The Halal Food market report delivers a comprehensive overview of the industry, emphasizing its current progress, potential expansion, and long-term outlook. It presents valuable insights into market size, growth patterns, demand drivers, and competitive dynamics that shape the global landscape. By analyzing challenges and opportunities, the study enables businesses to adapt strategies effectively in a rapidly changing environment.

Beyond market dynamics, the report highlights the influence of innovation, consumer preferences, and industry regulations in determining growth trajectories. It offers a detailed segmentation analysis across categories, applications, and regional markets, allowing companies to pinpoint emerging opportunities. This makes the report an indispensable resource for enhancing decision-making and driving sustainable performance.

In the last few years, halal food products have become popular amongst non-Muslim and Muslim consumers because they have grown from being a symbol of hygiene, quality, and sanitation. The increasing interest among non-Muslim consumers in the consumption of vegan food products coupled with introduction of product by halal manufacturers for these conscious consumers’ is likely to enhance the market growth. For instance, AI Islami Foods, and United Arab Emirates (UAE) based halal food giant launched a plant-based burger in 2021.

Data Bridge Market Research analyses that the halal food market is expected to reach USD 5,912.58 billion by 2030, which is USD 2,371.00 billion in 2022, registering a CAGR of 12.10% during the forecast period of 2023 to 2030. 

Get a comprehensive analysis and future outlook for the Halal Food. View the complete report: https://www.databridgemarketresearch.com/reports/global-halal-food-market

Halal food are those food products that meet Islamic standards. According to Islamic laws, halal food is free from ingredients that are processed, manufactured, or stored in clean enough vessels. Halal food is more ethical, safer to eat, less prone to meat contamination, and increases metabolism because it is free of poisons, pork, alcohol or intoxicants, and unhygienic content.

Halal Food Market Dynamics

Drivers

• Growing Muslim population all over the globe boosting the market growth

The increasing muslim population all over the globe is considerably contributing to the growth of the market. The growing demand for halal-certified food among Muslims is owing to the assurance of food hygiene and safety. According to the Pew Research Center report, a US-based nonpartisan American think tank, the growth of the Muslim population is expected to rise by about 2.19 billion by the year 2030 globally. Thus, the increasing Muslim population is anticipated to drive the halal food market growth rate.

• Increasing implementation of strict rules regarding halal foods

Many Islamic and non-islamic countries are implementing strict regulatory frameworks, which involve globally accepted standards, to attract new participants in the market. Recently, the Government of Indonesia introduced mandatory halal labeling and certification rules in 2019, owing to which consumers prefer halal food nowadays. With an increase in the demand for halal foods, manufactures have extended their product portfolio by introducing numerous value-added food products, including sandwiches, cookies, hot dogs, soups, candies, burgers, creams and pizzas. Thus, increasing implementation of strict rules regarding halal foods is likely to impel the market growth.

Recent Development

• In 2021, Agthia Group, a UAE-based food and beverage company, acquired an 80 percent stake in Nabil Foods. With this acquisition, Agitha has direct access to new revenue streams and substantial cross-selling opportunities to mainten its growth strategy. Nabil Foods is a Jordan-based distributor and manufacturer of an extensive range of 100% frozen and chilled halal products from chicken shawarma sandwiches to kubbeh balls.
• In 2021, Crescent Foods which is an American pioneer in premium hand-cut halal meat and poultry products has introduced turnkey foodservice program for university and college dining halls, nationally. The company will provide extensive range of products including turkey (seasonally), hand-cut beef, lamb and chicken products for on-campus dining, including restaurants.
• In 2021, Nigeria started their partnership with OneAgrix for better Agriculture and Halal market access under AfCFTA. With this partnership, they will allow the country to gain better market access by using OneAgrix’s trading platform both globally and regionally.
• In 2022, Chicken Cottage announced to enter the East African market with the help of franchising partnership agreement with Express Kitchen which is a subsidiary of AAH Limited to develop their business line.

Frequently Asked Questions

• How has the Halal Food market evolved historically in terms of size and growth?

• What is the present valuation of the global Halal Food market?

• What growth rate (CAGR) is expected in the coming years?

• What are the major segments by product, application, and region?

• Which countries and regions contribute the highest market share?

• What are the key drivers shaping demand for Halal Food?

• What challenges or barriers may restrict expansion?

• How promising is the long-term forecast for the Halal Food industry?

Table of Contents

• Executive Summary

• Study Objectives

• Industry Overview

• Market Size Analysis

• Market Segmentation

• Key Market Trends

• Competitive Landscape

• Regional Insights

• Market Opportunities

• Future Outlook & Forecast

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