Halal food refers to the food items and beverages which are strictly underlined by Islamic dietary laws. It contains grain products such as pasta, bread or rice which are prepared without lard, alcohol or vanilla extract. According to the law, animals such as sheep, cattle and chicken are considered as halal animals. These animals are slaughtered by designated people who follow a specific set of practices which include the utterance of a prayer prior to preparing these animals for later consumption. On the other hand, aquatic animals, carnivorous animals, pork or by-products of pork are not permissible for consumption as per the law. According to the latest report by IMARC Group, titled “Halal Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global halal food market reached a value of US$ 1.5 Trillion in 2018.
The growth of the global halal food market is being primarily driven by health benefits offered by halal food items which is continuously influencing the eating patterns of people. This has resulted in an increase in the consumption and acceptance of halal food among non-Islamic communities. Moreover, food producers have been offering a wide variety of halal food to consumers which has been positively stimulating the growth of the market. The consumption of such food items is also increasing due to a surge in the Muslim population worldwide. This, in turn, has significantly bolstered the growth of the market. Looking forward, the market value is projected to reach US$ 2.9 Trillion by 2024, exhibiting a CAGR of 10.9% during 2019-2024.
Market Summary:
- Based on the distribution channel, the market has been segmented into traditional retailers, supermarkets & hypermarkets and online.
- On the basis of product, the major segments covered include meat; poultry & seafood; fruits & vegetables; dairy products, cereals & grains; oil, fats and waxes; confectionery; etc.
- Region-wise, the market has been segregated into Asia-Pacific, Middle East & Africa, Europe, North America and Latin America. Amongst these, Asia-Pacific is the leading market, accounting for the majority of the market share.
- The competitive landscape of the market has also been examined with some of the key players being Al Islami Foods, BRF, Nestle, QL Foods, Saffron Road Food, Dagang Halal, Janan Meat, Kawan Foods, Cargill, Al-Falah Halal Foods, Prima Agri-Products, Tahira Food, etc.
This report provides a deep insight into the global halal food market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the halal food market in any manner.
Key Questions Answered in This Report:
- How has the global halal food market performed so far and how will it perform in the coming years?
- What are the key regions in the global halal food market?
- Which are the popular distribution channels in the global halal food market?
- What are the key product segments in the global halal food market?
- What are the various stages in the value chain of the global halal food market?
- What are the key driving factors and challenges in the global halal food market?
- What is the structure of the global halal food market and who are the key players?
- What is the degree of competition in the global halal food market?
- How is halal food manufactured?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Halal Food Market
5.1 Market Overview
5.2 Market Performance
5.3 Price Analysis
5.4 Market Breakup by Product
5.5 Market Breakup by Distribution Channel
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.9.1 Overview
5.9.2 Suppliers
5.9.3 Food Processing
5.9.4 Distribution
5.9.5 End-Users
5.10 Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
6 Market Breakup by Product
6.1 Meat, Poultry & Seafood
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Fruits & Vegetables
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Dairy Products
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Cereals & Grains
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Oil, Fats & Waxes
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Confectionery
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Others
6.7.1 Market Trends
6.7.2 Market Forecast
7 Market Breakup by Distribution Channel
7.1 Traditional Retailers
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Supermarkets & Hypermarkets
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Online
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Region
8.1 Asia Pacific
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Middle East & Africa
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Europe
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 North America
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Latin America
8.5.1 Market Trends
8.5.2 Market Forecast
9 Competitive Landscape
9.1 Market Structure
9.2 Key Players
9.3 Profiles of Key Players
9.3.1 Al Islami Foods
9.3.2 QL Foods
9.3.3 Saffron Road Food
9.3.4 Dagang Halal
9.3.5 Janan Meat
9.3.6 Kawan Foods
9.3.7 Cargill
9.3.8 Prima Agri-Products
9.3.9 Nestle
9.3.10 BRF
9.3.11 Al-Falah Halal Foods
9.3.12 Tahira Food
List of Figures
Figure 1: Global: Halal Food Market: Major Drivers and Challenges
Figure 2: Global: Halal Food Market: Sales Value (in Billion US$), 2011-2018
Figure 3: Global: Halal Food Market: Breakup by Product (in %), 2018
Figure 4: Global: Halal Food Market: Breakup by Distribution Channel (in %), 2018
Figure 5: Global: Halal Food Market: Breakup by Region (in %), 2018
Figure 6: Global: Halal Food Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 7: Global: Halal Food Industry: SWOT Analysis
Figure 8: Global: Halal Food Industry: Value Chain Analysis
Figure 9: Global: Halal Food Industry: Porter’s Five Forces Analysis
Figure 10: Global: Halal Food (Meat, Poultry & Seafood) Market: Sales Value (in Billion US$), 2011 & 2018
Figure 11: Global: Halal Food (Meat, Poultry & Seafood) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 12: Global: Halal Food (Fruits & Vegetables) Market: Sales Value (in Billion US$), 2011 & 2018
Figure 13: Global: Halal Food (Fruits & Vegetables) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 14: Global: Halal Food (Dairy Products) Market: Sales Value (in Billion US$), 2011 & 2018
Figure 15: Global: Halal Food (Dairy Products) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 16: Global: Halal Food (Cereals & Grains) Market: Sales Value (in Billion US$), 2011 & 2018
Figure 17: Global: Halal Food (Cereals & Grains) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 18: Global: Halal Food (Oil, Fats & Waxes) Market: Sales Value (in Billion US$), 2011 & 2018
Figure 19: Global: Halal Food (Oil, Fats & Waxes) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 20: Global: Halal Food (Confectionery) Market: Sales Value (in Billion US$), 2011 & 2018
Figure 21: Global: Halal Food (Confectionery) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 22: Global: Halal Food (Other Products) Market: Sales Value (in Billion US$), 2011 & 2018
Figure 23: Global: Halal Food (Other Products) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 24: Global: Halal Food Market: Sales through Traditional Retailers (in Billion US$), 2011 & 2018
Figure 25: Global: Halal Food Market Forecast: Sales through Traditional Retailers (in Billion US$), 2019-2024
Figure 26: Global: Halal Food Market: Sales through Supermarkets & Hypermarkets (in Billion US$), 2011 & 2018
Figure 27: Global: Halal Food Market Forecast: Sales through Supermarkets & Hypermarkets (in Billion US$), 2019-2024
Figure 28: Global: Halal Food Market: Online Sales (in Billion US$), 2011 & 2018
Figure 29: Global: Halal Food Market Forecast: Online Sales (in Billion US$), 2019-2024
Figure 30: Global: Halal Food Market: Sales through Other Distribution Channels (in Billion US$), 2011 & 2018
Figure 31: Global: Halal Food Market Forecast: Sales through Other Distribution Channels (in Billion US$), 2019-2024
Figure 32: Asia Pacific: Halal Food Market: Sales Value (in Billion US$), 2011 & 2018
Figure 33: Asia Pacific: Halal Food Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 34: Middle East & Africa: Halal Food Market: Sales Value (in Billion US$), 2011 & 2018
Figure 35: Middle East & Africa: Halal Food Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 36: Europe: Halal Food Market: Sales Value (in Billion US$), 2011 & 2018
Figure 37: Europe: Halal Food Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 38: North America: Halal Food Market: Sales Value (in Billion US$), 2011 & 2018
Figure 39: North America: Halal Food Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 40: Latin America: Halal Food Market: Sales Value (in Billion US$), 2011 & 2018
Figure 41: Latin America: Halal Food Market Forecast: Sales Value (in Billion US$), 2019-2024
List of Tables
Table 1: Global: Halal Food Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Halal Food Market Forecast: Breakup by Product (in Billion US$), 2019-2024
Table 3: Global: Halal Food Market Forecast: Breakup by Distribution Channel (in Billion US$), 2019-2024
Table 4: Global: Halal Food Market Forecast: Breakup by Region (in Billion US$), 2019-2024
Table 5: Global: Halal Food Market: Competitive Structure
Table 6: Global: Halal Food Market: Key Players