Halal Food & Beverage

Halal Food & Beverage Market by Type (Grain Products, Meat & Alternatives, Milk & Milk Products), Distribution Channel (Convenience Stores, Online Retail Stores, Supermarkets/Hypermarkets) - Global Forecast 2024-2030

360iResearch Analyst
SPEAK TO ANALYST? OR FACE-TO-FACE MEETING?
Want to know more about the halal food & beverage market or any specific requirement? Ketan helps you find what you're looking for.
DOWNLOAD A FREE PDF
This free PDF includes market data points, ranging from trend analysis to market estimates & forecasts. See for yourself.

[184 Pages Report] The Halal Food & Beverage Market size was estimated at USD 93.27 billion in 2023 and expected to reach USD 99.98 billion in 2024, at a CAGR 7.43% to reach USD 154.08 billion by 2030.

Halal Food & Beverage Market
To learn more about this report, request a free PDF copy

Halal food & beverages are normally consumed by practicing Muslims and abide by Islamic Sharia law. Halal food is any food or product prepared and handled according to Islamic Sharia law, has no trace of pork or alcohol, and does not mix haram products. Halal food is considered more ethical, safer to eat, and less prone to meat contamination as it is free of poisons, pork, alcohol, intoxicants, and unhygienic content. The surge in the Muslim population worldwide and the inclination of consumers toward hygienic and safe food have accelerated the sale of halal food products. Additionally, the rising interest among consumers in consuming organic and natural food & beverage products is increasing the demand for halal-certified food products. However, the fluctuating cost of raw materials and the complex regulatory framework for producing halal food & beverages may limit their production. Moreover, the introduction of nutritionally rich and value-added halal food & beverage products and rising trade activities are expected to increase the purchase and consumption of halal products globally.

Halal Food & Beverage Market - Global Forecast 2024-2030
To learn more about this report, request a free PDF copy
Regional Insights

The Middle East and Africa and Asian Islamic countries, including Indonesia, Afghanistan, and Iran, have the highest demand for halal food & beverage products because of the larger Islamic population in the region altogether. Government regulations in Islamic countries are increasing the requirement for halal certification in most food & beverage products. The migration of people from Muslim-dominated nations to other regions is a part of the vital dynamics responsible for the significantly rising Muslim population in the Asia-Pacific region. The Muslim population in Canada and the U.S. is continuously growing, posing novel opportunities for America's food & beverage foods markets. Governments of the Islamic, as well as the non-Islamic nations and the manufacturers of halal-certified food products, have been taking various initiatives in terms of marketing & educating consumers about these safe and hygienic food products. The majority of halal food products are manufactured in non-Muslim countries, such as Europe, America, Canada, Brazil, India, China, and Russia. Moreover, Islamic countries are collaborating with the major halal food & beverage processing countries to ensure the availability of products complying with their religious guidelines. For instance, in February 2023, the Philippines and Gulf Cooperation Council countries planned to expand the market presence for Philippine halal-certified food by exporting it to Abu Dhabi. Moreover, the introduction of value-added food & beverage products and a surge in trade activities are expected to increase the availability and consumption of halal food & beverage products by consumers worldwide.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Halal Food & Beverage Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Halal Food & Beverage Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • Philippines eyes expansion of halal food footprint in Gulf countries

    Food and beverage options are an important part of any culture, but perhaps none more so than among Muslims. Increasing consumer awareness about health benefits offered by certain ingredients of halal foods and the rising Muslim population across the globe is driving the growth and popularity of the market. The industry is particularly vibrant in the Middle East where places like Dubai have become a hub for certified halal products. The presence of numerous giants in this sector such as Nestle, Unilever, Mars Incorporated, Global Food Industries LLC and others also points to its increasing scale and potential. Despite growing competition in this space, this lucrative market seems poised to show remarkable growth in years to come. [Published On: 2023-02-16]

  • ABCC signs agreement with ApexBrasil to increase Halal Food and Beverage Exports to Arab Nations

    ABCC has been a leading provider of certified Halal Food and Beverage products in the UAE for many years, and just recently signed an agreement with ApexBrasil in order to further boost exports to Arab nations. This agreement is attributed to the mutual trust that both organizations have developed over decades of successful partnering, allowing them to take ambitious steps forward into new arenas together. With this agreement, ABCC can now tap into increased demand for Halal products around the World, paving the way for more prosperous trade partnership in the future. This news is sure to be welcomed by the F&B industry both locally and internationally! [Published On: 2022-10-27]

  • Saudi PIF launches new firm to localize halal production industry

    With the increased global interest in ethical sourcing and ingredients, the market for Halal certified products is expected to continue expanding. Many major food and beverage companies throughout North America, Europe, Asia-Pacific and the Middle East are producing high-quality halal products that offer an attractive opportunity for investors. This growth presents a significant business opportunity as there is increasing demand from Muslims worldwide who need halal certified products that fit their dietary requirements. With thoughtful strategic planning, businesses will be able to not only gain a competitive edge but also meet the increasing needs of this important consumer segment. [Published On: 2022-10-24]

Key Company Profiles

The report delves into recent significant developments in the Halal Food & Beverage Market, highlighting leading vendors and their innovative profiles. These include Al Islami Foods Corporation, Allanasons Pvt Ltd., American Foods Group, LLC, Archer Daniels Midland Company, Aurora Brazil, Banvit, Barry Callebaut AG, BRF S.A., Cargill, Incorporated, Crescent Foods, Isa Delice, Kawan Food Manufacturing Sdn Bhd, Midamar Corporation, Nestlé S.A., One World Halal, Pampanga's Best, Inc., PrimaBaguz Sdn Bhd, QL Foods Sdn. Bhd., Saffron Road, Sariraya Co.,Ltd., Tahira Foods Ltd., and Unilever PLC.

Market Segmentation & Coverage

This research report categorizes the Halal Food & Beverage Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Type
    • Grain Products
    • Meat & Alternatives
    • Milk & Milk Products
  • Distribution Channel
    • Convenience Stores
    • Online Retail Stores
    • Supermarkets/Hypermarkets

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Halal Food & Beverage Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Halal Food & Beverage Market?
  3. What are the technology trends and regulatory frameworks in the Halal Food & Beverage Market?
  4. What is the market share of the leading vendors in the Halal Food & Beverage Market?
  5. Which modes and strategic moves are suitable for entering the Halal Food & Beverage Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Halal Food & Beverage Market, by Type
  7. Halal Food & Beverage Market, by Distribution Channel
  8. Americas Halal Food & Beverage Market
  9. Asia-Pacific Halal Food & Beverage Market
  10. Europe, Middle East & Africa Halal Food & Beverage Market
  11. Competitive Landscape
  12. Competitive Portfolio
  13. List of Figures [Total: 20]
  14. List of Tables [Total: 196]
  15. List of Companies Mentioned [Total: 22]
Halal Food & Beverage: A Rising Trend in Trade Activities
June 15, 2023
BLOG
Halal Food & Beverage: A Rising Trend in Trade Activities
Halal, an Arabic word meaning "allowed" or "permissible," is a term commonly used to describe Islamic dietary laws. With the growing number of Muslims worldwide, the demand for halal products has significantly increased, including food and beverage. Further, the rise in trade activities of halal products is driving its industry globally. Whether it's fast food chains adopting halal menus or international trade exhibitors showcasing halal products, the halal industry is undoubtedly a trending topic globally.

The halal certification ensures that the product complies with the Islamic dietary laws right from sourcing to the processing of raw materials, packaging, and storage. Since the demand for halal products is rapidly growing worldwide, governments and halal certification organizations have set rigorous standards to ensure the halal authenticity of food products.

The growth of halal trade activities can be attributed to the rising Muslim population, the growing awareness about halal foods among non-Muslims, and the increasing demand for halal products in Muslim-dominant countries. In 2020, the largest market for halal foods and beverages was Asia Pacific, with a market share of 61.3%. Major producers of halal food and beverage products include Malaysia, Indonesia, Turkey, and the UAE. Halal trade shows and exhibitions such as Malaysia International Halal Showcase (MIHAS) and Gulfood, held annually in Dubai, provide a platform for halal food and beverage businesses to showcase their products and connect with potential buyers.

The halal industry has created significant job opportunities in the halal certification sector, halal food processing, and packaging. Moreover, governments worldwide are promoting the halal industry as a key area of focus and investing in infrastructure development, research, and certification to raise the industry's profile.

Additionally, halal food and beverage industry has an expanding market in non-Muslim countries as well, particularly in Western societies. Societies are becoming increasingly multicultural, and the halal industry's growth is evident with halal meat sections in supermarkets and fast-food chains serving halal-certified burgers and chicken sandwiches. The growth potential of the halal industry has attracted the attention of global businesses, and leading brands have recently launched their halal-certified products to capture the growing market share.

The halal food and beverage industry plays a vital role in the global trade of halal products, driving the global economy's growth. The rising demand for halal products, increasing awareness among non-Muslims, and the booming Muslim population worldwide will continue to drive the industry's growth in the coming years. The halal certification process ensures the products comply with Islamic dietary laws, driving halal trade activities worldwide. The industry's expansion also presents new opportunities for business expansion and offers consumers a diverse and unique range of halal-certified products to choose from. Ultimately, the halal industry's primary purpose is to provide consumers of all faiths with safe, wholesome, and ethically produced products, and this alone will continue to secure its place in the global economy.

Frequently Asked Questions
  1. How big is the Halal Food & Beverage Market?
    Ans. The Global Halal Food & Beverage Market size was estimated at USD 93.27 billion in 2023 and expected to reach USD 99.98 billion in 2024.
  2. What is the Halal Food & Beverage Market growth?
    Ans. The Global Halal Food & Beverage Market to grow USD 154.08 billion by 2030, at a CAGR of 7.43%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
  4. In what format does this report get delivered to me?
    Ans. We will send you an email with login credentials to access the report. You will also be able to download the pdf and excel.
  5. How long has 360iResearch been around?
    Ans. We are approaching our 7th anniversary in 2024!
  6. What if I have a question about your reports?
    Ans. Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available and included in every purchase to help our customers find the research they need-when they need it.
  7. Can I share this report with my team?
    Ans. Absolutely yes, with the purchase of additional user licenses.
  8. Can I use your research in my presentation?
    Ans. Absolutely yes, so long as the 360iResearch cited correctly.