Technavio market research analysts forecast the halal food market in the US to grow at a CAGR of more than 3% during the forecast period, according to their latest report.
The market study covers the present scenario and growth prospects of the halal food market in the US market for 2017-2021. The report also lists retail and food service as the two major end-user segments, of which the retail segment accounted for more than 64% of the market share in 2016.
Technavio analysts highlight the following three market drivers that are contributing to the growth of the halal food market in the US:
* Symbol of healthy food
* Increasing sales through retail channels
* Rising Muslim population in the country
Read more > Halal Food Market in the US
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