The global halal food market reached a value of US$ 1.9 Trillion in 2020. Halal food refers to food items and beverages that are strictly prepared according to the rules underlined by the Islamic dietary law. According to this law, alcohol, blood, pork, by-products of pork and blood, animals that are dead before slaughtering, and those not killed in the name of Allah are considered ‘haram’ or impermissible for consumption. Moreover, halal food products are packaged and stored in utensils, which have been cleaned as per the prescribed guidelines.
Over the past few years, halal food items have become popular amongst both Muslim and non-Muslim consumers as they have evolved from being an identification mark of religious observation to assurance of food safety, hygiene and reliability. For example, slaughtered halal animals undergo two health checks, as compared to the single inspection performed on other conventional animals. Besides this, several Islamic and non-Islamic countries are implementing stringent regulatory frameworks, which consist of globally accepted standards, to attract novel entrants in the market. Recently, in October 2019, the Government of Indonesia introduced mandatory halal labeling and certification rules, owing to which consumers nowadays prefer halal food. With an increase in the demand, manufactures have widened their product portfolio by introducing several value-added food items, including hot dogs, soups, candies, burgers, sandwiches, cookies, creams and pizzas. Moreover, the flourishing e-commerce industry has facilitated consumers with easy accessibility of halal-certified food products. Looking forward, IMARC Group expects the global halal food market to exhibit strong growth during the next five years.
Breakup by Product:
Currently, meat, poultry and seafood are the most preferred food products in the market.
Breakup by Distribution Channel:
At present, supermarkets and hypermarkets represents the largest segment, dominating the market.
On the geographical front, Asia Pacific is the leading market for halal food, accounting for the majority of the total market share. This growth can be attributed to the presence of several regulatory bodies and a combination of the religious and cultural populations in the region.
The competitive landscape of the market has also been examined with some of the key players being 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., Tahira Foods Ltd., and Al-Falah Halal Foods Ltd.
Key Questions Answered in This Report:
The global halal food market size was valued at US$ 1.9 trillion in 2020.
According to the estimates by IMARC Group, the global halal food market is expected to witness strong growth during 2021-2026.
Halal food items have become popular amongst both Muslim and non-Muslim consumers as they assure food safety, hygiene and reliability which represents one of the key drivers for the global halal food market.
Manufactures have widened their product portfolio by introducing several value-added food items, including halal hot dogs, soups, candies, burgers, sandwiches, cookies, creams, pizzas, etc., thereby representing one of the key trends in the global halal food market.
Sudden outbreak of the COVID-19 pandemic has led to a shift in sales of halal-certified food products from brick-and-mortar distribution channels towards online platforms.
On the basis of the product, the market has been bifurcated into meat, poultry & seafood, fruits & vegetables, dairy products, cereals & grains, oil, fats & waxes, confectionery, and others. Currently, meat, poultry & seafood account for the majority of the market share.
On the basis of the distribution channel, the market has been divided into traditional retailers, supermarkets & hypermarkets, online, and others. Among these, supermarkets & hypermarkets represent the largest segment.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.
The key companies in the global halal food market are 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., Tahira Foods Ltd., and Al-Falah Halal Foods Ltd.
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