PUBLISHER: Renub Research | PRODUCT CODE: 1438308
PUBLISHER: Renub Research | PRODUCT CODE: 1438308
Halal Food Market, Size, Global Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis
Global Halal Food Market is predicted to be valued at around US$ 4,569.69 Billion by 2030, according to Renub Research. In the past few years, halal food merchandise has gained recognition among non-Muslim and Muslim purchasers. Halal food intake can lead humans to a wholesome lifestyle and enhance human improvement. The most apparent impact that may be visible from halal food intake is regarding physical well-being. Also, halal meal intake can contribute to a healthy mind's growth.
Global Halal Food Market is anticipated to increase at a CAGR of 9.33% in the forecast period (2024 to 2030)
The increasing Muslim populace globally is significantly contributing to the marketplace's increase. Muslims are expected to incorporate over one-fourth of the global populace. With the expanded need, producers have increased their product portfolio by imparting numerous value-added halal food items, like pasta, vegetables, juice, milk, yogurt, and cheese. Further, sizeable corporations' production of halal-certified meals will boost product visibility among purchasers.
Moreover, various Islamic and non-Islamic countries are applying strict regulatory structures, which involve globally accepted standards, to attract new participants in the market. Recently, the Saudi Arabia Food and Drug Authority (SFDA) prolonged the mandatory requirement of halal certification from imported meat and meat-based goods to all imported sweets, long-service life products, frozen and chilled goods, milk and dairy products, and fats and oils. With the increased demand for halal foods, manufacturers have extended their portfolio by establishing numerous value-added food commodities, including sandwiches, cookies, hot dogs, soups, candies, burgers, creams, and pizzas. Thus, increasing the implementation of strict rules regarding halal foods is likely to propel market growth. Hence, the global halal food market was US$ 2,447.44 Billion in 2023.
Islam is the fastest-expanding religion, mainly in Asia Pacific, which will positively impact the demand for halal products in the area. As per an article published in China Highlights, in February 2022, about 25 million Muslims are living across China, and they are further strengthened in small groups, with Islam being the central community. The increasing awareness among Muslims regarding the necessity of consuming non-haram food because of their religious sentiments is expected to drive the market.
Meat products are estimated to have the majority share in the halal food market
By product, the global halal food market is fragmented into Meat, Poultry & Seafood, Fruits & Vegetables, Dairy Products, Cereals & Grains, Oil, Fats & Waxes, Confectionery, and Others. The meat phase is predicted to dominate the halal food industry. This is due to the increasing demand for microorganism-free meat, pushed via fitness, hygiene, and protection worries. In addition, there is a growing awareness and consideration for animal welfare and diversity, key elements driving an increase in this section.
Hypermarkets and supermarkets are major distribution channels in the halal food market
By distribution channel, the global halal food market is categorized into Hypermarkets & supermarkets, Online Stores, Convenience Stores, Specialty Stores, and Others. Supermarkets and hypermarkets have contributed to most of the halal food market percentage. The main driving forces are the growing presence and choice of supermarkets and hypermarkets. As the global inflation rate rises, purchasers decide to shop from supermarkets, given that they can access a wider variety of options and other economic blessings, discounted charges, incentives, and a couple of offers on more recent merchandise. Moreover, several new groups launch their products in supermarkets due to a higher customer footfall, which translates to better advertising and marketing or advertising value performance.
The Muslim population in India has significant potential for growth in the halal food market
By countries, the global halal food market is comprised of Pakistan, Indonesia, India, Bangladesh, Nigeria, Egypt, Turkey, Iran, China, Algeria, Iraq, Morocco, Saudi Arabia, Malaysia, Russia, Kazakhstan, United Arab Emirates, France, Germany, United States, Italy, United Kingdom, Canada, Qatar, and Rest of the World. The market for halal food in India is expected to experience huge growth. This is due to the migration of humans from Muslim-ruled areas to different areas, which has contributed to a giant boom in the Muslim populace inside India. As the range of Muslims maintains to rise, so too does the demand for halal food, with this fashion predicted to remain in the foreseeable future. The hastily growing Muslim populace, coupled with their increasing purchasing power, is anticipated to drive a similar boom within the halal grocery store for the duration of the forecast period.
Key Players
The halal food market is comprised of companies like Nestle SA, JBS SA, BRF SA, Kawan Food Berhad, Cargill Inc., Carrefour SA, Crescent Foods Inc., VegaVites, American Halal Company Inc., American Foods Group LLC, and Al Islami Foods.
In August 2023 - Al Islami Foods Co. re-launched its premium Chicken Griller and Chicken Parts in Qatar, offering a variety of cuts. The brand is committed to the highest Halal standards.
In February 2023 - Chicken Cottage, a UK-based fast food chain with halal options, partnered with Express Kitchen to expand in East Africa.
Renub Research report titled "Global Halal Food Market By Product (Meat, Poultry & Seafood, Fruits & Vegetables, Dairy Products, Cereals & Grains, Oil, Fats & Waxes, Confectionery, and Others), Distribution Channel (Hypermarkets & supermarkets, Online Stores, Convenience Stores, Specialty Stores, and Others), Countries (Pakistan, Indonesia, India, Bangladesh, Nigeria, Egypt, Turkey, Iran, China, Algeria, Iraq, Morocco, Saudi Arabia, Malaysia, Russia, Kazakhstan, United Arab Emirates, France, Germany, United States, Italy, United Kingdom, Canada, Qatar, and Rest of the World), Company Analysis (Nestle SA, JBS SA, BRF SA, Kawan Food Berhad, Cargill Inc., Carrefour SA, Crescent Foods Inc., VegaVites, American Halal Company Inc., American Foods Group LLC, and Al Islami Foods)" provides a complete study of the Global Halal Industry.
Product - Global Halal Food Market breakup in 9 viewpoints:
1. Meat
2. Poultry & Seafood
3. Fruits & Vegetables
4. Dairy Products
5. Cereals & Grains
6. Oil
7. Fats & Waxes
8. Confectionery
9. Others
Distribution Channel - Global Halal Food Market breakup in 5 viewpoints:
1. Hypermarkets & supermarkets
2. Online Stores
3. Convenience Stores
4. Specialty Stores
5. Others
Countries - Global Halal Food Market breakup in 25 viewpoints:
1. North America
- 1.1 United States
- 1.2 Canada
2. Europe
- 2.1 Russia
- 2.2 France
- 2.3 Germany
- 2.4 Italy
- 2.5 United Kingdom
- 2.6 Turkey
3. Asia
- 3.1 Pakistan
- 3.2 Indonesia
- 3.3 India
- 3.4 Bangladesh
- 3.5 China
- 3.6 Malaysia
- 3.7 Kazakhstan
4. Middle East & Africa
- 4.1 Saudi Arabia
- 4.2 United Arab Emirates
- 4.3 Qatar
- 4.4 Iraq
- 4.5 Iran
- 4.6 Egypt
- 4.7 Algeria
- 4.8 Morocco
- 4.9 Nigeria
5. Rest of the World
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
1. Nestle SA
2. JBS SA
3. BRF SA
4. Kawan Food Berhad
5. Cargill Inc.
6. Carrefour SA
7. Crescent Foods Inc.
8. VegaVites
9. American Halal Company Inc.
10. American Foods Group LLC,
11. Al Islami Foods
Table of Contents
1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
- 4.1 Growth Drivers
- 4.2 Challenges
5. Global Halal Food Market
6. Market Share - Global Halal Food Market
- 6.1 By product
- 6.2 By Distribution Channel
- 6.3 By Country
7. Product - Global Halal Food Market
- 7.1 Meat, Poultry & Seafood
- 7.2 Fruits & Vegetables
- 7.3 Dairy Products
- 7.4 Cereals & Grains
- 7.5 Oil, Fats & Waxes
- 7.6 Confectionery
- 7.7 Others
8. Distribution Channel - Global Halal Food Market
- 8.1 Hypermarkets & Supermarket
- 8.2 Online Stores
- 8.3 Convenience Stores
- 8.4 Speciality Stores
- 8.5 Others
9. Country - Global Halal Food Market
- 9.1 North America
- 9.1.1 United States
- 9.1.2 Canada
- 9.2 Europe
- 9.2.1 Russia
- 9.2.2 France
- 9.2.3 Germany
- 9.2.4 Italy
- 9.2.5 United Kingdom
- 9.2.6 Turkey
- 9.3 Asia
- 9.3.1 Pakistan
- 9.3.2 Indonesia
- 9.3.3 India
- 9.3.4 Bangladesh
- 9.3.5 China
- 9.3.6 Malaysia
- 9.3.7 Kazakhstan
- 9.4 Middle East & Africa
- 9.4.1 Saudi Arabia
- 9.4.2 United Arab Emirates
- 9.4.3 Qatar
- 9.4.4 Iraq
- 9.4.5 Iran
- 9.4.6 Egypt
- 9.4.7 Algeria
- 9.4.8 Morocco
- 9.4.9 Nigeria
- 9.5 Rest of the World
10. Porter's Five Analysis - Global Halal Food Market
- 10.1 Bargaining Power of Buyers
- 10.2 Bargaining Power of Suppliers
- 10.3 Degree of Rivalry
- 10.4 Threat of New Entrants
- 10.5 Threat of Substitutes
11. SWOT Analysis - Global Halal Food Market
- 11.1 Strength
- 11.2 Weakness
- 11.3 Opportunity
- 11.4 Threat
12. Company Analysis
- 12.1 Nestle SA
- 12.1.1 Overview
- 12.1.2 Recent Development
- 12.1.3 Revenue
- 12.2 JBS SA
- 12.2.1 Overview
- 12.2.2 Recent Development
- 12.2.3 Revenue
- 12.3 BRF SA
- 12.3.1 Overview
- 12.3.2 Recent Development
- 12.3.3 Revenue
- 12.4 Kawan Food Berhad
- 12.4.1 Overview
- 12.4.2 Recent Development
- 12.4.3 Revenue
- 12.5 Cargill Inc.
- 12.5.1 Overview
- 12.5.2 Recent Development
- 12.5.3 Revenue
- 12.6 Carrefour SA
- 12.6.1 Overview
- 12.6.2 Recent Development
- 12.6.3 Revenue
- 12.7 Crescent Foods Inc.
- 12.7.1 Overview
- 12.7.2 Recent Developments Solutions
- 12.8 VegaVites
- 12.8.1 Overview
- 12.8.2 Recent Development
- 12.9 American Halal Company Inc.
- 12.9.1 Overview
- 12.9.2 Recent Developments Solutions
- 12.10 American Foods Group LLC
- 12.10.1 Overview
- 12.10.2 Recent Development
- 12.11 Al Islami Foods
- 12.11.1 Overview
- 12.11.2 Recent Developments Solutions
List of Figures
- Figure-01: Global - Halal Food Market (Billion US$), 2019 - 2023
- Figure-02: Global - Forecast for Halal Food Market (Billion US$), 2024 - 2030
- Figure-03: Product - Meat, Poultry & Seafood Market (Million US$), 2019 - 2023
- Figure-04: Product - Forecast for Meat, Poultry & Seafood Market (Million US$), 2024 - 2030
- Figure-05: Product - Fruits & Vegetables Market (Million US$), 2019 - 2023
- Figure-06: Product - Forecast for Fruits & Vegetables Market (Million US$), 2024 - 2030
- Figure-07: Product - Dairy Products Market (Million US$), 2019 - 2023
- Figure-08: Product - Forecast for Dairy Products Market (Million US$), 2024 - 2030
- Figure-09: Product - Cereals & Grains Market (Million US$), 2019 - 2023
- Figure-10: Product - Forecast for Cereals & Grains Market (Million US$), 2024 - 2030
- Figure-11: Product - Oil, Fats & Waxes Market (Million US$), 2019 - 2023
- Figure-12: Product - Forecast for Oil, Fats & Waxes Market (Million US$), 2024 - 2030
- Figure-13: Product - Confectionery Market (Million US$), 2019 - 2023
- Figure-14: Product - Forecast for Confectionery Market (Million US$), 2024 - 2030
- Figure-15: Product - Others Market (Million US$), 2019 - 2023
- Figure-16: Product - Forecast for Others Market (Million US$), 2024 - 2030
- Figure-17: Distribution Channel - Hypermarkets & Supermarket Market (Million US$), 2019 - 2023
- Figure-18: Distribution Channel - Forecast for Hypermarkets & Supermarket Market (Million US$), 2024 - 2030
- Figure-19: Distribution Channel - Online Stores Market (Million US$), 2019 - 2023
- Figure-20: Distribution Channel - Forecast for Online Stores Market (Million US$), 2024 - 2030
- Figure-21: Distribution Channel - Convenience Stores Market (Million US$), 2019 - 2023
- Figure-22: Distribution Channel - Forecast for Convenience Stores Market (Million US$), 2024 - 2030
- Figure-23: Distribution Channel - Speciality Stores Market (Million US$), 2019 - 2023
- Figure-24: Distribution Channel - Forecast for Speciality Stores Market (Million US$), 2024 - 2030
- Figure-25: Distribution Channel - Others Market (Million US$), 2019 - 2023
- Figure-26: Distribution Channel - Forecast for Others Market (Million US$), 2024 - 2030
- Figure-27: United States - Halal Food Market (Million US$), 2019 - 2023
- Figure-28: United States - Forecast for Halal Food Market (Million US$), 2024 - 2030
- Figure-29: Canada - Halal Food Market (Million US$), 2019 - 2023
- Figure-30: Canada - Forecast for Halal Food Market (Million US$), 2024 - 2030
- Figure-31: Russia - Halal Food Market (Million US$), 2019 - 2023
- Figure-32: Russia - Forecast for Halal Food Market (Million US$), 2024 - 2030
- Figure-33: France - Halal Food Market (Million US$), 2019 - 2023
- Figure-34: France - Forecast for Halal Food Market (Million US$), 2024 - 2030
- Figure-35: Germany - Halal Food Market (Million US$), 2019 - 2023
- Figure-36: Germany - Forecast for Halal Food Market (Million US$), 2024 - 2030
- Figure-37: Italy - Halal Food Market (Million US$), 2019 - 2023
- Figure-38: Italy - Forecast for Halal Food Market (Million US$), 2024 - 2030
- Figure-39: United Kingdom - Halal Food Market (Million US$), 2019 - 2023
- Figure-40: United Kingdom - Forecast for Halal Food Market (Million US$), 2024 - 2030
- Figure-41: Turkey - Halal Food Market (Million US$), 2019 - 2023
- Figure-42: Turkey - Forecast for Halal Food Market (Million US$), 2024 - 2030
- Figure-43: Pakistan - Halal Food Market (Million US$), 2019 - 2023
- Figure-44: Pakistan - Forecast for Halal Food Market (Million US$), 2024 - 2030
- Figure-45: Indonesia - Halal Food Market (Million US$), 2019 - 2023
- Figure-46: Indonesia - Forecast for Halal Food Market (Million US$), 2024 - 2030
- Figure-47: India - Halal Food Market (Million US$), 2019 - 2023
- Figure-48: India - Forecast for Halal Food Market (Million US$), 2024 - 2030
- Figure-49: Bangladesh - Halal Food Market (Million US$), 2019 - 2023
- Figure-50: Bangladesh - Forecast for Halal Food Market (Million US$), 2024 - 2030
- Figure-51: China - Halal Food Market (Million US$), 2019 - 2023
- Figure-52: China - Forecast for Halal Food Market (Million US$), 2024 - 2030
- Figure-53: Malaysia - Halal Food Market (Million US$), 2019 - 2023
- Figure-54: Malaysia - Forecast for Halal Food Market (Million US$), 2024 - 2030
- Figure-55: Kazakhstan - Halal Food Market (Million US$), 2019 - 2023
- Figure-56: Kazakhstan - Forecast for Halal Food Market (Million US$), 2024 - 2030
- Figure-57: Saudi Arabia - Halal Food Market (Million US$), 2019 - 2023
- Figure-58: Saudi Arabia - Forecast for Halal Food Market (Million US$), 2024 - 2030
- Figure-59: United Arab Emirates - Halal Food Market (Million US$), 2019 - 2023
- Figure-60: United Arab Emirates - Forecast for Halal Food Market (Million US$), 2024 - 2030
- Figure-61: Qatar - Halal Food Market (Million US$), 2019 - 2023
- Figure-62: Qatar - Forecast for Halal Food Market (Million US$), 2024 - 2030
- Figure-63: Iraq - Halal Food Market (Million US$), 2019 - 2023
- Figure-64: Iraq - Forecast for Halal Food Market (Million US$), 2024 - 2030
- Figure-65: Iran - Halal Food Market (Million US$), 2019 - 2023
- Figure-66: Iran - Forecast for Halal Food Market (Million US$), 2024 - 2030
- Figure-67: Egypt - Halal Food Market (Million US$), 2019 - 2023
- Figure-68: Egypt - Forecast for Halal Food Market (Million US$), 2024 - 2030
- Figure-69: Algeria - Halal Food Market (Million US$), 2019 - 2023
- Figure-70: Algeria - Forecast for Halal Food Market (Million US$), 2024 - 2030
- Figure-71: Morocco - Halal Food Market (Million US$), 2019 - 2023
- Figure-72: Morocco - Forecast for Halal Food Market (Million US$), 2024 - 2030
- Figure-73: Nigeria - Halal Food Market (Million US$), 2019 - 2023
- Figure-74: Nigeria - Forecast for Halal Food Market (Million US$), 2024 - 2030
- Figure-75: Rest of the World - Halal Food Market (Million US$), 2019 - 2023
- Figure-76: Rest of the World - Forecast for Halal Food Market (Million US$), 2024 - 2030
- Figure-77: Nestle SA - Global Revenue (Million US$), 2019 - 2023
- Figure-78: Nestle SA - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-79: JBS SA - Global Revenue (Million US$), 2019 - 2023
- Figure-80: JBS SA - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-81: BRF SA - Global Revenue (Million US$), 2019 - 2023
- Figure-82: BRF SA - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-83: Kawan Food Berhad - Global Revenue (Million US$), 2019 - 2023
- Figure-84: Kawan Food Berhad - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-85: Cargill Inc. - Global Revenue (Million US$), 2019 - 2023
- Figure-86: Cargill Inc. - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-87: Carrefour SA - Global Revenue (Million US$), 2019 - 2023
- Figure-88: Carrefour SA - Forecast for Global Revenue (Million US$), 2024 - 2030
List of Tables
- Table-01: Global - Halal Food Market Share by Product (Percent), 2019 - 2023
- Table-02: Global - Forecast for Global Halal Food Market Share by Product (Percent), 2024 - 2030
- Table-03: Global - Halal Food Market Share by Distribution Channel (Percent), 2019 - 2023
- Table-04: Global - Forecast for Global Halal Food Market Share by Distribution Channel (Percent), 2024 - 2030
- Table-05: Global - Halal Food Market Share by Countries (Percent), 2019 - 2023
- Table-06: Global - Forecast for Global Halal Food Market Share by Countries (Percent), 2024 - 2030
