The Halal food market in US will be developed at a CAGR of more than 5% from 2020 to 2024.
Current retail channels including supermarkets, hypermarkets, and convenience stores sell Halal food in the USA. Labelling Halal is an official order for the supermarkets and other retailers which provide Halal food. There are spaces in such stores that are dedicated to Halal foods and are separate from non-Halal foods.
So, most customers are ensured that halal meat products are supplied. The Halal food market in USA will be developed at a CAGR of more than 5% from 2020 to 2024; it means growth of Halal food market in the USA by $ 8.17 billion during 2019-2024.
Due to the growing concerns regarding hygiene and health among customers, consumption of Halal meat has been increased. Moreover, Halal foods market is still expanding because of the ever-increasing awareness about Halal-related health benefits among non-Muslims. Several restaurants and food chains in USA are using Halal labels.
The sales and distribution of products in the US happen primarily through organized and modern retail channels. Globally, the sales of halal food are mainly dominated by wet and traditional markets. However, in the US, the sales of halal food are maximum through modern retail channels such as supermarkets, hypermarkets, convenience stores, and more. With the growing demand for halal foods, several retailers are selling halal labeled food products. It is a mandate for the supermarkets and other retailers that supply halal food, to clearly label halal. In 2016, more than 7500 places sold halal food in the US as compared to nearly 200 places in 1998. These stores have dedicated space (shelf space) for halal foods and are kept separately from non-halal foods. Thus, most consumers trust this source of distribution for halal meat products. Such factors will drive the growth of the halal food market the in US at a CAGR of over 5% during 2020-2024.