Halal Food Market: Global Share, Size, Trends, Growth, Region By Demand and Forecast

Halal Food Market Report | Industry Trends and Forecast by 2023

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Report Description and Highlights

Report Description

Halal Food Market Report By Product (Meat, Poultry & Seafood, Fruits & Vegetables, ODairy Products, Cereals & Grains, Oil, Fats & Waxes, Confectionery and Others), Distribution Channel (Traditional Retailers, Supermarkets & Hypermarkets, Online and Others), Region The global halal food market has witnessed a substantial growth over the past several years on account of the favorable initiatives undertaken by various governments along with the introduction of diverse range of halal certified food products.

Market Overview: The latest report published by IMARC Group, titled " Halal Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023 ”, finds that the global halal food market reached a value of US$ 1.4 Trillion in 2017. Halal foods refer to food products which meet the dietary guidelines provided by the Sharia law. They are free from prohibited ingredients such as alcohol, pork and its by-products, etc. and are made and stored in utensils which have been cleansed according to the prescribed guidelines. Although the concept of halal has been underlined particularly for the Muslim community, with rising concerns regarding the cleanliness, hygiene, and quality of the food consumed, halal food is becoming popular with the nonMuslim consumers as well. In particular, the demand for halal certified food products has gained momentum amongst the health-conscious consumers owing to the numerous health benefits associated with them.

Report Description and Highlights

Report Description Global Halal Food Market Trends:

On account of the growing demand for halal food, manufactures have widened their product portfolio by introducing several value-added food items, such as canned and frozen foods, organic foods, confectionary, dairy produce, beverages, and bakery and herbal products. Moreover, initiatives taken by the governments of various Islamic and non-Islamic nations for marketing and educating the consumers about the advantages of consuming halal certified food products is stimulating the growth of the market across the globe. For instance, the creation of Organization of Islamic Cooperation (OIC) has been greatly successful in building trust and creating awareness among the consumers as well as in setting an international standard for halal food products. On account of these factors, the market is projected to reach a value of US$ 2.6 Trillion by 2023, expanding at a CAGR of more than 11% during 2018-2023.

Halal Food Market Segmentation: Market Segmentation by Product o Meat, Poultry & Seafood o Fruits & Vegetables For more information, click here: https://www.imarcgroup.com/halal-food-market

Market Forecast

Sample Figure: Global: Halal Food Market Forecast: Sales Value (in Billion US$), 2018-2023

184.3

191.7

199.3

207.3

2018

2019

2020

2021

215.6

224.2

2022

2023

Market Segmentation

Report Description o o o o o

Dairy Products Cereals & Grains Oil, Fats & Waxes Confectionery Others

Based on product, the market has been segmented into meat, poultry and seafood; fruits and vegetables; dairy products, cereals and grains; oil, fats and waxes; and confectionery. Currently, meat, poultry and seafood represent the most popular halal food products consumed across the globe.

Market Segmentation by Region • • • • •

North America Europe Asia Pacific Latin America Middle East and Africa

Region-wise, Asia-Pacific enjoys the leading position in the global halal food market, accounting for the majority of the total market share. Asia Pacific is followed by the Middle East and Africa, Europe, North America and Latin America.

Regional Segmentation

North America

Europ e

Asia- Pacific

Latin America

Middle East and Africa

Market Segmentation

Report Description

Market Segmentation by Distribution Channel • • • •

Traditional Retailers Supermarkets & Hypermarkets Online Others

On the basis of distribution channel, traditional retailers dominate the market, holding the largest share.

Other major distribution channels include supermarkets and hypermarkets, and online.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • • •

Al Islami Foods QL Foods Saffron Road Food Dagang Halal

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Market Segmentation

Report Description • • • • • • • •

Janan Meat Kawan Foods Cargill Prima Agri-Products Nestle BRF Al-Falah Halal Foods Tahira Food

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institutions

Report Description and Highlights

Report Description

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