According to the research report titled ‘GLOBAL Halal Food & Beverage Market 2019-2027’, available with Market Study Report, global halal food & beverage market is predicted to record 5.85% CAGR through 2027.
 

Growing Muslim population coupled with improving cognizance regarding halal food are some of the key factors driving the growth of global halal food & beverage market. Escalating investments towards improving halal food value chain coupled with advent of food tracking technology are stimulating the industry outlook.
 

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However, strict regulatory outlook associated with unhygienic practices, production, and expiration in tandem with lack of adequate international standards could act as a bottleneck to the expansion of global halal food & beverage industry.
 

From the regional perspective, Asia-Pacific currently holds the market largest share and is likely to experience consistent growth throughout the study period. High Muslim population, mounting consumption of halal foods, increasing literacy rates, and rising awareness regarding benefits of such foods are adding traction to the regional market size.
 

QL Foods Sdn Bhd, Allanasons Private Limited, Shanghai Haoyue Technology Co. Ltd., Kawan Food Berhad, Namet Gida Sanayi Ve Tic AS, Nema Food Co., Crescent Foods, Al Islami Foods, Cargill Inc., and Nestlé S.A. are the prominent companies operating in global halal food & beverage industry.