Expert Market Research Explores the Leading Companies in the Global Halal Food Market

Al Islami Foods, QL Foods Sdn Bhd, Nestlé S.A, DagangHalal Sdn. Bhd., Cargill Inc., and Tahira Foods Ltd. among others are the major players in the global halal food market.

The global halal food market size reached a value of about USD 1.91 trillion in 2023. The market is further expected to rise at a CAGR of nearly 16.5% in the forecast period of 2024-2032 to reach a value of about USD 7.54 trillion by 2032. As per the analysis by Expert Market Research, the rising awareness and demand for halal-certified foods among practitioners of Islam, particularly in the Middle East and Southeast Asian regions.

The market is primarily driven by the growing number of Muslims, increased public awareness, growing multiculturalism, strict standards, e-commerce and digital marketing proliferation, and growing health and safety concerns. Rapid urbanisation is a major driver of the global halal food market growth, owing to changing lifestyles which has caused a paradigm shift in dietary habits including rising preferences for convenience foods and consuming halal-certified products.

The growing health consciousness of the general public fuels the need for healthy, sustainably produced, and ethically sourced food products. In order to meet this criterion, halal food is manufactured through stringent quality control and hygiene protocols. This development is also leading to the utilisation of halal food by non-Muslims seeking hygienic and nourishing food alternatives, thus aiding the halal food market development.

In February 2024, Thailand announced that it aimed to make halal versions of famous dishes and foods to attract more individuals from the Islamic faith. Ever since the country established diplomatic ties with Saudi Arabia in 2022, the government has been taking measures through halal certifications which are offered by the official body of the Halal Science Center at Chulalongkorn University in Bangkok. As of yet more than 7,000 restaurants and 770 food factories in the country use the Halal Assurance, Liability-Quality System standardised by the centre at Chulalongkorn University.

In December 2023, Brazilian President Lula Da Silva announced investment plans in capacity expansion to deliver high-quality halal foods. Brazil is a leading supplier of animal protein to 57 Muslim-majority countries. The increasing sales of Brazilian beef and poultry to the Middle East in 2022 was worth USD 5.3 billion.

Top 6 Halal Food Companies in the World:

Al Islami Foods

The company has a rich legacy of supplying individuals with halal meat of superior quality and premium frozen foods to families across the United Arab Emirates. Al Islami Foods claims to provide 100% halal products along with special attention to using natural ingredients and avoiding non-permissible ingredients in production. The company has a comprehensive portfolio of products including beef & vegetable burgers, plant-based burgers, chicken burgers, boneless and bone-in chicken parts, minced items, vegetables & fruits, snacks, international flavours, and various kinds of seafood among others.

QL Foods Sdn Bhd

QL Foods Sdn Bhd holds many certifications along with halal such as GMP, HACCP and the local Makanan Selamat Tanggungjawab Industri (MeSTI) which is awarded by the Malaysian Ministry of Health and requires strict safety standards in food processing. The company enforces strict European Union standards along with halal certifications from the Department of Islamic Development of Malaysia. Among the many products in its expansive portfolio are mushrooms and various kinds of packaged frozen foods and snacks including frozen seafood.

Nestlé S.A

Nestle is one of the world's largest food and beverage companies and aims to enhance the quality of life for individuals across the world through the power of food. The company reported a revenue of CHF 93.0 billion in 2022 with close to 2,70,000 individuals employed worldwide. The company has a very comprehensive portfolio of products covering a wide range of categories including baby food, cereal, chocolate & confectionery, coffee, culinary, chilled & frozen food, food service, drinks, dairy, healthcare nutrition and ice cream. The company also boasts products that are halal-certified across the board including flagship brands such as MAGGI.

DagangHalal Sdn. Bhd.

The company is a leading business-to-business e-marketplace in the authenticated halal products and services domain. As an e-marketplace, DagangHalal Sdn. Bhd. comprises an expansive portfolio of products ranging from electronic accessories and devices to halal body and skincare, halal snacks, halal beauty and personal care and halal bakery and pastry. Among the categories of food products, the company specialises in are foods & food ingredients, livestock, beverages, frozen food, dairy, confectionary and baby foods and supplements.

Cargill Inc.

Cargill Inc. is committed to nourishing the world through agricultural solutions and production in a way that is safe, sustainable, and responsible. The company has a wide global supply chain network that partners consumers with producers helping individuals source and deliver products on both ends. It has a presence in more than 125 markets with more than 1,60,000 employees working across 70 countries. It boasts an impressive portfolio of services and products including grain & oilseeds, oils, fats & foods and animal and shrimp feed. The company claims that each of the ingredients in its products are halal-certified including sanitation chemicals and packaging materials.

Tahira Foods Ltd.

Tahira Foods Ltd. has a prominent presence throughout the complex distribution infrastructure of Europe in depots and cold stores in countries like France, Germany, the United Kingdom, Sweden and Holland. It is a trusted brand in processed and natural halal foods, appealing to practitioners of Islam through its convenient and affordable foods. The company aims to become a reference point and a pioneer in the halal foods domain in the European Union through authenticity and halal integrity. The company offers an assorted range of products such as chilled and frozen meats which includes chicken sausages, salami and ready-to-eat meals along with products like cupboard food and seafood.