The halal tourism market had an estimated market share worth USD 266.3 billion in 2023, and it is predicted to reach a global market valuation of USD 417.6 billion by 2034, growing at a CAGR of 3.6% from 2024 to 2034.
Report Attribute | Details |
---|---|
Estimated Market Value in 2023 | USD 266.3 billion |
Expected Market Value in 2024 | USD 276.7 billion |
Projected Forecast Value in 2034 | USD 417.6 billion |
Anticipated Growth Rate from 2024 to 2034 | 3.6% |
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Companies can advance in the halal tourism market by using these tactics:
The global demand for the halal tourism market was estimated to reach a valuation of USD 229.4 billion in 2018, according to a report from Future Market Insights. From 2018 to 2023, the halal tourism market witnessed significant growth, registering a CAGR of 3.8%.
Historical CAGR 2018 to 2023 | 3.8% |
---|---|
Forecast CAGR 2024 to 2034 | 3.6% |
The use of augmented reality (AR) and virtual reality (VR) technology is a recent development in the halal tourism market. Muslim visitors may make decisions before making reservations by taking use of these immersive experiences, which include previews of locations, lodging options, and activities. The market for halal tourism is expected to grow in the future due to these factors:
Sustainable Growth is bolstered by the Rising Eco Conscious and Halal Friendly Tourists
One distinct driver of the halal tourism sector is the increased demand for sustainable and ethical travel experiences among environmentally conscious Muslim travelers. These people look for locations and offerings that complement their moral principles, such as eco-friendly activities and lodging with halal certification.
The convergence of ecotourism and halal creates a niche market that spurs innovation in sustainable hospitality and promotes vacation locations that balance environmental stewardship with Islamic values in order to meet the changing needs of Muslim tourists throughout the globe.
Growth in Halal Tourism is hampered by Global Uniformity, Cultural Sensitivity, and Competition
The halal tourism sector encounters challenges such as providing similar halal certification standards across the world, since differences in criteria and execution can cause misunderstanding among tourists and companies.
Certain holiday destinations may provide difficulties due to political unrest and cultural sensitivities, which might affect the availability of halal amenities and the quality of the entire trip. The potential of the business cannot be completely realized due to competition from non-halal tourist industries and the need for more knowledge and education regarding halal travel possibilities.
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This section focuses on providing detailed analysis of two particular market segments for halal tourism, the dominant tour type and the significant age group. The two main segments discussed below are the international tour and 36 to 45 age group people.
Tour Type | International |
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Market Share in 2024 | 60% |
In 2024, the international tour segment is likely to gain a market share of 60%. Muslim tourists look for halal-certified accommodations and a variety of cultural activities, which are frequently easier to get overseas. Traveling abroad offers the chance to learn about and explore Islamic communities and historical locations all around the world.
Muslim travelers may have a wider variety of halal-friendly experiences and gain a deeper knowledge of other cultures by traveling to other countries and experiencing other foods, traditions, and lifestyles.
Age Group | 36 to 45 years |
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Market Share in 2024 | 45% |
In 2024, the 36 to 45 years old segment is anticipated to acquire 45% market share. There are several reasons why people in the 36 to 45 age range frequently choose halal tourism. Traveling with their family may be their first priority, and they may look for locations that have halal-certified lodging and family-friendly food alternatives.
This group of people may prioritize authenticity and cultural immersion, enjoying travel sites that honor and accommodate Islamic values. People in this age group could have more stable jobs and discretionary cash, which enables them to afford halal travel experiences.
This section will go into detail on the halal tourism markets in a few key countries, including the United States, the United Kingdom, China, Japan and France. This part will focus on the key factors that are driving up demand in these countries for halal tourism.
Countries | CAGR from 2024 to 2034 |
---|---|
The United States | 1.1% |
The United Kingdom | 1% |
China | 4.5% |
Japan | 1.6% |
France | 3.9% |
The United States halal tourism ecosystem is anticipated to gain a CAGR of 4.4% through 2034. Factors that are bolstering the growth are:
The halal tourism market in the United Kingdom is expected to expand with a 4.1% CAGR through 2034. The factors pushing the growth are:
The halal tourism ecosystem in China is anticipated to develop with a 5.5% CAGR from 2024 to 2034. The drivers behind this growth are:
The halal tourism industry in Japan is anticipated to reach a 5.3% CAGR from 2024 to 2034. The drivers propelling growth forward are:
The halal tourism ecosystem in France is likely to evolve with a 3.9% CAGR during the forecast period. The factors bolstering the growth are:
Leading companies in the global halal tourism market are meeting the increasing need for travel experiences that are accommodating to Muslims. They provide prayer facilities, halal-certified lodging, halal dining alternatives, and services that are sensitive to cultural differences. These businesses provide cultural authenticity and inclusion first priority while offering specialized services that follow Islamic law.
To improve accessibility and convenience, they also use digital platforms and marketing techniques to connect with Muslim tourists throughout the globe. They hope to get a sizable portion of this expanding market while advancing diversity and cross-cultural engagement in the travel and tourism sector through innovation and smart alliances. The key players in this market include:
Significant advancements in the halal tourism market are being made by key market participants, and their offerings include:
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 3.6% from 2024 to 2034 |
Market value in 2024 | USD 276.7 billion |
Market value in 2034 | USD 417.6 billion |
Base Year for Estimation | 2023 |
Historical Data | 2018 to 2023 |
Forecast Period | 2024 to 2034 |
Quantitative Units | USD billion for value |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | Tour Type, Consumer orientation, Tourist Type, Age Group, Region |
Region Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
Key Companies Profiled | Halaltours.org; Carisa Travel Group; Rooh Travel Limited; HalalBooking Ltd.; Halal Safaris; Halal Trip India; Hello Travel; Islamic Travel; Rihaala; Tripfez Travel |
Customization Scope | Available on Request |
The halal tourism market is expected to garner a 4.2% CAGR from 2024 to 2034.
By 2024, the global halal tourism market is likely to gain USD 276.7 billion.
By 2034, the halal tourism market valuation is likely to reach a sum of USD 417.6 billion.
The halal tourism industry in the United States is likely to garner a 4.4% CAGR during the forecast period.
International tours are anticipated to be highly preferred and hence gain a 60% market share in 2024.
Tourists aged 36 to 45 years are more attracted to halal tourism, constituting 45% of the total clientele in 2024.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Tour Type 5.1. Domestic 5.2. International 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Consumer Orientation 6.1. Men 6.2. Women 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Tourist Type 7.1. Independent Traveler 7.2. Tour Group 7.3. Package Traveler 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Age Group 8.1. 26-35 Years 8.2. 36-45 Years 8.3. 46-55 Years 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Halaltours.org 19.2. Carisa Travel Group 19.3. HalalBooking Ltd. 19.4. Halal Trip India 19.5. Hello Travel 19.6. Islamic Travel 19.7. Rihaala 19.8. Tripfez Travel 20. Assumptions & Acronyms Used 21. Research Methodology
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