Halal Food Market By Product Type, Distribution Channel, Demand By Region and Top Key Players 2024

Global Halal Food Market Research Report and Forecast

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Global Halal Food Market Overview: According to the latest report by IMARC Group, titles “Halal Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024�, the global halal food market reached a value of US$ 1.6 Trillion in 2018. Halal Food refers to food products that have been certified by the Islamic dietary law to be permissible for consumption by the Muslims. These food products must not comprise prohibited ingredients such pork, blood, alcohol and other intoxicants, and the meat of carnivorous animals. According to the law, halal food must be prepared and stored in utensils that have been cleansed according to the Islamic dietary guidelines. For instance, lamb and chicken are considered halal provided they are slaughtered by a Muslim slaughterer while reciting a dedication, known as the shahada.

Halal Cosmetics Market Trends The meaning of Halal food has undergone a transformation over time. It earlier referred to slaughtered animal meat that is free from alcohol or any kind of intoxication. However, it has now acquired the meaning of toxin-free, clean, fresh and healthier food option, which has significantly increased its popularity across the globe, especially among the health-conscious consumers.

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157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Million US$

in Million US$

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180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

Additionally, rising disposable income has increased the expenditure capacity, which ahs led to people spending more on meat and related products. Other factors such as promotional activities by manufactures also positively contribute to the market growth. On account of the aforementioned factors, the global halal food market size is anticipated to reach a value of US$ 2.9 Trillion by 2024, expanding at a CAGR of nearly 11% during 2019-2024.

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Furthermore, a rapidly growing Muslim population is one of the key factors influencing the sales of halal food.

Key Market Segmentation: Market Segmentation by Product • • • • • • •

Meat, poultry & Seafood Fruits & Vegetables Dairy Products Cereals & Grains Oil, Facts & Waxes Confectionery Others

On the basics of the product, the market has been divided into fruits and vegetables; meat, poultry and seafoods; oil, fact and waxes; dairy products, cereals and grains; and confectionery. Currently, the meat, poultry and seafood segment accounts for the majority of the market share.

Market Segmentation by Distribution Channel

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Report Description • • • •

Traditional Retailers Supermarkets & Hypermarkets Online Others

Based on the distribution channel, the market has been classified into traditional retailers, supermarkets and hypermarkets, and online. Among these, supermarkets and hypermarkets are the most popular channel of distribution.

Market Segmentation by Region • • • • •

North America Europe Asia Pacific Latin America Middle East and Africa

On the geographical front, Asia pacific holds the leading position in the market. Other major regions include Europe, North America, Middle East and Africa, and Latin America.

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Report Description Competitive Landscape:

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

• • • • • • • • • • • •

Al Islamic Foods QL Foods Saffron Road Food Dagang Halal Janan Meat Kawan Foods Cargill Prima Agri-Products Nestle BRF Al-Falah Halal Foods Tahira Food

For more information, click here: https://www.imarcgroup.com/halal-food-market

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