Technavio Announces Top Eight Vendors in the Global Halal Food Market until 2019

LONDON--()--Technavio has announced the top eight leading vendors for the global halal food market in their latest research report. This report also lists 12 other prominent vendors who are expected to contribute to this market’s growth over the forecast period.

To identify the top vendors, Technavio’s market research analysts have considered the top contributors to the overall revenue of this market. To calculate the market size, the report considers revenue generated from the sales of various halal food products, including livestock and processed food.

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“A key segment of the halal food market is meat and live animals. As Organization of Islamic Countries (OIC) member nations import nearly 85% of their meat and live animals, the market presents a huge potential for the leading vendors of this market,” said Arushi Thakur, one of Technavio’s lead analysts for food market research.

“The potential market for halal food is over one trillion dollars, and yet, there are very few dedicated halal certified food producers or manufacturers in the global market. Therefore, there is huge scope for building a global brand with halal and tayyab integrity across the value chain. In addition, integration of the halal segment with organic, genetically modified (GMO) free, and fair trade food practices are expected to find a wide consumer base during the forecast period,” added Arushi.

Eight leading vendors in the global halal food market:

Al Islami Foods

Al Islami Foods was established in 1981, and it is headquartered in Dubai, UAE. The company offers halal food products in the Middle East. They also offer various halal meat products, such as mutton, sausages, kebabs, beef, burgers, and minced meat.

On June 25, 2014, they launched a new processing factory. This factory provides poultry, snack, and seafood products for foodservice and retail sectors in GCC. On December 15, the company expanded its presence in Russia, Azerbaijan, and other countries. This expansion has enabled the company to expand its business operations all over the world.

BRF

BRF was founded in 1934 and is headquartered in Brazil. BRF is a producer of fresh and frozen protein foods worldwide. As of December 2014, they reported net sales of close to USD 12.35 billion. During this period the company had approximately 104,777 employees.

BRF focuses on the production and sale of poultry, pork, and processed foods. Its products include frozen whole and cut poultry, frozen pork and beef cuts, such as ribs and loins and whole carcasses; and processed foods, such as marinated, frozen chicken, rooster, and turkey meat; specialty meats; and frozen prepared entrees. Its range of specialty meats include sausages, bologna, ham products, frankfurters, salamis, steak, bacon, hamburgers, and cold meat.

Kawan Foods

Kawan's products include paratha, stuffed paratha, naan, chapatti, roti wraps, puff pastry, samosa, roti chania, pastries, finger snacks, fries, frozen vegetables, western and Middle Eastern style baked breads (such as tortillas, baguette and pita bread), and soy protein products.

Kawan Food manufactures and distributes frozen food products globally. The company's bestselling products include paratha and chapatti. The company's products are marketed worldwide, in countries such as Australia, Brunei, Cambodia, Bahrain, Hong Kong, Indonesia, Singapore, Ireland, South Korea, Kuwait, Maldives, Mauritius, New Zealand, Norway, Philippines, Saudi Arabia, the UAE, Singapore, the UK, Canada, France, and the US.

In September 2015, the company entered into an agreement with Wan Zong Pu and Xuan Zheng Miao to establish a joint venture to produce and sell halal meat dumpling and other meat products in China and adjoining regions.

Nestle

Nestle, along with its subsidiaries, develops, produces, markets, and sells food and beverages globally. They operate in 197 countries worldwide, and as of December 2014, they employed close to 339,000 people. They reported net revenue of over USD 100 billion in FY2014. The company was established in 1866 and is headquartered in Vevey, Switzerland.

The EMEA segment reported net revenue of close to USD 20 billion (20% of the net revenue), exhibiting an increase of about 17% in 2014. Its growth was driven by a robust demand from France, Switzerland, Austria, and the Netherlands.

Prima Agri-Products

Prima Agri-Products was established in 1987 and is headquartered in Bangi, Malaysia. They are engaged in processing and manufacturing of halal meat based products. Their products are currently exported to South East Asia, Middle East, and Europe.

Their popular halal food technology includes the following:

Cellulose casing:

This is used in the food industry for the packaging of sausages.

Fibrous casing:

This is a classic way of packaging meat based products with polystyrene and carton boxes. In addition it is used for packaging cold cuts.

SAFAR:

This is a special animal fat replacer technology that is developed by MPOB Malaysian Palm Oil Board.

QL Foods

QL Foods was established in 1994 and is headquartered in Perak, Malaysia. They offer a range of chilled and frozen surimi-based products that include squid analogs, seafood tofu, veggie fish balls, fish sandwiches, salmon balls, crab nuggets, crab claws, crab sticks, crab chunks, and fish pastes.

Their production exceeds over 80 metric tons every day with exports to countries such as Singapore, China, Indonesia, Australia, Hong Kong, Japan, Korea, Canada, and the US. This enables them to expand their business operations all over the world.

Tahira

Tahira is a leading producer of halal foods in Europe. Their products are certified by the World Islamic Foundation, and signed off by inspectors at every step of production, from slaughter, processing to packing.

Their products are supplied across the EU region, having partnered with leading chains such as Asda, Budgens, Batleys, Somerfield, Bestway, Lidl, TRS, and Makrof, in addition to over 1,800 other retailers in the region.

Saffron Road

Saffron Road was established in 2010 and is headquartered in Stamford, Connecticut, US. The company offers chicken nuggets, frozen entrees, crunchy chickpeas, on-the-go meals, frozen gourmet meals, simmer sauces, broths, frozen dessert mini tarts, and others.

On August 20, 2015, they acquired Mediterranean Snack Foods Company, a lentil snack brand company in the US, which offers over 50 natural lentil/legume based crackers, chips, and veggie snacks.

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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Jesse Maida
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UK: +44 208 123 1770
www.technavio.com
media@technavio.com

Release Summary

Technavio has announced the top eight leading vendors for the global halal food market in their latest research report.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1-630-333-9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com