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PUBLISHER: Polaris Market Research | PRODUCT CODE: 1504958
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1504958
Halal Foods Market Share, Size, Trends, & Industry Analysis Report By Product Type (Raw Meat, Processed & Packed Food, Bakery & Confectionery, Others); By Distribution Channel; By Region, Segment Forecasts, 2024 - 2032
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The global Halal Foods market size is expected to reach USD 5,683.53 billion by 2032, according to a new study by Polaris Market Research. The report "Halal Foods Market Share, Size, Trends, Industry Analysis Report, By Product Type (Raw Meat, Processed & Packed Food, Bakery & Confectionery, Others); By Distribution Channel; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing Islamic population around the world is the primary reason for the significant demand the halal food market is expected to see during the forecast period. In addition, another factor propelling the market growth is the increasing number of vegans who follow only vegan diets worldwide. It is anticipated that halal food and drink products will be produced, packaged, stored, and served by Islamic law. These products are regarded as fresher, healthier, and far more organic.
Governments and regulatory agencies, particularly in nations with a majority of Muslims, have launched several initiatives to support and oversee the halal food sector in collaboration with their counterparts. This covers the procedures for laws, licenses, and labeling specifications. The global halal food trade is expanding, creating new growth opportunities, which is reinforced by the expansion of the travel and tourism sector. Due to Muslim tourists' desire for halal cuisine, non-Islamic countries have opened halal eateries, cafes, and other establishments.
The absence of globally recognized definitions of Halal and the variations in national certification procedures are impeding market expansion. Along with this, supply chain logistical issues like guaranteeing the separation of non-Halal and Halal goods raise operating expenses for companies. The restricted availability of products bearing the Halal certification in specific markets limits consumer options and hinders the growth of the industry.
There are many regional and local players in the highly fragmented halal foods market. To stay competitive, businesses have been using a range of expansion tactics, including partnerships and the introduction of new products. For example, in October 2022, to strengthen the partnership further, Ghanim International Corporation (Brunei) and ZES Trading (Bangladesh) signed an MOU. Simultaneously, Ghanim International Corporation introduced Brunei Halal food products in Bangladesh.
Halal Foods Market Report Highlights
The raw meat segment is predicted to have a larger revenue share due to the high demand for Halal-certified raw meat among consumers who stick to the Islamic dietary laws, which emphasize a premium on the consumption of meat prepared in accordance with Halal principles.
Due to a number of factors that accommodate consumer convenience and preferences in the Halal food market, supermarkets and hypermarkets have become the primary distribution channels for Halal foods. With a wide variety of Halal products available under one roof, these retail formats give customers a convenient shopping experience.
The Asia Pacific region became the market leader for halal foods in 2023, owing to its profitable growth surged by a sizeable Muslim population that makes up a sizable consumer base that follows halal dietary practices. The foundation of the halal foods market has been significantly shaped by nations with sizable Muslim populations, such as Bangladesh, Pakistan, Malaysia, Indonesia, and Pakistan.
The global key market players include Al Islami Foods, Al-Falah Halal Foods Ltd., American Halal Company, Inc., BRF S.A., Cargill, Incorporated, DagangHalal Group, Kawan Food Berhad, Midamar Corporation, Nema Food Company, Nestle S.A, One World Foods Inc., Prima Agri-Products, QL Foods, Rosen's Diversified Inc., Saffron Road, Unilever, etc.
Polaris Market Research has segmented the Halal Foods market report based on product type, distribution channel, and region:
Halal Foods, Product Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Raw Meat
- Processed & Packed Food
- Bakery & Confectionery
- Others
Halal Foods, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)
- Supermarkets & Hypermarkets
- Convenience Stores
- Online Stores
- Specialty Stores
- Others
Halal Foods, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Product Code: PM1476
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Halal Food Market Insights
- 4.1. Halal Food Market - Industry Snapshot
- 4.2. Halal Food Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Technological advancement in halal food products drives market growth
- 4.2.1.2. Increase in halal food chains and retail outlets
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Lack of a standardized definition of Halal, along with varying certification processes, creating confusion and hindering market growth
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Halal Food Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Halal Food Market, by Product Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Forklift, by Product Type, 2019-2032 (USD Billion)
- 5.3. Raw Meat
- 5.3.1. Global Halal Food Market, by Raw Meat, by Region, 2019-2032 (USD Billion)
- 5.4. Processed & Packed Food
- 5.4.1. Global Halal Food Market, by Processed & Packed Food, by Region, 2019-2032 (USD Billion)
- 5.5. Bakery & Confectionery
- 5.5.1. Global Halal Food Market, by Bakery & Confectionery, by Region, 2019-2032 (USD Billion)
- 5.6. Others
- 5.6.1. Global Halal Food Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Halal Food Market, by Distribution Channel
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- 6.3. Supermarkets & Hypermarkets
- 6.3.1. Global Halal Food Market, by Supermarkets & Hypermarkets, by Region, 2019-2032 (USD Billion)
- 6.4. Convenience Stores
- 6.4.1. Global Halal Food Market, by Convenience Stores, by Region, 2019-2032 (USD Billion)
- 6.5. Online Stores
- 6.5.1. Global Halal Food Market, by Online Stores, by Region, 2019-2032 (USD Billion)
- 6.6. Specialty Stores
- 6.6.1. Global Halal Food Market, by Specialty Stores, by Region, 2019-2032 (USD Billion)
- 6.7. Others
- 6.7.1. Global Halal Food Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Halal Food Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Halal Food Market Assessment, By Geography, 2019-2032 (USD Billion)
- 7.3. Halal Food Market - North America
- 7.3.1. North America: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.3.2. North America: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- 7.3.3. Halal Food Market - U.S.
- 7.3.3.1. U.S.: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.3.3.2. U.S.: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- 7.3.4. Halal Food Market - Canada
- 7.3.4.1. Canada: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.3.4.2. Canada: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- 7.4. Halal Food Market - Europe
- 7.4.1. Europe: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.4.2. Europe: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- 7.4.3. Halal Food Market - UK
- 7.4.3.1. UK: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.4.3.2. UK: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- 7.4.4. Halal Food Market - France
- 7.4.4.1. France: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.4.4.2. France: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- 7.4.5. Halal Food Market - Germany
- 7.4.5.1. Germany: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.4.5.2. Germany: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- 7.4.6. Halal Food Market - Italy
- 7.4.6.1. Italy: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.4.6.2. Italy: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- 7.4.7. Halal Food Market - Spain
- 7.4.7.1. Spain: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.4.7.2. Spain: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- 7.4.8. Halal Food Market - Netherlands
- 7.4.8.1. Netherlands: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.4.8.2. Netherlands: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- 7.4.9. Halal Food Market - Russia
- 7.4.9.1. Russia: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.4.9.2. Russia: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- 7.5. Halal Food Market - Asia Pacific
- 7.5.1. Asia Pacific: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.5.2. Asia Pacific: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- 7.5.3. Halal Food Market - China
- 7.5.3.1. China: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.5.3.2. China: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- 7.5.4. Halal Food Market - India
- 7.5.4.1. India: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.5.4.2. India: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- 7.5.5. Halal Food Market - Malaysia
- 7.5.5.1. Malaysia: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.5.5.2. Malaysia: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- 7.5.6. Halal Food Market - Japan
- 7.5.6.1. Japan: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.5.6.2. Japan: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- 7.5.7. Halal Food Market - Indonesia
- 7.5.7.1. Indonesia: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.5.7.2. Indonesia: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- 7.5.8. Halal Food Market - South Korea
- 7.5.8.1. South Korea: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.5.8.2. South Korea: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- 7.6. Halal Food Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.6.2. Middle East & Africa: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- 7.6.3. Halal Food Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.6.3.2. Saudi Arabia: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- 7.6.4. Halal Food Market - UAE
- 7.6.4.1. UAE: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.6.4.2. UAE: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- 7.6.5. Halal Food Market - Israel
- 7.6.5.1. Israel: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.6.5.2. Israel: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- 7.6.6. Halal Food Market - South Africa
- 7.6.6.1. South Africa: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.6.6.2. South Africa: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- 7.7. Halal Food Market - Latin America
- 7.7.1. Latin America: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.7.2. Latin America: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- 7.7.3. Halal Food Market - Mexico
- 7.7.3.1. Mexico: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.7.3.2. Mexico: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- 7.7.4. Halal Food Market - Brazil
- 7.7.4.1. Brazil: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.7.4.2. Brazil: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- 7.7.5. Halal Food Market - Argentina
- 7.7.5.1. Argentina: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- 7.7.5.2. Argentina: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Al Islami Foods
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Al-Falah Halal Foods Ltd.
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. American Halal Company, Inc
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. BRF S.A.
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Cargill, Incorporated
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. DagangHalal Group
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Kawan Food Berhad
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Midamar Corporation
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Nema Food Company
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Nestle S.A
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. One World Foods Inc
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
- 9.12. Prima Agri-Products
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
- 9.13. QL Foods
- 9.13.1. Company Overview
- 9.13.2. Financial Performance
- 9.13.3. Product Benchmarking
- 9.13.4. Recent Development
- 9.14. Rosen's Diversified Inc
- 9.14.1. Company Overview
- 9.14.2. Financial Performance
- 9.14.3. Product Benchmarking
- 9.14.4. Recent Development
- 9.15. Saffron Road
- 9.15.1. Company Overview
- 9.15.2. Financial Performance
- 9.15.3. Product Benchmarking
- 9.15.4. Recent Development
- 9.16. Unilever
- 9.16.1. Company Overview
- 9.16.2. Financial Performance
- 9.16.3. Product Benchmarking
- 9.16.4. Recent Development
Product Code: PM1476
List of Tables
- Table 1 Global Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 2 Global Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- Table 3 Halal Food Market Assessment, By Geography, 2019-2032 (USD Billion)
- Table 4 North America: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 5 North America: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- Table 6 U.S.: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 7 U.S.: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- Table 8 Canada: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 9 Canada: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- Table 10 Europe: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 11 Europe: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- Table 12 UK: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 13 UK: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- Table 14 France: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 15 France: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- Table 16 Germany: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 17 Germany: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- Table 18 Italy: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 19 Italy: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- Table 20 Spain: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 21 Spain: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- Table 22 Netherlands: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 23 Netherlands: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- Table 24 Russia: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 25 Russia: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- Table 26 Asia Pacific: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 27 Asia Pacific: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- Table 28 China: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 29 China: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- Table 30 India: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 31 India: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- Table 32 Malaysia: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 33 Malaysia: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- Table 34 Japan: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 35 Japan: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- Table 36 Indonesia: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 37 Indonesia: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- Table 38 South Korea: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 39 South Korea: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- Table 40 Middle East & Africa: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 41 Middle East & Africa: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- Table 42 Saudi Arabia: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 43 Saudi Arabia: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- Table 44 UAE: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 45 UAE: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- Table 46 Israel: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 47 Israel: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- Table 48 South Africa: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 49 South Africa: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- Table 50 Latin America: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 51 Latin America: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- Table 52 Mexico: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 53 Mexico: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- Table 54 Brazil: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 55 Brazil: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
- Table 56 Argentina: Halal Food Market, by Distribution Channel, 2019-2032 (USD Billion)
- Table 57 Argentina: Halal Food Market, by Product Type, 2019-2032 (USD Billion)
List of Figures
- Figure 1 Global Halal Food Market, 2019-2032 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Distribution Channel
- Figure 7 Global Halal Food Market, by Distribution Channel, 2022 & 2032 (USD Billion)
- Figure 8 Market by Product Type
- Figure 9 Global Halal Food Market, by Product Type, 2022 & 2032 (USD Billion)
- Figure 10 Halal Food Market Assessment, By Geography, 2019-2032 (USD Billion)
- Figure 11 Strategic Analysis - Halal Food Market
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