Global Halal Food Market Forecast to Reach USD 1.7 Billion by 2027: Renub Research

According to a report published by Renub Research in August 2021 titled "Halal Food Market, Global Forecast, Impact of COVID-19, Industry Trends, by Product, Distribution Channel, Growth, Opportunity Company Analysis", the global Halal food market size was valued at USD 842.39 million in 2020 and is anticipated to grow at a continuous annual growth rate of 10.83% during 2020-2027 to USD 1.7 billion by 2027.

Why it Matters?

The global Halal food market, which is made up of meat and alternatives, milk and milk products, grain products, fruits and vegetables and others, is anticipated to grow significantly over 2020-2027 due to the rising Muslim population and increase in food demand and prices. According to the report, the Organisation of Islamic Coope...