Argentina Halal Food & Beverage Market Overview, 2027

"The halal food and beverage market in Argentina is gradually gaining traction as the country recognizes the growing demand from its Muslim population and the rising interest from Muslim tourists. Argentina, renowned for its beef and diverse culinary offerings, is adapting to accommodate the dietary requirements of Muslim consumers. Argentina has seen an increase in the availability of halal-certified products in recent years. Local food manufacturers and restaurants have started offering halal options, ensuring that they adhere to strict halal guidelines and practices. This includes the use of halal-certified meats, appropriate preparation methods, and the avoidance of prohibited ingredients. The government of Argentina has also taken steps to support the halal industry and promote awareness about halal-certified products. It has established regulations and guidelines to ensure the quality and authenticity of halal food and beverage offerings, fostering consumer confidence and trust. In addition to catering to the Muslim population, Argentina is becoming more welcoming to Muslim tourists. The tourism industry is recognizing the importance of providing halal options to visitors from Muslim-majority countries. Hotels, restaurants, and tourist attractions are increasingly offering halal food and beverage choices to cater to the diverse culinary preferences of Muslim travelers. Argentina's export potential for halal products is also gaining attention. The country's agricultural industry, known for its high-quality meat and agricultural products, has the potential to supply halal-certified products to global markets. This opens up opportunities for Argentina to tap into the international halal food and beverage market and export its products to Muslim-majority countries. According to the report, “Argentina Halal Food & Beverages Market Overview, 2027” published by Bonafide Research, the overall market is anticipated to grow with prominent market growth during the forecast period. Governments of the Islamic, as well as the non-Islamic nations and the manufacturers of halal-certified food products, have been taking various initiatives in terms of marketing & educating consumers about these products. The confidence of consumers in halal brands has been the most influential factor in the actual purchase of these products across the country. Many companies certified in complying with Islamic rules and regulations are coming up which have increased the competitiveness in the market. Country-specific laws and certifying methods act as a restraint for various multinational companies for expanding their production to various countries. This hinders the growth of the market.

Technological advancements in halal food items are key trends gaining popularity in the Halal market. With the increasing demand for halal foods, halal laboratories are actively engaged in food safety, and analysis of food products for maintaining quality standards to detect the presence of porcine material or alcohol, blockchain, and the Internet of Things (IoT) are the technological advancements that strengthen the market. Blockchain platform offers transparency in the halal economy and allows tracing the origin of halal food products. Further, the expenditure on food products from Muslim countries across the country has registered substantial growth in the past couple of years, strongly accelerating the halal food and beverage products market. The value of meat, poultry, and seafood products is the largest in the market due to their worldwide reach and popularity. Emerging economies are expected to contribute profoundly to the growth of the halal meat and poultry industry due to rising incomes and healthy eating trends among consumers. The growing demand for packaged processed meat products as they are considered hygienic and high-quality products is expected to fuel the segmental growth in the foreseeable years. The key manufacturers are investing in better technologies of meat preservation to fulfill the growing consumer demand for more fresh and healthy processed meat products. Further, traditional retailers hold the major market share as butcher shops chiefly sell halal meat, poultry, and seafood products in most Islamic countries and non-Islamic countries. However, the rapid expansion of distribution channels has significantly fuelled segmental growth over the past few years. The supermarket channels are evolving rapidly to invest in newer technologies and offer consumers a wide variety of products. These retail channels are investing in complying with all regulatory requirements to improve the safety and quality of the products they offer. The increasing digitalization across the world would also support the evolution of online retail channels. Covid-19 Impacts: The rapid spread and disruption of COVID-19 in the food and drink industry, including the Halal food industry, caused disruptions to the food supply chain. Leading global manufacturers saw a reduction in labor and disruption in the import and export of Halal Food. This significantly affected their sales and consumption. In addition, the pandemic caused a slowdown in the demand for meat products. However, the market will be boosted by the growing demand for healthy and safe foods over the forecast period. Considered in the report ? Geography: Argentina ? Historical year: 2016 ? Base year: 2021 ? Estimated year: 2022 ? Forecasted year: 2027 Aspects covered in the report ? Market Size By Value for the historic time period (2016-2021) ? Market Size By Value for the forecast time period (2022-2027) ? Market Share by Product (Halal Meat, Poultry & Seafood, Halal Milk & Milk Products, Halal Fruits & Vegetables, Halal Grain Products, Beverage Products, Others) ? Market Share by Sales Channel (Hyper Market/ Supermarket, Traditional Retail, Online, Others) ? Market Share by Country (2016, 2021 & 2027F)

The approach of the report: We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise. This process gives us in-depth details of the market, including all present companies, the top-performing products with reasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies, regulatory landscape, etc. Then, to finalize the market, we start collecting the financials of each player present in the market, including limited, private limited, and LLPs. Moreover, we perform cross-industry and cross-region analysis of the product, and based on collected primary inputs and using statistical modeling, we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but gives more weight to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations, validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered, and provides valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report which includes spell check, and data verification, and makes the same dispatch ready and error-free. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the halal food & beverage industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry. Keywords: Halal Meat, Poultry & Seafood, Halal Milk & Milk Products, Halal Fruits & Vegetables, Halal Grain Products, Beverage Products, Hyper Market/ Supermarket, Traditional Retail, Online, Argentina. "