USD 1,977 billion
Global Halal Food Market Size, Share, Growth Analysis, By Product Type(Meat, Poultry & Seafood), By Distribution Channel(Traditional Retailers, Supermarkets) - Industry Forecast 2022-2028
Report ID: SQMG30I2015 | Region: Global | Published Date: October, 2022 | Pages: 165
Global Halal Food Market Insights
Global Halal Food Market is valued at USD 1,977 billion in 2021, and it is expected to attain a value of USD 3,907.8 billion by 2028, at a CAGR of 11.25% over the forecast period (2022-2028).
There is rising revenue among customers in the utilization of natural and regular food and refreshment items, addresses areas of strength for a business opportunity for halal food items to address. Halal refreshments are supposed to be progressively made accessible in western-style supermarkets, including grocery store and hypermarket chains. In numerous nations, general stores and food makers have begun connecting with Muslim purchasers by offering a more extensive determination of halal refreshment items.
The halal food market is projected to observe colossal development in the upcoming period, attributable to rising interest from both Muslim and Non-Muslim buyers. This is predominantly because of the cleanliness retaled benefits related with halal items like liberated from debasements, liquor, and blood. In addition, organizations are progressively following halal-based planning as this affirmation gives both quality and taste level, subsequently, giving an edge in the commercial center.
Market snapshot
Global Market Size
Largest Segment
Traditional Retailers
Fastest Growth
Traditional Retailers
Growth Rate
11.25% CAGR
Global Halal Food Market, 2021-2028($ Bn)
Country Share for North America Region- 2021 (%)
Global Halal Food Market Size By Distribution Channel , 2021-2028 ($ Bn)
Global Halal Food Market Size By Distribution Channel , 2021-2028 (%)
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Global Halal Food Market Segmental Analysis
Global Halal Food Market is segmented based on Product Type, Distribution Channel and Region. Based on Product Type it is categorized into: Meat, Poultry & Seafood, Fruits & Vegetables, Dairy Products, Cereals & Grains, Oil, Fats & Waxes, Confectionery, Others. Based on Distribution Channel it is categorized into: Traditional Retailers, Supermarkets and Hypermarkets, Online, Others Others. Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Product Type
The Meat Segment of the Global Halal Market has the largest revenue share in the year 2021 because of their highest consumption. The incentive for meat, poultry, and fish items is the biggest in the halal food market because of its overall reach and prevalence. Arising economies, like China, India, and Indonesia, are supposed to contribute significantly to the development of the halal meat and poultry industry because of rising earnings and good dieting patterns among customers. The developing interest for packaged processed meat items as they are viewed as clean and great items is supposed to fuel the segmental development in the predictable years. The key makers are putting resources into better advances of meat conservation to satisfy the developing customer interest for all the more new and solid handled meat items. With the developing mindfulness in regards to food quality and wellbeing, the interest for halal certificate increments for different items like dairy, oat based items, and organic products and vegetables.
Analysis by Distribution Channel
Traditional Retailers dominated the Distribution Channel Segment of the Global Halal Food Market followed by the Supermarket/Hypermarkets considering to be the fastest growing modes. The purchaser information that the creature is butchered in a halal manner basically drives the market. Traditional retaillers hold the significant share as butcher shops mainly sell halal meat, poultry, and fish items in most Islamic nations and non-Islamic nations. Be that as it may, the quick development of dispersion channels has fundamentally fuelled the segmental development throughout recent years. The store channels are developing quickly to put resources into more current innovations and proposition buyers a wide assortment of items. These retail diverts are putting resources into following all administrative necessities to work on the security and nature of items they offer. The rising digitalization across the world would likewise uphold the development of online retail channels.
Global Halal Food Market By Distribution Channel , 2021(%)
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Global Halal Food Market Regional Insights
The Asia Pacific region accounted for more than 34% market share of the Global Halal Food market. The Asia Pacific was the main market for halal food in 2021, and in the upcoming years, the area is supposed to give market dealers a few open doors to development. Because of the developing Muslim population as well as the fundamentally rising food interest and costs, the global halal food market is supposed to grow significantly over the conjecture period. The Middle East and Africa have gigantic idle for the market development as the clients in this region are primarily Muslim with expanding per capita incomes. Europe is noticing huge development on the lookout. Flooding adaptable earnings combined with a rising in the market growth.
Global Halal Food Market By Geography, 2021 - 2028
- Largest
- Fastest
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Global Halal Food Market Dynamics
Driver
- Islam is the fastest developing religion around the world, which certifiably influences the worldwide interest for halal food and drink items. According to the most recent record announced by the Government of Saudi Arabia the worldwide Muslim populace implies around 28.26% of the all out total populace.
- Also, the rising cognizance among the Muslim population concerning the necessity and certainty to ingest just halal food overwhelmingly controls the development of the worldwide halal food market Moreover, the developing unnecessary income levels of the Islamic populace are additionally expected to push the market development during the impending years.
Restraint
- The global view of guideline of the halal food and refreshments market is continually advancing. The administrative systems in this area are perplexing, and they fluctuate across borders and nations. Muslim-majority nations have an alternate methodology from Muslim-minority nations. A major barrier to the halal food market 's expansion is the difficulty in creating a regulatory framework that would bring it up to the same standards of compliance as the traditional food sectors.
- The absence of a steady global structure to guarantee halal honesty confuses business for makers by representing a test to get to product and homegrown business sectors. The absence of clear and straightforward administrative systems and contrasts of assessment and understandings address challenges for customers while purchasing bundled halal food and drinks.
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Global Halal Food Market Competitive Landscape
The Global Halal Food Market is fairly concentrated, with a few big and medium-sized market participants accounting for a large portion of market revenue. The quantity of Muslim exiles have expanded lately, which have prompted a propagated interest for halal food and refreshment from various regions of the world. Major players are including Al Islami Foods (UAE), QL Foods Sdn Bhd(Malaysia), Nestlé S.A(Switzerland), DagangHalal Sdn. Bhd. (Malaysia), Cargill Inc.(US), Tahira Foods Ltd (UK), Kawan Foods Berhad (Malaysia), Janan Meat Ltd, Prima Agri-Products Sdn Bhd(Malaysia), Saffron Road (US), Unilever (UK), American Halal Company, Inc. (US)
Top Players Company Profiles
- Al Islami Foods (UAE)
- QL Foods Sdn Bhd (Malaysia)
- Nestlé S.A (Switzerland)
- DagangHalal Sdn. Bhd. (Malaysia)
- Cargill Inc. (US)
- Tahira Foods Ltd. (UK)
- Kawan Foods Berhad (Malaysia)
- Janan Meat Ltd (Malaysia)
- Prima Agri-Products Sdn Bhd (Malaysia)
- Saffron Road (US)
- Unilever (UK)
- American Halal Company, Inc. (US)
Recent Developments
- In December 2021, Pakistan, the nation with the second biggest Muslim population, supported new orders for the Pakistan Halal Authority to advance halal items locally and universally as a transition to enter the worldwide halal market.
- In May 2021, Al Islami Foods, a manufacturer of frozen halal goods based in the United Arab Emirates, has introduced a new dough category, beginning with frozen paratha, in an effort to increase the brand's accessibility, diversity, and awareness.
Global Halal Food Key Market Trends
- To address halal food market issues and further fortify customer trust in halal items, nations in the district are changing their Islamic economy procedures. For instance, Indonesia, which has the biggest Muslim population on the world at 207 million individuals — presented the Halal Product Law. Under this regulation, all purchaser items and related administrations that enter and are exchanged the nation should be halal-ensured
Global Halal Food Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, by product type, the Meat Poultry and Seafood sub-segment has the largest revenue share of The Halal Food Market. Distribution-wise, the Traditional Retailers have dominated the market with a market share. Region-wise, the Asia Pacific region accounted highest market share more than 30% in 2021.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 1,977 billion |
| Market size value in 2028 | USD 3,907.8 billion |
| Growth Rate | 11.25% |
| Base year | 2021 |
| Forecast period | 2022-2028 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Halal Food Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Halal Food Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Halal Food Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Halal Food Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Halal Food Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Halal Food Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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