Halal Food Market Overview and Insights:
According to Markntel Advisors Report, Halal Food Market size was valued at USD 2,545.9 billion in 2023 and is projected to reach USD 5,243 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 9.6% during the forecast period, i.e., 2025-30.
Halal Food Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Industry Growth Driver:
Increasing Growth in Halal Tourism in Non-Arab Countries– There has been a significant expansion in Halal tourism around the globe driven by consumers demanding travel experiences aligning with their cultural and religious values. The travel requirements of Muslim travelers following Halal regulations require specific conditions, including alcohol-free restaurants, only hallal food-providing outlets, Muslim-friendly accommodations, prayer rooms, etc.
What is Included in Halal Food Market Segmentation?
The report has segmented the market into the following categories:
By Product Type
– Meat Products- Market Size & Forecast 2020-2030, (USD Million)
– – Poultry- Market Size & Forecast 2020-2030, (USD Million)
– – – Chicken- Market Size & Forecast 2020-2030, (USD Million)
– – – Turkey- Market Size & Forecast 2020-2030, (USD Million)
– – – Others (Goose, Duck, etc.) – Market Size & Forecast 2020-2030, (USD Million)
– – Beef- Market Size & Forecast 2020-2030, (USD Million)
– – Mutton- Market Size & Forecast 2020-2030, (USD Million)
– – Seafood- Market Size & Forecast 2020-2030, (USD Million)
– Dairy Products- Market Size & Forecast 2020-2030, (USD Million)
– – Milk- Market Size & Forecast 2020-2030, (USD Million)
– – Others (Cheese, Butter, etc.) – Market Size & Forecast 2020-2030, (USD Million)
– Fruits & Vegetables- Market Size & Forecast 2020-2030, (USD Million)
– Cereals & Grains- Market Size & Forecast 2020-2030, (USD Million)
– Plant-based & Vegan Products- Market Size & Forecast 2020-2030, (USD Million)
– Others (Confectionary, Oils, Fats, etc.) – Market Size & Forecast 2020-2030, (USD Million)
The Meat products segment held the largest market share over the past few years and is expected to maintain its dominance during the forecast period as well. This is due to the prevalence of high meat consumption habits among the Islamic population driven by their ethical and religious cultures. Meat and meat products are an integral part of not only Muslim but also many other communities’ diets, which surges its adoption in the halal food market as well. The stringent standards and protocols for halal food & meat ensuring slaughtering practices as per the Islamic principles maintain the demand for halal food & meat products among Muslim consumers sustaining the market share.
By Distribution Channel
– Offline- Market Size & Forecast 2020-2030, (USD Million)
– Supermarkets & Hypermarkets- Market Size & Forecast 2020-2030, (USD Million)
– Convenience Stores- Market Size & Forecast 2020-2030, (USD Million)
– Specialty Stores- Market Size & Forecast 2020-2030, (USD Million)
– Online- Market Size & Forecast 2020-2030, (USD Million)
By Region
– North America
– South America
– Europe
– The Middle East & Africa
– Asia-Pacific
Who are the Key Players Operating in the Halal Food Industry?
The top companies of the Halal Food market ruling the industry are:
- Cargill Inc,
- BRF Global,
- Mondelez International,
- Del Monte Llc,
- Unilever Plc,
- Nestlé (Malaysia) Berhad,
- Tyson Foods Inc,
- Al Islami Foods,
- Saffron Road,
- QL Resources Berhad,
- Garuda Foods,
- Haoyue Group,
- Kawan Food Manufacturing Sdn Bhd,
- American Foods Group LLC,
- Tahira Foods Ltd, etc., among others
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FAQs (Frequently Ask Questions)
- What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
- What are the trends influencing the current scenario of the Halal Food Market?
- What are the key factors that would propel and hinder the industry?
- Which geographical area dominates the Halal Food industry?
- Which is the Leading segment in the market?
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