Global Halal Food Market Size, Trends Analysis Report, 2024-2032
Global Halal Food Market Size, Share Analysis Report, 2024-2032

Halal Foods Market Share, Size, Trends, & Industry Analysis Report By Product Type (Raw Meat, Processed & Packed Food, Bakery & Confectionery, Others); By Distribution Channel; By Region, Segment Forecasts, 2024 - 2032

  • Published Date:Jan-2024
  • Pages: 116
  • Format: PDF
  • Report ID: PM1476
  • Base Year: 2023
  • Historical Data: 2019-2022

Report Outlook

The global halal foods market size was valued at USD 2529.91 billion in 2023. The market is anticipated to grow from USD 2765.95 billion in 2024 to USD 5683.53 billion by 2032, exhibiting the CAGR of 9.4% during the forecast period.

In the market, the manufacturing of food and beverages is done according to Islamic dietary regulations. The word "halal," which means "permissible," describes the behaviors and goods that Shariah, the Islamic code of law, accepts.

The halal food market is expected to experience significant demand during the forecast period, mainly owing to the growing Islamic population worldwide. Along with this, the growing number of absolute vegans globally is yet another factor driving the market growth. Halal food and beverages are expected to be manufactured, packaged, stored, and distributed as per Islamic law. These products are considered healthy, fresh, and much more organic. The improving economic condition in Islamic nations is expected to pose great potential for increasing demand for halal food and beverages.

Halal Food Market Size

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Governments and regulatory agencies, particularly in nations with a majority of Muslims, have launched a number of initiatives to support and oversee the halal food sector in collaboration with their counterparts. This covers the procedures pertaining to laws, licenses, and labeling specifications. The global halal food trade is expanding, creating new opportunities for growth, which is reinforced by the expansion of the travel and tourism sector. Due to Muslim tourists' desire for halal cuisine, non-Islamic countries have opened halal eateries, cafes, and other establishments.

The lack of a standardized, universally accepted definition of Halal, coupled with varying certification processes across countries, is creating confusion and hindering market growth. Also, logistical challenges in the supply chain, such as ensuring the segregation of Halal and non-Halal products, increase operational costs for businesses. The limited availability of Halal-certified products in certain markets also restricts consumer choices, impacting the industry's expansion.

Industry Dynamics

Growth Drivers

Technological advancement in halal food products drives market growth

In the global halal market, technological developments in halal food products are one of the main trends that are becoming more and more popular. Food safety is a dynamic area of focus for halal laboratories due to the increasing demand for halal foods. These labs are devoted to the analysis of food items to uphold quality standards and identify any traces of alcohol or porcine material. For instance, In 2022, Fluree PBC, an open-source semantic graph database company based in the US, and Sinisana Technologies, a Web3 Blockchain Traceability company based in Malaysia, partnered to establish and enable the supply chain company based in Malaysia to provide its clients with the best possible end-to-end sourcing and safety for halal food products.

Technological innovation plays a crucial role in meeting the complex requirements of Halal certification and ensuring compliance with Islamic dietary laws. Advanced techniques in food processing, packaging, and distribution contribute to enhancing the efficiency of Halal food production while maintaining the integrity of the Halal supply chain. Novel food technologies, such as 3D printing and plant-based meat alternatives, have enabled the creation of a diverse range of Halal products, meeting the evolving preferences of consumers.

 Halal Food

Report Segmentation

The market is primarily segmented based on product type, distribution channel, and region.

By Product Type

By Distribution Channel

By Region

  • Raw Meat
  • Processed & Packed Food
  • Bakery & Confectionery
  • Others
  • Supermarkets & Hypermarkets
  • Convenience Stores
  • Online Stores
  • Specialty Stores
  • Others
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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By Product Type Analysis

The raw meat segment is estimated to hold the largest revenue share over the forecasted period.

The raw meat segment is estimated to hold the largest revenue share because the demand for Halal-certified raw meat remains high among consumers sticking to Islamic dietary laws, which emphasize the consumption of meat prepared by Halal principles. The raw meat segment includes various types of meats, such as beef, chicken, lamb, and goat, and these staples form an important part of traditional Halal foods.

Also, the rising global Muslim population, along with an increased awareness of Halal dietary practices, contributes to the sustained demand for raw Halal meat products. The emphasis on authenticity and traceability in Halal food production also favors the raw meat segment, as consumers often prioritize unprocessed, whole cuts of meat to ensure the Halal integrity of their food. The raw meat segment is important to various cooking traditions, and its popularity extends beyond individual households to restaurants, catering services, and food service establishments that serve Halal meals. As a result, the raw meat segment emerges as a foundation of the Halal food market, holding a significant revenue share in the global market.

By Distribution Channel Analysis

Supermarkets and Hypermarkets dominated the sales of Halal foods in 2023.

Supermarkets and hypermarkets have emerged as dominant distribution channels for Halal foods, owing to several factors that cater to the preferences and convenience of consumers in the market. These retail formats provide a diverse and comprehensive range of Halal products under the same roof, offering consumers a convenient shopping experience. This is particularly pleasurable to busy consumers who seek efficiency in their grocery shopping.

Similarly, supermarkets and hypermarkets often allocate dedicated sections for Halal foods, enhancing visibility and accessibility for consumers seeking Halal-certified products. Again, the stringent quality control measures and certification requirements associated with Halal foods align well with the standardized and regulated environment of supermarkets and hypermarkets. Consumers often associate these retail outlets with reliability and adherence to food safety standards, which is crucial in the context of meeting the specific dietary requirements of Halal consumers.

 Halal Food Seg

Regional Insights

Asia Pacific region dominated the market in 2023

In 2023, the Asia Pacific region emerged as the dominant region in the market. It witnessed lucrative growth driven by its substantial Muslim population, which constitutes a significant consumer base adhering to Halal dietary practices. Countries like Indonesia, Malaysia, Pakistan, and Bangladesh, with their large Muslim populations, have played essential roles in shaping the market landscape. These nations have witnessed a surge in demand for a wide range of Halal products, ranging from traditional staples like Halal meats and grains to processed foods and convenience items. For example, in Indonesia, a country with the world's largest Muslim population, the government has implemented initiatives to promote and regulate the Halal industry, contributing to the market's growth. In addition to this, the increasing awareness and preferences for Halal-certified products among non-Muslim consumers in the region have further fueled market expansion.

The North American region is anticipated to register a significant CAGR in the assessment period because of the increasing awareness and demand for Halal products among a demographically diverse consumer base that goes beyond the Muslim population. As consumers become more health-conscious and seek ethically sourced and certified food options, the demand for Halal foods, known for their stringent quality and safety standards, has risen. Also, the Halal food market in North America has benefited from a surge in product innovation, with manufacturers introducing a variety of Halal-certified options, including processed foods, snacks, and beverages. Retailers, including supermarkets, are increasingly dedicating shelf space to Halal products, catering to the evolving preferences of consumers.

 Halal Food Reg

Key Market Players & Competitive Insights

There are many regional and local players in the highly fragmented halal foods market. To stay competitive, businesses have been using a range of expansion tactics, including partnerships and the introduction of new products.

Some of the major players operating in the global Halal Foods market include:

  • Al Islami Foods
  • Al-Falah Halal Foods Ltd.
  • American Halal Company, Inc.
  • BRF S.A.
  • Cargill, Incorporated
  • DagangHalal Group
  • Kawan Food Berhad
  • Midamar Corporation
  • Nema Food Company
  • Nestlé S.A
  • One World Foods Inc.
  • Prima Agri-Products
  • QL Foods
  • Rosen's Diversified Inc.
  • Saffron Road
  • Unilever

Recent Developments

  • In October 2022, to strengthen their partnership further, Ghanim International Corporation (Brunei) and ZES Trading (Bangladesh) signed an MOU. Simultaneously, Ghanim International Corporation introduced Brunei Halal food products in Bangladesh.
  • In January 2023, in response to the growing demand in the UAE for healthier vegan alternatives, Al Islami Foods, a major frozen food company in the Gulf Cooperation Council (GCC) and producer of halal food, announced the launch of its first plant-based product, a burger made with sunflower protein.

Halal Foods Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 2,765.95 billion

Revenue Forecast in 2032

USD 5,683.53 billion

CAGR

9.4% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments Covered

By Product Type, By Distribution Channel, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements concerning countries, regions, and segmentation.

Explore the market dynamics of the 2024 Halal Food Market share, size, and revenue growth rate, meticulously examined in the insightful reports crafted by Polaris Market Rersearch Industry Reports. The analysis of Halal Food Market extends to a comprehensive market forecast up to 2032, coupled with a retrospective examination. Avail yourself of a complimentary PDF download to sample this in-depth industry analysis.

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FAQ's

The Halal Food Market report covering key segments are product type, distribution channel, and region.

The global Halal Foods market size is expected to reach USD 5,626.38 billion by 2032

The global halal foods market is anticipated to grow at a CAGR of 9.5% during the forecast period.

Asia Pacific regions is leading the global market.

Increase in halal food chains and retail outlets are the key driving factors in Halal Food Market.