MarkNtel Advisors recently published a detailed industry analysis of the Global Halal Food Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Halal Food Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The Halal Food Market was valued at USD 2,545.9 billion in 2023 and is projected to reach USD 5,243 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 9.6% during the forecast period, i.e., 2025-30.
What are the major Driver the Global Halal Food Market?
Increasing Growth in Halal Tourism in Non-Arab Countries– There has been a significant expansion in Halal tourism around the globe driven by consumers demanding travel experiences aligning with their cultural and religious values. The travel requirements of Muslim travelers following Halal regulations require specific conditions, including alcohol-free restaurants, only hallal food-providing outlets, Muslim-friendly accommodations, prayer rooms, etc.
Furthermore, not only the Arab countries but also countries like Brazil, Argentina, the Philippines, Nigeria, China, Taiwan, etc., are becoming leading destinations for Halal tourism, owing to the services and facilities provided. The countries provide a suitable environment for Muslims following halal specifications, propelling tourism in the countries. For instance:
- In 2022, according to the Global Muslim Travel Index, Malaysia was positioned as the number one destination for Halal Tourism globally.
Thus, the rising Halal tourism across the globe is leading to a significant increase in the establishment of hotels, restaurants, cafes, and food outlets suiting the halal guidelines. This, in turn, is increasing the demand for halal food products. Also, consumers looking for diverse culinary experiences while aligning with their religious beliefs are significant drivers behind the surging demand for halal meat, dairy, and confectionery products, thus driving market growth.
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What segments define the Global Halal Food Market from 2025 to 2030? How do these segments contribute to market dynamics and growth?
By Product Type
- Meat Products- Market Size & Forecast 2020-2030, (USD Million)
- Poultry- Market Size & Forecast 2020-2030, (USD Million)
- Chicken- Market Size & Forecast 2020-2030, (USD Million)
- Turkey- Market Size & Forecast 2020-2030, (USD Million)
- Others (Goose, Duck, etc.) – Market Size & Forecast 2020-2030, (USD Million)
- Beef- Market Size & Forecast 2020-2030, (USD Million)
- Mutton- Market Size & Forecast 2020-2030, (USD Million)
- Seafood- Market Size & Forecast 2020-2030, (USD Million)
- Poultry- Market Size & Forecast 2020-2030, (USD Million)
- Dairy Products- Market Size & Forecast 2020-2030, (USD Million)
- Milk- Market Size & Forecast 2020-2030, (USD Million)
- Others (Cheese, Butter, etc.) – Market Size & Forecast 2020-2030, (USD Million)
- Fruits & Vegetables- Market Size & Forecast 2020-2030, (USD Million)
- Cereals & Grains- Market Size & Forecast 2020-2030, (USD Million)
- Plant-based & Vegan Products- Market Size & Forecast 2020-2030, (USD Million)
- Others (Confectionary, Oils, Fats, etc.) – Market Size & Forecast 2020-2030, (USD Million)
According to report, The Meat products segment held the largest market share over the past few years and is expected to maintain its dominance during the forecast period as well.
By Distribution Channel
- Offline- Market Size & Forecast 2020-2030, (USD Million)
- Supermarkets & Hypermarkets- Market Size & Forecast 2020-2030, (USD Million)
- Convenience Stores- Market Size & Forecast 2020-2030, (USD Million)
- Specialty Stores- Market Size & Forecast 2020-2030, (USD Million)
- Online- Market Size & Forecast 2020-2030, (USD Million)
According to report, The Online segment is poised to experience notable growth in the forecast period of 2025-2030.
Explore the Complete Global Halal Food Market Analysis Report – https://www.marknteladvisors.com/research-library/halal-food-market.html
Geographical Analysis: Global Halal Food Market
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Global Halal Food Market Share & Competitive Landscape:
The Halal Food Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Global Halal Food Market are:
- Cargill Inc.
- BRF Global
- Mondelez International
- Del Monte Llc
- Unilever Plc
- Nestlé (Malaysia) Berhad
- Tyson Foods Inc.
- Al Islami Foods
- Saffron Road
- QL Resources Berhed
- Garuda Foods
- Haoyue Group
- Kawan Food Manufacturing Sdn Bhd
- American Foods Group LLC
- Tahira Foods Ltd.
Global Halal Food Recent Development:
- 2023: Saffron Foods, announced its plans to launch plant-based halal-certified food products in the US and Canada markets.
- 2023: Garudafood announced to launch of a range of new halal-certified food products to expand its product portfolio.
Questions Addressed in this Study
1.What factors are driving the Global Halal Food Market growth?
2.How is the Global Halal Food Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Global Halal Food Market?
4.What is the current size of the Global Halal Food Market, and how is it projected to change in the future?
6.What is the future outlook for the Global Halal Food Market in terms of technological advancements and market expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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