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The halal food market size is projected to increase by USD 332.9 billion and is estimated to grow at a CAGR of 3.48% between between 2023 and 2028. The halal-certified food market presents a diverse array of products spanning meat, poultry, dairy, snacks, and extends to cosmetics and personal care items. This appeal extends beyond the Muslim community, attracting individuals who prioritize ethical and premium-quality food choices. The market's growth is propelled by an expanding range of offerings in this segment. Furthermore, the surge in global companies entering this market niche is driving up consumer expenditure worldwide. As a result, halal-certified products are becoming increasingly popular not only among Muslims but also among consumers seeking transparency, authenticity, and conscientious consumption in their dietary and personal care selections.
The APAC market is experiencing significant growth driven by the rising consumer expenditure on halal food. Companies like Al Islami Foods are playing a crucial role in this trend, offering a range of halal products such as chicken burgers and beef burgers. This surge in demand for halal food is influenced by several factors, including the increasing Muslim population in the region, a growing awareness of halal dietary requirements, and preferences for ethically sourced and certified products.
The market shows an Accelerate CAGR during the forecast period.
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The market caters to the dietary needs of the Muslim population, which comprises a significant portion of the global population. This market is driven by the multiculturalism and the importance of adhering to Islamic dietary laws. Halal certification processes are essential for ensuring the authenticity of Halal products, which exclude pork, alcohol, and other non-permissible foods. The market for Halal foods, including meat, poultry, seafood, fruits and vegetables, dairy products, and cereals and grains, is witnessing colossal development. Multinational food conglomerates have recognized the potential of this market and have started offering Halal-certified food. Halal certification services play a crucial role in maintaining cleanliness and avoiding debasements and impurities. The Islamic law, as outlined in the Quran, emphasizes the importance of cleanliness and purity in food preparation.
The increasing consumer expenditure on this is notably driving the halal industry. The market caters to the dietary needs of the Muslim population, which represents approximately 25% of the global population. With the increasing trend of multiculturalism and the recognition of Halal products as a niche market, multinational food conglomerates have started integrating Halal certification processes into their manufacturing practices. Halal certification services ensure adherence to Islamic dietary laws, which prohibit the consumption of meat from pigs and alcohol.
Moreover, the market encompasses a wide range of products, including meat, poultry, seafood, fruits and vegetables, dairy products, cereals and grains, oil, fats, waxes, confectionery, and more. The meat segment, particularly halal meat, holds a significant market share due to its religious significance. This, in turn, will impact the market growth positively during the forecast period.
The popularity of the organized retail sector is a key trend influencing market growth. The market caters to the dietary needs of the Muslim population, which represents a significant consumer base due to the principles of multiculturalism and adherence to Islamic law. Organized retailing, including traditional retailers such as hypermarkets and supermarkets, plays a crucial role in the distribution of Halal products. Tesco Plc, Target Brands Inc., and ALDI Inc. are notable players in this sector, providing a wide array of Halal meat, poultry, seafood, fruits and vegetables, dairy products, cereals and grains, oil, fats, waxes, confectionery, and other Halal-certified items.
Moreover, the commercial sector's colossal development has led to an increase in the number of multinational food conglomerates offering Halal certification services. An increase in the number of organized retailers offering private-label is one of the major factors that are expected to drive the popularity of the market during the forecast period.
The market faces significant hurdles due to the absence of universally accepted regulatory standards for certification. The market caters to the dietary needs of the Muslim population, which represents a significant portion of the global multiculturalism. Halal products, including meat, poultry, seafood, fruits and vegetables, dairy products, cereals and grains, oil, fats, waxes, confectionery, and more, are subjected to stringent certification processes to ensure adherence to Islamic dietary laws.
However, the market faces a persistent challenge with the circulation of counterfeit Halal products. Multinational food conglomerates and halal certification services have been implicated in this issue, with factories in Malaysia, China, India, and Thailand found to have packaged and labeled non-halal products with fake Halal logos. Australia, India, China, and Brazil are significant exporters of this, signaling market potential. Addressing regulatory challenges could unlock substantial growth opportunities in the global market during the forecast period.
The growing focus on offline segment will increase the market growth. The poultry industry plays a significant role in the market, catering to the health-conscious consumer base that adheres to good dieting patterns. Meat conservation is crucial in this sector to ensure the freshness and quality of halal products. Customer demand for halal certified dairy, oat-based products, fruits, and vegetables continues to rise in Islamic and non-Islamic nations alike. Traditional retailers, such as butcher shops, remain essential in the supply chain, while supermarkets and hypermarkets have emerged as key store channels. Digitalization and the growth of online retail channels have led to premiumization and the availability of high-quality, innovative halal products at a premium price. Hence, such factors are fuelling the growth of this segment which in turn drives the market during the forecast period.
The Halal MPS segment is estimated to witness significant growth during the forecast period. The market caters to the dietary needs of the Muslim population, a significant and growing demographic worldwide. This market is shaped by multiculturalism and the adherence to Islamic dietary laws, which prohibit the consumption of pork and alcohol, as well as non-permissible foods.
The Halal MPS segment was the largest segment and valued at USD 401 billion in 2018.
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The Halal food industry encompasses a wide range of products, including meat, poultry, and seafood, as well as fruits and vegetables, dairy products, cereals and grains, oil, fats, waxes, confectionery, and more. Certification processes are crucial in the market, ensuring the authenticity and adherence to Islamic law. Hence, such factors are fuelling the growth of this segment which in turn drives the market during the forecast period.
APAC is estimated to contribute 51% to the growth of the global market during the forecast period
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Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The Market encompasses a wide array of food products that adhere to Islamic dietary laws. Key sectors include the poultry industry, which caters to the high demand for halal meat. Good dieting patterns emphasize meat conservation, leading to a growing preference for high-quality, innovative halal products, commanding premium prices. Customer demand extends beyond traditional retailers and butcher shops in Islamic nations, reaching non-Islamic markets through various store channels and digitalization. Dairy and oat-based products are integral components of the Market, providing health benefits and nutrient value. Fruits and vegetables, also halal, contribute to a balanced diet. The market's maturity is evident in the increasing availability of halal certifications, ensuring adherence to Islamic dietary laws. Hence, such factors are driving the market growth in APAC during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market forecasting growth and analysis.
The market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
BRF SA, CJ CheilJedang Corp., Daesang Corp., Flying Trade Group Plc, Glanbia 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., and Unilever PLC
The market analysis and report of qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The market is a significant sector in the global food industry, marked by its growing demand and diversity. Halal food production and marketing involve adhering to specific Islamic dietary laws, ensuring the sourcing of permissible ingredients and the application of ethical slaughtering practices. Halal food caters to a large and expanding consumer base, particularly in countries with a predominantly Muslim population. The market is driven by factors such as increasing awareness and acceptance of Halal food, growing Muslim population, and the availability of Halal certification. Halal food manufacturers and retailers employ various strategies to meet consumer demands, including product innovation, expansion into new markets, and the use of technology to streamline production and distribution. The market is expected to continue its growth trajectory, offering opportunities for businesses to tap into this lucrative and dynamic sector.
Market Scope |
|
Report Coverage |
Details |
Page number |
177 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.48% |
Market growth 2024-2028 |
USD 332.9 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.31 |
Regional analysis |
APAC, Middle East and Africa, Europe, South America, and North America |
Performing market contribution |
APAC at 51% |
Key countries |
Japan, US, South Africa, China, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Al Islami Foods, BRF SA, Cargill Inc., CJ CheilJedang Corp., Daesang Corp., Flying Trade Group Plc, Glanbia 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., and Unilever PLC |
Market dynamics |
Parent market analysis, market trends and analysis, market growth analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
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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 Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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