Year: 2022

Global halal food market is valued at USD 1,977 billion in 2021, and it is expected to attain a value of USD 3,907.8 billion by 2028, at a CAGR of 11.25% over the forecast period (2022-2028). Westford, USA, Nov. 17, 2022 (GLOBE NEWSWIRE) — Islamic dietary law mandates that meat, poultry, and seafood be supplied halal, meaning that they must meet certain religious requirements concerning the way they were killed. The Islamic faith is the second most practicing religion in the world after Christianity, with approximately 1.98 billion followers worldwide and over 26 Muslim countries. There are two main reasons for the growth in demand for halal food market: First, Muslims are increasingly looking to follow a stricter diet that adheres to their religious beliefs. Second, Halal certification has become an important marketing tool for...

Global plastic market was valued at USD 599.25 billion in 2021 and it is expected to reach at USD 752.16 billion by 2028, at a CAGR of 3.3% over the forecast period (2022-2028). Westford, USA, Nov. 17, 2022 (GLOBE NEWSWIRE) — Global plastic market is expected to be worth $752.16 billion by 2028, an increase of over 25% from 2021. The key drivers behind this growth are the rising demand for plastics in many industries such as automotive, food and beverage, packaging, and furniture as well as improvements in efficiency and productivity that have led to increased output. SkyQuest predicts that the automotive and construction equipment markets will account for a majority of plastic manufacturing sales over the next decade. These two markets are expected to experience significant growth owing to their need for a variety of plastic products,...