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International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all regions and industry verticals to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

Global Halal Food Market Outlook 2023-2028

According to the latest report by IMARC Group, titled "Halal Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global halal food market size reached US$ 2,221.3 Billion in 2022. Halal food includes food items that are permissible as per Islamic terms and is considered suitable for Muslims to consume. This means it fulfills the practices prescribed under a specific Islamic law.

According to the Islamic principle, halal foods should not contain any antibiotics, preservatives and hormones, must be prepared with clean equipment and the non-vegetarian food should be slaughtered as per the Islamic guidelines. All foods and beverages are considered halal except alcohol. There has been a considerable rise in the popularity of halal food among the masses as it is beneficial for human health and aid in improved immune and metabolism systems.

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Global Halal Food Market Trends:

The global market is primarily driven by the increasing Muslim population. Coupled with the growing concern regarding food safety, reliability and hygiene among individuals, this is driving the sales of halal foods. This has encouraged numerous leading manufacturers to heavily invest to diversify their product portfolio and introduce value-added food items, which, in turn, is creating a positive market outlook. In addition to this, several initiatives have been undertaken by the governing authorities to mandate the adoption of halal certification and labeling rules is providing a boost to the market.

Along with this, the proliferation of halal-based quick service restaurants (QSRs) and food joints is significantly supporting the demand on the global level. Apart from this, numerous leading players are spending in the development of aggressive marketing strategies, celebrity endorsements and promotional campaigns to attract potential customers. Other factors, including easy product availability via online and offline organized distribution channels and the escalating popularity of halal food among the non-Muslim population, are also positively influencing the market. On account of the aforementioned factors, the market size is anticipated to reach a value of US$ 4,177.3 Billion by 2028, exhibiting a CAGR of 10.8% during 2023-2028.

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