Europe Halal Food Market Share, Revenue, Trends, Growth Drivers, CAGR Status, Challenges and Future Investment Opportunities Till 2033


Europe Halal Food Market Share, Revenue, Trends, Growth Drivers, CAGR Status, Challenges and Future Investment Opportunities Till 2033: SPER Market Research

 Category : Food & Beverages

 Published: Feb-2024
 Author: SPER Analyst

Europe Halal Foods and Beverages Market is projected to be worth USD 25.57 billion by 2033 and is anticipated to surge at a CAGR of 5.89%.  

"Permissible" is how the Arabic word "halal" is translated into English. The terms "halal" and "haram," which mean "forbidden," are contrasted throughout the Quran. The term "halal" is most commonly associated with food, beverages, and other things, however it covers much more than only Islamic dietary customs. For members of the Islamic community, preparing and consuming halal food has significant religious implications. Halal cuisine has grown in popularity among customers, both Muslim and non-Muslim, in the short term as it has evolved from a religious mark to ensure the safety and hygienic quality of food and beverage goods.

Europe Halal Foods and Beverages Market Driving Factors and Challenges
In restaurants and grocery stores all around the United Kingdom, halal food is becoming increasingly popular. This tendency can be ascribed to the nation's growing Muslim population as well as the growing interest of non-Muslim customers. Comprehensive analysis predicts that in response to this growing demand, halal goods sales would witness a significant upsurge. The country's awareness of halal certification has also grown significantly, and this is one of the main factors propelling the market's progress. The manufacturers have been attempting to alter every step of the value chain, from the development of new products and raw materials to the packaging and marketing of completed goods and the social media advertising that promotes the advantages of consuming these goods.

The European halal food and beverage industry faces a number of challenges that could prevent it from growing, just like any other industry. Factors such as cultural diversity, legal frameworks, consumer preferences, and economic conditions all contribute to these challenges. Europe's halal market is diverse, reflecting local differences in Muslim communities' tastes. The ignorance of non-Muslim customers regarding halal requirements is one of the main obstacles. Getting certified as halal and maintaining your certification may be challenging. It can be challenging to alter products to accommodate the diverse cultural preferences of the Muslim population in Europe. Integrating halal products into traditional retail stores and delivery networks is challenging.

Impact of COVID-19 on Europe Halal Foods and Beverages Market 
During the COVID-19 epidemic, there was a minor fall in the global halal food and beverage sector. The pandemic caused problems in international supply chains, which had an impact on where food was sourced and how it was distributed, especially Halal food. These disruptions were caused in part by lockdowns, limitations, and transit issues. Halal meat was also impacted by the significant drop in the consumption of red meat. However, in order to attract customers again in the market, the corporations concentrated on developing new items. The epidemic hastened the expansion of e-commerce, notably Halal food and beverage websites. Transparency and trust were given more importance; for example, customers looking for reassurance regarding the authenticity of Halal items found that clear labelling and halal certification were critically crucial.

Europe Halal Foods and Beverages Market Key Players
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Ferrero International SA, JAB Holding Company, KQF Foods, Nestle SA, Al Islami Foods, Tahira Foods Limited, Tariq Halal Meats and various others.

Europe Halal Foods and Beverages Market Segmentation:

By Product Type: Based on the Product Type, Europe Halal Foods and Beverages Market is segmented as; Halal Food, Halal Beverages, and Halal Supplements.

By Distribution Channel: Based on the Distribution Channel, Europe Halal Foods and Beverages Market is segmented as; Hypermarkets/Supermarkets, Specialty Stores, Convenience Stores, and Other Distribution Channels.

By Region: This research also includes data for France, Germany, Italy, Russia, Spain, United Kingdom, and Rest of Europe.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report

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