Halal Food Market Size
Global Halal Food Market is expected to be worth around US$ 4,569.69 Billion by 2030, according to Renub Research. Global Halal Food Market is anticipated to growth at a CAGR of 9.33% in the forecast period (2024 to 2030). Global Halal Food Market was US$ 2,447.44 Billion in 2023.
Halal foods products are increasingly more popular amongst both Muslim and non-Muslim buyers. Consuming halal food is to endorse a healthful life style and enhance ordinary human development. One major benefit of halal foods intake is its high-quality impact on bodily well-being. Additionally, it’s miles concept to help mental health and cognitive development.
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The global Muslim populace’s upward thrust notably propels market boom, predicted to reach over one-fourth of the global populace. Producers meet this demand with diverse halal foods objects like pasta, vegetables, juice, milk, yogurt, and cheese. Halal-licensed products by major groups enhance visibility. Strict regulatory frameworks worldwide appeal to new entrants. Recently, the Saudi Arabia Food and Drug Authority extended mandatory halal certification to various imports, which include sweets, long life products, frozen items, dairy, and oils. Manufacturers diversify portfolios to encompass sandwiches, cookies, hot dogs, soups, candies, burgers, lotions, and pizzas. Strict halal rules power market increase, as Islam, the quickest-developing religion, especially within the Asia Pacific, boosts demand. In China, approximately 25 million Muslims live, fostering a robust Islamic network. Growing focus among Muslims approximately ingesting non-haram foods because of religious sentiments further fuels market growth.
Halal Food Market Segment
The meat segment is expected to lead the halal food industry due to rising demand for microorganism-free meat driven by health, hygiene, and safety concerns. Increasing awareness and concern for animal welfare and diversity also contribute to this segment’s growth. Asia-Pacific dominates the global halal meat market, driven by a large Muslim population in countries like India, Indonesia, Thailand, Malaysia, and China. Indonesia had the largest Muslim populace globally in 2010, followed by India. India is projected to have the largest Muslim populace with the aid of 2050, reaching 310.6 million.
Supermarkets and hypermarkets are vital halal food distribution channels in urban areas, offering diverse selections from fresh produce to packaged goods. They provide convenient one-stop shopping, often featuring their own halal-certified products, investing in proper certification and labeling to build consumer trust.
Key Player in the Halal Food Market
The halal food market includes companies such as Nestle SA, JBS SA, BRF SA, Kawan Food Berhad, Cargill Inc., Carrefour SA, Crescent Foods Inc., VegaVites, American Halal Company Inc., American Foods Group LLC, and Al Islami Foods.
In July 2022, Al Islami Foods received the prestigious Gold grade from Dubai Municipality Health and Safety Department for outstanding excellence in maintaining health and safety standards at our DIP facility. In September 2022, Bourke’s small stock meat plant resumed operations, processing goats and generating employment opportunities for the local community.
Product – Global Halal Food Market breakup in 9 viewpoints:
- Meat
- Poultry & Seafood
- Fruits & Vegetables
- Dairy Products
- Cereals & Grains
- Oil
- Fats & Waxes
- Confectionery
- Others
Distribution Channel – Global Halal Food Market breakup in 5 viewpoints:
- Hypermarkets & supermarkets
- Online Stores
- Convenience Stores
- Specialty Stores
- Others
Countries – Global Halal Food Market breakup in 25 viewpoints:
- North America
1.1 United States
1.2 Canada
- Europe
2.1 Russia
2.2 France
2.3 Germany
2.4 Italy
2.5 United Kingdom
2.6 Turkey
- Asia
3.1 Pakistan
3.2 Indonesia
3.3 India
3.4 Bangladesh
3.5 China
3.6 Malaysia
3.7 Kazakhstan
- Middle East & Africa
4.1 Saudi Arabia
4.2 United Arab Emirates
4.3 Qatar
4.4 Iraq
4.5 Iran
4.6 Egypt
4.7 Algeria
4.8 Morocco
4.9 Nigeria
- Rest of the World
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
- Nestle SA
- JBS SA
- BRF SA
- Kawan Food Berhad
- Cargill Inc.
- Carrefour SA
- Crescent Foods Inc.
- VegaVites
- American Halal Company Inc.
- American Foods Group LLC,
- Al Islami Foods
