|Market Size in 2022
|Market Forecast in 2030
|CAGR (in %)
|USD 2301.45 million
|USD 4115.87 million
Halal Food Market
The global halal food market size was worth around USD 2301.45 million in 2022 and is predicted to grow to around USD 4115.87 million by 2030 with a compound annual growth rate (CAGR) of roughly 7.70% between 2023 and 2030.
The report analyzes the global halal food market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the halal food market.
Halal food refers to the type of edible items that are permitted and lawful as per guidelines laid down by Islamic dietary law. The word ‘halal’ is derived from Arabic literature and it means ‘allowed’ or ‘permissible’. The guidelines specify the type of food and drinks that the Muslim population can consume. For instance, there are 5 major criteria that have to be met in order for the food to be classified as halal. When consuming any item containing meat, it is mandatory that it should be derived from an animal slaughtered as by Islamic law. This involves invoking the name of Allah and cutting the animal’s throat using a sharp knife which indicates humane and swift death.
Rise in Muslim population to drive market growth
The global halal food market is expected to grow owing to the increasing Muslim population globally. As per an estimate by Times Prayer, there are more than 2.01 billion Muslim people living worldwide. The largest concentration of this population is currently in Asia-Pacific and the Middle East countries. Although it is not necessary that every Islam-following person follows strict dietary norms, the majority of the people in the Islamic faith follow guidelines, especially in countries with a Muslim majority. The difference in certain aspects of lifestyle depends on the chosen and accepted interpretation of the Islamic Holy book, the Quran. In addition to this, there are many people born into families with different faiths who are now undertaking Islamic laws as a way of living.
Certification challenges to restrict market expansion
One of the key challenges faced by the halal food industry players is in terms of halal certification. The process is known to be time-consuming and extremely complex. The entire procedure requires manufacturers to observe rigorous auditing & inspection and the protocol may vary between certifying bodies or nations, which further adds to the already strenuous process of certification. Small or mid-sized companies may not have the necessary resources to undertake such extensive certification programs.
Untapped commercialization tactics to provide growth opportunities
The global halal food market can be considered to be existing in an emerging state and there is a vast scope of expansion that is yet to be tapped, especially in terms of commercialized and branded halal food. There are several countries with a large Muslim population that does not have significant awareness or understanding of commercialized halal food since they currently rely only on products made at home or by local food producers. Moreover, companies may benefit by investing in product diversification and innovation.
Lack of standardization to challenge the market expansion
The halal food industry may face challenges owing to the lack of standardization in terms of halal certification standards and rules. This impacts harmonization in the sector and makes it difficult for operating businesses to operate in multiple markets that have different requirements. Furthermore, the changing consumer preference pattern is also likely to impede further expansion as consumers have varying needs such as organic, gluten-free, or vegan halal products.
The global halal food market is segmented based on distribution channel, product, and region.
Based on distribution channel, the global industry segments are supermarkets & hypermarkets, convenience stores, online stores, specialty stores, and others. In 2022, supermarkets & hypermarkets was the leading segment and it contributed to nearly 46.12% of the market share. The increasing presence and preference of supermarkets & hypermarkets is the main driving force. As the global inflation rate is on the rise, consumers tend to prefer purchasing from supermarkets since they get access to a wider range of options along with other monetary benefits such as discounted prices, incentives, and multiple offers on newer products. Moreover, several new companies choose to first launch their products in supermarkets due to higher footfall of consumers which translates to better marketing or advertising cost-efficiency. However, in countries with limited supermarkets, specialty stores remain the dominant option segment.
Based on product, the global halal food industry divisions are meat products, dairy products, vegan products, grain products, and others. The highest CAGR was witnessed in the meat products segment in 2022 since meat tends to hold a significant place in halal diets. Consumption of such products is widespread in the Muslim community. It is derived from animals that have been slaughtered under Islamic conditions and include products such as poultry, beef, lamb, and goat. The consumption is mainly associated with religious and cultural celebrations and is considered a fundamental part of meals in many households. Halal grain products include rice, wheat, barley, oats, and bread although they are commonly eaten in other religions as well. A research report claims that nearly 48% of the population in Africa and the Middle East follow a halal diet.
|Halal Food Market Research Report
|Market Size in 2022
|USD 2301.45 Million
|Market Forecast in 2030
|USD 4115.87 Million
|CAGR of 7.70%
|Number of Pages
|Key Companies Covered
|Nestle, Cargill, Al Islami Foods, BRF S.A., Nema Food Company, Midamar Corporation, Al-Falah Halal Foods Ltd., Kawan Food Berhad, Prima Agri-Products, DagangHalal Group, Saffron Road, AHDB (Agriculture and Horticulture Development Board), Qatar Islamic Bank, Isla Delice, Janan Meat Ltd., Emirates Modern Poultry Co. (Al Rawdah), K&N's Foods, Halal Industry Development Corporation (HDC), Tayyibat Poultry, Brunei Halal, Carrefour SA, Asia Halal Meat, Euro Foods Group, Pick n Pay Stores Ltd., and Halal Development Council Pakistan.
|By Distribution Channel, By Product Type, and By Region
|North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
|2017 to 2021
|2023 - 2030
|Avail customized purchase options to meet your exact research needs. Request For Customization
Asia-Pacific to witness the highest growth
The global halal food market is expected to be dominated by Asia-Pacific during the forecast period. In 2022, it contributed to nearly 56.52% of the global revenue share. The growth rate is particularly driven by the growing number of Muslim populations in Southeast Asia in countries such as Indonesia, Malaysia, and Brunei. Traditional cuisines including nasi lemak, rendang, satay, and various seafood specialties that are extremely popular in the region are generally made of halal items. In particular, Malaysia has managed to establish itself as a global halal hub by exporting halal products to several nations.
In addition to this, countries like Pakistan, India, and Bangladesh are home to a large number of Islam-following populations. These regions are known for dishes such as biryani, kebabs, curries, and sweets. In urban cities, the demand for halal food is growing at a rapid rate.
The global halal food market is led by players like:
By Distribution Channel
By Product Type
Halal food refers to the type of edible items that are permitted and lawful as per guidelines laid down by Islamic dietary law.
The global halal food market is expected to grow owing to the increasing Muslim population globally. As per an estimate by Times Prayer, there are more than 2.01 billion Muslim people living worldwide.
According to study, the global halal food market size was worth around USD 2301.45 million in 2022 and is predicted to grow to around USD 4115.87 million by 2030.
The CAGR value of the halal food market is expected to be around 7.70% during 2023-2030.
The global halal food market is expected to be dominated by Asia-Pacific during the forecast period.
The global halal food market is led by players like Nestle, Cargill, Al Islami Foods, BRF S.A., Nema Food Company, Midamar Corporation, Al-Falah Halal Foods Ltd., Kawan Food Berhad, Prima Agri-Products, DagangHalal Group, Saffron Road, AHDB (Agriculture and Horticulture Development Board), Qatar Islamic Bank, Isla Delice, Janan Meat Ltd., Emirates Modern Poultry Co. (Al Rawdah), K&N's Foods, Halal Industry Development Corporation (HDC), Tayyibat Poultry, Brunei Halal, Carrefour SA, Asia Halal Meat, Euro Foods Group, Pick n Pay Stores Ltd., and Halal Development Council Pakistan.