Global Halal Ingredients Market Overview
As per MRFR analysis, the Halal Ingredients Market Size was estimated at 202.62 (USD Billion) in 2022.
The Halal Ingredients Market Industry is expected to grow from 220.37(USD Billion) in 2023 to 469.1 (USD Billion) by 2032. The Halal Ingredients Market CAGR (growth rate) is expected to be around 8.76% during the forecast period (2024 - 2032).
Key Halal Ingredients Market Trends Highlighted
Halal ingredients are gaining increasing prominence in the global food and beverage industry, driven by the growing Muslim population and their rising disposable income. Key market drivers include increased awareness of halal products, certification standards, and government regulations. The demand for halal ingredients is particularly strong in the Middle East, North Africa, and Southeast Asia.
Opportunities exist in the development of innovative halal ingredients that meet the specific dietary needs of Muslim consumers. There is also potential for growth in the halal gourmet and processed food segments. Recent trends include the use of plant-based halal ingredients, the adoption of new technologies for halal production, and the expansion of halal ingredient distribution channels. By catering to the growing demand for halal ingredients, manufacturers and distributors can tap into a lucrative market with significant potential for growth.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Halal Ingredients Market Drivers
Growing Muslim Population
The growing Muslim population is a major driver of the Halal Ingredients Market Industry. The number of Muslims worldwide is expected to reach 2.2 billion by 2030, making them the second-largest religious group in the world. This growth is expected to lead to a corresponding increase in demand for Halal food and beverage products, which in turn will drive demand for Halal ingredients.The Muslim population is growing rapidly in both developed and developing countries.In Europe, for example, the Muslim population is expected to reach 58 million by 2030. In North America, the Muslim population is expected to reach 11.1 million by 2030. And in Southeast Asia, the Muslim population is expected to reach 335 million by 2030.This growth is being driven by a number of factors, including high birth rates, immigration, and conversion. As the Muslim population continues to grow, so too will the demand for Halal food and beverage products.The growing Muslim population is a major opportunity for the Halal Ingredients Market Industry.By investing in Halal ingredients, food and beverage companies can tap into a rapidly growing market with a high demand for their products.
Increasing Awareness of Halal Products
Another key driver of the Halal Ingredients Market Industry is the increasing awareness of Halal products. People are becoming more aware of the Halal food and beverage products and hence they are demanding more of these products from the food and beverage companies. This can be attributed to the following, The increasing Muslim population, The growing popularity of the Halal food and beverage products, The increasing availability of the Halal food and beverage products, The increasing number of food and beverage companies that are offering Halal products.People are becoming more aware of the Halal food and beverage products and hence they are demanding more of these products from the food and beverage companies. This is a big opportunity for the Halal Ingredients Market Industry.
Government Support for Halal Industry
Government support for the Halal industry is another factor that is driving the growth of the Halal Ingredients Market Industry. Governments in many countries are providing financial and other assistance to the Halal industry so that it could help the people who follow Halal and contribute towards the growth of the countries’ economies. It is being done in a number of ways: Providing monetary help to the Halal companies Formulation of Halal standards and laws Promoting Halal products Carrying out research and developmentGovernments’ efforts are helping the Halal businesses and are leading the Halal Ingredients Market Industry in the growth mode.
Halal Ingredients Market Segment Insights
Halal Ingredients Market Product Category Insights
Introduction Halal Ingredients Market Type of products According to Marketandmarket.com, halal ingredients market is distributed within 5 product categories. First of all, the meat and poultry category is considered the largest segment of the market as it is expected to reach USD 102.2 billion in 2023. The demand for such products has been growing because of a high demand for halal meat and poultry among Muslim consumers all over the world. The second segment in terms of its size is the dairy products segment which expected value is USD 54.2 billion in 2023.The demad for halal dairy products in growing among Muslim customers and, in addition, plant based alternatives to the products of the segment are becoming more popular. Bakery and confectionery segment is the third one and is expected to reach USD 33.2 billion in 2023. The demand for halal bakery and confectionery products among Muslim consumers is also growing as gluten free and vegan such products are becoming more popular. The forth segment is the beverages and its expected value in 2023 is evaluated at 21.1 billion. The demand for halal beverages globally and the sales of non-alcoholic beverages increase within the segment.The smallest segment is other food ingredients which is expected to be valued at 9.6 billion in 2023. The demand for halal food ingredients by food manufacturers and the sales of clean label and natural ingredients add to the growth of the segment.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Halal Ingredients Market Application Insights
The growth of the market is attributed to the increasing demand for halal-certified products among Muslim consumers around the world. In terms of application, the food and beverages segment is expected to dominate the Halal Ingredients Market in 2023, accounting for a significant share of the market revenue. The growing demand for halal-certified food and beverages is driven by the rising Muslim population, particularly in regions such as the Middle East, North Africa, and Southeast Asia. The halal food and beverage industry is witnessing a surge in innovation, with manufacturers introducing new products and flavors to cater to the evolving preferences of consumers.The pharmaceuticals segment is another major application area for halal ingredients. Halal pharmaceuticals are essential for Muslim patients who require medications that comply with Islamic dietary laws. The growing awareness of halal certification in the pharmaceutical industry is driving the demand for halal ingredients in this segment. The cosmetics and personal care segment is also expected to witness significant growth in the Halal Ingredients Market. Halal cosmetics and personal care products are becoming increasingly popular among Muslim consumers who seek products that are both effective and compliant with Islamic principles.The growing demand for halal cosmetics and personal care products is expected to drive the growth of this segment in the coming years. The foodservice segment is another important application area for halal ingredients. Halal foodservice establishments are becoming increasingly common around the world, catering to the growing demand for halal dining options. The growth of the halal foodservice industry is expected to drive the demand for halal ingredients in this segment.
Halal Ingredients Market Certification Insights
Certification is a crucial aspect of the Halal Ingredients Market, ensuring compliance with Islamic dietary laws. Key certification bodies include HFCE (Halal Food Council of Europe), JAKIM (Department of Islamic Development Malaysia), and MUI (Majelis Ulama Indonesia). HFCE is recognized in Europe and globally, with a strong presence in the Middle East and North Africa. JAKIM is the leading certification body in Malaysia, with a significant influence in Southeast Asia. MUI, on the other hand, is the largest halal certification body in the world, with a dominant presence in Indonesia and a growing global footprint.The Halal Ingredients Market is expected to witness significant growth in the coming years, driven by rising demand for halal-certified products. Certification bodies play a vital role in ensuring the integrity and credibility of halal products, contributing to the overall growth and expansion of the market.
Halal Ingredients Market Distribution Channel Insights
Distribution Channel Segment The distribution channel segment of the Halal Ingredients Market is expected to witness significant growth in the coming years. Hypermarkets and supermarkets are projected to hold a major share of the market due to their wide reach and extensive product offerings. Convenience stores are also gaining popularity as a distribution channel for Halal ingredients, as they offer convenience and accessibility to consumers. Online retailers are emerging as a promising channel, particularly for niche Halal products and ingredients.Foodservice distributors play a crucial role in supplying Halal ingredients to restaurants and catering businesses, and are expected to experience steady growth. The increasing demand for Halal food products is driving the growth of all these distribution channels, as they strive to meet the needs of a growing consumer base.
Halal Ingredients Market Regional Insights
The regional segmentation of the Halal Ingredients Market provides insights into the market's geographical distribution and performance. North America is expected to dominate the market in 2023, with a significant share of the Halal Ingredients Market revenue. The region's large Muslim population and growing demand for halal-certified products drive its dominance. Europe follows closely, driven by increasing awareness of halal products and regulations supporting their production. APAC is projected to witness substantial growth due to the rising Muslim population and expanding halal food industry in countries like Indonesia, Malaysia, and Pakistan.South America and MEA are emerging markets for halal ingredients, with considerable growth potential. As of 2023, the MEA region is anticipated to hold a smaller share of the Halal Ingredients Market data, but it is expected to grow steadily due to increasing demand from Muslim-majority countries.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Halal Ingredients Market Key Players And Competitive Insights
Major players in Halal Ingredients Market are focusing on expanding their product portfolios and increasing their production capacities to meet the growing demand. Leading Halal Ingredients Market players are also investing in research and development to develop new and innovative products that cater to the specific needs of their customers. The Halal Ingredients Market industry is highly competitive, with a number of well-established players. Some of the key players in the market include Cargill, Kerry Group, ADM, and IFF. These companies have a strong presence in the market and offer a wide range of halal ingredients to their customers. They are also investing heavily in research and development to develop new and innovative products that meet the evolving needs of the market. The Halal Ingredients Market is expected to witness significant growth in the coming years, driven by the increasing demand for halal products from Muslim consumers around the world. This growth is expected to be particularly strong in the Asia-Pacific region, where the Muslim population is growing rapidly.Cargill is a leading provider of halal ingredients to the food and beverage industry. The company offers a wide range of halal ingredients, including meat, poultry, seafood, and dairy products. Cargill also has a strong presence in the Asia-Pacific region, where it has a number of production facilities. The company is committed to providing its customers with high-quality halal ingredients that meet the highest standards of Islamic law.Nestlé is a leading food and beverage company with a strong presence in the halal market. The company offers a wide range of halal products, including infant formula, confectionery, and dairy products. Nestlé has a number of production facilities in Muslim-majority countries, and it is committed to providing its customers with high-quality halal products that meet the highest standards of Islamic law.
Key Companies in the Halal Ingredients Market Include
- Tate Lyle
- Evonik
- Novozymes
- Hansen Holding
- Kerry Group
- Cargill
- DSM
- DuPont
- Lonza
- Symrise AG
- AB Enzymes
- ADM
- IFF
- Kemin Industries
- Ingredion
Halal Ingredients Market Industry Developments
The Halal Ingredients Market is projected to grow from $230.8 billion in 2023 to $469.1 billion by 2032, exhibiting a CAGR of 8.76% during the forecast period (2024-2032). The market growth can be attributed to the increasing Muslim population, rising demand for halal-certified products, and growing awareness about the importance of halal food.Recent news developments in the halal ingredients market include: April 2023: IFF, a leading flavor and fragrance company, announced the launch of a new range of halal-certified flavors and fragrances to cater to the growing demand for halal products. June 2023: The Halal Development Corporation (HDC) of Malaysia signed a memorandum of understanding (MOU) with the Indonesian Halal Product Assurance Agency (BPJPH) to strengthen cooperation in the development and promotion of halal products. September 2023: The Gulf Cooperation Council (GCC) Standardization Organization (GSO) issued a new halal standard, GSO 2055-1:2023, to harmonize halal certification requirements across the GCC region.
Halal Ingredients Market Segmentation Insights
- Halal Ingredients Market Product Category Outlook
- Meat and Poultry
- Dairy Products
- Bakery and Confectionery
- Beverages
- Other Food Ingredients
- Halal Ingredients Market Application Outlook
- Food and Beverages
- Pharmaceuticals
- Cosmetics and Personal Care
- Foodservice
- Halal Ingredients Market Certification Outlook
- HFCE (Halal Food Council of Europe)
- JAKIM (Department of Islamic Development Malaysia)
- MUI (Majelis Ulama Indonesia)
- Halal Ingredients Market Distribution Channel Outlook
- Hypermarkets and Supermarkets
- Convenience Stores
- Online Retailers
- Foodservice Distributors
| Report Attribute/Metric |
Details |
| Market Size 2022 |
202.62(USD Billion) |
| Market Size 2023 |
220.37(USD Billion) |
| Market Size 2032 |
469.1(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
8.76% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Tate Lyle ,Evonik ,Novozymes ,Chr. Hansen Holding ,Kerry Group ,Cargill ,DSM ,DuPont ,Lonza ,Symrise AG ,AB Enzymes ,ADM ,IFF ,Kemin Industries ,Ingredion |
| Segments Covered |
Product Category ,Application ,Certification ,Distribution Channel ,Regional |
| Key Market Opportunities |
Rising Muslim population Growing demand for halalcertified products Increasing awareness of halal certification Government support for halal industry Expansion into new markets |
| Key Market Dynamics |
Growing Muslim population Rising health consciousness Increasing demand for convenience foods Expanding applications in food and beverage industry Govt initiatives to promote halal products |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Halal Ingredients Market size is expected to be valued at USD 220.37 billion in 2023, and is projected to expand at a compound annual growth rate (CAGR) of 8.76% to reach USD 469.1 billion by 2032.
The Asia Pacific region is expected to dominate the Halal Ingredients market throughout the forecast period, with a significant contribution from countries such as Indonesia, Malaysia, and India. The Middle East and Africa region is also anticipated to witness substantial growth, owing to the increasing Muslim population and rising demand for Halal products.
Halal Ingredients are used in a wide range of applications, including food and beverages, pharmaceuticals, cosmetics, and personal care products. The food and beverage industry accounts for the largest share of the Halal Ingredients market, as Halal ingredients are used in the production of various food and beverage products, such as meat, poultry, seafood, dairy products, and confectionery.
Major players operating in the Halal Ingredients Market include Archer Daniels Midland Company, Cargill Incorporated, Kerry Group plc, BRF S.A., and Al Islami Foods. These companies focus on innovation and product development to meet the growing demand for Halal ingredients.
The Halal Ingredients market is expected to witness significant growth in the coming years, driven by factors such as the increasing Muslim population worldwide, rising awareness about Halal products, and growing demand for Halal food and beverages.
The Halal Ingredients market faces challenges related to ensuring the authenticity and traceability of Halal ingredients, as well as meeting the regulatory requirements of different countries.
Key trends shaping the Halal Ingredients market include the increasing demand for clean label and organic Halal ingredients, the adoption of advanced technologies for Halal ingredient production, and the growing popularity of e-commerce for Halal ingredient distribution.
The Halal Ingredients market presents opportunities for growth in emerging markets, such as Africa and Southeast Asia, where there is a large Muslim population and growing demand for Halal products.
The growth of the Halal Ingredients market is driven by factors such as the increasing Muslim population worldwide, rising awareness about Halal products, and growing demand for Halal food and beverages.
The Halal Ingredients market faces challenges such as ensuring the authenticity and traceability of Halal ingredients, as well as meeting the regulatory requirements of different countries.
