Global Halal Food Market to Reach USD 5,912.0 Billion by 2033, Impelled by Growing Concerns Regarding Food Reliability

November 07, 2024 | Food & Beverages

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According to the latest report by IMARC Group, titled "Halal Food Market Report by Product (Meat, Poultry and Seafood, Fruits and Vegetables, Dairy Products, Cereals and Grains, Oil, Fats and Waxes, Confectionery, and Others), Distribution Channel (Traditional Retailers, Supermarkets and Hypermarkets, Online, and Others), and Region 2025-2033," the global halal food market size reached USD 2,714.4 Billion in 2024. 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.

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 value-added 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 USD 5,912.0 Billion by 2033, exhibiting a CAGR of 8.92% during 2025-2033.

Market Summary:

On the basis of the product, the market has been segmented into meat, poultry & seafood, fruits & vegetables, dairy products, cereals & grains, oil, fats & waxes, confectionery and others. Currently, meat, poultry and seafood represent the dominating market segment.
Based on the distribution channel, the market has been classified into traditional retailers, supermarkets & hypermarkets, online and others. Among these, supermarkets and hypermarkets represent the largest segment in the total market share.
On the basis of the regional insights, the market has been categorized into Asia Pacific, the Middle East & Africa, Europe, North America and Latin America. Presently, Asia Pacific holds the leading position in the market.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include QL Foods Sdn Bhd, 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. and Tahira Foods Ltd.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Product, Distribution Channel, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered	QL Foods Sdn Bhd, 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. and Tahira Foods Ltd.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Halal Food Market to Reach USD 5,912.0 Billion by 2033, Impelled by Growing Concerns Regarding Food Reliability

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