What Fueled Halal Food Market?
The halal food market has seen considerable growth due to a variety of factors.
• The size of the halal food market has seen a swift escalation over recent years. It is projected to surge from $1727.74 billion in 2024 to $1995.08 billion in 2025, boasting a compound annual growth rate (CAGR) of 15.5%.
The impressive growth during the historical phase can be linked to factors such as the increasing Muslim population, the impact of globalization and cultural diversity, a heightened awareness of halal certification, trends in tourism and specifically halal tourism, as well as innovation and product variety within the space of halal food.
What Is The Forecast For The Halal Food Market By 2029?
The halal food market is expected to maintain its strong growth trajectory in upcoming years.
• Over the coming years, the halal food market size is anticipated to experience a robust expansion. The market value is projected to reach $3301.9 billion by 2029, recording a compound annual growth rate (CAGR) of 13.4%.
This significant development during the forecast period can be linked to the emphasis on clean labels and natural components, advances in plant-based and meat substitutes, halal cosmetics and personal care items, and the increase in disposable income in Muslim markets. The upward trend in halal products' health and wellness aspects also contributes to this growth. Noteworthy trends for the forecast period encompass heightened cooperation among halal certification organizations, the application of blockchain technology for halal validation, digital mediums for halal certification, the worldwide spread of halal products, and the emergence of halal convenience foods.
What Are The Leading Drivers Of Growth In The Halal Food Market?
The expanding global Muslim community is a major factor propelling the growth of the halal food market. This community comprises individuals who follow the practices of Islam, including dietary ones. The surge in demand for halal-certified food reflects the importance this group places on the assurance of food safety and hygiene. The Pew Research Center, an impartial, American think tank, predicts that the world's Muslim population will expand by around 2.19 billion by 2030. As a result, this growth in the Muslim population is anticipated to stimulate the expansion of the halal food market.
How Is The Globa Halal Food Market Divided Into Key Segments?
The halal food market covered in this report is segmented –
1) By Product: Meat, Poultry, And Seafood, Fruits And Vegetables, Dairy Products, Cereals And Grains, Oil, Fats And Waxes, Confectionary
2) By Distribution Channel: Hyper markets, Super markets, Online Stores, Specialty Stores
3) By Application: Restaurant, Hotel, Home, Other Applications
Subsegments:
1) By Meat, Poultry, And Seafood: Beef, Chicken, Lamb, Fish, Shrimp
2) By Fruits And Vegetables: Fresh Produce, Dried Fruits, Frozen Vegetables, Canned Products, Juices
3) By Dairy Products: Milk, Cheese, Yogurt, Butter, Cream
4) By Cereals And Grains: Rice, Wheat, Barley, Oats, Corn
5) By Oil, Fats, And Waxes: Olive Oil, Coconut Oil, Palm Oil, Butter, Margarine
6) By Confectionery: Chocolates, Candies, Gums, Cakes, Pastries
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What Trends Are Reshaping The Halal Food Market?
The halal food market is seeing a surge in popularity due to the incorporation of technological advancements in halal food items. To meet rising demand for halal foods, halal laboratories are taking a more active role in food safety, scrutinizing food products for quality standards and detecting the presence of forbidden substances like porcine material or alcohol. Recent technological advancements including blockchain and Internet of Things (IoT) are reinforcing the market. For example, in August 2022, an announcement was made that Fluree PBC, a semantic graph database company based in the US, and Sinisana Technologies, a Malaysia-based Web3 Blockchain Traceability company, would collaborate. The partnership is aimed at enabling Sinisana to offer unparalleled halal food product sourcing, provenance, and safety from the start to end using Fluree's blockchain product. This ensures transparency and trustworthiness to its supply chain and logistics customers throughout the halal food items' lifecycle, right from their original sources to being placed on supermarket shelves.
Who Are the Key Players in the Halal Food Market?
Major companies operating in the halal food market include:
• Cargill Incorporated
• Nestle Société Anonyme
• Unilever Group
• Brazilian Food Corporation (BRF)
• SUKHIS GOURMET INDIAN FOOD
• Texas Halal Corporation
• Beijing Shunxin Agriculture Co. Ltd.
• American Foods Group LLC
• Kawan Food Berhad
• Harris Ranch Beef Company
• Noor Pharmaceuticals LLC
• Crescent Foods
• Alpina Foods
• Al Islami Foods Corporation
• Saffron Road Food Company
• QL Foods Sdn. Bhd.
• Midamar Corporation
• Tahira Foods Limited
• Pampanga's Best Inc.
• AL-FALAH FROZEN FOODS
• Prima Quality Food Industries Sdn Bhd
• Nema Food Inc.
• Salwa Foods
• Tallgrass Beef Company
• The American Halal Co. Incorporated
• Dagang Halal Group
• Jingyitai Halal Food Co. Ltd.
• Ayamas Food Corporation
What are the Regional Insights into the Halal Food Market?
Asia-Pacific was the largest region in the halal food market in 2024. The regions covered in the halal food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
