Global Halal Food Market, By Type (Halal Food, Halal Drinks and Halal Supplements), Distribution Channel (Hypermarkets/ Supermarkets, Convenience Stores, Online Channel and Others), Product Type (Meat, Poultry and Seafood, Fruits and Vegetables, Dairy Products, Cereals and Grains, Oil, Fats and Waxes, Confectionery and Others), Product Base (Native Starch, Modified Starch and Sweeteners) – Industry Trends and Forecast to 2030.
Halal Food Market Analysis and Size
In the last few years, halal food products have become popular amongst non-Muslim and Muslim consumers because they have grown from being a symbol of hygiene, quality, and sanitation. The increasing interest among non-Muslim consumers in the consumption of vegan food products coupled with introduction of product by halal manufacturers for these conscious consumers’ is likely to enhance the market growth. For instance, AI Islami Foods, and United Arab Emirates (UAE) based halal food giant launched a plant-based burger in 2021.
Data Bridge Market Research analyses that the halal food market is expected to reach USD 5,912.58 billion by 2030, which is USD 2,371.00 billion in 2022, registering a CAGR of 12.10% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Halal Food Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Halal Food, Halal Drinks and Halal Supplements), Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Online Channel and Others), Product Type (Meat, Poultry and Seafood, Fruits and Vegetables, Dairy Products, Cereals and Grains, Oil, Fats and Waxes, Confectionery and Others), Product Base (Native Starch, Modified Starch and Sweeteners)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Nestlé S.A. (Switzerland), Cargill, Incorporated (U.S.), Unilever (U.K.), Al Islami (Dubai), American Foods Group, LLC (U.S.), QL Foods Sdn Bhd (Malaysia), PRIMA AGRO LIMITED (Malaysia), Saffron Road (U.S.), Allanasons Private Limited (India), Kawan Food Manufacturing Sdn Bhd (Malaysia)
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Market Opportunities
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Market Definition
Halal food are those food products that meet Islamic standards. According to Islamic laws, halal food is free from ingredients that are processed, manufactured, or stored in clean enough vessels. Halal food is more ethical, safer to eat, less prone to meat contamination, and increases metabolism because it is free of poisons, pork, alcohol or intoxicants, and unhygienic content.
Halal Food Market Dynamics
Drivers
- Growing Muslim population all over the globe boosting the market growth
The increasing muslim population all over the globe is considerably contributing to the growth of the market. The growing demand for halal-certified food among Muslims is owing to the assurance of food hygiene and safety. According to the Pew Research Center report, a US-based nonpartisan American think tank, the growth of the Muslim population is expected to rise by about 2.19 billion by the year 2030 globally. Thus, the increasing Muslim population is anticipated to drive the halal food market growth rate.
- Increasing implementation of strict rules regarding halal foods
Many Islamic and non-islamic countries are implementing strict regulatory frameworks, which involve globally accepted standards, to attract new participants in the market. Recently, the Government of Indonesia introduced mandatory halal labeling and certification rules in 2019, owing to which consumers prefer halal food nowadays. With an increase in the demand for halal foods, manufactures have extended their product portfolio by introducing numerous value-added food products, including sandwiches, cookies, hot dogs, soups, candies, burgers, creams and pizzas. Thus, increasing implementation of strict rules regarding halal foods is likely to impel the market growth.
Opportunities
- Rising technological advancements in halal food products
Technological advancements in halal food products are major trends which is gaining popularity in the global halal market. With the growing demand for halal foods, halal laboratories are dynamically engaged in the food safety. These laboratories are focusing on analyzing food products for maintaining quality standards and detecting the presence of alcohol, blockchain or porcine material that strengthen the market. For instance, Fluree PBC, a US-based open-source semantic graph database company, collaborated with Sinisana Technologies, a Malaysia-based Web3 Blockchain Traceability in 2022. With this collaboration, they announced that they would allow the Malaysia-based supply chain organization to offer unrivaled end-to-end halal food product sourcing, and safety to its customers.
- Surging product launches to broadened the halal food product line
The surging product launches and other innovations by major market players further offer numerous opportunities for the market growth. For instance, Marks & Spencer has launched its own-brand halal-ready meals, including chicken and leek bake, and chicken hotpot, chicken arrabbiata, chicken and mushroom tagliatelle, chicken jalfrezi, and chicken tikka masala in November 2019. These meals will be available in Dubai, U.K., and Singapore outlets, operated by Al-Futtaim.
Restraints/ Challenges
- Multiple issues associated with halal food market
Stringent laws and regulations imposed by the government will pose a biggest challenge to the growth of the halal food market. High costs associated with the R&D proficiencies will also hamper the growth of the market. Also, dearth of presence of large-scale halal industries and fluctuations in the prices of raw materials will yet again derail the market growth rate during the forecast period.
This halal food market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the halal food market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In 2021, Agthia Group, a UAE-based food and beverage company, acquired an 80 percent stake in Nabil Foods. With this acquisition, Agitha has direct access to new revenue streams and substantial cross-selling opportunities to mainten its growth strategy. Nabil Foods is a Jordan-based distributor and manufacturer of an extensive range of 100% frozen and chilled halal products from chicken shawarma sandwiches to kubbeh balls.
- In 2021, Crescent Foods which is an American pioneer in premium hand-cut halal meat and poultry products has introduced turnkey foodservice program for university and college dining halls, nationally. The company will provide extensive range of products including turkey (seasonally), hand-cut beef, lamb and chicken products for on-campus dining, including restaurants.
- In 2021, Nigeria started their partnership with OneAgrix for better Agriculture and Halal market access under AfCFTA. With this partnership, they will allow the country to gain better market access by using OneAgrix’s trading platform both globally and regionally.
- In 2022, Chicken Cottage announced to enter the East African market with the help of franchising partnership agreement with Express Kitchen which is a subsidiary of AAH Limited to develop their business line.
Global Halal Food Market Scope
The halal food market is segmented on the basis of type, distribution channel, product type and product base. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Halal Food
- Halal Drinks
- Halal Supplements
Distribution Channel
- Hypermarkets/Supermarkets
- Convenience Stores
- Online Channel
- Others
Product Type
- Meat, Poultry and Seafood
- Fruits and Vegetables
- Dairy Products
- Cereals and Grains
- Oil, Fats and Waxes
- Confectionery
- Others
Product Base
- Native Starch
- Modified Starch
- Sweeteners
Halal Food Market Regional Analysis/Insights
The halal food market is analyzed and market size insights and trends are provided by country, type, distribution channel, product type and product base as referenced above.
The countries covered in the halal food market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the halal food market in terms of revenue and market share owing to the ever-growing Muslim population base in this region. Moreover, growth of food and beverages industry, increasing awareness regarding the nutritional composition of halal food will further propel the market growth in this region.
Europe is expected to be the fastest developing region during the forecast period of 2023-2030 due to increasing trend of certified products in this region. Furthermore, rising product visibility among consumers will further boost industry growth in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Halal Food Market Share Analysis
The halal food market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to halal food market.
Some of the major players operating in the halal food market are:
- Nestlé S.A. (Switzerland)
- Cargill, Incorporated (U.S.)
- Unilever (U.K.)
- Al Islami (Dubai)
- American Foods Group, LLC (U.S.)
- QL Foods Sdn Bhd (Malaysia)
- PRIMA AGRO LIMITED (Malaysia)
- Saffron Road (U.S.)
- Allanasons Private Limited (India)
- Kawan Food Manufacturing Sdn Bhd (Malaysia)
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