The global halal food & beverage market size was valued at USD 436.8 billion in 2016. Halal, in the present time, has turned out to be a universal conception
that covers the entire concept of fresh, clean, and healthier production as well as services of food. This is completely contradictory to the traditional notion, which was restricted to only slaughtering of animals according to Islamic law or merely free from swine & alcohol. It is no more a mere religious obligation but has moved beyond that to become a standard of choice for both Muslims and non-Muslims. The shift in consumer perceptions regarding such products offers strong opportunities for a substantially rapid growth of the global halal food industry in the next eight years.
In spite of these changes in perceptions, the growing Muslim population is, however, the most vibrant factor fueling demand for these foods. The worldwide Muslim population has grown from around 1.57 billion in 2009 to over 2.10 billion in 2016 which is projected to grow even faster over the forecast period. According to State of the “Global Islamic Economy”, the Muslim consumer spending across halal food & lifestyle in 2014 was reported to be worth USD 1.8 trillion which is anticipated to increase to USD 2.6 trillion by 2020. These figures show an excellently potential growth for halal food products and even services categories of the industry.
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The future of the global industrial pipe market looks promising with opportunities in power generation, petrochemical, automotive, and industrial processing.
The study includes the industrial pipe market size and forecast for the global industrial pipe market through 2023, segmented by end use industry, material, diameter, and region, as follows:
Industrial Pipe Market Size by End-Use Industry [Value ($M) from 2012 to 2023]:
Industrial Pipe Market Size by Material [Value ($ Million) and Volume (Thousand Tons) from 2012 to 2023]:
Ductile Iron Pipes
Industrial Pipe Market Size by Diameter [Value ($ Million) from 2012 to 2023]:
Small Diameter Pipes
Medium Diameter Pipes
Large Diameter Pipes
THE MIDDLE EAST & AFRICA - Market Analysis:
Large Scale Construction Projects Continue to Drive Demand Plastic Pipes, Garner Steady, Support and Demand for Water Supplies to Pep Up the Demand
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