Halal Food Market, By Product (Meat & Alternatives, Milk & Milk Products, Fruit & Vegetables, Grain Products, Others), By Distribution Channel (Hypermarket & Supermarket, Departmental Store, Online, Others), By Application (Restaurant, Hotel, and Home), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032

Report Code: PMI224219 | Publish Date: March 2024 | No. of Pages: 175

Global Halal Food Market By Overview

Introduction:

Halal Food Market was valued at US$ 2,144.50 Billion in 2022 and is projected to grow at a CAGR of 6.5% to reach US$ 3493.6 Billion by 2032.

The word halal is used for foods that are considered lawful. Halal food requires that Allah’s name be invoked when killing an animal. Lamb, beef, goat, and chicken, for example, animals that get killed are halal as long as Muslims offer a prayer. Fish and eggs are also considered halal. All products from pork, carrion, and blood are known as haram. The main reason pork is regarded as haram is that it says in the Islamic Book (Holy Quran) that some food is allowed, while all others are declared haram, which means forbidden. Also, all fruits and vegetables are permissible to eat. Halal meat is an integral part of the Muslim faith, and these traditional slaughter practices are humane. Making a halal reveals that all the meat they have prepared is according to Islamic procedures. Free from all the components to whom they have been prohibited. In addition, the animal must be alive and healthy before it is killed, and all the blood must be drained from his body; then, only this will be considered halal. All foods that are allowed to be eaten according to the teachings of Islam are called halal food, which is essentially any food that does not fall into the category of haram.

Attributes

Details

Halal Food Market Value (2022)

US$ 2,144.50 Bn

Halal Food Market Projected  Value(2032)

US$ 3493.6 Bn

Halal Food Market CAGR (2022-2032)

6.5%

Global Halal Food Market By Dynamics

Increasing the Islamic community across the nations drives the demand for halal food, which boosts the market's growth. The expenditure made by Muslims on these food products shows a significant increase in this market. The rising awareness of the consumption of vegan food & beverages and the growing concept of organic foods uplifts this market. The government's support for such products helps halal manufacturers expand their business. Moreover, the health benefits of such foods are expected to drive the halal food market. Growth and expansion of the food and beverage industry, growing awareness of the health benefits of halal products, increasing consumer awareness of high-quality, nutritious food products, and personal disposable income of large companies are the major factors contributing to the growth of the halal food market. Halal is considered healthy because, after slaughter, the blood flows through the animal's arteries, flushing out most toxins as the heart continues to pump for a few seconds after the massacre. However, the Islamic community's strict laws on using only halal products may hinder the growth of this market.

Global Halal Food Market By Segmentation

Segmentation- Halal Food Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

The Halal Food Market is segmented based on Product, distribution channel, application, and region.

Halal Food Market, By Product

Based on product, the Halal Food Market is segmented into Meat & Alternatives, Milk & Milk Products, Fruit & Vegetables, Grain Products, and Others. The meat and substitutes segment accounted for the largest market share of 51.8% in 2022 and is expected to dominate over the forecast period. Halal milk is derived from animals already recognized as cow, sheep, or goat milk, milk from an animal, such as a pig, would be considered non-halal. Alcohol, pork, and meat from restricted animals and most unprocessed foods not slaughtered according to Islamic standards will be suitable for a halal diet, including whole fruits, vegetables, nuts, and grains. Due to health, hygiene, and safety reasons, consumer preference for bacteria-free meat and demand for these products will increase in the near term.

Halal Food Market, By Distribution Channel

HypermarketsHypermarkets and supermarkets are effective distribution channels with a market share of around 76% in global revenue in 2022. The increasing number of these stores in various regions has led to an increase in Halal food distribution in the market. Based on the distribution channel, the target market is classified into Hypermarkets & supermarkets, Departmental Stores, Online, and Others.

Halal Food Market, By Application

Based on the Application, the target market is classified into Restaurants, hotels, and Homes. According to Islamic law, halal foods are foods that Muslims are allowed to eat or drink, which specify which foods are permitted and how those foods should be prepared.

Regional Insights:

In the region, the Halal Food Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the leading region in the halal food products market, accounting for a significant revenue share. This growth is because of the presence of the Islamic community and combinations of the religious and cultural populations in this area. The rapid surge in the Muslim community is expected to grow exponentially in this region. Europe is the second fastest-growing market because of the increasing demand for certified products, which boosts the growth of such food products.

Report Scope:

Attribute

Details

Base year for estimation

2022

Forecast period

2022 – 2032

Market representation

Revenue in USD Billion & CAGR from 2022 to 2032

Market Segmentation

By Product - Meat & Alternatives, Milk & Milk Products, Fruit & Vegetables, Grain Products, Others

By Distribution Channel - Hypermarket & Supermarket, Departmental Store, Online, Others

By Application - Restaurant, Hotel, and Home

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Halal Food Market report based on Product, distribution channel, application, and region:

Halal Food Market, By Product:

  • Meat & Alternatives
  • Milk & Milk Products
  • Fruit & Vegetables
  • Grain Products
  • Others

Halal Food Market, By Distribution Channel:

  • Hypermarket & Supermarket
  • Departmental Store
  • Online
  • Others

Halal Food Market, By Application:

  • Restaurant
  • Hotel
  • Home

Halal Food Market, By Region:

  • North America
    • Middle East & Africa
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa
    • Latin America
        • Brazil
        • Mexico
        • Rest of Latin America
    • Asia Pacific
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Europe
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
      • U.S.
      • Canada

Global Halal Food Market By Key Players

The key players operating in the halal food market include Nestle SA, Nema Food Company, Namet Gida, Banvit Meat and Poultry, Isla Delice, Al Islami Foods, Unilever, Kawan Foods, QL Foods, Ramly Food Processing, China Haoyue Group, Arman Group, and Hebei Kangyuan Islamic Food.

Nema Food Company:

They are the providers of the highest quality food products in the market. They offer premium halal products-including red meat, poultry, and a variety of other food items by Zabiha food.

Global Halal Food Market By Key Issues Addressed

Recent Developments:

  • In October 2022, right-wing Hindu organizations in Karnataka started a campaign against halal products by protesting outside multinational food chain stores, ahead of the major Hindu festival of Diwali in October.
  • In October 2022, Saudi Arabia's Public Investment Fund announced the launch of a Halal Products Development Company with the aim of localizing the halal product industry in the Kingdom.

Global Halal Food Market By Company Profile

  • Nestle SA*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Nema Food Company
  • Namet Gida
  • Banvit Meat and Poultry
  • Isla Delice
  • Al Islami Foods
  • Unilever
  • Kawan Foods
  • QL Foods
  • Ramly Food Processing
  • China Haoyue Group
  • Arman Group
  • Hebei Kangyuan Islamic Food
  •  “*” marked represents similar segmentation in other categories in the respective section

Global Halal Food Market By Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Product
    • Market Snippet, By Distribution Channel
    • Market Snippet, By Application
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Market Segmentation, By Product, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Meat & Alternatives
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Milk & Milk Products
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Fruit & Vegetables
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Grain Products
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Distribution Channel, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Hypermarket & Supermarket
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Departmental Store
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Online
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Restaurant
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Hotel
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Home
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • Nestle SA,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Nema Food Company,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Namet Gida,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Banvit Meat and Poultry,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Isla Delice,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Al Islami Foods,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Unilever,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Kawan Foods,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • QL Foods,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Ramly Food Processing,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • China Haoyue Group,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Arman Group,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hebei Kangyuan Islamic Food.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

The Halal Food Market is projected to increase at a CAGR of 6.5% during the forecast period.

The Halal Food Market report segments the market basis of product, distribution channel, application, and region.

As the world's population continues to grow, the demand for convenience food is also growing at a rapid rate.

APAC is expected to hold the highest market share in 2022

The Key players operating in the Halal Food Market includes Nestle SA, Nema Food Company, Namet Gida, Banvit Meat and Poultry, Isla Delice, Al Islami Foods, Unilever, Kawan Foods, QL Foods, Ramly Food Processing, China Haoyue Group, Arman Group, and Hebei Kangyuan Islamic Food.