report back to 2027 –
Dublin, Dec. 06, 2022 (GLOBE NEWSWIRE) — The “GCC Halal Meals and Beverage Market, Measurement, Forecast 2023-2027, Business Tendencies, Progress, Share, Outlook, Affect of Inflation, Alternative Firm Evaluation” report has been added to ResearchAndMarkets.com’s providing.
This report supplies an in depth evaluation of GCC Halal Meals and Beverage Business.GCC Halal Meals and Beverage Market are anticipated to succeed in US$ 18.90 Billion in 2027.
|No. of Pages||110|
|Forecast Interval||2022 – 2027|
|Estimated Market Worth (USD) in 2022||$12.01 Billion|
|Forecasted Market Worth (USD) by 2027||$18.91 Billion|
|Compound Annual Progress Fee||9.5%|
|Areas Coated||Center East|
Halal meals is a time period used to explain a gaggle of meals and drinks produced primarily beneath Islamic dietary legal guidelines. Alcohol, pig by-products, and animals which can be useless earlier than slaughtering or not slain in Allah’s identify are all deemed haram or unfit for consuming, based on the regulation. Moreover, these meals gadgets are packaged and saved in utensils that have to be cleaned based on Islamic requirements.
Gulf Cooperation Council (GCC) Halal Meals and Beverage Business is increasing with a CAGR of 9.50% throughout 2022-2027:
The demand for halal meals by-products within the GCC area is especially pushed by many Muslims who observe Islamic Sariah laws as a part of their non secular beliefs. Moreover, the demand is being pushed by the rising variety of stringent regulatory frameworks that embrace required halal labeling and certification requirements for meals and drinks.
Moreover, elevated information of meals security, hygiene, and trustworthiness afforded by halal meals gadgets, notably amongst non-Muslims, is boosting the business throughout the Gulf Cooperation Council. As well as, a big improve within the meals retail sector and the rising availability of halal meals and drinks throughout varied distribution channels are additionally driving market growth.
COVID 19 Affect on GCC Nations Halal Meals and Beverage Business:
The disturbance of the halal meals and beverage business’s outlook brought on by COVID-19’s fast unfold harmed market progress in 2020. Surprisingly, the market immediately impacted manufacturing and demand, disrupting provide chains and desires and affecting companies and monetary markets financially. Client choice for wholesome, nutritious, and safer merchandise, however, is rising.
The favorable evolution of customers’ preferences in direction of protected and high-quality halal merchandise is predicted to strengthen this market within the upcoming years. Because of this, the halal meals enterprise is predicted to blow up by way of 2021. In keeping with the writer, Gulf Cooperation Council Halal Meals and Beverage Market Measurement was US$ 10.96 Billion in 2021.
Meat, Poultry, and Seafood Phase have one of many Highest Market Share:
Within the GCC Halal Meals and Beverage Business, meat, poultry, and seafood gadgets have the best market share due to their huge attain and attraction. Moreover, attributable to rising affluence and wholesome consuming tendencies amongst customers, rising economies such because the UAE, Kuwait, Saudi Arabia, Oman, Qatar, and Bahrain are more likely to make vital contributions to the halal meat and poultry enterprise progress.
Moreover, the elevated demand for packaged processed beef merchandise, thought to be hygienic and high-quality, is more likely to propel segmental growth within the coming years. As well as, with elevated shopper consciousness of meals high quality and security, halal certification is gaining popularity for added gadgets resembling dairy, cereals, grain-based merchandise, non-dairy drinks, fruits, greens, and nuts.
E-Commerce is without doubt one of the Quickest Rising Business:
Our evaluation has studied the markets for supermarkets and hypermarkets, e-commerce, comfort shops, and different retail codecs. E-Commerce has the fastest-growing market share, as a result of fast growth of on-line channels, which has fuelled segmental progress considerably in recent times. E-commerce channels are quickly evolving to spend money on progressive applied sciences and supply customers with varied merchandise. Moreover, these on-line retailers are investing in assembly all regulatory standards to extend the protection and high quality of their merchandise. The evolution of on-line retail channels could be aided by increasing international digitalization.
Saudi Arabia Holds the Dominant Share within the Market:
Saudi Arabia is predicted to be the fastest-growing nation within the area’s halal meals and beverage market all through the forecast interval, with essentially the most vital market share. It’s also the first producer of meals and drinks within the Gulf area. Nonetheless, the nation’s fast-growing inhabitants has outpaced its meals provide, forcing it to depend on imports, fueling demand for Halal meals merchandise.
As well as, Saudi Arabia’s authorities has been enacting new guidelines to encourage the manufacturing of extra halal delicacies. These legal guidelines are anticipated to make the nation’s meals and beverage self-sufficient and supply home farmers with extra possibilities to diversify their animals, resembling poultry, camels, sheep, and dairy manufacturing.
Aggressive Panorama among the many Key Gamers:
The existence of a number of regional and international gamers preventing for market share within the halal meals and beverage business within the GCC is fragmented and extremely aggressive. Cargill Inc., Nestle, Unilever Group, and BRF S.A. are among the many market’s main firms. Moreover, companies are concentrating on enhancing their manufacturing processes and product developments whereas sustaining moral requirements.
Furthermore, companies are using superior expertise for varied functions, together with the detection of haram substances in cheese manufacturing, resembling rennet. Moreover, enterprises can now use fungal rennet as a halal-certified product alternative with appreciation to technological enhancements.
Product – The market is roofed from 5 viewpoints:
1. Meat, Poultry and Sea meals
2. Dairy Merchandise
3. Cereals and Grain Based mostly Merchandise
4. Non-Dairy Drinks
5. Fruits, Greens and Nuts
Distribution Channel – The market is roofed from 4 viewpoints:
1. Supermarkets and Hypermarkets
3. Comfort Retailer
4. Different Retail Codecs
Area – The market is roofed from 6 viewpoints:
1. United Arab Emirates (UAE)
3. Saudi Arabia
- Enterprise overview
- Current Growth
- Gross sales Evaluation
Key Gamers Evaluation:
1. Cargill inc.
3. Unilever Group
4. BRF S.A.
Key Subjects Coated:
2. Analysis & Methodology
3. Government Abstract
4. Market Dynamics
4.1 Progress Drivers
5. GCC Nations Halal Meals and Beverage Market
6. Share Evaluation – GCC Nations Halal Meals and Beverage Market
6.1 By Product
6.2 By Distribution Channel
6.3 By Area
7. Product – GCC Nations Halal Meals and Beverage Market
7.1 Meat, Poultry and Sea meals
7.2 Dairy Merchandise
7.3 Cereals and Grain Based mostly Merchandise
7.4 Non-Dairy Drinks
7.5 Fruits, Greens and Nuts
8. Distribution Channel – GCC Nations Halal Meals and Beverage Market
8.1 Supermarkets and Hypermarkets
8.3 Comfort Retailer
8.4 Different Retail Codecs
9. Area – GCC Nations Halal Meals and Beverage Market
9.3 Saudi Arabia
10. Key Gamers Evaluation
10.1 Cargill inc.
10.1.1 Enterprise overview
10.1.2 Current Growth
10.1.3 Gross sales Evaluation
10.2.1 Enterprise overview
10.2.2 Current Growth
10.2.3 Gross sales Evaluation
10.3 Unilever Group
10.3.1 Enterprise overview
10.3.2 Current Growth
10.3.3 Gross sales Evaluation
10.4 BRF S.A.
10.4.1 Enterprise overview
10.4.2 Current Growth
10.4.3 Gross sales Evaluation
For extra details about this report go to https://www.researchandmarkets.com/r/k97mdx
- GCC Halal Meals and Beverage Market