Halal Food Global Market Report 2024

The halal food market size has grown rapidly in recent years. It will grow from $1496.23 billion in 2023 to $1727.74 billion in 2024 at a compound annual growth rate (CAGR) of 15.5%. The growth observed in the historical period can be ascribed to the rising Muslim population, globalization, and cultural diversity, heightened awareness of halal certification, trends in tourism and halal tourism, as well as innovations in halal food and product diversity.

The halal food market size is expected to see rapid growth in the next few years. It will grow to $2928.57 billion in 2028 at a compound annual growth rate (CAGR) of 14.1%. The anticipated growth in the forecast period can be linked to a heightened emphasis on clean label and natural ingredients, advancements in plant-based and meat alternatives, the emergence of halal cosmetics and personal care products, increasing disposable income in Muslim markets, and the prevalence of health and wellness trends in halal products. Key trends expected in the forecast period involve heightened collaboration among halal certification bodies, the application of blockchain technology for halal verification, the use of digital platforms for halal certification, the globalization of halal products, and the popularity of halal convenience foods.

The halal food market is experiencing growth, primarily attributed to the increasing Muslim population globally. The demand for halal-certified food among Muslims is rising due to the assurance of food safety and hygiene. According to the Pew Research Center, the Muslim population is expected to increase by around 2.19 billion by 2030. Consequently, the growing Muslim population is expected to drive the growth of the halal food market.

The halal food market is expected to experience growth due to the adoption of good dieting patterns. Good dieting patterns involve a balanced and varied intake of nutritious foods that cater to individual health needs, promoting overall well-being. Integrating halal foods into these patterns ensures compliance with Islamic dietary laws while maintaining a wholesome nutritional intake. In May 2022, the International Food Information Council reported a significant increase in dietary consciousness among Americans, with 52% adhering to specific diets or eating patterns in 2022, compared to 39% in 2021 and 43% in 2020. The adherence to good dieting patterns is a driving factor for the growth of the halal food market.

Technological advancements are key trends gaining popularity, driven by the increasing demand for halal foods. Halal laboratories are actively engaged in ensuring food safety and analyzing food products to maintain quality standards, detecting the presence of porcine material or alcohol. Technologies such as blockchain and the Internet of Things (IoT) are strengthening the market. For example, in August 2022, Fluree PBC, a US-based open-source semantic graph database company, and Sinisana Technologies, a Malaysia-based Web3 Blockchain Traceability firm, collaborated to provide end-to-end halal food product sourcing, provenance, and safety. This collaboration, utilizing Fluree technology, ensures openness and integrity in the supply chain of halal food items.

Major companies are concentrating on the development of convenience food, specifically certified halal ready meals, to meet the growing demand and gain a competitive edge. Certified halal ready meals adhere to Islamic dietary laws and have official certification confirming compliance with halal standards. For instance, in June 2022, The Halal Food Company, based in Ireland, launched a new range of certified halal ready meals in 140 Sainsbury's stores. With approximately 4.2 million individuals following a halal diet in the UK, the company aims to fill a gap in the market for premium, chef-prepared meals inspired by diverse cultural cuisines. The company also plans to expand its range to include sandwich fillings and finger foods, providing an extensive selection of Muslim-targeted convenience food.

In January 2021, Agthia Group, a UAE-based food and beverage company, acquired an 80% stake in Nabil Foods for an undisclosed amount. Through this acquisition, Agitha gains immediate access to new revenue streams and significant cross-selling opportunities to support its growth strategy. Nabil Foods is a Jordan-based manufacturer and distributor of a wide range of frozen and chilled 100% halal products, from chicken shawarma sandwiches to kubbeh balls.

Major companies operating in the halal food market report are Cargill Incorporated, Nestle Société Anonyme, Unilever Group, Wellmune, Brazilian Food Corporation, BRF S.A., SUKHIS GOURMET INDIAN FOOD, Texas Halal Corporation, Beijing Shunxin Agriculture Co. Ltd., American Foods Group LLC, Kawan Food Berhad, Harris Ranch Beef Company, Noor Pharmaceuticals LLC, Crescent Foods, Alpina Foods, Al Islami Foods Corporation, Saffron Road Food Company, QL Foods Sdn. Bhd., Midamar Corporation, Tahira Foods Limited, Pampanga's Best Inc., AL-FALAH FROZEN FOODS, Prima Quality Food Industries Sdn Bhd, Nema Food Inc., Salwa Foods, Tallgrass Beef Company, The American Halal Co. Incorporated, Dagang Halal Group, Jingyitai Halal Food Co. Ltd., Ayamas Food Corporation.

Asia-Pacific was the largest region in the halal food market in 2023. The regions covered in the halal food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the halal food market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of halal food are meat, poultry, seafood, fruits and vegetables, dairy products, cereals and grains, oil, fats and waxes, and confectionary. Meat is a meal made from the flesh of an animal. Halal food is distributed through hypermarkets, supermarkets, online stores, and specialty stores channels, and it is used by households, food services, and the food industry.

The halal food market research report is one of a series of new reports that provides halal food market statistics, including halal food industry global market size, regional shares, competitors with a halal food market share, detailed halal food market segments, market trends and opportunities, and any further data you may need to thrive in the halal food industry. This halal food market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The halal food market consists of sales of certified meat and poultry, seafood, nuts, eggs, peanut butters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.