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The Halal Foods & Beverages Market is experiencing dynamic shifts influenced by a combination of factors, including the growing global Muslim population, increased awareness of halal dietary practices, and the globalization of food supply chains. As the Muslim consumer base expands, there is a rising demand for halal-certified products, encompassing a wide range of food and beverage categories. This demand is not limited to regions with a predominantly Muslim population; it extends globally as consumers of various cultural backgrounds seek assurance about the halal status of the products they consume.
The key driver of the market dynamics is the increasing awareness and adherence to halal dietary principles. Halal, which means permissible in Arabic, refers to food and beverages that comply with Islamic dietary laws. Consumers are becoming more conscious of the source and preparation methods of their food, prompting food manufacturers to obtain halal certifications for their products. This shift in consumer behavior is evident across various demographics, contributing to the mainstreaming of halal products in the food industry.
Globalization plays a pivotal role in shaping the Halal Foods & Beverages Market. As international trade and cultural exchange intensify, the availability and accessibility of halal products in non-Muslim-majority countries are expanding. Food manufacturers are recognizing the potential of tapping into the halal market, leading to an increased variety of halal-certified options on supermarket shelves and in restaurants worldwide. This globalization trend has created opportunities for collaboration and partnership between companies across borders to cater to the diverse needs of the halal consumer base.
The concept of ethical consumption is gaining traction, with consumers seeking products that align with their values. In the context of the Halal Foods & Beverages Market, ethical considerations go beyond religious observance and extend to issues such as animal welfare, sustainability, and fair trade practices. Consumers are increasingly looking for halal products that are not only permissible but also produced in an ethical and environmentally responsible manner. This has prompted food manufacturers to integrate ethical and sustainable practices into their production processes and supply chains to meet the evolving expectations of the modern halal consumer.
Innovation is a key dynamic in the Halal Foods & Beverages Market, with companies constantly exploring new technologies and formulations to meet the diverse preferences of consumers. This includes the development of innovative halal snacks, beverages, and convenience foods that cater to changing lifestyles. Additionally, there is a growing trend of incorporating traditional and ethnic flavors into halal products, offering consumers a culinary experience that reflects their cultural heritage.
Government regulations and certification standards also significantly impact the market dynamics of halal foods and beverages. Many countries and regions have established regulatory frameworks and certification processes to ensure the halal authenticity of products. Adhering to these standards has become a priority for companies aiming to capture a share of the growing halal market. Additionally, the presence of recognized halal certification bodies contributes to consumer confidence and facilitates international trade by establishing consistent and reliable halal standards.
The Halal Foods & Beverages Market is characterized by a mix of multinational corporations, regional players, and small and medium-sized enterprises. Established brands often collaborate with halal certification bodies to validate the halal status of their products, while smaller companies may focus on niche markets or specific product categories. Mergers and acquisitions are prevalent as companies seek to expand their halal product portfolios and enter new geographical markets.
Halal Foods Beverages Market Highlights:
Global Halal Foods & Beverages Market OverviewÂ
Halal Foods & Beverages Market Size is anticipated to reach at USD 3.27 Trillion in witness a compound annual growth rate (CAGR) of 8.9% from 2022 to 2030.
Halal foods & beverages refer to the products that comply with Islamic Sharia Law. Halal certifies that the animals were slaughtered in a single cut and thoroughly bled, and their meat has not been in contact with animals slaughtered otherwise and, especially, with pork. The global halal foods & beverages market is projected to grow at a CAGR of 8.9% during the forecast period of 2022–2030. Halal food & beverages are gaining popularity globally owing to increasing awareness among consumers about the halal-certified food. This growth in market size will be attributed to the increasing consumer expenditure on halal food and the expansion of halal food production facilities. The growth of the global halal food & beverages market is primarily driven by health benefits offered by halal food items which are continuously influencing the eating patterns of people. Halal meat is considered to be healthier than non-halal meat, also its more tender and tastier. This is due to absence of blood in halal meat, which, in turn makes it resistant to bacteria. This has resulted in an increase in the consumption and acceptance of halal food among Islamic as well as non-Islamic communities. Moreover, food producers have been offering a wide variety of halal food to consumers, which have positively stimulated the growth of the market.
Segmentation
The global halal foods & beverages market has been segmented based on type, distribution channel, and region. By type, the global halal foods & beverages market has been classified as meat, poultry & seafood, sweet & savory snacks, RTE & RTD meals, soups, sauces, & dressings, and others. Meat, poultry & seafood segment holds the major market share in global halal foods & beverages market, and the same segment is expected to be the fastest growing segment. The global halal foods & beverages market has been categorized, on the basis of the distribution channel, as store-based and non-store-based. The store-based segment has further been divided into supermarkets and hypermarkets, convenience stores, and others. The store-based segment is expected to account for the larger revenue share of the market.
However, the non-store-based segment is expected to exhibit a higher growth rate during the forecast period of 2022 to 2030. The global halal foods & beverages market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.  The North American halal foods & beverages market has further been segmented into the US, Canada, and Mexico. The European halal foods & beverages market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The halal foods & beverages market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The halal foods & beverages market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Key Players
American Halal Company Inc. (US), Cleone Foods Ltd. (UK), Nestle S.A. (Switzerland), Al Islami Foods (The UAE), BRF S.A. (Brazil), QL Foods Sdn. Bhd. (Malaysia), Nema Food Company (US), Beijing Shunxin Agriculture Co., Ltd. (China), Namet Gıda San. Ve Tic. Inc. (Turkey), Midamar Corporation (US), Tahira Foods Ltd (UK), are some of the key players in the global halal foods & beverages market.
Regional Market Summary Global Halal Foods & Beverages Market Share (%), by Region, 2018
Source: Secondary Sources and MRFR Analysis Asia-Pacific is expected to be the fastest growing region during the period of 2019–2024. The region’s growth can be attributed to the increasing awareness among consumers about halal-certified food. China and Pakistan are the major consumers of halal food & beverages, which in turn, is expected to boost the market growth during the review period. Whereas, the market in the rest of the world maintains its dominance in the global halal food & beverages market, owing to the highest Islamic population in the regions including the Middle East & Africa. Â
Global Halal Foods & Beverages Market, by Type
- Meat, Poultry &Â Seafood
- Sweet &Â Savoury Snacks
- RTE & RTD Meals
- Soups, Sauces, & Dressings
- Others
Global Halal Foods & Beverages Market, by Distribution Channel
- Store-Based
- Supermarkets & Hypermarkets
- Convenience Stores
- Others
- Non-Store-Based
Global Halal Foods & Beverages Market, by Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia and New Zealand
- Rest of Asia-Pacific
- Rest of the World (RoW)
- South America
- Middle East
- AfricaÂ
Intended Audience
- Foods & beverages industry
- Meat processing industry
- Livestock industry
- Raw material suppliers
- Retailers and wholesaler
- Traders, importers, and exporters
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