Halal Food Market By Product Type, By Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

According to a new report published by Allied Market Research, titled, "Halal Food Market," The halal food market was valued at $2.3 trillion in 2022, and is estimated to reach $7450.9 billion by 2032, growing at a CAGR of 12.4% from 2023 to 2032.

Halal, an Arabic word meaning "permissible" in English, refers to something that is allowed to be used or an activity that is approved under Islamic law. The words "halal" and "haram," which both imply "forbidden" or "prohibited by Islamic law," are contrasted throughout the Koran. For some items to be classified as halal, they need to be certified by an authorized body that meets certain content and/or procedure standards.

Over the past few decades, the American halal business has grown significantly, and this growth is expected to continue in the future. Americans who were raised in other religions are now switching to Islam because society in the US has grown more tolerant of viewpoints that diverge from their own. There will be more halal items available in American grocery shops as the Muslim population in the country grows. This will also result in more eateries applying for halal certification so they may provide their patrons with halal food. These businesses will receive strong support from the Islamic community because there aren't many American retailers and eateries offering halal food. If they are successful, other retailers and eateries will follow suit.

The popularity of halal food and goods is rising quickly both in the US and globally. The halal consumer community needs to be able to buy products for their daily lives, including halal beauty products and halal meat. After businesses become certified in halal practices or start stocking halal goods, the Islamic community can start buying products tailored to their needs. The Islamic community will have more shopping options as more businesses will sell halal goods and restaurants will provide halal cuisine. This is because some companies will produce goods that are specially tailored to the religious practices of the Islamic community. People will see the benefits of a growing halal business and the beneficial economic effects it will have on the world economy once they are informed about the truth about halal products.

The increasing popularity of halal cuisine is a testament to the rich diversity of Middle Eastern culinary traditions, resonating with the evolving gastronomic preferences of consumers worldwide. The aromatic allure of halal food has permeated both quaint rural areas and bustling metropolises, transcending mere sustenance to become a lifestyle choice that harmonizes tradition with contemporary living.

Religious considerations, notably for Islamic dietary laws, emerge as a prominent factor driving the growing demand for halal food. This culinary choice has found favor across various religions, reflecting a diverse array of motivations. The multifaceted nature of halal menus mirrors the complexity of reasons behind its burgeoning popularity.

Quality is a pivotal driver in the escalating demand for halal cuisine. The certification as halal often entails adherence to rigorous quality control protocols, ensuring that the food meets the highest standards of safety, hygiene, and overall excellence. Ethical considerations, such as humane treatment of animals and ethical sourcing, further contribute to the appeal of halal cuisine among conscientious consumers.

On a global scale, nations are adapting their economic policies to accommodate consumer preferences and instill confidence in halal products. A notable example is Indonesia, home to the world's largest Muslim population (207 million people), which enacted the Halal Product Law in 2019. This legislation mandates halal certification for all consumer items and related services traded within the country. While certain items considered haram, such as alcohol, pig or hog byproducts, blood, and non-halal meat, are permitted under the law, they are subject to specific regulations to ensure compliance with Islamic principles. This regulatory shift reflects the broader global trend of aligning economic policies with the growing demand for halal products.

The introduction of mandatory halal certification laws in Indonesia has resulted in an increased level of government control and oversight over the country's production and trade. This regulatory measure aims to bolster consumer confidence and streamline the halal logistics system. Notably, an integrated halal product codification and trade data system is slated to become operational by the end of 2021. This system is designed to enhance consumer trust by optimizing halal logistics processes and improving traceability throughout the supply chain.

In a similar vein, the Kingdom of Saudi Arabia expanded the scope of its mandatory halal certification requirements in 2019. The extension included imported dairy products, oils and fats, confections, chilled and frozen meals, as well as items with a prolonged shelf life. This broader application of halal certification reflects the Saudi government's commitment to ensuring the halal integrity of a diverse range of products entering the market. Such measures contribute to the standardization of halal practices and reinforce the significance of halal certification in international trade.

The halal food market is segmented based on type, end-user, and region. Based on product type, the market is categorized into meat and poultry, dairy products, fish and seafood, cereals and confectionery, and others. According to the distribution channel, it is fragmented into traditional retailers, supermarkets and hypermarkets, online, and others. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and the rest of Europe), Asia-Pacific (China, India, Indonesia, Australia, Malaysia, Rest of Asia Pacific), and LAMEA (Brazil, UAE, Saudi Arabia, Argentina, Turkey, and the rest of LAMEA).

The major players operating in the global halal food are Saffron Road, Kawan Food Manufacturing Sdn Bhd, Al Islami Foods, QL Foods Sdn Bhd, Nestle S.A., American Foods Group, LLC, BRF S.A., Unilever PLC, Cargill, Incorporated, and TAHIRA

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the halal food market analysis from 2022 to 2032 to identify the prevailing halal food market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the halal food market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global halal food market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

Quarterly Update and* (only available with a corporate license, on listed price)
5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
Free Upcoming Version on the Purchase of Five and Enterprise User License.
16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
Free data Pack on the Five and Enterprise User License. (Excel version of the report)
Free Updated report if the report is 6-12 months old or older.
24-hour priority response*
Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

Average Consumer Expenditure
Regulatory Guidelines
Strategic Recommedations
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Average Selling Price Analysis / Price Point Analysis
Expanded list for Company Profiles
Historic market data
List of customers/consumers/raw material suppliers- value chain analysis
Per Capita Consumption Trends
Product Consumption Analysis

Key Market Segments

By Product Type

Meat and Poultry
Dairy Products
Fish and Seafood
Cereals and Confectionery
Others

By Distribution Channel

Traditional Retailers
Supermarkets and Hypermarkets
Online
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- Italy
- UK
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- India
- Indonesia
- Australia
- Malaysia
- Rest of Asia-Pacific
LAMEA
- Brazil
- UAE
- Saudi Arabia
- Argentina
- Turkey
- Rest of LAMEA

Key Market Players:

Saffron Road
Al Islami Foods
Kawan Food Berhad
QL Resources Berhad
Nestle S.A.
American Foods Group, LLC
BRF S.A.
Unilever PLC
Cargill, Incorporated
Tahira Foods Ltd.

Product Code: A04955

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Growing Muslim Population
  - 3.4.1.2. Increase in Purchasing Power of Consumers
  - 3.4.1.3. Increasing demand for halal food products
- 3.4.2. Restraints
  - 3.4.2.1. Government regulations on Halal food certification
  - 3.4.2.2. Restrictions during storage and transport facility
- 3.4.3. Opportunities
  - 3.4.3.1. Increasing need of Halal Certification

CHAPTER 4: HALAL FOOD MARKET, BY PRODUCT TYPE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Meat and Poultry
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Dairy Products
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Fish and Seafood
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
4.5. Cereals and Confectionery
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
4.6. Others
- 4.6.1. Key market trends, growth factors and opportunities
- 4.6.2. Market size and forecast, by region
- 4.6.3. Market share analysis by country

CHAPTER 5: HALAL FOOD MARKET, BY DISTRIBUTION CHANNEL

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Traditional Retailers
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Supermarkets and Hypermarkets
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Online
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
5.5. Others
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country

CHAPTER 6: HALAL FOOD MARKET, BY REGION

6.1. Overview
- 6.1.1. Market size and forecast By Region
6.2. North America
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by Product Type
- 6.2.3. Market size and forecast, by Distribution Channel
- 6.2.4. Market size and forecast, by country
  - 6.2.4.1. U.S.
  - 6.2.4.1.1. Market size and forecast, by Product Type
  - 6.2.4.1.2. Market size and forecast, by Distribution Channel
  - 6.2.4.2. Canada
  - 6.2.4.2.1. Market size and forecast, by Product Type
  - 6.2.4.2.2. Market size and forecast, by Distribution Channel
  - 6.2.4.3. Mexico
  - 6.2.4.3.1. Market size and forecast, by Product Type
  - 6.2.4.3.2. Market size and forecast, by Distribution Channel
6.3. Europe
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by Product Type
- 6.3.3. Market size and forecast, by Distribution Channel
- 6.3.4. Market size and forecast, by country
  - 6.3.4.1. Germany
  - 6.3.4.1.1. Market size and forecast, by Product Type
  - 6.3.4.1.2. Market size and forecast, by Distribution Channel
  - 6.3.4.2. Italy
  - 6.3.4.2.1. Market size and forecast, by Product Type
  - 6.3.4.2.2. Market size and forecast, by Distribution Channel
  - 6.3.4.3. UK
  - 6.3.4.3.1. Market size and forecast, by Product Type
  - 6.3.4.3.2. Market size and forecast, by Distribution Channel
  - 6.3.4.4. France
  - 6.3.4.4.1. Market size and forecast, by Product Type
  - 6.3.4.4.2. Market size and forecast, by Distribution Channel
  - 6.3.4.5. Spain
  - 6.3.4.5.1. Market size and forecast, by Product Type
  - 6.3.4.5.2. Market size and forecast, by Distribution Channel
  - 6.3.4.6. Rest of Europe
  - 6.3.4.6.1. Market size and forecast, by Product Type
  - 6.3.4.6.2. Market size and forecast, by Distribution Channel
6.4. Asia-Pacific
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by Product Type
- 6.4.3. Market size and forecast, by Distribution Channel
- 6.4.4. Market size and forecast, by country
  - 6.4.4.1. China
  - 6.4.4.1.1. Market size and forecast, by Product Type
  - 6.4.4.1.2. Market size and forecast, by Distribution Channel
  - 6.4.4.2. India
  - 6.4.4.2.1. Market size and forecast, by Product Type
  - 6.4.4.2.2. Market size and forecast, by Distribution Channel
  - 6.4.4.3. Indonesia
  - 6.4.4.3.1. Market size and forecast, by Product Type
  - 6.4.4.3.2. Market size and forecast, by Distribution Channel
  - 6.4.4.4. Australia
  - 6.4.4.4.1. Market size and forecast, by Product Type
  - 6.4.4.4.2. Market size and forecast, by Distribution Channel
  - 6.4.4.5. Malaysia
  - 6.4.4.5.1. Market size and forecast, by Product Type
  - 6.4.4.5.2. Market size and forecast, by Distribution Channel
  - 6.4.4.6. Rest of Asia-Pacific
  - 6.4.4.6.1. Market size and forecast, by Product Type
  - 6.4.4.6.2. Market size and forecast, by Distribution Channel
6.5. LAMEA
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by Product Type
- 6.5.3. Market size and forecast, by Distribution Channel
- 6.5.4. Market size and forecast, by country
  - 6.5.4.1. Brazil
  - 6.5.4.1.1. Market size and forecast, by Product Type
  - 6.5.4.1.2. Market size and forecast, by Distribution Channel
  - 6.5.4.2. UAE
  - 6.5.4.2.1. Market size and forecast, by Product Type
  - 6.5.4.2.2. Market size and forecast, by Distribution Channel
  - 6.5.4.3. Saudi Arabia
  - 6.5.4.3.1. Market size and forecast, by Product Type
  - 6.5.4.3.2. Market size and forecast, by Distribution Channel
  - 6.5.4.4. Argentina
  - 6.5.4.4.1. Market size and forecast, by Product Type
  - 6.5.4.4.2. Market size and forecast, by Distribution Channel
  - 6.5.4.5. Turkey
  - 6.5.4.5.1. Market size and forecast, by Product Type
  - 6.5.4.5.2. Market size and forecast, by Distribution Channel
  - 6.5.4.6. Rest of LAMEA
  - 6.5.4.6.1. Market size and forecast, by Product Type
  - 6.5.4.6.2. Market size and forecast, by Distribution Channel

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction
7.2. Top winning strategies
7.3. Product mapping of top 10 player
7.4. Competitive dashboard
7.5. Competitive heatmap
7.6. Top player positioning, 2022

CHAPTER 8: COMPANY PROFILES

8.1. Saffron Road
- 8.1.1. Company overview
- 8.1.2. Key executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Product portfolio
8.2. Al Islami Foods
- 8.2.1. Company overview
- 8.2.2. Key executives
- 8.2.3. Company snapshot
- 8.2.4. Operating business segments
- 8.2.5. Product portfolio
- 8.2.6. Key strategic moves and developments
8.3. QL Resources Berhad
- 8.3.1. Company overview
- 8.3.2. Key executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
- 8.3.6. Business performance
8.4. Kawan Food Berhad
- 8.4.1. Company overview
- 8.4.2. Key executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
- 8.4.6. Business performance
- 8.4.7. Key strategic moves and developments
8.5. Nestle S.A.
- 8.5.1. Company overview
- 8.5.2. Key executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
- 8.5.6. Business performance
- 8.5.7. Key strategic moves and developments
8.6. Tahira Foods Ltd.
- 8.6.1. Company overview
- 8.6.2. Key executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
- 8.6.6. Key strategic moves and developments
8.7. American Foods Group, LLC
- 8.7.1. Company overview
- 8.7.2. Key executives
- 8.7.3. Company snapshot
- 8.7.4. Operating business segments
- 8.7.5. Product portfolio
- 8.7.6. Key strategic moves and developments
8.8. BRF S.A.
- 8.8.1. Company overview
- 8.8.2. Key executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
- 8.8.6. Business performance
- 8.8.7. Key strategic moves and developments
8.9. Unilever PLC
- 8.9.1. Company overview
- 8.9.2. Key executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
- 8.9.6. Business performance
- 8.9.7. Key strategic moves and developments
8.10. Cargill, Incorporated
- 8.10.1. Company overview
- 8.10.2. Key executives
- 8.10.3. Company snapshot
- 8.10.4. Operating business segments
- 8.10.5. Product portfolio
- 8.10.6. Business performance
- 8.10.7. Key strategic moves and developments