Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The Halal Foods & Beverages Market is shaped by various market factors that contribute to its growth and evolution. One of the primary drivers is the increasing global Muslim population. As the Muslim demographic expands, so does the demand for Halal-certified products. This surge in demand extends beyond traditional Halal markets, reaching diverse regions where consumers are increasingly seeking food and beverages that align with Islamic dietary laws. This demographic trend serves as a key catalyst for the market's expansion, prompting manufacturers to offer a wider range of Halal options to cater to the diverse tastes and preferences of Muslim consumers.
Furthermore, the rising awareness of Halal principles among non-Muslim populations also plays a significant role in driving the Halal Foods & Beverages Market. Consumers are increasingly valuing transparency, ethical sourcing, and responsible production practices. Halal certification is often perceived as a mark of quality and safety, appealing to a broader audience concerned about the origin and production methods of the food and beverages they consume. This growing awareness extends to both Muslim and non-Muslim consumers, influencing purchasing decisions and fostering the market's expansion.
The Halal Foods & Beverages Market is also influenced by the globalization of trade and the increasing interconnectedness of economies. As international trade barriers reduce, Halal products are becoming more accessible in various parts of the world. This globalization has led to increased collaboration and partnerships among manufacturers, suppliers, and certification bodies to ensure compliance with Halal standards. As a result, consumers have access to a diverse array of Halal options, contributing to the market's growth on a global scale.
Moreover, the role of technology in the food and beverage industry has significantly impacted the Halal market. Technological advancements have improved supply chain transparency, traceability, and certification processes. Blockchain technology, for example, enables consumers to trace the journey of Halal products from farm to fork, instilling confidence in the authenticity of Halal claims. Additionally, e-commerce platforms have facilitated the accessibility of Halal products, allowing consumers to explore and purchase a wide range of options from the comfort of their homes.
The regulatory landscape is another crucial factor influencing the Halal Foods & Beverages Market. Governments and international organizations are recognizing the economic potential of the Halal industry and implementing regulations to standardize Halal certification processes. This standardization helps build consumer trust, enhance market credibility, and reduce barriers to entry for manufacturers. However, variations in Halal standards and certification processes across different regions pose challenges, necessitating ongoing efforts to harmonize regulations and foster a more consistent global Halal market.
Competitive dynamics also contribute to the shaping of the Halal Foods & Beverages Market. As consumer demand for Halal products grows, manufacturers are compelled to differentiate themselves through innovation, product development, and marketing strategies. This competitive environment stimulates the introduction of new and diverse Halal food and beverage options, ranging from traditional staples to innovative and specialized products.
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
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
