Halal Food Market Growth, Outlook, Demand, Keyplayer Analysis and Opportunity 2023-2028

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Global Halal Food Market Research Report:

The latest report by IMARC, titled “ Halal Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ” " the global halal food market size reached US$ 2,221.3 Billion in 2022. Halal food includes food items that are permissible as per Islamic terms and is considered suitable for Muslims to consume. This means it fulfills the practices prescribed under a specific Islamic law. According to the Islamic principle, halal foods should not contain any antibiotics, preservatives and hormones, must be prepared with clean equipment and the non-vegetarian food should be slaughtered as per the Islamic guidelines. All foods and beverages are considered halal except alcohol. There has been a considerable rise in the popularity of halal food among the masses as it is beneficial for human health and aid in improved immune and metabolism systems.

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Global Halal Food Market Trends :

The global market is primarily driven by the increasing Muslim population. Coupled with the growing concern regarding food safety, reliability and hygiene among individuals, this is driving the sales of halal foods. This has encouraged numerous leading manufacturers to heavily invest to diversify their product portfolio and introduce valueadded food items, which, in turn, is creating a positive market outlook. In addition to this, several initiatives have been undertaken by the governing authorities to mandate the adoption of halal certification and labeling rules is providing a boost to the market. Along with this, the proliferation of halal-based quick service restaurants (QSRs) and food joints is significantly supporting the demand on the global level. Apart from this, numerous leading players are spending in the development of aggressive marketing strategies, celebrity endorsements and promotional campaigns to attract potential customers. Other factors, including easy product availability via online and offline organized distribution channels and the escalating popularity of halal food among the non-Muslim population, are also positively influencing the market. On account of the aforementioned factors, the market size is anticipated to reach a value of US$ 4,177.3 Billion by 2028, exhibiting a CAGR of 10.8% during 2023-2028.

Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

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Market Summary:

Breakup by Product:

• Meat, Poultry & Seafood

• Fruits & Vegetables

• Dairy Products

• Cereals & Grains

• Oil, Fats & Waxes

• Confectionery

• Others

Breakup by Distribution Channel:

• Traditional Retailers

• Supermarkets & Hypermarkets

• Online

• Others

Regional Insights:

• Asia Pacific

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• Middle East & Africa

• Europe

• North America

• Latin America

Note: We are updating our reports, If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report.

Competitive Landscape with Key Players:

Al Islami Foods Co.

DagangHalal Group

Saffron Road

Kawan Foods Berhad

Janan Meat Ltd

Prima Agri-Products Sdn Bhd

Cargill Inc.

BRF S.A.

Nestle S.A.

Tahira Foods Ltd.

• and Al-Falah Halal Foods Ltd.

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