September 08, 2022 12:40 ET | Source: Straits Research Straits Research
New York, United States, Sept. 08, 2022 (GLOBE NEWSWIRE) -- halal meat is the meat slaughtered lawfully as indicated in the Quran. The market study entails market estimates and forecasts of the fresh as well as processed meat slaughtered lawfully from chicken, cows, buffalo sheep, goat, camel, rabbit, and Turkey. The halal meat market offers a range of compelling opportunities. Fascinatingly, in recent years, this progression has been driven not by Muslim-majority countries, but also by the multicultural populations of Southeast Asia and the Muslim migrations of Europe and North America.
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The rising need for new market opportunities at both the national and corporate level, coupled with increasing consumer awareness, has propelled the market growth. Nowadays, halal food outlets and offerings are established all across the world. Furthermore, merging of values with the natural-food movement and other eco-ethical initiatives has created a growing crossover opportunity for halal offerings to appeal to other niche markets within mainstream markets. With large numbers of the Islamic population and the growth of the economy, the demand for halal meat is increasing.
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It is anticipated that technological advancement and investment in the global halal industry will increase its market concentration. On account of this, manufacturers are aiming to develop highly pure and good taste halal meat. For instance, France’s new halal food testing technologies (pork test) and the halal detection Nano-sensor technology kit in Malaysia have upheld halal standards and quality. Manufacturing firms operating in this market are expanding their operations to capture the untapped market in emerging economies. For example, Al Islamic Foods, a halal food manufacturer based in Dubai, opened a new halal food factory in Brazil in 2016. Also, the firm entered into a strategic partnership with Mitsubishi Corporation to aid business growth and drive international expansion in April 2018.
New-fangled Halal industry segments protecting the integrity of the entire Halal value chain are appearing to important. Implementing blockchain technologies will help to resolve challenges regarding transparency in meat production, product traceability, and maintaining food health. For instance, in October 2019, Korea Telecom planned to develop a regional Halalal food traceability blockchain. According to the company, the program will streamline the identification of halal goods, which must be processed according to Islamic law. The telecommunications firm will collaborate with B-square Lab and the Korea Muslim Federation, with plans to include international halal verification groups. Block-chain will also assist in the production and registration of halal food goods, removing fake halal products, and enhancing customer trust. Blockchain adoption will be one of the key developments in the halal food industry that will have a positive influence on halal meat market growth
List of Top Key Halal Meat Manufacturers
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4.2 Value Chain Analysis: Halal Meat Market
4.4 Porter’s Five Forces Analysis
4.6 Forecast Factors & Relevance of Impact
4.15.1 Pre and Post Covid-19 Market Scenario Analysis
4.15.2 Market Recovery Timeline and Challenge
4.15.3 Measures Taken by Top Players
4.15.4 Quarterly Market Revenue and Growth Forecast till 2021
4.15.4.4 Central and South America and the Caribbean
4.15.4.5 The Middle East and Africa
5.1.1 Market Size & Forecast (Value & Volume)
5.2.1 Market Size & Forecast (Value & Volume)
5.3.1 Market Size & Forecast (Value & Volume)
6.1.1 Market Size & Forecast (Value & Volume)
6.3 Central and South America and the Caribbean
6.3.6 Rest of Central and South America and the Caribbean
6.6.8 The Rest Of Middle East
7 Competitive Landscape — Manufacturers & Suppliers
Table of Content and Figure @ https://straitsresearch.com/report/halal-meat-market/toc
Burgeoning Production and Consumption of Meat to Drive the Meat Packaging Market
Asia-Pacific to Grab the Lion’s Share in the Halal Cosmetic Market
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