Asia-pacific Halal Food & Beverage Market Forecast 2023-2032

The Asia-Pacific halal food & beverage market is set to project a CAGR of 6.10% during the forecast period, 2023-2032. Asia-Pacific harbors the largest Muslim population globally, housing around 63% of the global Muslim population. The countries with dense Muslim populations include Myanmar, Bangladesh, India, Pakistan, and Indonesia.

MARKET INSIGHTS

India, South Korea, Australia & New Zealand, Malaysia, China, Indonesia, Japan, Thailand, and Rest of Asia-Pacific are assessed for the Asia-Pacific halal food & beverage market growth analysis.

The significant proliferation of mosques across Japan in the past two decades indicates a profound transformation in the country's religious landscape. This change can be partly attributed to the growing number of interfaith marriages between Japanese individuals and Muslims, leading to conversion to Islam. However, the primary driver of this transformation is the increased immigration from Islamic nations.

Despite constituting a small minority, Japan's Muslim population surged to 230,000 from 110,000 by the end of 2010, with approximately 50,000 Japanese converts, as reported by Tanada Hirofumi from Waseda University. The nation now boasts over 110 mosques. Furthermore, certain Muslim-majority countries, such as Indonesia and Malaysia, have eased visa requirements for visitors to Japan, encouraging more travelers from these nations to explore Japan, partly facilitated by the expansion of low-cost air travel.

Whereas Korean cuisine and snacks commonly incorporate pork and its derivatives, such as lard and bacon, with a significant portion of meat served in restaurants lacking halal certification. Nonetheless, the dining landscape is witnessing a gradual shift, thanks to the increasing number of immigrants establishing halal eateries that offer both local and national cuisines, contributing to a slow but steady transformation. Prominent examples of Muslim-friendly restaurants, like Eid and Makan Murree, which serve halal Korean and international delicacies, are situated along the renowned 'Muslim Street' in Itaewon, Seoul.

COMPETITIVE INSIGHTS

Some of the eminent companies in the market are: Tariq Halal Meats, PrimaBaguz Sdn Bhd, Cargill Incorporated, etc.

Our report offerings include:

Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation caters to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Product Code: 67206

1. RESEARCH SCOPE & METHODOLOGY

1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
2.3. SCOPE OF STUDY
2.4. CRISIS SCENARIO ANALYSIS
- 2.4.1. IMPACT OF COVID-19 ON HALAL FOOD & BEVERAGE MARKET
2.5. MAJOR MARKET FINDINGS
- 2.5.1. GROWING INVESTOR INTEREST IN HALAL FOODS AND BEVERAGES
- 2.5.2. INTEGRATION OF TECHNOLOGY

3. MARKET DYNAMICS

3.1. KEY DRIVERS
- 3.1.1. CHANGING USER DEMOGRAPHIC WORLDWIDE
- 3.1.2. GROWING AWARENESS REGARDING HALAL FOODS AMONG NON-MUSLIMS
- 3.1.3. LAUNCH OF HALAL FOOD OPTIONS BY GIANT FOOD CHAINS
3.2. KEY RESTRAINTS
- 3.2.1. GRUELING IMPLEMENTATION OF HALAL STANDARDS THROUGHOUT THE VALUE CHAIN
- 3.2.2. MISLABELING
- 3.2.3. IMBALANCE BETWEEN DEMAND AND SUPPLY

4. KEY ANALYTICS

4.1. KEY MARKET TRENDS
4.2. PORTER'S FIVE FORCES ANALYSIS
- 4.2.1. BUYERS POWER
- 4.2.2. SUPPLIERS POWER
- 4.2.3. SUBSTITUTION
- 4.2.4. NEW ENTRANTS
- 4.2.5. INDUSTRY RIVALRY
4.3. GROWTH PROSPECT MAPPING
- 4.3.1. GROWTH PROSPECT MAPPING FOR INDONESIA
4.4. MARKET CONCENTRATION ANALYSIS
4.5. VALUE CHAIN ANALYSIS

5. MARKET BY USER DEMOGRAPHIC

5.1. MUSLIM
5.2. NON-MUSLIM

6. MARKET BY PRODUCT TYPE

6.1. HALAL FOOD
- 6.1.1. HALAL MEAT PRODUCTS
- 6.1.2. HALAL DAIRY PRODUCTS
- 6.1.3. HALAL GRAIN PRODUCTS
- 6.1.4. HALAL BAKERY & CONFECTIONERY PRODUCTS
- 6.1.5. OTHER HALAL FOODS
6.2. HALAL BEVERAGE
6.3. HALAL SUPPLEMENT

7. MARKET BY DISTRIBUTION CHANNEL

7.1. CONVENIENCE STORE
7.2. SPECIALTY STORE
7.3. SUPERMARKET & HYPERMARKET
7.4. ONLINE STORE
7.5. OTHER DISTRIBUTION CHANNELS

8. GEOGRAPHICAL ANALYSIS

8.1. ASIA-PACIFIC
- 8.1.1. MARKET SIZE & ESTIMATES
- 8.1.2. ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET DRIVERS
- 8.1.3. ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET CHALLENGES
- 8.1.4. ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET REGULATORY FRAMEWORK
- 8.1.5. KEY PLAYERS IN ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET
- 8.1.6. COUNTRY ANALYSIS
  - 8.1.6.1. CHINA
  - 8.1.6.1.1. CHINA HALAL FOOD & BEVERAGE MARKET SIZE & OPPORTUNITIES
  - 8.1.6.2. JAPAN
  - 8.1.6.2.1. JAPAN HALAL FOOD & BEVERAGE MARKET SIZE & OPPORTUNITIES
  - 8.1.6.3. INDIA
  - 8.1.6.3.1. INDIA HALAL FOOD & BEVERAGE MARKET SIZE & OPPORTUNITIES
  - 8.1.6.4. SOUTH KOREA
  - 8.1.6.4.1. SOUTH KOREA HALAL FOOD & BEVERAGE MARKET SIZE & OPPORTUNITIES
  - 8.1.6.5. INDONESIA
  - 8.1.6.5.1. INDONESIA HALAL FOOD & BEVERAGE MARKET SIZE & OPPORTUNITIES
  - 8.1.6.6. THAILAND
  - 8.1.6.6.1. THAILAND HALAL FOOD & BEVERAGE MARKET SIZE & OPPORTUNITIES
  - 8.1.6.7. MALAYSIA
  - 8.1.6.7.1. MALAYSIA HALAL FOOD & BEVERAGE MARKET SIZE & OPPORTUNITIES
  - 8.1.6.8. AUSTRALIA & NEW ZEALAND
  - 8.1.6.8.1. AUSTRALIA & NEW ZEALAND HALAL FOOD & BEVERAGE MARKET SIZE & OPPORTUNITIES
  - 8.1.6.9. REST OF ASIA-PACIFIC
  - 8.1.6.9.1. REST OF ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET SIZE & OPPORTUNITIES

9. COMPETITIVE LANDSCAPE

9.1. KEY STRATEGIC DEVELOPMENTS
- 9.1.1. MERGERS & ACQUISITIONS
- 9.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
- 9.1.3. PARTNERSHIPS & AGREEMENTS
9.2. COMPANY PROFILES
- 9.2.1. AL ISLAMI FOODS
  - 9.2.1.1. COMPANY OVERVIEW
  - 9.2.1.2. PRODUCT LIST
  - 9.2.1.3. STRENGTHS & CHALLENGES
- 9.2.2. BILAL GROUP
  - 9.2.2.1. COMPANY OVERVIEW
  - 9.2.2.2. PRODUCT LIST
  - 9.2.2.3. STRENGTHS & CHALLENGES
- 9.2.3. AMERICAN FOODS GROUP LLC
  - 9.2.3.1. COMPANY OVERVIEW
  - 9.2.3.2. PRODUCT LIST
  - 9.2.3.3. STRENGTHS & CHALLENGES
- 9.2.4. BRF SA
  - 9.2.4.1. COMPANY OVERVIEW
  - 9.2.4.2. PRODUCT LIST
  - 9.2.4.3. STRENGTHS & CHALLENGES
- 9.2.5. CARGILL INCORPORATED
  - 9.2.5.1. COMPANY OVERVIEW
  - 9.2.5.2. PRODUCT LIST
  - 9.2.5.3. STRENGTHS & CHALLENGES
- 9.2.6. CARREFOUR
  - 9.2.6.1. COMPANY OVERVIEW
  - 9.2.6.2. PRODUCT LIST
  - 9.2.6.3. STRENGTHS & CHALLENGES
- 9.2.7. CRESCENT FOODS
  - 9.2.7.1. COMPANY OVERVIEW
  - 9.2.7.2. PRODUCTS LIST
  - 9.2.7.3. STRENGTHS & CHALLENGES
- 9.2.8. ISLA DELICE
  - 9.2.8.1. COMPANY OVERVIEW
  - 9.2.8.2. PRODUCT LIST
  - 9.2.8.3. STRENGTHS & CHALLENGES
- 9.2.9. MIDAMAR
  - 9.2.9.1. COMPANY OVERVIEW
  - 9.2.9.2. PRODUCT LIST
- 9.2.10. NESTLE S.A
  - 9.2.10.1. COMPANY OVERVIEW
  - 9.2.10.2. PRODUCT LIST
  - 9.2.10.3. STRENGTHS & CHALLENGES
- 9.2.11. ONE WORLD FOODS
  - 9.2.11.1. COMPANY OVERVIEW
  - 9.2.11.2. PRODUCTS / SERVICES LIST
- 9.2.12. PRIMABAGUZ SDN BHD
  - 9.2.12.1. COMPANY OVERVIEW
  - 9.2.12.2. PRODUCT LIST
- 9.2.13. TAHIRA FOODS LIMITED
  - 9.2.13.1. COMPANY OVERVIEW
  - 9.2.13.2. PRODUCT LIST
- 9.2.14. SAFFRON ROAD
  - 9.2.14.1. COMPANY OVERVIEW
  - 9.2.14.2. PRODUCT LIST
- 9.2.15. TARIQ HALAL MEATS
  - 9.2.15.1. COMPANY OVERVIEW
  - 9.2.15.2. PRODUCT LIST

Product Code: 67206

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT - HALAL FOOD & BEVERAGE
TABLE 2: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY USER DEMOGRAPHIC, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)
TABLE 3: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY USER DEMOGRAPHIC, FORECAST YEARS, 2023-2032 (IN $ BILLION)
TABLE 4: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)
TABLE 5: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2023-2032 (IN $ BILLION)
TABLE 6: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY HALAL FOOD, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)
TABLE 7: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY HALAL FOOD, FORECAST YEARS, 2023-2032 (IN $ BILLION)
TABLE 8: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY DISTRIBUTION CHANNEL, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)
TABLE 9: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY DISTRIBUTION CHANNEL, FORECAST YEARS, 2023-2032 (IN $ BILLION)
TABLE 10: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)
TABLE 11: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ BILLION)
TABLE 12: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET REGULATORY FRAMEWORK
TABLE 13: KEY PLAYERS OPERATING IN ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET
TABLE 14: LIST OF MERGERS & ACQUISITIONS
TABLE 15: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 16: LIST OF PARTNERSHIPS & AGREEMENTS

LIST OF FIGURES

FIGURE 1: ANIMAL-BASED NON-HALAL PRODUCTS
FIGURE 2: KEY MARKET TRENDS
FIGURE 3: PORTER'S FIVE FORCES ANALYSIS
FIGURE 4: GROWTH PROSPECT MAPPING FOR INDONESIA
FIGURE 5: MARKET CONCENTRATION ANALYSIS
FIGURE 6: VALUE CHAIN ANALYSIS
FIGURE 7: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, GROWTH POTENTIAL, BY USER DEMOGRAPHIC, IN 2022
FIGURE 8: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY MUSLIM, 2023-2032 (IN $ BILLION)
FIGURE 9: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY NON-MUSLIM, 2023-2032 (IN $ BILLION)
FIGURE 10: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2022
FIGURE 11: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY HALAL FOOD, 2023-2032 (IN $ BILLION)
FIGURE 12: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, GROWTH POTENTIAL, BY HALAL FOOD, IN 2022
FIGURE 13: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY HALAL MEAT PRODUCTS, 2023-2032 (IN $ BILLION)
FIGURE 14: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY HALAL DAIRY PRODUCTS, 2023-2032 (IN $ BILLION)
FIGURE 15: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY HALAL GRAIN PRODUCTS, 2023-2032 (IN $ BILLION)
FIGURE 16: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY HALAL BAKERY & CONFECTIONERY PRODUCTS, 2023-2032 (IN $ BILLION)
FIGURE 17: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY OTHER HALAL FOODS, 2023-2032 (IN $ BILLION)
FIGURE 18: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY HALAL BEVERAGE, 2023-2032 (IN $ BILLION)
FIGURE 19: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY HALAL SUPPLEMENT, 2023-2032 (IN $ BILLION)
FIGURE 20: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, GROWTH POTENTIAL, BY DISTRIBUTION CHANNEL, IN 2022
FIGURE 21: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY CONVENIENCE STORE, 2023-2032 (IN $ BILLION)
FIGURE 22: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY SPECIALTY STORE, 2023-2032 (IN $ BILLION)
FIGURE 23: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY SUPERMARKET & HYPERMARKET, 2023-2032 (IN $ BILLION)
FIGURE 24: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY ONLINE STORE, 2023-2032 (IN $ BILLION)
FIGURE 25: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY OTHER DISTRIBUTION CHANNELS, 2023-2032 (IN $ BILLION)
FIGURE 26: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN%)
FIGURE 27: CHINA HALAL FOOD & BEVERAGE MARKET, 2023-2032 (IN $ BILLION)
FIGURE 28: JAPAN HALAL FOOD & BEVERAGE MARKET, 2023-2032 (IN $ BILLION)
FIGURE 29: INDIA HALAL FOOD & BEVERAGE MARKET, 2023-2032 (IN $ BILLION)
FIGURE 30: SOUTH KOREA HALAL FOOD & BEVERAGE MARKET, 2023-2032 (IN $ BILLION)
FIGURE 31: INDONESIA HALAL FOOD & BEVERAGE MARKET, 2023-2032 (IN $ BILLION)
FIGURE 32: THAILAND HALAL FOOD & BEVERAGE MARKET, 2023-2032 (IN $ BILLION)
FIGURE 33: MALAYSIA HALAL FOOD & BEVERAGE MARKET, 2023-2032 (IN $ BILLION)
FIGURE 34: AUSTRALIA & NEW ZEALAND HALAL FOOD & BEVERAGE MARKET, 2023-2032 (IN $ BILLION)
FIGURE 35: REST OF ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, 2023-2032 (IN $ BILLION)