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The global halal food market size is projected to grow by USD 427.68 billion with a CAGR of 4.52% between 2022 and 2027. 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.
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The Market is driven by the growing Muslim population and their adherence to Islamic dietary laws as outlined in the Quran. This market showcases a diverse range of Halal products, including meat, poultry, and seafood, meeting the demands of the Muslim community worldwide. Certification processes and Halal certification services play a crucial role in ensuring the authenticity of Halal foods amidst multiculturalism. However, challenges such as maintaining cleanliness and preventing debasements remain, highlighting the need for halal-based planning and addressing concerns related to impurity in non-permissible foods like pork and alcohol.
The increasing consumer expenditure on this is notably driving the halal industry. Until the past decade, the global market was only prominent in countries such as Indonesia, Malaysia, Saudi Arabia, Singapore, the UAE, and other Middle Eastern countries. Australia is one of the major exporters of food and beverages globally.
Moreover, the exports from Australia are expected to increase during the forecast period. Hence, such factors are positively impacting the market. 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. Hypermarkets and supermarkets are two of the major offline distribution channels for this product. 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 products.
Moreover, such factors are positively impacting the market. 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. Country-specific regulations and evolving frameworks pose major challenges. The complexity arises from varying standards across regions and a lack of a cohesive accreditation scheme to oversee certification bodies, leading to conflicts of interest. Presently, the regulatory framework for its' certification remains confined to individual countries.
Despite challenges, opportunities exist within this landscape. Countries like Malaysia have established comprehensive domestic regulations. 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.
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.
Al Islami 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 companies, including:
The Market is a dynamic segment catering to the Muslim population worldwide, adhering to Islamic dietary laws outlined in the Quran. This market is characterized by a range of Halal products, excluding pork, alcohol, and other non-permissible foods according to Islamic law.Certification processes ensure the authenticity of Halal foods, with Halal certification services playing a pivotal role. Meat, including poultry and seafood, forms a significant portion of Halal-certified food, meeting the dietary needs of the Muslim community.The market has witnessed colossal development due to increasing demand, emphasizing cleanliness and purity to avoid impurity or debasements. Halal-based planning encompasses a variety of products such as fruits and vegetables, dairy products, and cereals and grains, reflecting the diversity of Halal-certified food available.
The market share growth by the halal meat and poultry 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.
Halal Food Products: Meat and Poultry
The segment can be further classified as a fresh meat market, poultry, and seafood products that are free of artificial ingredients or added color.
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The growth of this segment is primarily attributed to the increasing adoption of the market, which is driven by an increase in global demand.
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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.
This has gained popularity not just among Muslim consumers but also among those seeking ethically sourced and top-quality choices. Non-Muslim individuals are showing a rising interest due to perceived health benefits, ethical considerations, and the assurance of superior quality. Both Muslim and non-Muslim consumer communities often link Halal certification with elevated standards in terms of quality, hygiene, and adherence to specific guidelines. Younger generations, particularly Millennials and Generation Z, are increasingly drawn, and influenced by social media exposure, travel encounters, and a heightened emphasis on ethical and sustainable consumption practices.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments
The market is a reflection of the diverse Muslim population worldwide, embodying multiculturalism through its certification processes for Halal products. This market encompasses a wide range of items, including fruits, vegetables, dairy products, cereals, grains, oils, fats, and waxes, catering to the dietary needs prescribed by Islamic law. Certification services ensure compliance with Halal standards, appealing to consumers across traditional and online retail channels.
Moreover, halal food production involves stringent measures to maintain cleanliness, prevent debasements or impurities, and adhere to Halal-based planning. The market sees substantial growth driven by increasing demand, especially in the meat segment, fish items, and poultry industry. Good dieting patterns, packaged processed meat items, and meat conservation techniques contribute to customer satisfaction and market expansion.With the advent of digitalization, online retail channels play a significant role in catering to the diverse needs of consumers globally. Premiumization is evident with the introduction of innovative Halal products commanding a premium price in mature markets. However, challenges such as limited availability, nutrient value concerns, and ensuring compliance with Halal standards remain areas of focus for the market's sustained growth and success.
Furthermore, the Market is experiencing significant growth, driven by various factors such as the increasing demand from the Global Muslim population and the emergence of Halal certification services ensuring compliance with Islamic dietary laws. This market encompasses a wide range of products including fruits and vegetables, cereals and grains, and oils that meet the strict criteria of the Muslim diet. Traditional retailers and online retailers play a crucial role in distributing Halal-certified products to consumers across Islamic nations and non-Islamic nations alike. The commercial sector has witnessed colossal development, with multinational food conglomerates and food manufacturers investing in producing high-quality Halal products.
Market Scope |
|
Report Coverage |
Details |
Page number |
171 |
Base year |
2022 |
Historical year |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.52% |
Market growth 2023-2027 |
USD 427.68 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.24 |
Regional analysis |
APAC, the Middle East and Africa, Europe, South America, and North America |
Performing market contribution |
APAC at 51% |
Key consumer countries |
US, South Africa, Japan, China, and UK |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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 |
Market dynamics |
Parent market analysis, market forecast, Market forecasting, Market growth inducers and obstacles, market growth and forecasting, Fast-growing and slow-growing segment analysis, market report, market trends and analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the 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 Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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