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Halal Food Market in US by Product, End-user, and Distribution Channel - Forecast and Analysis 2020-2024

  • Published: Jun 2020
  • Pages: 120
  • SKU: IRTNTR44206
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The halal food market share in US is expected to increase by USD 8.17 billion from 2019 to 2024, and the market’s growth momentum will accelerate at a CAGR of 5%.

This halal food market in US research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers halal food market segmentation in US by product (halal meat, poultry, and seafood, halal cereals and grains, halal fruits, vegetables, and nuts, halal beverages, and other halal foods), distribution channel (supermarkets and hypermarkets, traditional retailers, and others), and end-user (retail and foodservice). The halal food market in US report also offers information on several market vendors, including Al Safa Foods Ltd., American Foods Group LLC , The American Halal Co. Inc., Barry Callebaut AG, Cargill Inc., Coleman Natural Foods LLC, Crescent Foods, Kronos Foods Corp., Midamar Corp., and Nema Food Distribution Inc. among others.

What will the Halal Food Market Size in US be During the Forecast Period?

Download the Free Report Sample to Unlock the Halal Food Market Size in US for the Forecast Period and Other Important Statistics

 

Halal Food Market in US: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing sales through retail channels is notably driving the halal food market growth in US, although factors such as threat from kosher foods may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the halal food industry in US. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Halal Food Market Driver in US

One of the key factors driving growth in the halal food market in US is the symbol of healthy food. Since halal animals are slaughtered, processed, and prepared according to strict Islamic dietary laws, these foods are considered healthy and hygienic when compared to non-halal foods. This has changed the outlook of non-Muslim consumers about the concept of halal foods. A small percent of the US population is of Muslims. However, the market for halal foods is still growing. This indicates the inclination of other community consumers toward halal foods. The increase in consumption is also the result of increasing health concerns about hygiene and health among consumers. The health benefits associated with halal is the main factor that is promoting the acceptance and demand for halal food among non-Muslims.

Key Halal Food Market Trend in US

The increased demand for convenience food is another factor supporting the halal food market share growth in US. Growing urbanization, hectic lifestyle, and large disposable income are some of the factors for the growing demand for convenience foods in the US. Added to this, improving lifestyle and rising disposable income of the Muslim population have also fueled the demand for halal convenience foods. These packed foods are made according to halal laws and regulations. The segment is becoming popular, especially among teenagers, working-class, and youth. Thus, many halal food manufacturers like American Halal Company (Saffron Road) have introduced different product varieties of convenience foods and packaged foods. Products like sliced polonies and sliced meat, frozen nuggets, appetizers, sauces, desserts, snacks, and other similar products have been introduced by different vendors. All these products are clearly labeled and certified as halal. The market for packaged halal foods has grown and is expected to grow despite few food contamination scandals and cases of packaged foods.

Key Halal Food Market Challenge in US

The threat from kosher foods will be a major challenge for the halal food market in US during the forecast period. Globally, halal food is more popular than kosher foods. However, in the US, kosher foods are more popular than halal foods. In the US, in 2019, the growth rate of kosher foods was much higher than that of halal foods. This is mainly because of the stringent dietary regulations maintained by kosher certification bodies like Orthodox Union (OU). Many supermarkets that operate in the US have dedicated shelves for kosher foods. Like, Walmart sells various types of kosher-labeled food products, including kosher meat, dairy, and pareve. Kosher hot dog is one of the most popular kosher dishes in the country. Thus, kosher foods have greater popularity and penetration than halal food. As a result, a number of manufacturers operating in the US are taking an interest in kosher foods more than halal, which can have a negative impact on the market's growth rate in the coming years.

This halal food market in US analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Parent Market Analysis

Technavio categorizes the halal food market in US as apart of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the halal food market in US during the forecast period.

Who are the Major Halal Food Market Vendors in US?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Al Safa Foods Ltd.
  • American Foods Group LLC 
  • The American Halal Co. Inc.
  • Barry Callebaut AG
  • Cargill Inc.
  • Coleman Natural Foods LLC
  • Crescent Foods
  • Kronos Foods Corp.
  • Midamar Corp.
  • Nema Food Distribution Inc.

 

This statistical study of the halal food market in US encompasses successful business strategies deployed by the key vendors. The halal food market in US is fragmented and the vendors are deploying growth strategies such as expansion of production plants and new product launch, to increase their productivity and strengthen their market positions to compete in the market.

Product Insights and News

  • Al Safa Foods Ltd - The company offers various food products such in different categories such as Deli, Ethnic, and others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The halal food market in US forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Halal Food Market in US Value Chain Analysis

Our report provides extensive information on the value chain analysis for the halal food market in US, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the packaged foods and meats market includes the following core components:

  • Inputs
  • Inbound logistics
  • Primary processing
  • Secondary and tertiary processing
  • Outbound logistics
  • End-customers
  • Marketing and sales
  • Service
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

What are the Revenue-generating Product Segments in the Halal Food Market in US?

To gain further insights on the market contribution of various segments Request for a FREE sample

The halal food market share growth in US by the halal meat,poultry, and seafood segment will be significant during the forecast period. Halal meat is considered healthier meat than other meat (except kosher meat). This is because the blood of the animals is drained out of their body because animal blood might contain bacteria and toxins that can spread across the animal body (carcass) once it dies. Growing awareness about halal meats is driving the market demand.

This report provides an accurate prediction of the contribution of all the segments to the growth of the halal food market size in US and actionable market insights on post COVID-19 impact on each segment.

 

Halal Food Market Scope in US

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 5%

Market growth 2020-2024

$ 8.17 billion

Market structure

Fragmented

YoY growth (%)

2.96

Regional analysis

US 

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Al Safa Foods Ltd., American Foods Group LLC , The American Halal Co. Inc., Barry Callebaut AG, Cargill Inc., Coleman Natural Foods LLC, Crescent Foods, Kronos Foods Corp., Midamar Corp., and Nema Food Distribution Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Halal Food Market in US Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive halal food marke growtht in US during the next five years
  • Precise estimation of the halal food market size in US and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the halal food industry in US
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of halal food market vendors in US

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024

    Five Forces Analysis

    • Five forces analysis
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Halal cereals and grains - Market size and forecast 2019-2024
    • Halal beverages - Market size and forecast 2019-2024
    • Other halal foods - Market size and forecast 2019-2024
    • Market opportunity by Product

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Retail - Market size and forecast 2019-2024
    • Foodservice - Market size and forecast 2019-2024
    • Market opportunity by End-user

    Market Segmentation by Distribution channel

    • Market segments

    Customer Landscape

    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Competitive scenario
    • Vendor landscape
    • Landscape disruption
    • Industry risks

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Al Safa Foods Ltd.
    • American Foods Group LLC 
    • The American Halal Co. Inc.
    • Barry Callebaut AG
    • Cargill Inc.
    • Coleman Natural Foods LLC
    • Crescent Foods
    • Kronos Foods Corp.
    • Midamar Corp.
    • Nema Food Distribution Inc.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The halal food market growth will increase by $8.17 billion during 2019-2024.
    The halal food market is expected to grow at a CAGR of 5.49% during 2019-2024.
    Technavio has segmented the halal food market by product (Halal meat, poultry, and seafood, Halal cereals and grains, Halal fruits, vegetables, and nuts, Halal beverages, and Other halal foods) ,end user (Retail and Foodservice) , and distribution channel (Supermarkets and hypermarkets, Traditional retailers, and Others).
    Al Safa Foods Ltd., American Foods Group LLC , The American Halal Co. Inc., Barry Callebaut AG, Cargill Inc., Coleman Natural Foods LLC, Crescent Foods, Kronos Foods Corp., Midamar Corp., Nema Food Distribution Inc. are a few of the key vendors in the halal food market.
    US will register the highest growth rate of 60.34% among the other regions. Therefore, the halal food market in US is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the halal food market growth are:
    • Symbol of healthy food
    The halal food market vendors should focus on grabbing business opportunities from the halal meat, poultry, and seafood segment as it accounted for the largest market share in the base year.
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