The global halal food market size is projected to attain a valuation of USD 3,229,805.32 million by 2033. Our food and beverage industry analysts opine that halal food providers can expect a CAGR of 9.6% through 2033, with the current valuation of USD 1,291,429.8 million in 2023.
| Attributes | Details |
|---|---|
| Halal Food Market Size, 2022 | USD 1,241,759.4 million |
| Halal Food Market Size, 2023 | USD 1,291,429.8 million |
| Halal Food Market Size, 2033 | USD 3,229,805.32 million |
| Value-based CAGR from 2023 to 2033 | 9.6% |
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Sales to Multiply More Than 3X In Due Course
Historically, the halal food industry performance was sluggish, with a CAGR of 3.1% from 2018 to 2022, likely tripling by 2033. Convenience has emerged as a major influence on consumer decisions, and the halal food business is no exception. The development and accessibility of practical halal items including frozen dinners, ready-to-eat snacks, and on-the-go solutions, cater to modern consumers' busy lifestyles.
Due to these practical solutions, individuals find it simpler to include halal options in their everyday routines, which increases consumption and spurs market expansion. Urban dwellers and younger customers with hectic schedules find the convenience element to be particularly tempting.
Halal Expands Beyond Food into Beauty and Personal Care Products
Beyond the food industry, the cosmetics and personal care sector is adopting the concept of halal. Muslims who value ethical and animal-free products are increasingly choosing halal-certified cosmetics and skincare items. These products follow strict halal regulations and exclude any substances Islam prohibits.
The trend reflects how consumers are becoming more conscious of the ingredients in personal care products and how they want to buy things that support their moral and ethical beliefs.
Skincare, haircare, cosmetics, perfumes, and hygiene products are among the numerous products now available in the halal beauty and personal care industry. This diversification allows for an extensive halal personal care regimen and responds to different consumer preferences.
| Attributes | Details |
|---|---|
| Halal Food Market Size (2018) | USD 1,098,216.6 million |
| Halal Food Market Size (2022) | USD 1,241,759.4 million |
| Value-based from CAGR 2018 to 2022 | 3.1% |
Over the past few years, continuous innovation in the halal food sector has been a key factor in market expansion. To pique customer interest, food producers have been experimenting with new product categories, flavor profiles, and packaging ideas.
Innovative halal products can draw customers looking for fresh and new options in the halal food industry, whether they be unusual flavor combinations, health-focused selections, or exotic culinary creations. These developments maintain the market's dynamism and responsiveness to shifting consumer preferences.
With the expansion of online grocery shopping and the appearance of specialty halal grocery stores, the retail landscape is modernizing. These innovations make it simpler for customers to find and buy halal items. E-commerce platforms and specialty kosher businesses offer a variety of choices, from everyday essentials to specialty and upscale goods.
In the coming years, the convenience and accessibility provided by these retail channels may encourage greater consumption and support the expansion of the halal food sector as a whole.
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In 2022, the conventional segment gained 87.9% of the global halal food market shares. Traditional halal food includes a wide range of foodstuffs, including processed foods, snacks, dairy products, and essentials like rice, meat, and vegetables. This diversity facilitates a wide range of products that cater to different consumer wants.
| Top Nature | Value Share (2022) |
|---|---|
| Conventional | 87.9% |
Traditional halal dishes tend to be profoundly ingrained in the regional culinary cultures of places with sizable Muslim populations, like the Middle East, South Asia, and Southeast Asia. This ethnic blending influences the continual need for these foods.
The market for conventional halal food is not just restricted to Muslims; non-Muslims also buy halal products due to factors like quality, flavor, or dietary preferences, which helps explain their broad popularity.
In 2022, the meat, poultry, and seafood was the leading segment among other product types, capturing 56.4% of the halal food market shares.
| Top Product | Value Share (2022) |
|---|---|
| Meat, Poultry, and Seafood | 87.9% |
Consumer trust is boosted by the perception that halal meat, poultry, and seafood are processed and handled according to tight guidelines that guarantee higher sanitation and food safety standards.
The creation of jobs and trade opportunities from the production and trade of halal meat, poultry, and seafood has a considerable positive impact on local and worldwide economies. Halal meat, poultry, and seafood keep gaining popularity largely due to ongoing initiatives that educate individuals about the advantages of consuming it, including its religious importance and ethical sourcing.
In 2022, food and beverages emerged as the leading application, capturing 44.5% of the global halal food market shares.
| Top Application | Value Share (2022) |
|---|---|
| Food & Beverages | 44.5% |
Muslims are expected to consume only halal-certified goods in accordance with Islamic dietary requirements; hence, halal food and beverages are a must for their diet. This fundamental requirement guarantees an ongoing and significant demand for these goods.
During religious rites and festivities like Ramadan and Eid al-Fitr, when elaborate and unique meals are made, these products are an essential component, which helps to explain why consumption is on the rise. The popularity of halal food and beverages in the food service industry is being boosted by the growth of halal fast-food chains, casual dining establishments, and overseas franchises that have received halal certification.
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The table below highlights the growth rates of the major markets in the Halal food landscape. The market in the United States grew rapidly compared to other markets.
| Countries | Value-based CAGR (2022) |
|---|---|
| India | 7.3% |
| United States | 13.4% |
| United Kingdom | 10.2% |
| China | 8.3% |
| Japan | 8.4% |
In 2022, India’s halal food market expanded at a CAGR of 7.3%. With over 200 million Muslims, India has a sizeable Muslim population in the world. This sizable population naturally increases the demand for food and drinks that have received halal certification. In many areas of India, especially in those with sizable Muslim populations, halal food has cultural and culinary significance.
Indian cuisine includes a variety of traditional dishes made in accordance with halal guidelines. Indian manufacturers and exporters are aware of the high demand for halal goods worldwide. To get access to global halal markets, numerous Indian businesses have applied for halal certification. As India's economy expands, more customers have disposable income to spend on higher-quality, certified foods, including halal products.
In 2022, The United States’ halal food market thrived at a CAGR of 13.4%. Due to factors like immigration and natural population increase, the number of Muslims living in the United States is gradually increasing. Naturally, this demographic shift broadens the demand for halal goods.
Consumers concerned about animal welfare find halal cuisine appealing owing to the stringent requirements and certification procedures involved. These procedures correspond with ethical sourcing methods, including the humane treatment of animals.
Due to the rigorous production and certification procedures, halal-certified products are frequently linked with higher levels of food safety and quality, increasing consumer confidence and product sales.
In 2022, the halal food market in the United Kingdom rose at a 10.2% CAGR. The United Kingdom has a vast and varied Muslim population. The existence of this population segment inevitably increases demand for halal food items.
In the United Kingdom, halal items are becoming more prevalent in supermarkets and chain grocers, making them readily available to customers. Consumers' increased health consciousness has resulted in a preference for healthier, healthier, and ethically sourced food options. The market expansion is facilitated by the widespread perception that halal products meet these standards.
In 2022, China’s halal food market developed at an 8.3% CAGR. China is a well-known tourism destination that draws travelers from regions and nations with a significant Muslim population. The hospitality sector has increased its selection of halal-certified culinary options in order to accommodate these travelers.
The expansion of the halal food market in China is being facilitated by the import and export of halal food products due to China's engagement in international trade. More customers have access to a larger variety of food products, including halal options, through both traditional markets and contemporary retail locations as China continues to urbanize and modernize.
In 2022, Japan’s halal food market rose at an 8.4% CAGR. Customers in Japan now have easier access to a larger selection of halal goods due to the availability of halal food products through online marketplaces and e-commerce platforms. Market expansion is being facilitated by educational programs and activities designed to increase consumer and company understanding of halal dietary standards in Japan.
The emergence of halal foods in restaurant menus and convenience store products results from Japanese customers' expanding tastes for multicultural and foreign flavors. Environmentally concerned Japanese customers share the view that halal food procedures are consistent with ethical and ecological sourcing, which proliferate the market’s growth.
A variety of international multinational corporations, local competitors, and specialized producers compete in the halal food industry to satisfy the various needs of customers looking for halal-certified commodities. International food goliaths like Nestlé, Unilever, and Tyson Foods have invested in diversifying their product lines to include more halal options because they realize the market's potential.
They frequently collaborate with respected halal certification authorities to guarantee adherence to halal standards and reach a large global audience.
The halal food market has witnessed an influx of niche manufacturers and companies concentrating on particular areas such as gourmet cuisine, halal snacks, or organic halal goods. To entice discerning customers looking for distinctive and high-value solutions, these players place an emphasis on quality, authenticity, and ethical sourcing.
Recent Developments in the Halal Food Market
The halal food market is valued at USD 1,291,429.8 million in 2023.
The global halal food market is predicted to rise at a 9.6% CAGR through 2033.
The food & beverages segment is leading the halal food market by application.
The meat, poultry, and seafood segment is the preferred product type in the halal food market.
India possesses enormous growth potential in the halal food market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Nature 5.1. Organic 5.2. Conventional 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 6.1. Meat, Poultry and Seafood 6.2. Dairy Products 6.3. Fruits, Nuts and Vegetables 6.4. Fats, Oil and Waxes 6.5. Grains and Cereals 6.6. Beverages 6.7. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Food & Beverages 7.2. Nutraceuticals & Dietary Supplements 7.3. Infant Formula 7.4. Animal Feed Industry 7.5. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Prima Quality Food Industries Sdn Bhd 18.2. The Company 18.3. Cargill Incorporated 18.4. Pacmoore Products Inc. 18.5. Al Islami Foods 18.6. Halal Fine Foods 18.7. Nestlé S.A. 18.8. Wellmune® (Kerry Plc) 18.9. Kewpie Corporation 18.10. YHS (SINGAPORE) PTE LTD 19. Assumptions & Acronyms Used 20. Research Methodology
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