ASIA PACIFIC HALAL FOOD & BEVERAGE MARKET FORECAST 2020-2028

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ASIA PACIFIC HALAL FOOD & BEVERAGE MARKET FORECAST 2020-2028

The market for halal food & beverage in the market region of Asia Pacific is anticipated to record growth at a CAGR of 6.38% during the projected period, 2020-2028. The presence of a large Muslim population, and the increasing popularity of halal food and beverage among non-Muslims, are the important drivers of the market in the region. The Asia Pacific halal food & beverage market is studied through the segmentation that includes countries like India, Japan, China, Indonesia, Thailand, South Korea, Vietnam, Malaysia, Singapore, Australia & New Zealand, and the rest of the Asia Pacific. The countries like China have a multicultural background. Muslim cuisine in China has incorporated diverse cooking methods of Chinese cuisine, like braising, stewing, roasting, etc. At the same time, Muslim cuisine continues to preserve its own style and characteristics according to various regions.

ASIA PACIFIC HALAL FOOD & BEVERAGE MARKET FORECAST 2020-2028

Asia Pacific Halal Food & Beverage Market by Product Type (Halal Meat & Alternatives, Halal Milk & Milk Products, Halal Fruits & Vegetables, Halal Grain Products, Others) by Distribution Channels (Traditional Retailers, Supermarkets & Hypermarkets, Online, Others) by User Demographics (Muslims, Non-muslims) by Geography.

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The market for halal food & beverage in the market region of Asia Pacific is anticipated to record growth at a CAGR of 6.38% during the projected period, 2020-2028. The presence of a large Muslim population, and the increasing popularity of halal food and beverage among non-Muslims, are the important drivers of the market in the region.

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The Asia Pacific halal food & beverage market is studied through the segmentation that includes countries like India, Japan, China, Indonesia, Thailand, South Korea, Vietnam, Malaysia, Singapore, Australia & New Zealand, and the rest of the Asia Pacific. The countries like China have a multicultural background. Muslim cuisine in China has incorporated diverse cooking methods of Chinese cuisine, like braising, stewing, roasting, etc. At the same time, Muslim cuisine continues to preserve its own style and characteristics according to various regions. The ambitious trade plans of the country, for instance, the ‘One Belt One Road’ initiative, are estimated to increase China’s export prospects, especially with regard to halal products. There have also been large-scale investments in domestic halal food companies in China.

The halal food & beverage market has huge growth potential in countries like India, where there are untapped sources. The country’s domestic production is on the increase due to the growing middle-class population, along with government initiatives that entail foreign investments. The per capita income pf the Muslim population in the Indian region has increased, thereby boosting their means and capacity to fulfill their need for high-quality halal food & beverages. The lack of a comprehensive initiative with regard to the certification of halal food & beverages might hinder the market growth in India.

The market boasts the presence of several well-established companies. QL Foods Sdn. Bhd. is an agro-based company that manufactures minced meat.  Minced meat is used as a primary ingredient in surimi-based products. The company is a subsidiary of QL Resources Berhad. Australia, Hong Kong, Indonesia, Japan, Canada, and the U.S are the export hubs of the company.

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  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF THE MARKET STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & FORECAST
    • MARKET OVERVIEW
  3. MARKET DYNAMICS
    • MARKET DEFINITION
    • FOOD PREFERENCES
    • MARKET DRIVERS
      • INCREASING MUSLIM POPULATION
      • GROWING AWARENESS AMONG NON-MUSLIM POPULATION REGARDING HALAL FOOD
    • MARKET RESTRAINTS
      • IMPLEMENTATION OF HALAL STANDARDS THROUGHOUT THE VALUE CHAIN
  1. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • NEW ENTRANTS
      • SUBSTITUTION
      • SUPPLIERS POWER
      • BUYERS POWER
      • INDUSTRIAL RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • REGULATORY FRAMEWORK
    • VALUE CHAIN ANALYSIS
    • KEY INVESTMENT INSIGHTS
  2. MARKET BY PRODUCT TYPE
    • HALAL MEAT & ALTERNATIVES
    • HALAL MILK & MILK PRODUCTS
    • HALAL FRUITS & VEGETABLES
    • HALAL GRAIN PRODUCTS
    • OTHERS
  3. MARKET BY DISTRIBUTION CHANNELS
    • TRADITIONAL RETAILERS
    • SUPERMARKETS & HYPERMARKETS
    • ONLINE
    • OTHERS
  4. MARKET BY USER DEMOGRAPHICS
    • MUSLIMS
    • NON-MUSLIMS
  5. GEOGRAPHICAL ANALYSIS
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • THAILAND
      • INDONESIA
      • VIETNAM
      • MALAYSIA
      • SINGAPORE
      • AUSTRALIA & NEW ZEALAND
      • REST OF ASIA PACIFIC
  1. COMPANY PROFILES
    • NESTLE
    • CARGILL INC.
    • AL ISLAMI FOODS.
    • QL FOODS SDN. BHD
    • CRESCENT FOODS
    • NEMA FOOD CO
    • NAMET
    • KAWAN FOOD BERHAD
    • HAOYUE GROUP
    • ALLANASONS PVT. LTD.

LIST OF TABLES

TABLE 1: HALAL FOOD & BEVERAGE MARKET SNAPSHOT

TABLE 2: TASTE & FOOD PREFERENCES

TABLE 3: ASIA PACIFIC HALAL FOOD & BEVERAGE MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 4: ASIA PACIFIC HALAL FOOD & BEVERAGE MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 5: ASIA PACIFIC HALAL FOOD & BEVERAGE MARKET, BY DISTRIBUTION CHANNELS, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 6: ASIA PACIFIC HALAL FOOD & BEVERAGE MARKET, BY DISTRIBUTION CHANNELS, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 7: ASIA PACIFIC HALAL FOOD & BEVERAGE MARKET, BY USER DEMOGRAPHICS, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 8: ASIA PACIFIC HALAL FOOD & BEVERAGE MARKET, BY USER DEMOGRAPHICS, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 9: ASIA PACIFIC HALAL FOOD & BEVERAGE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 10: ASIA PACIFIC HALAL FOOD & BEVERAGE MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

FIGURE LIST

FIGURE 1: PORTER’S FIVE-FORCE ANALYSIS

FIGURE 2: OPPORTUNITY MATRIX

FIGURE 3: VENDOR LANDSCAPE

FIGURE 4: VALUE CHAIN ANALYSIS

FIGURE 5: KEY INVESTMENT INSIGHTS

FIGURE 6: ASIA PACIFIC HALAL FOOD & BEVERAGE MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE (IN 2019)

FIGURE 7: ASIA PACIFIC HALAL FOOD & BEVERAGE MARKET, BY HALAL MEAT & ALTERNATIVES, 2020-2028 (IN $ MILLION)

FIGURE 8: ASIA PACIFIC HALAL FOOD & BEVERAGE MARKET, BY HALAL MILK & MILK PRODUCTS, 2020-2028 (IN $ MILLION)

FIGURE 9: ASIA PACIFIC HALAL FOOD & BEVERAGE MARKET, BY HALAL FRUITS & VEGETABLES, 2020-2028 (IN $ MILLION)

FIGURE 10: ASIA PACIFIC HALAL FOOD & BEVERAGE MARKET, BY HALAL GRAIN PRODUCTS, 2020-2028 (IN $ MILLION)

FIGURE 11: ASIA PACIFIC HALAL FOOD & BEVERAGE MARKET, BY OTHERS, 2020-2028 (IN $ MILLION)

FIGURE 12: ASIA PACIFIC HALAL FOOD & BEVERAGE MARKET, GROWTH POTENTIAL, BY DISTRIBUTION CHANNELS (IN 2019)

FIGURE 13: ASIA PACIFIC HALAL FOOD & BEVERAGE MARKET, BY TRADITIONAL RETAILERS, 2020-2028 (IN $ MILLION)

FIGURE 14: ASIA PACIFIC HALAL FOOD & BEVERAGE MARKET, BY SUPERMARKETS & HYPERMARKETS, 2020-2028 (IN $ MILLION)

FIGURE 15: ASIA PACIFIC HALAL FOOD & BEVERAGE MARKET, BY ONLINE, 2020-2028 (IN $ MILLION)

FIGURE 16: ASIA PACIFIC HALAL FOOD & BEVERAGE MARKET, BY OTHERS, 2020-2028 (IN $ MILLION)

FIGURE 17: ASIA PACIFIC HALAL FOOD & BEVERAGE MARKET, GROWTH POTENTIAL, BY USER DEMOGRAPHICS (IN 2019)

FIGURE 18: ASIA PACIFIC HALAL FOOD & BEVERAGE MARKET, BY MUSLIMS, 2020-2028 (IN $ MILLION)

FIGURE 19: ASIA PACIFIC HALAL FOOD & BEVERAGE MARKET, BY NON-MUSLIMS, 2020-2028 (IN $ MILLION)

FIGURE 20: ASIA PACIFIC HALAL FOOD & BEVERAGES MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 21: CHINA HALAL FOOD & BEVERAGE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 22: JAPAN HALAL FOOD & BEVERAGE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 23: INDIA HALAL FOOD & BEVERAGE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 24: SOUTH KOREA HALAL FOOD & BEVERAGE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 25: THAILAND HALAL FOOD & BEVERAGE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 26: INDONESIA HALAL FOOD & BEVERAGE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 27: VIETNAM HALAL FOOD & BEVERAGE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 28: MALAYSIA HALAL FOOD & BEVERAGE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 29: SINGAPORE HALAL FOOD & BEVERAGE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 30: AUSTRALIA & NEW ZEALAND HALAL FOOD & BEVERAGE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 31: REST OF ASIA PACIFIC HALAL FOOD & BEVERAGE MARKET, 2020-2028 (IN $ MILLION)

  1. GEOGRAPHICAL ANALYSIS
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • THAILAND
      • INDONESIA
      • VIETNAM
      • MALAYSIA
      • SINGAPORE
      • AUSTRALIA & NEW ZEALAND
      • REST OF ASIA PACIFIC
  1. MARKET BY PRODUCT TYPE
    • HALAL MEAT & ALTERNATIVES
    • HALAL MILK & MILK PRODUCTS
    • HALAL FRUITS & VEGETABLES
    • HALAL GRAIN PRODUCTS
    • OTHERS
  2. MARKET BY DISTRIBUTION CHANNELS
    • TRADITIONAL RETAILERS
    • SUPERMARKETS & HYPERMARKETS
    • ONLINE
    • OTHERS
  3. MARKET BY USER DEMOGRAPHICS
    • MUSLIMS
    • NON-MUSLIMS

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