Halal Food Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR43716
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The halal food market has the potential to grow by USD 388.11 billion during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 4.46%.

This halal food market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this 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, MEA, Europe, South America, and North America). The halal food market report also offers information on several market vendors, including Al Islami Foods, BRF SA, Cargill Inc., Flying Trade Group PLC, Kawan Food Berhad, Midamar Corp., Nestle SA, Tahira Foods Ltd., The American Halal Co. Inc., and Unilever Group among others.

What will the Halal Food Market Size be in 2021?

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Halal Food Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing consumer expenditure on halal food is notably driving the halal food market growth, although factors such as the increasing threats from fake halal food scams may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the halal food industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

This halal food market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Halal Food Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Al Islami Foods
  • BRF SA
  • Cargill Inc.
  • Flying Trade Group PLC
  • Kawan Food Berhad
  • Midamar Corp.
  • Nestle SA
  • Tahira Foods Ltd.
  • The American Halal Co. Inc.
  • Unilever Group

 

This statistical study of the halal food market encompasses successful business strategies deployed by the key vendors. The halal food market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The halal food market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Halal Food Market?

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52% of the market’s growth will originate from APAC during the forecast period. Japan and China are the key markets for halal food in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Halal Food Market?

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The halal food 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 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. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the halal food market size and actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Halal Food Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive halal food market growth during the next five years
  • Precise estimation of the halal food market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the halal food industry across APAC, MEA, Europe, South America, and North America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of halal food market vendors

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Halal Food Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 4.46%

Market growth 2021-2025

$ 388.11 billion

Market structure

Fragmented

YoY growth (%)

8.69

Regional analysis

APAC, MEA, Europe, South America, and North America

Performing market contribution

APAC at 52%

Key consumer countries

Japan, US, South Africa, China, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Al Islami Foods, BRF SA, Cargill Inc., Flying Trade Group PLC, Kawan Food Berhad, Midamar Corp., Nestle SA, Tahira Foods Ltd., The American Halal Co. Inc., and Unilever Group

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces analysis 2020 & 2025
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Halal MPS - Market size and forecast 2020-2025
    • Halal BCC - Market size and forecast 2020-2025
    • Halal FVN - Market size and forecast 2020-2025
    • Halal beverages - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by Distribution channel

    • Market segments
    • Comparison by Distribution channel
    • Offline - Market size and forecast 2020-2025
    • Online - Market size and forecast 2020-2025
    • Market opportunity by Distribution channel

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Al Islami Foods
    • BRF SA
    • Cargill Inc.
    • Flying Trade Group PLC
    • Kawan Food Berhad
    • Midamar Corp.
    • Nestle SA
    • Tahira Foods Ltd.
    • The American Halal Co. Inc.
    • Unilever Group

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    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.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
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    The halal food market growth will increase by $624.52 billion during 2019-2024.
    The halal food market is expected to grow at a CAGR of 7.09% during 2019-2024.
    Technavio has segmented the halal food market by product (Halal meat, poultry, and seafood, Halal bakery, confectionery, and cocoa, Halal fruits, vegetables, and nuts, Halal beverages, and Others) and geographic (APAC, MEA, Europe, South America, and North America).
    Al Islami Foods, BRF SA, Cargill Inc., Flying Trade Ltd., Kawan Food Berhad, Midamar Corp., Nestle SA, Tahira Foods Ltd., The American Halal Co. Inc., Unilever Group are a few of the key vendors in the halal food market.
    APAC will register the highest growth rate of 51.35% among the other regions. Therefore, the halal food market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    • Indonesia
    • Turkey
    • Pakistan
    • Egypt (Arab Republic of Egypt)
    • Bangladesh
    The key factors driving the halal food market growth are:
    • Increasing consumer expenditure on halal food
    The halal food market vendors should focus on grabbing business opportunities from the halal meat, poultry, and seafood segment as it accounted for the largest market share in the base year.
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