The halal food market in US share will post an incremental growth of USD 9.33 billion, progressing at a CAGR of 5.62% during the forecast period. The symbol of healthy food will offer immense growth opportunities to market vendors. The halal food market in the US is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “Halal Food Market in the US by Product, End-user, and Distribution Channel - Forecast and Analysis 2022-2026” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus.
The halal food market in the US is segmented by product (MP and S, cereals and grains, FV and N, beverages, and other halal foods), end-user (retail and food service), and distribution channel (supermarkets and hypermarkets, traditional retailers, and others).
The growth of the halal food market size in the US by the halal meat, poultry, and seafood (MP and S) segment will be significant during the forecast period. The growth of the segment is attributed to the growing awareness about halal meats.
The symbol of healthy food will directly influence the sales of halal food in the US. In addition, the increased demand for convenience food is one of the major halal food market trends in the US that will positively impact the market growth. However, factors such as the threat from kosher foods will hamper the halal food market growth in the US.
The market is fragmented due to the presence of several players. Some of the major halal food market vendors in the US are Adams Candy Land, Al Safa Foods Canada Ltd., American Foods Group LLC, Barry Callebaut AG, Cargill Inc., Coleman Natural Foods LLC, Crescent Foods, Grecian Delight Kronos Foods, HALAL FARMS USA, Harim Holdings Co. Ltd., Harris Ranch Beef Co., Maati Inc., Midamar Corp., Nema Food Distribution Inc., Salwa Foods, SUKHIS GOURMET INDIAN FOOD, Tallgrass Beef, Texas Halal Corp., and The American Halal Co. Inc.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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Precise market size estimation during the forecast period 2022-2026.
CAGR of the halal food market in the US forecast during 2022-2026.
Market-level data on units, average selling prices, and values of the halal food market share in the US.
Prediction of the upcoming trends, drivers, and factors that challenge the growth of the halal food market in the US.
Halal food industry growth across the US.