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GCC Halal Food Products Market Report 2022-2028

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects the size of GCC halal food products market to grow at a CAGR of 5.3% during the forecast period between 2022 and 2028.

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GCC Halal Food Products Market Report 2022-2028

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  1. GCC Halal Food Products MarketTrend Analysis, Competitive Landscape & Forecast, 2022–2028

  2. GCC Halal Food Products Market - Industry Trends & Forecast Report, 2028 BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects the size of GCC halal food products market to grow at a CAGR of 5.3% during the forecast period between 2022 and 2028. BlueWeave forecasts GCC halal food products market size to reach a value of USD 78.2 billion by 2028. The large Muslim population in the GCC region, which adheres to Islamic Sariah norms as part of their religious beliefs, is primarily driving the demand for halal food products. The GCC halal food products market growth is also being driven by the stringent regulatory frameworks that include mandatory halal labeling and certification rules for food and beverages in the region.

  3. Growth Drivers Large presence of Muslim population A sizable Muslim population across GCC countries, which adheres to Islamic shariah laws as part of their religious convictions, is responsible for the rising halal food consumption. GCC halal food products market is growing significantly because of the growing awareness among non-Muslim communities of the benefits provided by halal food products, including safety, hygiene, better taste, high nutritional value, and tender and hormone- and stress-free meat. Sample Copy of the Report: https://www.blueweaveconsulting.com/report/gcc-halal-food-products-market/report-sample

  4. Impact of COVID-19 The GCC halal food products industry was impacted by the disruption of the food supply chain brought on by the rapid spread of COVID-19. Leading manufacturers experienced labor shortages and disruptions in the import and export of halal food, which had a significant impact on the food's quality to be consumed and sold. The industry was also negatively impacted by the slowdown in demand for meat products brought on by safety and hygiene worries during the pandemic. However, GCC halal food products market is expected to grow during the forecast period due to growing consumer preference for wholesome and secure food.

  5. GCC Halal Food Products Market- By Region Geographically, GCC halal food products market covers major Gulf countries including Saudi Arabia, UAE, Qatar, Kuwait, Oman, and Bahrain. Saudi Arabia, being the largest country in the region and with major population following Sharia laws, holds the highest market share in GCC halal food products market. During the forecast period, Saudi Arabia is expected to continue its dominance in the market.

  6. Competitive Landscape GCC halal food products market is fiercely competitive. Prominent players in the market include Al Kabeer Group ME, Al Rawdah Foods, Al Islami Foods, Al-Falah Supermarket, American Halal Company Inc., BRF Global (SadiaHalal), Nestle S.A., Podravka Gulf FZE, JM Foods LLC, and Seara Foods Middle East. These market leaders use key strategies, such as new product and service launches, mergers and acquisitions, partnerships, collaborations, and joint ventures. To further grow their market share, these companies are also focusing on investing in innovations and expansions.

  7. Recent Developments In October 2022, the Arab Brazilian Chamber of Commerce (ABCC) and the Brazilian Trade and Investment Promotion Agency (ApexBrasil) entered into an agreement to promote and boost the exports of halal products from Brazil to gulf countries. In 2019, Saudi Arabia expanded its mandated halal certification to include imported frozen and chilled meals, milk, confectionary, long-life products, and dairy products, as well as fats and oils.

  8. Key Players Al Kabeer Group ME, Al Rawdah Foods, Al Islami Foods, Al-Falah Supermarket, American Halal Company Inc., BRF Global (SadiaHalal), Nestle S.A., Podravka Gulf FZE, JM Foods LLC, Seara Foods Middle East

  9. About Us: Blueweave Consulting offers a one-stop solution for your market intelligence needs for any service or product. You get well-researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well-informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk-return trade-off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavors successful.

  10. Contact Us:  +1 866 658 6826 +1 425 320 4776 +44 1865 60 0662  info(@)blueweaveconsulting.com  www.blueweaveconsulting.com

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