Global Halal
Market Report
2024
Halal market will be USD 2151.5 Million in 2024 and expand at a compound annual growth rate (CAGR) of 5.8% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Halal market will be USD 2151.5 million in 2024 and expand at a compound annual growth rate (CAGR) of 5.8% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Halal Market Sales Revenue 2024 | $ 2151.5 Million |
Global Halal Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.8% |
North America Halal Market Sales Revenue 2024 | $ 860.6 Million |
North America Halal Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4% |
Europe Halal Market Sales Revenue 2024 | $ 645.45 Million |
Europe Halal Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.3% |
Asia Pacific Halal Market Sales Revenue 2024 | $ 494.85 Million |
Asia Pacific Halal Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.8% |
South America Halal Market Sales Revenue 2024 | $ 107.58 Million |
South America Halal Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.2% |
Middle East and Africa Halal Market Sales Revenue 2024 | $ 43.03 Million |
Middle East and Africa Halal Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.5% |
Market Split by Product Type |
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Market Split by Application |
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Market Split by Nature |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Halal industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Halal Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Foods and drinks prepared by the strict standards of Islamic dietary law are referred to as halal. This commandment states that haram, or unfit for sustenance, includes alcohol, blood, pork, pig byproducts, animals that are dead before slaughter, and animals that are not killed in Allah's name. In addition, halal food is packaged and kept in utensils that regulations have thoroughly cleaned.
Growing disposable income due to the economic growth of major Islamic countries like Nigeria, Pakistan, India, Indonesia, Malaysia, and Iran is expected to propel the global market for halal products in the coming years. In recent times, halal food products have gained popularity among Muslim and non-Muslim customers since they have progressed from being a symbol of religious observance to guaranteeing food safety, hygienic practices, and dependability. The global halal business is anticipated to become more concentrated due to investments and technological advancements. New halal food testing technologies (pork test) developed in France and a nanosensor technology kit for halal detection have upheld Malaysian halal standards and quality. Producers in this sector are growing their businesses in developing nations to exploit the unexplored market.
For instance, the World Health Organisation (WHO) projects that by 2030, the number of Muslims worldwide will have increased by twice as much as that of non-Muslims. Throughout the forecasted timeframe, the general population's growing inclination towards halal goods is anticipated to propel the expansion of the worldwide halal food market.
(Source:https://www.pewresearch.org/religion/2011/01/27/the-future-of-the-global-muslim-population/)
One major factor propelling the halal food business is the exponential rise in the Muslim population worldwide. The need for halal-certified goods is growing along with the Muslim population. It is anticipated that the number of Muslims worldwide will increase by about 50% by 2050 to 2.76 billion people. This change in the population closely correlates with an increase in the demand for halal cuisine in several different geographical areas, including both Muslim-majority nations and those with sizeable Muslim minorities. The global Muslim population is growing, which is driving market development. The market is expected to grow due to Muslims' desire for halal-certified food due to initiatives promoting food safety and cleanliness.
Even among non-Muslim communities, consumer knowledge of halal dietary needs has increased. People are increasingly pickier about what they eat, expecting high-quality, ethically sourced goods and demanding openness in food production. Due to their association with high ethical and quality standards, halal-certified food items are becoming increasingly preferred due to this awareness. Demand for halal products in non-Muslim nations is rising as a result of non-Muslim customers' growing interest in halal cuisine due to its perceived health and safety benefits. The governments of several nations, with a majority of Muslims, are moving to encourage the expansion of the halal food sector. To become a worldwide leader in the halal industry, the Malaysian government, for example, established the Halal Industry Master Plan 2030.
Insufficient Standardisation to Limit the Sales
A significant obstacle confronting the worldwide halal food industry is the need for uniformity in the certification procedure. Different nations' various halal certification processes can be confusing and hinder firms' efforts to enter new markets. Specific slaughter techniques may be mandated by certain nations, while handling and processing of halal goods may be subject to extra regulations in others. Furthermore, there needs to be more clarity on the ingredients that make up halal food, further impedes market expansion. For example, it sometimes needs to be clarified which ingredients are halal and which aren't. This and the usage of non-halal components in halal cuisine may need to be clarified for customers and producers.
The interruption of the food supply chain brought on by the spread of COVID-19 has a detrimental effect on the global halal food business. Leading producers experienced workforce shortages and interruptions in the halal food import and export market, substantially impacting the food's suitability for consumption and sales. Concerns about safety and cleanliness during the epidemic also contributed to a decline in the market's demand for beef products. Moreover, COVID-19 has also influenced restaurant and food outlet closures. For example, the pandemic caused eateries and food outlets to close, significantly reducing the demand for halal food items in the food service industry. Nonetheless, the growing retail industry needs halal food.
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Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Market players are also undertaking organic or inorganic strategic approaches to strengthen and expand their worldwide footprint, with significant market developments including new material portfolios, mergers and acquisitions deals, capex, investments, and strategic partnerships with other companies. Corporations are also coming up with marketing ideas such as digital acquisitions, social media influencing, and content creation to increase their scope of profit earnings. Because of automation and technological advancement, businesses compete fiercely to deliver innovative products.
August 2023: Al Islami Foods Co. has released a noteworthy statement on the relaunch of its premium product line in Qatar's esteemed marketplaces. The business is announcing a major relaunch, emphasizing its popular Chicken Griller and Chicken Parts line. This covers a wide range of cuts, including thighs, breasts, drumsticks, and more, to satisfy a variety of customer tastes.
(Source: https://www.caterermiddleeast.com/business/al-islami-qatar-halal-meat)
In August 2023, a new initiative was unveiled to propel the Kingdom's halal food sector forward and assist Saudi Arabia in establishing itself as a global center for halal food products. The Saudi Exports Development Authority and the Halal Products Development Co. have signed a strategic collaboration agreement to initiate the Halal Products Manufacturing Accelerator Programme.
(Sourcehttps://www.arabnews.com/node/2351476/business-economy)
Top Companies Market Share in Halal Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The North American area accounted for the greatest proportion. The demand for halal items has been driven by Muslim populations in the US and Canada, resulting in their availability in mainstream supermarkets and dining establishments. Due to their perceived quality and safety, non-Muslim customers in the region are increasingly selecting halal products. Many food manufacturers in North America are pursuing halal certification in response to this trend to meet the growing demand in this market. The number of Muslims residing in the US is steadily rising as a result of immigration and natural population growth. Of course, this shift in demographics increases the need for halal products. Halal food appeals to those who care about animal welfare because of the rigorous regulations and certification processes involved.
The Asia Pacific region is projected to grow during the forecasted timeframe. The world's biggest Muslim population resides there, which significantly increases demand for halal goods. Bangladesh, Pakistan, Malaysia, Indonesia, and other nations have developed halal food sectors and regulatory organizations. The region's varied cultural customs and cuisines also foster a thriving market for a broad range of halal dishes, from luxury meals to street snacks. The Asia Pacific area is a prominent producer and consumer of halal food items, focusing on exporting these goods to international markets. The demand for food and beverages with halal certification inevitably rises with this sizeable demographic. The region's varied cultural customs and cuisines also foster a thriving market for a broad range of halal dishes, from luxury meals to street snacks. The Asia Pacific area is a prominent producer and consumer of halal food items, focusing on exporting these goods to international markets. The demand for food and beverages with halal certification inevitably rises with this sizeable demographic. In many parts of India, particularly those with substantial Muslim populations, halal cuisine is ingrained in the local cuisine.
The current report Scope analyzes Halal Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
According to Cognitive Market Research, the global Halal market size was estimated at USD 2151.5 Million, out of which North America held the major market of more than 40% of the global revenue with market size of USD 860.60 million in 2024 and will expand at CAGR or compound annual growth rate of 4% from 2024 to 2031 The demand for halal items has been driven by Muslim populations in the US and Canada, resulting in their availability in mainstream supermarkets and dining establishments. Due to their perceived quality and safety, non-Muslim customers in the region are increasingly selecting halal products. Many food manufacturers in North America are pursuing halal certification in response to this trend to meet the growing demand in this market. According to Cognitive Market Research, Meat, poultry, and seafood held the major market share over the forecasted timeframe due to growing muslim customers; halal Meat, in particular, is extremely important. Because halal Meat is important in Islamic dietary requirements, there is a constant need for halal Meat, which includes beef, lamb, chicken, and shellfish. In conclusion, Muslim populations in the US and Canada drive the North American Halal market, resulting in their availability in mainstream supermarkets and dining establishments.
Country Analysis
According to Cognitive Market Research, with a market value of USD 2151.5 million in 2024, it is projected to expand at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 645.45 million. According to the Halal market assessment, due to the desire of both non-Muslim and Muslim customers for high-quality, ethically prepared food. The demand for halal products is fuelled by the sizeable Muslim populations in nations like Germany, France, and the UK. Additionally, the European Union has worked to standardize the procedures for halal certification to promote commerce and guarantee customer confidence. There are many different kinds of Muslims living in the United Kingdom. The presence of this demographic group invariably raises the demand for halal foods. According to Cognitive Market Research, Food and beverages hold a prominent market share. Halal food and drinks are essential to a Muslim's diet since they must follow Islamic dietary laws and only eat or drink items that have been certified halal. In conclusion, the European Halal market thrives because of the strong demand from end-use sectors and the desire of non-Muslim and Muslim customers for high-quality, ethically prepared food.
According to Cognitive Market Research, the global Halal market size was estimated at USD 2151.5 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 494.85 million in 2024 and will expand at CAGR or compound annual growth rate of 7.8% from 2024 to 2031. The world's biggest Muslim population resides there, which significantly increases demand for halal goods. Bangladesh, Pakistan, Malaysia, Indonesia, and other nations have developed halal food sectors and regulatory organizations. The region's varied cultural customs and cuisines also foster a thriving market for a broad range of halal dishes, from luxury meals to street snacks. The Asia Pacific area is a prominent producer and consumer of halal food items, focusing on exporting these goods to international markets. According to Cognitive Market Research, Conventional holds a prominent market share. A wide variety of foods are included in Conventional halal cuisines. This diversity makes producing many goods that satisfy various customer needs possible. In conclusion, the Asia Pacific Halal market shows significant growth due to the region's increasing population of Asian nations expanding considerably. The region's varied cultural customs and cuisines also foster a thriving market for a broad range of halal dishes, from luxury meals to street snacks.
According to Cognitive Market Research, the global Halal market size was estimated at USD 2151.5 Million, out of which the Latin America market has more than 4% of the global revenue with a market size of USD 107.58 million in 2024 and will expand at CAGR or compound annual growth rate of 5.2% from 2024 to 2031. The halal food industry in the area serves both foreign markets and the region's Muslim population. The Brazilian halal meat sector has become well-known for upholding stringent halal regulations, making it a significant exporter to international markets. Nutraceuticals & Dietary Supplements are the fastest-growing category over the forecasted timeframe. Halal food and drinks are essential and have simpler access to a wider range of halal products since halal food items may be found on internet marketplaces and e-commerce platforms that are used as dietary supplements. In conclusion, the Latin American Halal market exhibits steady growth due to a rise in urbanization and disposable income.
According to Cognitive Market Research, the global Halal market size was estimated at USD 2151.5 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 43.03 million in 2024 and will expand at CAGR or compound annual growth rate of 5.5% from 2024 to 2031. The Middle East and Africa, with their predominately Muslim populations, reside. The halal food market is expanding, especially in the Middle East, where premium, high-quality items are the main focus. Additionally, the tourism sector in these areas further increases the need for halal choices, which draws Muslim tourists looking for real halal food. According to Cognitive Market Research, Organic is the fastest-growing category over the forecasted timeframe. The halal food industry has experienced a surge of specialized producers and businesses focusing on certain categories like fine dining, halal snacks, or organic products. In conclusion, the MEA market exhibits growth potential because the demand for lucerne has increased due to its growing need for halal choices, which is further increased by the tourism sector in these areas, which draws Muslim tourists looking for real halal food.
Global Halal Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Halal Industry growth. Halal market has been segmented with the help of its Product Type, Application Nature, and others. Halal market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, Meat, poultry, and seafood held the major market share over the forecasted timeframe due to growing Muslim customers; halal Meat, in particular, is extremely important. Because halal Meat is important in Islamic dietary requirements, there is a constant need for halal Meat, which includes beef, lamb, chicken, and shellfish. Both fresh and processed beef products are sold in the halal market, which is distinguished by strict certification procedures to guarantee adherence to halal standards.
Fruits, Nuts, and Vegetables are the fastest-growing category over the forecasted timeframe. There is a growing market for halal fruits and vegetables as customers want a healthful, fresh product that complies with halal guidelines. Due to their inherent halal qualities and lack of certification requirements, these items are available to various customers. This market has grown due to customers' desire for fruits and vegetables devoid of non-halal substances and processing techniques, emphasizing clean, healthy eating.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Halal Industry. Request a Free Sample PDF!
According to Cognitive Market Research, Food and beverages hold a prominent market share. Amber from Halal is used in many different industries. Halal food and drinks are essential to a Muslim's diet since they must follow Islamic dietary laws and only eat or drink items that have been certified halal. This essential prerequisite ensures that there will be a substantial and continuous market for these products. These items are a necessary component of lavish and distinctive meals prepared during religious rituals, which helps to explain why consumption is rising. The rise in halal fast-food chains, casual dining venues, and international franchises that have obtained halal certification contributes to the growing popularity of halal food and drinks in the food service business.
Nutraceuticals & Dietary Supplements are the fastest-growing category over the forecasted timeframe. Halal food and drinks are essential and have simpler access to a wider range of halal products since halal food items may be found on internet marketplaces and e-commerce platforms that are used as dietary supplements. Educational initiatives and programs to raise consumer and business awareness of halal food requirements are helping expand the market.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Halal market report 2024 Edition by contacting our team.
According to Cognitive Market Research, Conventional holds a prominent market share. A wide variety of foods are included in Conventional halal cuisines, such as snacks, packaged meals, dairy products, and staples, including rice, Meat, and vegetables. This diversity makes it possible to produce many goods that satisfy various customer needs in regions like the Middle East, South Asia, and Southeast Asia, where a substantial Muslim population and traditional halal meals are often deeply embedded in the local culinary traditions.
Organic is the fastest-growing category over the forecasted timeframe. The halal food industry has experienced a surge of specialized producers and businesses focusing on certain categories like fine dining, halal snacks, or organic halal products. These businesses emphasize quality, authenticity, and ethical sourcing to attract discriminating clients searching for unique, high-value solutions.
Research Analyst at Cognitive Market Research
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
Nisha Deore is a highly skilled Research Analyst with over three years of experience specializing in the agriculture and food & beverage sectors. Her expertise encompasses secondary research, data mining, competitive analysis, and the development of detailed collateral and PR materials. Known for her meticulous approach, Nisha designs robust research methodologies and delivers actionable insights that support her organization’s commercial and financial objectives.
In her current role, Nisha manages research for both the agriculture and food & beverage categories, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With a deep passion for both sectors and a commitment to continuous professional development, Nisha remains an invaluable asset in the dynamic landscape of market research.
Disclaimer:
Product Type | Meat, Poultry and Seafood, Dairy Products, Fruits, Nuts and Vegetables, Fats, Oils and Waxes, Grains and Cereals, Beverages, Others |
Application | Food & Beverages, Nutraceuticals & Dietary Supplements, Infant Formula, Animal Feed Industry, Others |
Nature | Organic, Conventional |
List of Competitors | Al Islami Foods Co., QL Foods Sdn Bhd, Saffron Road, DagangHalal Group, Janan Meat Ltd, Kawan Foods Berhad, Cargill Inc., Prima Agri-Products Sdn Bhd, Nestle S.A., BRF SA., Tahira Foods Ltd. |
This chapter will help you gain GLOBAL Market Analysis of Halal. Further deep in this chapter, you will be able to review Global Halal Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Halal Market Trends North America Halal Technological Road Map North America Halal Market Drivers North America Halal Market Restraints North America Halal Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Nature Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Halal market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Meat have a significant impact on Halal market? |
What are the key factors affecting the Meat and Poultry and Seafood of Halal Market? |
What is the CAGR/Growth Rate of Food & Beverages during the forecast period? |
By type, which segment accounted for largest share of the global Halal Market? |
Which region is expected to dominate the global Halal Market within the forecast period? |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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