Market Size of Asia-Pacific Halal Food and Beverage Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Halal Foods and Beverages Market Analysis
The Asia-Pacific market for halal food and beverage is projected to register a CAGR of 5.5 %, during the forecast period (2020 to 2025).
- The rapid growth in the Islamic population and the awareness regarding halal food among the non-Muslim population are the major market drivers for the halal food and beverage market.
- The need for halal certifications by authorized bodies is strong and the certification requirements have contributed to an increase in the demand and the consumption of genuine halal food products.
- However, the production processes need to be upgraded in order to improve quality and satisfying the domestic demand and export requirements.
