According to the latest report by IMARC Group, titled “GCC Halal Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the GCC halal food market reached a value of US$ 58.2 Billion in 2021. Halal food refers to food and beverage products that are produced, manufactured, and composed in adherence to Islamic standards. It forbids the use of human- or animal-derived ingredients and genetically modified organisms (GMOs), including fluids discharged from bodies, pigs and their derivates, ham, and blood and carrion. They are also free from other ingredients, such as alcohol, silicone-based polymer, L-cysteine, lipase, mercury, dimethicone, and rennet, that are considered harmful for human consumption. Halal food products are cleaned, stored, and packaged using halal-certified packaging materials and equipment. Apart from this, they are defined as lawful, permissible, and clean products that are safer to eat, hygienic, and enhance metabolism and immunity.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
GCC Halal Food Market Trends:
The increasing consumption of halal food can be attributed to the substantial Muslim population in the region who abide by the Islamic shariah norms as part of their religious belief. Furthermore, the rising awareness among non-Muslim communities regarding several benefits offered by halal food products, such as safety, hygiene, better taste, high nutrition, and tender and stress hormone-free meat, is providing a considerable boost to the market growth. Additionally, the integration of the Internet of things (IoT) in the halal food supply chain to address the consumer’s concern regarding the integrity of food products by offering traceability, improved supply chain efficiency, livestock management, and authentication and monitoring of halal status is providing an impetus to the market growth. In line with this, the introduction of several value-added food items, including sandwiches, soups, pizzas, candies, burgers, and hot dogs prepared as per the Islamic dietary law, is acting as another growth-inducing factor. Moreover, increasing investments by several regional governments to introduce mandatory halal labeling and certification rules is positively influencing the market growth. Other factors, including rising expenditure capacities of consumers and easy product availability across e-commerce platforms are anticipated to drive the market toward growth. On account of the aforementioned factors, the market value is expected to reach US$ 73.7 Billion by 2027, exhibiting a CAGR of 4.1% during 2022-2027.
- On the basis of the product type, the market has been divided into meat, poultry and seafood, fruits and vegetables, dairy products, cereals and grains, oil, fats and waxes, confectionery, and others.
- Based on the distribution channel, the market has been categorized into traditional retailers, supermarkets and hypermarkets, online, and others.
- On the basis of country, the market has been classified into Saudi Arabia, the UAE, Oman, Kuwait, Qatar, and Bahrain.
- The competitive landscape of the industry has also been examined, with some of the key players being Al Islami Foods, Al Kabeer Group ME, Al Rawdah Foods, Al-Falah Supermarket, BRF Global (Sadia Halal), Nestle S.A., Podravka Gulf FZE, JM Foods LLC, American Halal Company Inc. (Saffron Road) and Seara Foods Middle East.
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