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The Global Halal Food Market size is estimated to grow at a CAGR of 4.52% between 2022 and 2027. The size of the market is forecast to increase by USD 427.68 billion. The growth of the market depends on several factors, including the increasing consumer expenditure on halal food, the expansion of halal food production facilities, and the strong distribution network between halal food manufacturers and retailers.
This halal food market report extensively covers market segmentation by product (halal MPS, halal BCC, halal FVN, halal beverages, and others), distribution channel (offline and online), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a decrease in demand for the market during the COVID-19 pandemic, a holistic analysis of drivers will help companies refine marketing strategies to gain a competitive advantage.
The increasing consumer expenditure on halal food is notably driving the halal food and beverage market growth. Until the past decade, the global halal food market was only prominent in countries such as Indonesia, Malaysia, Saudi Arabia, Singapore, the UAE, and other Middle Eastern countries. However, the market began to witness significant growth in other countries, such as the US, Germany, Australia, and India, mainly due to increasing consumer awareness about halal food. Australia is one of the major exporters of food and beverages globally. The exports of halal food from Australia are expected to increase during the forecast period.
The halal food market is also growing in countries such as Indonesia, Malaysia, Turkey, and Singapore due to the rise in consumer expenditure on halal food in the past decade. Factors such as the rising number of product offerings under the halal food category and the increasing number of halal food vendors in the global market are resulting in increased consumer spending on halal food products globally. This, in turn, will impact the market growth positively during the forecast period.
The growth of the organized retail sector is a key trend influencing the halal food and beverage market growth. Hypermarkets and supermarkets are two of the major offline distribution channels for halal foods. Organized retailing is an integral part of these offline distribution channels, which facilitates the purchasing process for consumers and enables them to choose from a diverse range of halal food products. An increase in the number of organized retailers offering private-label halal foods is one of the major factors that are expected to drive the growth of the market during the forecast period.
For instance, Tesco offers halal foods under its Tesco brand. Similarly, ALDI offers a wide range of halal foods, such as Hydale Corned Beef and White Mill Plain Flour, through its private-label brand. In addition, a significant expansion in the number of retail stores offering halal foods is driving the growth of the market in focus. These retailers have a global presence, which helps them in improving the visibility of halal foods and increases the demand for such products. Such factors will support the market growth during the forecast period.
Lack of globally accepted regulatory standards for halal certification may impede halal food and beverage market growth. Country-specific standards and constantly evolving regulatory frameworks are major challenges faced by the global halal food market. Regulatory frameworks in the global halal food market are complex, as they vary across regions and countries. There is no feasible accreditation scheme to regulate the operations of halal certification bodies operating in various countries, as there are conflicts of interest among them. Currently, the regulatory framework for halal food certification is country-specific.
Malaysia's halal regulatory framework includes the domestic use, import, and export of halal-certified products. Australia is one of the major exporters of halal food products worldwide. India, China, and Brazil are other major exporters of halal food. Since halal food exports account for a major market share in terms of value, the lack of a globally accepted regulatory framework will hamper the growth of the market during the forecast period.
Our analysis of the life cycle of the market indicates a movement from the innovator’s stage to the laggard’s stage. The report illustrates the lifecycle of the market, focusing on the adoption rates of the major countries including the US, South Africa, Japan, China, and the UK. Technavio has included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop growth strategies from 2022 to 2027.
Global Halal Food Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the halal food and beverage market.
Alislami Foods- The company offers halal foods such as chicken burgers and beef burgers.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The halal food and beverage market share growth by the halal MPS segment will be significant during the forecast period. The segment primarily includes halal foods such as beef, lamb meat, goat meat, chicken, Turkey, and fish. The segment can be further classified as fresh halal meat, poultry, and seafood; minimally processed halal meat, poultry and seafood; and heavily processed halal meat, poultry, and seafood. Minimally processed halal meat, poultry, and seafood products are free of artificial ingredients or added colour. Minimal processing means that the product was processed in a manner that does not alter the characteristics of the product. Heavily processed halal meat, poultry, and seafood products include halal beef sausages; halal salami beef; halal corned beef; halal minute steak/beef ham; halal canned meat, poultry, and seafood; and halal frozen meat, poultry, and seafood.
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The halal MPS segment showed a gradual increase in the market share of USD 387.50 billion in 2017 and continued to grow by 2021. Globally, Indonesia, Turkey, Pakistan, and Iran are among the major consumers of halal meat, poultry, and seafood products. Brazil, India, Australia, the US, France, Turkey, New Zealand, the Netherlands, Pakistan, and Germany are the major exporters of fresh halal meat in the world, whereas Saudi Arabia, Egypt (Arab Republic of Egypt), Indonesia, the UAE, and Iraq are major global consumers of fresh halal meat. The introduction of new products under the minimally processed and heavily processed halal meat, poultry, and seafood categories is expected to drive the growth of the segment. Furthermore, our report provides a brief analysis of the historical and forecast market share and their segments along with the reasons for growth from 2017 to 2027.
The growth of this segment is primarily attributed to the increasing adoption of halal food, which is driven by an increase in the global demand for halal food.
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APAC is projected to contribute 51% of the market's growth by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The Philippines, Indonesia, Pakistan, Bangladesh, Malaysia, and Singapore are among the major markets for halal food in APAC. The increasing consumer expenditure on halal food is a major factor driving the regional halal food and beverage market. Major vendors have launched dedicated halal food production facilities in APAC. For instance, Nestle offers a range of halal food products at its manufacturing facility based in Australia.
This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. The COVID-19 pandemic had a drastic effect on the production, processing, and distribution of halal food products in APAC. The regional food supply chain suffered from disruptions owing to the imposition of lockdowns and restrictions in various countries. Since cross-border trade was closed, especially in APAC, the import of halal food products was halted in 2020. The rising number of COVID-19 cases among workers in meat processing plants also led to temporary shutdowns of meat processing and packaging units in 2020. These factors hampered the growth of the halal food and beverage market in the region for a short-term period in 2020. However, in 2021 the large-scale vaccination drives conducted in the region led to the lifting of lockdowns, and manufacturing industries resumed their operations in halal food production, which created a demand for halal food from end-users. The stabilization of the food supply chain and the increase in consumer spending in APAC on halal food products are expected to fuel the growth of the halal food market in APAC during the forecast period.
US Halal Food market - The market share is expected to increase to USD 9.33 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.62%.
Europe Halal Food market - Technavio’s market research analyst estimates the market share to grow at a CAGR of around 14% during the forecast period.
Our halal food market report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by type, product, distribution channel, and region.
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Halal Food Market Scope |
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Report Coverage |
Details |
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Page number |
171 |
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Base yearthe |
2022 |
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Historical year |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.52% |
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Market growth 2023-2027 |
USD 427.68 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
3.24 |
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Regional analysis |
APAC, the Middle East and Africa, Europe, South America, and North America |
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Performing market contribution |
APAC at 51% |
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Key consumer countries |
US, South Africa, Japan, China, and UK |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
Al Islami Foods, BRF SA, CJ CheilJedang Corp., Daesang Corp., Flying Trade Group Plc, Johnsonville LLC, Kawan Food Berhad, Midamar Corp., Nema Food Inc., Nestle SA, Prairie Halal Foods, QL Foods Sdn Bhd, Raj Foods Ltd., Ramly Food Processing, Tahira Foods Ltd., Tesco Plc, The American Halal Co. Inc., Unilever PLC, Cargill Inc., and Glanbia Plc |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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