Halal Food and Beverage Market Size, Share, Growth Analysis, By Type(Halal Food, Halal Drinks and Halal Supplements), By Product(Meat & Alternatives, Milk & Milk Products, Fruits & Vegetables, Grain Products and Others), By Distribution Channel(Hypermarkets/Supermarkets, Convenience Stores, and Online Channel), By Region - Industry Forecast 2024-2031

Report ID: SQMIG30I2184 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 90 | Figures: 76

Halal Food and Beverage Market Regional Insights

Asia Pacific produced the largest contributions, representing 60.3% of the global market in 2021. Migration from nations with a majority of Muslims to other areas is one of the main factors causing the Muslim community in the Asia-Pacific region to grow significantly. The market for these foods has grown in demand as the number of Muslims has increased, and it is expected that this trend will continue during the forecast period.

Europe, the second-fastest-growing businesses, is expected to experience a CAGR of 4.7% from 2022 to 2030. The growing trend of certified goods in the area, which is increasing product visibility among consumers, will support the market in the region even more. For instance, the French fast-food chain O'Tacos announced the introduction of meat and vegetable wraps in the manner of France in Italy in 2020. Furthermore, 500 small- to large-scale Italian manufacturers now have halal certification. Because of the aforementioned tendency and the introduction of newly certified goods, it is anticipated that the market in the region is going to have an upward development shift.

Halal Food and Beverage Market Report Snapshots

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Halal Food and Beverage Market size was valued at around USD 802.83 billion in 2022 and is poised to grow from USD 831.73 billion in 2023 to USD 1103.73 billion by 2031, at a CAGR of 3.6 % over the forecast period (2024–2031).

The market for halal food and drink is extremely fragmented due to the existence of numerous regional and local actors. To remain competitive, businesses have been putting various expansion strategies into practice, such as partnerships and the introduction of new products. 'Nestle S.A.', 'Kellogg Company', 'Unilever N.V.', 'Al Islami Foods', 'BRF S.A.', 'Cargill Inc.', 'Crave Foods', 'Haoyue Group', 'Kawan Food Berhad', 'Kraft Heinz Company', 'Saffron Road Food', 'QL Foods Sdn Bhd', 'Sinar Sosro', 'Sireh Emas Sdn Bhd', 'Sukanda Djaya', 'Tariq Halal', 'Tegel Foods', 'Yum! Brands, Inc.', 'Tahira Food', 'Midamar Corporation'

There is a growing awareness among consumers about halal products and their benefits, such as being healthier and more ethical. This is leading to an increased demand for halal-certified products.

There is a growing focus on ensuring the authenticity of halal products, as consumers become more aware of the potential for fraud and mislabelling in the halal food and beverage market.

Asia Pacific produced the largest contributions, representing 60.3% of the market in 2021. Migration from nations with a majority of Muslims to other areas is one of the main factors causing the Muslim community in the Asia-Pacific region to grow significantly. The market for these foods has grown in demand as the number of Muslims has increased, and it is expected that this trend will continue during the forecast period.

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Halal Food and Beverage Market Regional Insights

Halal Food and Beverage Market Report Snapshots

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