Sponsored

  • Unlock the power of data with Macgence! 🚀 Explore our vast collection of readymade datasets, meticulously curated to fuel your analytics and drive business success. 📊🔍 No more hassles, just instant access to high-quality data at your fingertips. 🌐 Elevate your decision-making with Macgence's comprehensive datasets tailored for your industry. From market trends to consumer behavior, we've got you covered. 💡📈 Stay ahead of the curve and make informed choices with Macgence's readymade datasets. 🚀📊 #Macgence #DataAnalytics #ReadymadeDatasets #BusinessInsights #InformedDecisions #DataDrivenSuccess

    For more info: - https://data.macgence.com/
    Unlock the power of data with Macgence! 🚀 Explore our vast collection of readymade datasets, meticulously curated to fuel your analytics and drive business success. 📊🔍 No more hassles, just instant access to high-quality data at your fingertips. 🌐 Elevate your decision-making with Macgence's comprehensive datasets tailored for your industry. From market trends to consumer behavior, we've got you covered. 💡📈 Stay ahead of the curve and make informed choices with Macgence's readymade datasets. 🚀📊 #Macgence #DataAnalytics #ReadymadeDatasets #BusinessInsights #InformedDecisions #DataDrivenSuccess For more info: - https://data.macgence.com/
    0 Comments 0 Shares
  • CoinMarketCap is a widely used platform that provides real-time information about cryptocurrency prices, market capitalization, trading volumes, and other relevant data. It serves as a comprehensive resource for enthusiasts, investors, and researchers in the cryptocurrency space. Users can track the performance of thousands of cryptocurrencies, gain insights into market trends, and stay informed about the latest developments in the rapidly evolving world of digital assets.
    http://coinnmarketcaps.com/
    CoinMarketCap is a widely used platform that provides real-time information about cryptocurrency prices, market capitalization, trading volumes, and other relevant data. It serves as a comprehensive resource for enthusiasts, investors, and researchers in the cryptocurrency space. Users can track the performance of thousands of cryptocurrencies, gain insights into market trends, and stay informed about the latest developments in the rapidly evolving world of digital assets. http://coinnmarketcaps.com/
    COINNMARKETCAPS.COM
    CoinMarketCap - Cryptocurrency Rankings and Live Market Data
    CoinMarketCap offers a wealth of information, including live prices, historical data, and market analysis, empowering you to thrive in the evolving digital asset landscape.
    0 Comments 0 Shares
  • Functional Water Market Trends and Dynamics By 2028
    The global functional water market size was USD 12.86 billion in 2020 and is projected to grow from USD 13.80 billion in 2021 to USD 22.97 billion in 2028 at a CAGR of 7.55% during 2021-2028.

    Source Link :

    https://www.fortunebusinessinsights.com/industry-reports/functional-water-market-100279
    Functional Water Market Trends and Dynamics By 2028 The global functional water market size was USD 12.86 billion in 2020 and is projected to grow from USD 13.80 billion in 2021 to USD 22.97 billion in 2028 at a CAGR of 7.55% during 2021-2028. Source Link : https://www.fortunebusinessinsights.com/industry-reports/functional-water-market-100279
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Functional Water Market Size & Share | Growth Report [2028]
    The global functional water market is likely to grow from $13.80 billion in 2021 to $22.97 billion in 2028 at a CAGR of 7.55% in forecast period, 2021-2028
    0 Comments 0 Shares
  • Pasta Market Trends, Size, Share and Global Forecast by 2030

    The global pasta market size was USD 66.36 billion in 2022. The market is projected to grow from USD 68.35 billion in 2023 to USD 99.24 billion by 2030, exhibiting a CAGR of 5.47% during the forecast period 2023-2030.

    Pasta is a largely consumed, easy-to-make, and an affordable food product. The increasing and regular evolution of pasta propels the pasta market growth during the forecast period. The rising demand for instant food products, such as pasta and Western food culture adoption, is driving the market growth during the forecast period.

    Fortune Business Insights™ mentioned this in a report titled “Pasta Market, 2023-2030.”

    Segments-

    Rising Dried Products Consumption to Propel Segment Growth

    By product type, the market is segmented into dried, chilled, and canned. The dried segment is expected to dominate the market during the forecast period. The segment's growth is attributed to increasing consumption of dried products globally. The shelf life of dried products is also more than chilled and canned products.

    Rising Need for Wheat Products to Boost Segment Growth

    Based on raw material, the market is classified into wheat and gluten-free. The wheat segment is estimated to dominate the market during the forecast period due to the increasing need for wheat products globally. The availability of products in different shapes and sizes also drives segment growth during the forecast period.

    Growing Accessibility of Products to Drive Segment Growth for Supermarkets/Hypermarkets

    By distribution channel, the market is divided into supermarkets/hypermarkets, convenience stores, online stores, and others. The supermarkets/hypermarkets will dominate the market during the forecast period owing to increasing availability and convenience of choosing the products from various options.

    Geographically, the market is studied across North America, Europe, Asia Pacific, South America, the Middle East & Africa.

    Drivers & Restraints-

    Rising Consumer Interest toward Western Cuisine to Propel Market Growth

    The pasta market is estimated to grow during the forecast period due to consumers' rising interest in Western cuisine in Asian countries. The rapid increase in cooking various and artistic recipes will boost significant growth post-pandemic. During the pandemic, the rising consumption in countries, including France, Germany, the U.S., and Italy, propelled the market growth.

    Regional Insights-

    Growing Demand for Product to Boost Market Growth in Europe

    Europe is estimated to hold the largest pasta market share during the forecast period. The growth is attributed to the increasing product demand in the region. Europe will also be the dominating region due to the launch of new varieties of gluten-free products in various shapes and forms.

    Asia Pacific is expected to have the fastest growth rate during the forecast period due to the rising adoption of Western diets in the region.

    Competitive Landscape-

    Rising New Product Launches to Aid Market Growth

    The market has several players, including Ebro Foods, S.A., Barilla G.e.R.F.lli S.p.A., and Campbell Soup Company. These major market players are adopting strategies to launch new products to maintain their market position. The companies are manufacturing products that are gluten-free to attract health-conscious consumers.

    Notable Industry Development

    September 2021 – Barilla, an Italy-based pasta producer, expands its gluten-free product line made from chickpea flour.
    List of Key Players Present in the Report:

    Barilla G. e R. F.lli S.p.A. (Italy)
    Ebro Foods, S.A. (Spain)
    CAMPBELL SOUP COMPANY (U.S.)
    TreeHouse Foods, Inc. (U.S.)
    Unilever (U.K.)
    The Kraft Heinz Company (U.S.)
    BORGES INTERNATIONAL GROUP (Spain)
    Nestlé (Switzerland)
    F.lli De Cecco di Filippo S.p.A (Italy)
    Armanino Foods of Distinction (U.S.)
    Browse In-depth Summary of This Research Insight:

    https://www.fortunebusinessinsights.com/pasta-market-102284
    Pasta Market Trends, Size, Share and Global Forecast by 2030 The global pasta market size was USD 66.36 billion in 2022. The market is projected to grow from USD 68.35 billion in 2023 to USD 99.24 billion by 2030, exhibiting a CAGR of 5.47% during the forecast period 2023-2030. Pasta is a largely consumed, easy-to-make, and an affordable food product. The increasing and regular evolution of pasta propels the pasta market growth during the forecast period. The rising demand for instant food products, such as pasta and Western food culture adoption, is driving the market growth during the forecast period. Fortune Business Insights™ mentioned this in a report titled “Pasta Market, 2023-2030.” Segments- Rising Dried Products Consumption to Propel Segment Growth By product type, the market is segmented into dried, chilled, and canned. The dried segment is expected to dominate the market during the forecast period. The segment's growth is attributed to increasing consumption of dried products globally. The shelf life of dried products is also more than chilled and canned products. Rising Need for Wheat Products to Boost Segment Growth Based on raw material, the market is classified into wheat and gluten-free. The wheat segment is estimated to dominate the market during the forecast period due to the increasing need for wheat products globally. The availability of products in different shapes and sizes also drives segment growth during the forecast period. Growing Accessibility of Products to Drive Segment Growth for Supermarkets/Hypermarkets By distribution channel, the market is divided into supermarkets/hypermarkets, convenience stores, online stores, and others. The supermarkets/hypermarkets will dominate the market during the forecast period owing to increasing availability and convenience of choosing the products from various options. Geographically, the market is studied across North America, Europe, Asia Pacific, South America, the Middle East & Africa. Drivers & Restraints- Rising Consumer Interest toward Western Cuisine to Propel Market Growth The pasta market is estimated to grow during the forecast period due to consumers' rising interest in Western cuisine in Asian countries. The rapid increase in cooking various and artistic recipes will boost significant growth post-pandemic. During the pandemic, the rising consumption in countries, including France, Germany, the U.S., and Italy, propelled the market growth. Regional Insights- Growing Demand for Product to Boost Market Growth in Europe Europe is estimated to hold the largest pasta market share during the forecast period. The growth is attributed to the increasing product demand in the region. Europe will also be the dominating region due to the launch of new varieties of gluten-free products in various shapes and forms. Asia Pacific is expected to have the fastest growth rate during the forecast period due to the rising adoption of Western diets in the region. Competitive Landscape- Rising New Product Launches to Aid Market Growth The market has several players, including Ebro Foods, S.A., Barilla G.e.R.F.lli S.p.A., and Campbell Soup Company. These major market players are adopting strategies to launch new products to maintain their market position. The companies are manufacturing products that are gluten-free to attract health-conscious consumers. Notable Industry Development September 2021 – Barilla, an Italy-based pasta producer, expands its gluten-free product line made from chickpea flour. List of Key Players Present in the Report: Barilla G. e R. F.lli S.p.A. (Italy) Ebro Foods, S.A. (Spain) CAMPBELL SOUP COMPANY (U.S.) TreeHouse Foods, Inc. (U.S.) Unilever (U.K.) The Kraft Heinz Company (U.S.) BORGES INTERNATIONAL GROUP (Spain) Nestlé (Switzerland) F.lli De Cecco di Filippo S.p.A (Italy) Armanino Foods of Distinction (U.S.) Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/pasta-market-102284
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Pasta Market Size, Share, Forecast | Industry Growth [2030]
    The global pasta market size was $66.36 billion in 2022 & is projected to grow from $68.35 billion in 2023 to $99.24 billion by 2030, at a CAGR of 5.47%
    0 Comments 0 Shares
  • Sunflower Oil Market Trends and Dynamics By 2028
    The global sunflower oil market size was USD 18.50 billion in 2020 and is projected to grow from USD 19.53 billion in 2021 to USD 29.59 billion in 2028 at a CAGR of 6.12% in the 2021-2028 period.

    Source Link :

    https://www.fortunebusinessinsights.com/industry-reports/sunflower-oil-market-101480
    Sunflower Oil Market Trends and Dynamics By 2028 The global sunflower oil market size was USD 18.50 billion in 2020 and is projected to grow from USD 19.53 billion in 2021 to USD 29.59 billion in 2028 at a CAGR of 6.12% in the 2021-2028 period. Source Link : https://www.fortunebusinessinsights.com/industry-reports/sunflower-oil-market-101480
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Sunflower Oil Market Size, Report | Industry Trends [2021-2028]
    The global sunflower oil market is projected to grow from $19.53 billion in 2021 to $29.59 billion in 2028 at a CAGR of 6.12% in the forecast period, 2021-2028
    0 Comments 0 Shares
  • Savory Ingredients Market Trends and Dynamics By 2026
    The global savory ingredients market size was valued at USD 7.25 billion in 2018, is projected to reach USD 11.94 billion by the end of 2026, exhibiting a CAGR of 6.65% in the forecast period.

    Source Link :

    https://www.fortunebusinessinsights.com/industry-reports/savory-ingredients-market-100256
    Savory Ingredients Market Trends and Dynamics By 2026 The global savory ingredients market size was valued at USD 7.25 billion in 2018, is projected to reach USD 11.94 billion by the end of 2026, exhibiting a CAGR of 6.65% in the forecast period. Source Link : https://www.fortunebusinessinsights.com/industry-reports/savory-ingredients-market-100256
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Savory Ingredients Market Size, Global Share, Analysis, Forecast, 2032
    The global savory ingredients market size was valued at USD 7.25 billion in 2018, is projected to reach USD 11.94 billion by the end of 2026, exhibiting a CAGR of 6.65% in the forecast period.
    0 Comments 0 Shares
  • Apiculture Market Trends, Demand and Regional Forecast by 2030

    The apiculture market size stood at USD 10.58 billion in 2022 and is anticipated to increase from USD 11.15 billion in 2023 to USD 16.48 billion by 2030, registering a CAGR of 5.75% from 2023 to 2030.

    Several commercial and scientific procedures are used to nurture and culture honeybees. Apiculture also known as beekeeping is anticipated to witness rapid growth during the forecast period. The rapid expansion of the health-conscious trend and favorable governmental support are the key factors driving the demand for beekeeping products.

    Leading Players Featured in the Research Report:

    Companies leading the apiculture market are Capilano Honey Ltd. (Australia), Organic Bee Farms (U.S.), Dabur Ltd. (India), NOW Foods (U.S.), Koster Keunen LLC (U.S.), Barkman Honey (U.S.), Heavenly Organics (U.S.), Strahl & Pitsch Inc., (U.S.), Miller’s Honey (U.S.), Durham’s Bee Farm (U.S.), and more.

    COVID-19 Impact:

    Increased Demand for Bee Products owing to their Well-known Properties amid Pandemic Fostered Market Growth

    The coronavirus pandemic favored the apiculture market growth. Increased demand for bee products owing to their well-known properties propelled market expansion during pandemic. Market growth amid the pandemic was attributed to the rapid consumption of honey by consumers as a superfood.

    Segmentation

    Growing Demand for Honey in the Food and Beverage Industry Augmented Segment Growth

    Based on type, the market is divided into beeswax, honey, and royal jelly. The honey segment accounted for the largest apiculture market share in 2022. Surging consumer preference for natural sweeteners over artificial sweeteners is boosting consumption of honey. The increasing need for honey-based products is enhancing segment expansion.

    Food & Beverage Segment Takes the Lead due to Surging Need for Bee Products in Culinary Preparations

    By application, the market is fragmented into pharmaceuticals, personal care & cosmetics, food & beverage, and others. The food & beverage segment is dominating the global market owing to the increasing need for bee products in culinary preparations. Growing demand for bee products as an ingredient to topping or spreads on food products and increasing usage of honey in recipes to improve the nutritional value of products are the key factors assisting segment expansion.

    Drivers and Restraints

    Favorable Government Support to Boost Awareness about Apiculture By-products to Propel Market Growth

    The apiculture industry is gaining traction in both developed and developing countries by supplying valuable and nutritional products for several industries. Market growth is driven by a rise in favorable government support to boost awareness about the health advantages of apiculture by-products. An increase in digital media influence is encouraging consumers to use such products. Hence, governments are implementing various strategies that are expected to boost market growth over the projected period.

    However, the availability of counterfeit products is hampering market expansion.

    Regional Insights

    Asia Pacific Dominates Due to Presence of Prominent Honey Producers and Suppliers

    Asia Pacific accounts for a 35.52% share of the global market. China and India are the largest producers and suppliers of honey. Market growth in the region is attributed to rising disposable income, product introductions, and rapid expansion of manufacturing units.

    Europe is the second dominant market, which registered strong growth. Increasing health awareness and the wide presence of leading companies are driving market growth in the region. Increased bee production due to a rise in commercially raised bees is supporting market expansion in the region.

    Browse Detailed Summary of Research Report with TOC:

    https://www.fortunebusinessinsights.com/apiculture-market-108593
    Apiculture Market Trends, Demand and Regional Forecast by 2030 The apiculture market size stood at USD 10.58 billion in 2022 and is anticipated to increase from USD 11.15 billion in 2023 to USD 16.48 billion by 2030, registering a CAGR of 5.75% from 2023 to 2030. Several commercial and scientific procedures are used to nurture and culture honeybees. Apiculture also known as beekeeping is anticipated to witness rapid growth during the forecast period. The rapid expansion of the health-conscious trend and favorable governmental support are the key factors driving the demand for beekeeping products. Leading Players Featured in the Research Report: Companies leading the apiculture market are Capilano Honey Ltd. (Australia), Organic Bee Farms (U.S.), Dabur Ltd. (India), NOW Foods (U.S.), Koster Keunen LLC (U.S.), Barkman Honey (U.S.), Heavenly Organics (U.S.), Strahl & Pitsch Inc., (U.S.), Miller’s Honey (U.S.), Durham’s Bee Farm (U.S.), and more. COVID-19 Impact: Increased Demand for Bee Products owing to their Well-known Properties amid Pandemic Fostered Market Growth The coronavirus pandemic favored the apiculture market growth. Increased demand for bee products owing to their well-known properties propelled market expansion during pandemic. Market growth amid the pandemic was attributed to the rapid consumption of honey by consumers as a superfood. Segmentation Growing Demand for Honey in the Food and Beverage Industry Augmented Segment Growth Based on type, the market is divided into beeswax, honey, and royal jelly. The honey segment accounted for the largest apiculture market share in 2022. Surging consumer preference for natural sweeteners over artificial sweeteners is boosting consumption of honey. The increasing need for honey-based products is enhancing segment expansion. Food & Beverage Segment Takes the Lead due to Surging Need for Bee Products in Culinary Preparations By application, the market is fragmented into pharmaceuticals, personal care & cosmetics, food & beverage, and others. The food & beverage segment is dominating the global market owing to the increasing need for bee products in culinary preparations. Growing demand for bee products as an ingredient to topping or spreads on food products and increasing usage of honey in recipes to improve the nutritional value of products are the key factors assisting segment expansion. Drivers and Restraints Favorable Government Support to Boost Awareness about Apiculture By-products to Propel Market Growth The apiculture industry is gaining traction in both developed and developing countries by supplying valuable and nutritional products for several industries. Market growth is driven by a rise in favorable government support to boost awareness about the health advantages of apiculture by-products. An increase in digital media influence is encouraging consumers to use such products. Hence, governments are implementing various strategies that are expected to boost market growth over the projected period. However, the availability of counterfeit products is hampering market expansion. Regional Insights Asia Pacific Dominates Due to Presence of Prominent Honey Producers and Suppliers Asia Pacific accounts for a 35.52% share of the global market. China and India are the largest producers and suppliers of honey. Market growth in the region is attributed to rising disposable income, product introductions, and rapid expansion of manufacturing units. Europe is the second dominant market, which registered strong growth. Increasing health awareness and the wide presence of leading companies are driving market growth in the region. Increased bee production due to a rise in commercially raised bees is supporting market expansion in the region. Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/apiculture-market-108593
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Apiculture Market Size, Share, Trends | Growth Analysis [2030]
    The apiculture market size is projected to grow from $11.15 billion in 2023 to $16.48 billion by 2030, at a CAGR of 5.75% during the forecast period
    0 Comments 0 Shares
  • Food Colors Market Trends and Dynamics By 2026
    The global food colors market size was USD 2.55 billion in 2018 and is projected to reach USD 4.77 billion by 2026, exhibiting a CAGR of 8.19% during the forecast period.

    Source Link :

    https://www.fortunebusinessinsights.com/food-colors-market-102644
    Food Colors Market Trends and Dynamics By 2026 The global food colors market size was USD 2.55 billion in 2018 and is projected to reach USD 4.77 billion by 2026, exhibiting a CAGR of 8.19% during the forecast period. Source Link : https://www.fortunebusinessinsights.com/food-colors-market-102644
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Food Colors Market Size, Share, Growth Rate, Global Industry Report, 2030
    The global food colors market size was USD 2.55 billion in 2018 and is projected to reach USD 4.77 billion by 2026, exhibiting a CAGR of 8.19% during the forecast period.
    0 Comments 0 Shares
  • Mushroom Market Trends and Dynamics By 2028
    The global mushroom market size was 14.35 million tonnes in 2020. The market is projected to grow from 15.25 million tonnes in 2021 to 24.05 million tonnes in 2028 at a CAGR of 6.74% during the 2021-2028 period.

    Source Link :

    https://www.fortunebusinessinsights.com/industry-reports/mushroom-market-100197

    Mushroom Market Trends and Dynamics By 2028 The global mushroom market size was 14.35 million tonnes in 2020. The market is projected to grow from 15.25 million tonnes in 2021 to 24.05 million tonnes in 2028 at a CAGR of 6.74% during the 2021-2028 period. Source Link : https://www.fortunebusinessinsights.com/industry-reports/mushroom-market-100197
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Mushroom Market Size, Growth, Share | Global Analysis [2028]
    The global mushroom market is projected to grow from 15.25 million tonnes in 2021 to 24.05 million tonnes in 2028 at a CAGR of 6.74% in forecast period
    0 Comments 0 Shares
  • Halal Food and Beverages Market Trends, Segmentation, Regional Demand and Forecast by 2028

    The global halal food and beverages market size was USD 1.96 trillion in 2020. The market is projected to grow from USD 2.09 trillion in 2021 to USD 3.27 trillion by 2028, exhibiting a CAGR of 6.56% during the forecast period of 2021-2028.

    Fortune Business Insights™ provides this information in its report, titled, “Halal Food and Beverages Market, 2021-2028.” According to our researchers, the growing Islamic population across the globe coupled with the rising consumer worries concerning food safety, superiority, and animal brutality have substantially upsurged the demand for halal food & beverages. Moreover, the constantly extending distribution network and the assessment in customer buying configurations are projected to further power the global market in the forthcoming years.

    Commotion in Supply Chain to Hinder Market Growth amid COVID-19 Crisis

    The preliminary months of the COVID-19 pandemic had disturbed all stages in the supply chain cycle of the halal food and beverage industry. The prominent manufacturers in Islamic and non-Islamic nations registered a decline in the workforce which considerably impacted the production ability. Additionally, the strike in demand for retail products such as pre-cooked and ready-to-eat meat products too adversely influenced the industry.

    The affirmative progression in the customer's preferences for halal products owing to their welfare and superiority is estimated to drive the halal food and beverages market growth in the foreseeable future.

    Report Coverage

    We have implemented a unique research approach comprising statistics triangulation based on the famous bottom-up and top-down approaches. Our researchers have led thorough primary research to verify the estimated size of the halal food and beverages industry. The data utilized to portray the shares for multiple national, regional, and global segments is extracted from comprehensive interviews with various stakeholders. Our analysts have also derived information from paid databases, industry journals, SEC filings, and many other similar resources.

    Segmentation

    By Product, the global market is segregated into meat, poultry & seafood, dairy products, cereal & grain-based products, non-dairy beverages, fruits, vegetables & nuts. By distribution channel, the market is divided into traditional retailers, supermarkets/hypermarkets, online retail, and others. Geographically, the market is classified into North America, Europe, Asia Pacific, South America, and the Middle East & Africa

    Drivers and Restraints

    Increasing Islamic Population & Moving Customer Responsiveness to Fuel Market Growth

    Islam is the quickest-growing religion globally, which affirmatively impacts the global demand for halal food & beverage products. As per the latest record declared by the Government of Saudi Arabia, the global Muslim population signifies about 28.26% of the total world population.

    Additionally, the rising consciousness among the Muslim population concerning the requirement and inevitability to ingest only halal food predominantly powers the growth of the global market. Moreover, the growing dispensable revenue levels of the Islamic population are further anticipated to thrust the market growth during the upcoming years.

    Regional Insights

    Asia Pacific held the maximum halal food and beverages market share and was valued USD 1.20 trillion in 2020. The largest Islamic population is focused in the Asia Pacific region as the four biggest nations in terms of the Muslim population are situated on this continent, comprising India, Indonesia, Pakistan, and Bangladesh.

    The Middle East and Africa have huge latent for the market growth as the customers in this region are principally Muslim with increasing per capita revenues.

    Europe is observing significant growth in the market. Surging flexible incomes coupled with a rising Muslim population is estimated to elevate the demand for halal products.

    Competitive Landscape

    The major players such as Cargill, Inc., Nestle S.A., and Unilever are fixated on novel product improvements, collaborations, and procurements to associate the market. The advent of small-scale companies in this market expressively donates to the competition occurring within the market, which has an optmistic influence on the market's growth.

    Browse In-depth Summary of This Research Insight:

    https://www.fortunebusinessinsights.com/halal-food-and-beverages-market-106186
    Halal Food and Beverages Market Trends, Segmentation, Regional Demand and Forecast by 2028 The global halal food and beverages market size was USD 1.96 trillion in 2020. The market is projected to grow from USD 2.09 trillion in 2021 to USD 3.27 trillion by 2028, exhibiting a CAGR of 6.56% during the forecast period of 2021-2028. Fortune Business Insights™ provides this information in its report, titled, “Halal Food and Beverages Market, 2021-2028.” According to our researchers, the growing Islamic population across the globe coupled with the rising consumer worries concerning food safety, superiority, and animal brutality have substantially upsurged the demand for halal food & beverages. Moreover, the constantly extending distribution network and the assessment in customer buying configurations are projected to further power the global market in the forthcoming years. Commotion in Supply Chain to Hinder Market Growth amid COVID-19 Crisis The preliminary months of the COVID-19 pandemic had disturbed all stages in the supply chain cycle of the halal food and beverage industry. The prominent manufacturers in Islamic and non-Islamic nations registered a decline in the workforce which considerably impacted the production ability. Additionally, the strike in demand for retail products such as pre-cooked and ready-to-eat meat products too adversely influenced the industry. The affirmative progression in the customer's preferences for halal products owing to their welfare and superiority is estimated to drive the halal food and beverages market growth in the foreseeable future. Report Coverage We have implemented a unique research approach comprising statistics triangulation based on the famous bottom-up and top-down approaches. Our researchers have led thorough primary research to verify the estimated size of the halal food and beverages industry. The data utilized to portray the shares for multiple national, regional, and global segments is extracted from comprehensive interviews with various stakeholders. Our analysts have also derived information from paid databases, industry journals, SEC filings, and many other similar resources. Segmentation By Product, the global market is segregated into meat, poultry & seafood, dairy products, cereal & grain-based products, non-dairy beverages, fruits, vegetables & nuts. By distribution channel, the market is divided into traditional retailers, supermarkets/hypermarkets, online retail, and others. Geographically, the market is classified into North America, Europe, Asia Pacific, South America, and the Middle East & Africa Drivers and Restraints Increasing Islamic Population & Moving Customer Responsiveness to Fuel Market Growth Islam is the quickest-growing religion globally, which affirmatively impacts the global demand for halal food & beverage products. As per the latest record declared by the Government of Saudi Arabia, the global Muslim population signifies about 28.26% of the total world population. Additionally, the rising consciousness among the Muslim population concerning the requirement and inevitability to ingest only halal food predominantly powers the growth of the global market. Moreover, the growing dispensable revenue levels of the Islamic population are further anticipated to thrust the market growth during the upcoming years. Regional Insights Asia Pacific held the maximum halal food and beverages market share and was valued USD 1.20 trillion in 2020. The largest Islamic population is focused in the Asia Pacific region as the four biggest nations in terms of the Muslim population are situated on this continent, comprising India, Indonesia, Pakistan, and Bangladesh. The Middle East and Africa have huge latent for the market growth as the customers in this region are principally Muslim with increasing per capita revenues. Europe is observing significant growth in the market. Surging flexible incomes coupled with a rising Muslim population is estimated to elevate the demand for halal products. Competitive Landscape The major players such as Cargill, Inc., Nestle S.A., and Unilever are fixated on novel product improvements, collaborations, and procurements to associate the market. The advent of small-scale companies in this market expressively donates to the competition occurring within the market, which has an optmistic influence on the market's growth. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/halal-food-and-beverages-market-106186
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Halal Food and Beverages Market Size, Growth | Report [2028]
    The global halal food and beverages market is projected to grow from $2.09 trillion in 2021 to $3.27 trillion by 2028, exhibiting a CAGR of 6.56%
    0 Comments 0 Shares
More Results
Sponsored

Sponsored


Don't forget, ads time: PentaVerge | AQU | Debwan | ICICTE | Nasseej | ESol | OUST | CorpSNet | PoemsBook | TopDeals | TheReaderView