Europe Halal Food Market 2024-2032
According to IMARC Group's report titled "Europe Halal Food Market Report by Product (Meat, Poultry and Seafood, Fruits and Vegetables, Dairy Products, Cereals and Grains, Oil, Fats and Waxes, Confectionery, and Others), Distribution Channel (Traditional Retailers, Supermarkets and Hypermarkets, Online, and Others), and Country 2024-2032", the report presents a thorough review featuring the market share, growth, share, trends, and research of the industry.
How Big is the Europe Halal Food Industry?
The Europe halal food market size reached USD 370.05 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 657.77 Billion by 2032, exhibiting a growth rate (CAGR) of 6.20% during 2024-2032.
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Europe Halal Food Market Trends:
The growth of the Muslim population in the region Is the main factor boosting the halal market in Europe. In this context, more and more non-Muslims are entering the market thanks to increased understanding of the ethical, hygiene and quality aspects of halal foods. Also, such market drivers as the provision of halal food certification by the government, as well as the availability of halal foods in public institutions, are also strong drivers of the market growth.In addition, the increasing penetration of online retail and e-commerce platforms makes such offerings more appealing to a wider audience.
Besides, as the European countries become more multicultural, the demand for ethnic and halal food is on the rise, which further enhances the market. Besides, market expansion is also attributed to continuous technological advancements in food preparation techniques and availability of organic and plant sourced options. Apart from this, consumer awareness and overall demand in the markets for these products are further increased by intensive advertising and marketing campaigns of the most influential companies in the industries.
Europe Halal Food Market Scope and Growth Analysis:
The market scope covers a wide array of products such as meat, dairy, confectionary, beverages, and ready-to-eats ordained for Muslim and non-Muslim alike consumers. Due to the rising customers' value towards quality and ethically produced food items, the market scope is predicted to increase gradually. As per the market assessment, the recent trend of halal food being introduced in mainstream supermarkets and through food service channels is assisting in increasing demand for these products.
Moreover, the launch of new plant-based products that are halal-certified and organic, vegan, and gluten-free are extending the appeal of halal foods to health conscious consumers. The market scope, in addition, is extending due to the growing trend of halal tourism as restaurants and hotels are increasing their halal variations to suit international tourists. There is also continuous focus on investments in supply chain transparency and traceability which leaves the market scope open and will be mostly favorable to halal products penetration in the larger food sector.
Europe Halal Food Market Outlook and Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest Europe halal food market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.
Product Insights:
Distribution Channel Insights:
Country Insights:
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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