Halal Foods & Beverages Market Research Report - Global Forecast till 2030

Halal Foods & Beverages Market Research Report By Type (Meat, Poultry & Seafood, Sweet & Savoury Snacks, RTE & RTD Meals, Soups, Sauces, & Dressings, and Others), Distribution Channel (Store-Based [Supermarkets & Hypermarkets, Convenience Stores, and Others] and Non-Store-Based), and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2030

ID: MRFR/F-B & N/3904-HCR | 110 Pages | Author: Snehal Singh | March 2024         

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Global Halal Foods & Beverages Market Overview 


Halal Foods & Beverages Market Size is anticipated to reach at USD 3.27 Trillion in witness a compound annual growth rate (CAGR) of 8.9% from 2022 to 2030.


Halal foods & beverages refer to the products that comply with Islamic Sharia Law. Halal certifies that the animals were slaughtered in a single cut and thoroughly bled, and their meat has not been in contact with animals slaughtered otherwise and, especially, with pork. The global halal foods & beverages market is projected to grow at a CAGR of 8.9% during the forecast period of 2022–2030. Halal food & beverages are gaining popularity globally owing to increasing awareness among consumers about the halal-certified food. This growth in market size will be attributed to the increasing consumer expenditure on halal food and the expansion of halal food production facilities. The growth of the global halal food & beverages market is primarily driven by health benefits offered by halal food items which are continuously influencing the eating patterns of people. Halal meat is considered to be healthier than non-halal meat, also its more tender and tastier. This is due to absence of blood in halal meat, which, in turn makes it resistant to bacteria. This has resulted in an increase in the consumption and acceptance of halal food among Islamic as well as non-Islamic communities. Moreover, food producers have been offering a wide variety of halal food to consumers, which have positively stimulated the growth of the market.


Segmentation


The global halal foods & beverages market has been segmented based on type, distribution channel, and region. By type, the global halal foods & beverages market has been classified as meat, poultry & seafood, sweet & savory snacks, RTE & RTD meals, soups, sauces, & dressings, and others. Meat, poultry & seafood segment holds the major market share in global halal foods & beverages market, and the same segment is expected to be the fastest growing segment. The global halal foods & beverages market has been categorized, on the basis of the distribution channel, as store-based and non-store-based. The store-based segment has further been divided into supermarkets and hypermarkets, convenience stores, and others. The store-based segment is expected to account for the larger revenue share of the market.


However, the non-store-based segment is expected to exhibit a higher growth rate during the forecast period of 2022 to 2030. The global halal foods & beverages market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.   The North American halal foods & beverages market has further been segmented into the US, Canada, and Mexico. The European halal foods & beverages market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The halal foods & beverages market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The halal foods & beverages market in the rest of the world has been segmented into South America, the Middle East, and Africa.


Key Players


American Halal Company Inc. (US), Cleone Foods Ltd. (UK), Nestle S.A. (Switzerland), Al Islami Foods (The UAE), BRF S.A. (Brazil), QL Foods Sdn. Bhd. (Malaysia), Nema Food Company (US), Beijing Shunxin Agriculture Co., Ltd. (China), Namet Gıda San. Ve Tic. Inc. (Turkey), Midamar Corporation (US), Tahira Foods Ltd (UK), are some of the key players in the global halal foods & beverages market.


Regional Market Summary Global Halal Foods & Beverages Market Share (%), by Region, 2018


Source: Secondary Sources and MRFR Analysis Asia-Pacific is expected to be the fastest growing region during the period of 2019–2024. The region’s growth can be attributed to the increasing awareness among consumers about halal-certified food. China and Pakistan are the major consumers of halal food & beverages, which in turn, is expected to boost the market growth during the review period. Whereas, the market in the rest of the world maintains its dominance in the global halal food & beverages market, owing to the highest Islamic population in the regions including the Middle East & Africa.  


Global Halal Foods & Beverages Market, by Type



  • Meat, Poultry & Seafood

  • Sweet & Savoury Snacks

  • RTE & RTD Meals

  • Soups, Sauces, & Dressings

  • Others


Global Halal Foods & Beverages Market, by Distribution Channel



  • Store-Based


    • Supermarkets & Hypermarkets

    • Convenience Stores

    • Others




  • Non-Store-Based


Global Halal Foods & Beverages Market, by Region



  • North America


    • US

    • Canada

    • Mexico




  • Europe


    • Germany

    • France

    • Italy

    • Spain

    • UK

    • Rest of Europe




  • Asia-Pacific


    • Japan

    • China

    • India

    • Australia and New Zealand

    • Rest of Asia-Pacific




  • Rest of the World (RoW)


    • South America

    • Middle East

    • Africa 



Intended Audience



  • Foods & beverages industry

  • Meat processing industry

  • Livestock industry

  • Raw material suppliers

  • Retailers and wholesaler

  • Traders, importers, and exporters

Report Scope:

Report Attribute/Metric Details
  Market Size    USD 3.27 Trillion
  CAGR   8.9% (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units    Value (USD Trillion)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, By Distribution Channel, and By Region
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   American Halal Company Inc. (US), Cleone Foods Ltd. (UK), Nestle S.A. (Switzerland), Al Islami Foods (The UAE), BRF S.A. (Brazil), QL Foods Sdn. Bhd. (Malaysia), Nema Food Company (US), Beijing Shunxin Agriculture Co. Ltd. (China), Namet Gıda San. Ve Tic. Inc. (Turkey), Midamar Corporation (US)
  Key Market Opportunities   Food producers have been offering a wide variety of halal food to consumers
  Key Market Drivers   Increasing awareness about health benefits offered by halal food items




Frequently Asked Questions (FAQ) :

Halal food & beverage market CAGR would be 8.9% during the forecast period.

The players included in the halal food & beverage market report are Cleone Foods Ltd. (UK), Nestle S.A. (Switzerland), American Halal Company, Inc. (US), BRF S.A. (Brazil), QL Foods Sdn. Bhd. (Malaysia), Al Islami Foods (The UAE), Beijing Shunxin Agriculture Co., Ltd. (China), Namet Gıda San. Ve Tic. Inc. (Turkey), Nema Food Company (US), Tahira Foods Ltd (UK), Midamar Corporation (US), and others.

The store-based segment would lead the halal food & beverage market.

The meat, poultry, and seafood segment would lead the halal food & beverage market.

The Asia Pacific would be the fastest-growing halal food & beverage market.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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