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Global Halal Food Market: By Product: Meat, Poultry, and Seafood, Fruits and Vegetables, Dairy Products, Cereals and Grains, Oil, Fats, and Waxes, Confectionery; By Distribution Channel; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Halal Food Market Outlook
The global halal food market size reached a value of about USD 1.2 trillion in 2020. The global halal food market is further expected to rise at a CAGR of nearly 17% in the forecast period of 2023-2028 to reach a value of about USD 3 trillion by 2026.
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Rising Demand from the Asia Pacific Region to Aid the Halal Food Market Growth
Due to the growing Muslim population as well as the significantly rising food demand and expenses, the global halal food market is expected to expand considerably over the forecast period. The Asia Pacific was the leading market for halal food in 2020, and during the forecast period, the region is expected to provide market sellers several opportunities for growth. The market growth in the Asia Pacific can be attributed to the large religious and cultural population of the region that demand halal food.
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Halal Food: Market Segmentation
Halal food, which is explicitly specified under Islamic dietary laws, are the permitted food products that can be consumed by a practicing Muslim. Processed items such as halal foie gras, spring rolls, lasagne, pizza, and nuggets are also often certified as halal food.
Based on the product, the halal food market can be divided into:
- Meat, Poultry, and Seafood
- Fruits and Vegetables
- Dairy Products
- Cereals and Grains
- Oil, Fats, and Waxes
- Confectionery
- Others
The major distribution channels in the industry can be segmented as follows:
- Traditional Retailers
- Supermarkets and Hypermarkets
- Online
- Others
Halal food finds wide end-uses in household and food service segments.
The regional markets for halal food can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Demand for Halal Goods to Propel the Halal Food Market Forward
The rising demand for halal goods across the globe is aiding the growth of the market. Increased customer awareness regarding the product is also supporting the market growth. The growth in online shopping is expected to catalyse the market growth further. The rising purchasing power of the consumers is also projected to boost the demand for halal food in the coming years.
Key Industry Players in the Global Halal Food Market
The report gives a detailed analysis of the following key players in the global halal food market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Al Islami Foods
- QL Foods Sdn Bhd
- Nestlé S.A
- DagangHalal Sdn. Bhd.
- Cargill Inc.
- Tahira Foods Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Distribution Channel, End Use, Region |
| Breakup by Product | Meat, Poultry, and Seafood, Fruits and Vegetables, Dairy Products, Cereals and Grains, Oil, Fats, and Waxes, Confectionery, Others |
| Breakup by Distribution Channel | Traditional Retailers, Supermarkets and Hypermarkets, Online, Others |
| Breakup by End Use | Household, Food Service |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Al Islami Foods, QL Foods Sdn Bhd, Nestlé S.A, DagangHalal Sdn. Bhd., Cargill Inc., Tahira Foods Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Halal Food Market Analysis
8.1 Key Industry Highlights
8.2 Global Halal Food Historical Market (2018-2022)
8.3 Global Halal Food Market Forecast (2023-2028)
8.4 Global Halal Food Market by Product
8.4.1 Meat, Poultry, and Seafood
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Fruits and Vegetables
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Dairy Products
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Cereals and Grains
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Oil, Fats, and Waxes
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Confectionery
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2018-2022)
8.4.6.3 Forecast Trend (2023-2028)
8.4.7 Others
8.5 Global Halal Food Market by Distribution Channel
8.5.1 Traditional Retailers
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Supermarkets and Hypermarkets
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Online
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Others
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.6 Global Halal Food Market by End Use
8.6.1 Household
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Food Service
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Halal Food Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players
12.3 Company Profiles
12.3.1 Al Islami Foods
12.3.1.1 Company Overview
12.3.1.2 Product Portfolio
12.3.1.3 Demographic Reach and Achievements
12.3.1.4 Certifications
12.3.2 QL Foods Sdn Bhd
12.3.2.1 Company Overview
12.3.2.2 Product Portfolio
12.3.2.3 Demographic Reach and Achievements
12.3.2.4 Certifications
12.3.3 Nestlé S.A
12.3.3.1 Company Overview
12.3.3.2 Product Portfolio
12.3.3.3 Demographic Reach and Achievements
12.3.3.4 Certifications
12.3.4 DagangHalal Sdn. Bhd.
12.3.4.1 Company Overview
12.3.4.2 Product Portfolio
12.3.4.3 Demographic Reach and Achievements
12.3.4.4 Certifications
12.3.5 Cargill Inc.
12.3.5.1 Company Overview
12.3.5.2 Product Portfolio
12.3.5.3 Demographic Reach and Achievements
12.3.5.4 Certifications
12.3.6 Tahira Foods Ltd.
12.3.6.1 Company Overview
12.3.6.2 Product Portfolio
12.3.6.3 Demographic Reach and Achievements
12.3.6.4 Certifications
12.3.7 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Halal Food Market: Key Industry Highlights, 2018 and 2028
2. Global Halal Food Historical Market: Breakup by Product (USD Trillion), 2018-2022
3. Global Halal Food Market Forecast: Breakup by Product (USD Trillion), 2023-2028
4. Global Halal Food Historical Market: Breakup by Distribution Channel (USD Trillion), 2018-2022
5. Global Halal Food Market Forecast: Breakup by Distribution Channel (USD Trillion), 2023-2028
6. Global Halal Food Historical Market: Breakup by End Use (USD Trillion), 2018-2022
7. Global Halal Food Market Forecast: Breakup by End Use (USD Trillion), 2023-2028
8. Global Halal Food Historical Market: Breakup by Region (USD Trillion), 2018-2022
9. Global Halal Food Market Forecast: Breakup by Region (USD Trillion), 2023-2028
10. North America Halal Food Historical Market: Breakup by Country (USD Trillion), 2018-2022
11. North America Halal Food Market Forecast: Breakup by Country (USD Trillion), 2023-2028
12. Europe Halal Food Historical Market: Breakup by Country (USD Trillion), 2018-2022
13. Europe Halal Food Market Forecast: Breakup by Country (USD Trillion), 2023-2028
14. Asia Pacific Halal Food Historical Market: Breakup by Country (USD Trillion), 2018-2022
15. Asia Pacific Halal Food Market Forecast: Breakup by Country (USD Trillion), 2023-2028
16. Latin America Halal Food Historical Market: Breakup by Country (USD Trillion), 2018-2022
17. Latin America Halal Food Market Forecast: Breakup by Country (USD Trillion), 2023-2028
18. Middle East and Africa Halal Food Historical Market: Breakup by Country (USD Trillion), 2018-2022
19. Middle East and Africa Halal Food Market Forecast: Breakup by Country (USD Trillion), 2023-2028
20. Global Halal Food Market Structure
Key Questions Answered in the Report
The global halal food market reached a value of USD 1.2 trillion in 2020.
The market is projected to grow at a CAGR of nearly 17% in the forecast period of 2023-2028.
The global halal food market is estimated to reach a value of about USD 3 trillion by 2026.
The major drivers of the industry include rising disposable incomes, growing Muslim population, and the rising demand for halal goods.
The rising consumer awareness regarding halal food products, along with major players investing in expanding their halal-certified food portfolio, is expected to be a key trend guiding the growth of the industry.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with the Asia Pacific accounting for the largest market share.
The leading products available in the industry are meat, poultry and seafood, fruits and vegetables, dairy products, cereals and grains, oil, fats, and waxes, and confectionery, among others.
The major distribution channels in the market are traditional retailers, supermarkets and hypermarkets, and online, among others.
Halal food finds its significant end-uses in the household and food service sectors.
The leading players in the market are Al Islami Foods, QL Foods Sdn Bhd, Nestlé S.A, DagangHalal Sdn. Bhd., Cargill Inc., and Tahira Foods Ltd., among others.
Analyst Review
The global halal food market attained a value of USD 1.2 trillion in 2020, driven by the growth in the demand for halal goods. Aided by the rising Muslim population and their substantially rising expenditure on food products, the industry is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 17%. The industry is projected to reach USD 3 trillion by 2026.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on products, the global halal food market can be segmented into meat, poultry and seafood, fruits and vegetables, dairy products, cereals and grains, oil, fats, and waxes, and confectionery, among others. By distribution channel, the industry can be divided into traditional retailers, supermarkets and hypermarkets, and online, among others. On the basis of end uses, the industry can be segmented into household and food service. The major regional markets for halal food are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above industry include Al Islami Foods, QL Foods Sdn Bhd, Nestlé S.A, DagangHalal Sdn. Bhd., Cargill Inc., and Tahira Foods Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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