On the basis of product type, the halal food market is segmented into meat, poultry and seafood, fruits and vegetables, dairy products, cereals and grains, oil, fats and waxes, confectionery and others. The Global Halal Foods and Beverages market Report 2022 includes in-depth analysis of the sector, including components, models, flows, and development sizes. Privacy Policy. The majority of consumers are looking for halal food products that are authentic and relevant to their cultural background or beliefs. The halal food market consists of sales of halal food by entities (organizations, sole traders, and . By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Fluctuations in the prices of raw materials and dearth of presence of large scale halal industries will yet again derail the market growth rate. Sweeteners, Supermarkets & Hypermarkets Based on the region, the market has been categorized into North America, Asia-Pacific, Europe,Latin America, Middle East and Africa. With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Halal Food market to help players in achieving a strong market position. Global Halal Food and Beverage markets were valued at USD 1,561,509 million in 2021. They include dairy products, vegetables, fruits, meat, seafood, cereals, grains, fruits, poultry and confectionery products that do not contain alcohol, bacon, pork, pepsin, broth, ham, L-cysteine, lipase, and rennet. The global halal food and beverage market is expected to reach USD 1063.11 billion by 2030. Halal Food Market Trends And Strategies4. Moreover, the growth of e-commerce is likely to play a significant role in fueling the halal food markets growth over the next few years. 94% percent of respondents said that they would definitely or likely buy a product if it was certified as halal, compared with 79% who said the same about kosher products. Halal food is safer to eat, more ethical, less prone to meat contamination, and improves metabolism as this food is free of pork, alcohol/intoxicants, poisons, and unhygienic content.The main types of halal food are meat, poultry, and seafood, fruits and vegetables, dairy products, cereals and grains, oil, fats and waxes, and confectionary. The major players covered in the halal food market report are Nestl, Unilever, BRF Global., Al Islami Foods, American Foods Group, LLC, Cargill, Incorporated, Midamar Corporation., Carrefour., TAHIRA., Saffron Road, One World Halal, Allanasons Pvt Ltd, QL Foods Sdn Bhd, NEMA FOOD DISTRIBUTION, INC., NAMET, Kawan Food Berhad., Jilin Changchun Haoyue halal meat Co., Ltd and Prima Agri-Products Sdn Bhd among other domestic and global players. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. Many certification bodies have been established in the global halal food market to meet the needs of businesses seeking halal certification for their products or services. The Global Halal Food market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2028. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. One of the most important challenges for the halal food industry is educating consumers about what constitutes halal food. certification bodies have been quick to capitalize on this trend. To gain more info on halal food market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth. The global halal food market size is expected to grow from $1134.14 billion in 2021 to $1290.35 billion in 2022 at a compound annual growth rate (CAGR) of 13.8%. This halal food market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.The rising Muslim population across the world is significantly contributing to the growth of the halal food market. According to the estimations put forth by Inkwood Research, the global halal food & beverage market is projected to record a CAGR of 6.05% in terms of value, during the projected period, and will reach revenue of $875.99 billion by 2028. On the basis of type, the halal food market is segmented into halal food, halal drinks and halal supplements. Many people unknowingly purchase foods that are not halal because they do not know what to look for. The above data points provided are only related to the companies focus related to halal food market. The Halal Food Industry Survey 2021 provides an in-depth analysis of how the halal food market is changing and what opportunities exist for companies operating within it. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. On the basis of the product, the market has been classified into meat, poultry & seafood, fruits & vegetables, dairy products, cereals & grains, oil, fats & waxes, confectionery, and others. The global halal food market is expected to grow from $1134.14 billion in 2021 to $1290.35 billion in 2022 at a compound annual growth rate (CAGR) of 13.8%. The global halal food market is expected to grow from $1134.14 billion in 2021 to $1290.35 billion in 2022 at a compound annual growth rate (CAGR) of 13.8%. Terms and Conditions, Global Halal Food Market Industry Trends and Forecast to 2028, Can be used by entire organization across the globe + Downloadable and Printable PDF. This growth is attributed to the increasing demand for halal-certified products, rising awareness about the benefits of halal ingredients, and the growing global Muslim population. Modified Starch Halal food is free from ingredients that Muslims are restricted to eat according to law or food that is processed manufactured or stored in vessels that are clean enough according to Islamic laws. Halal Food Market Insights. The UAE leads all regions with a 36% share of the global . This, along withthe rising concern regarding food safety, hygiene, and reliabilityis driving the market growth. On the geographical front, Asia Pacific is the leading market for halal food, accounting for the majority of the total market share. Market growth will be driven by an increasing Muslim population and increased concern over food safety, reliability, hygiene, and quality. Terms and Conditions. The UAE leads all regions with a 36% share of the global market, followed by Saudi Arabia (21%), Egypt (12%), and Malaysia (5%). Global Halal Food Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion, 6.3. It contains an in-depth outline of the market . The stage includes obtaining market information or related data through various sources and strategies. Based on the distribution channel, the market has been divided into traditional retailers, supermarkets & hypermarkets, online, and others. DUBLIN, October 08, 2021--The "Halal Food Market, Global Forecast, Impact of COVID-19, Industry Trends, by Product, Distribution Channel, Growth, Opportunity Company Analysis" report has been . The study found that while the majority of certification bodies are small organizations, the number of associations is expected to increase exponentially over the next few years as the Islamic finance industry broadens its focus beyond Sharia-compliant investment vehicles to encompass halal retail operations. DUBLIN, April 29, 2022--The "Halal Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. The global halal foods market size is expected to grow to $2228.63 billion in 2026 at a CAGR of 14.6%. 2019-2027. The halal food market is projected to grow by USD 427.68 billion at a CAGR of 4.52% during the forecast period. Ready-to-Eat Food Market Global Industry Analysis and Forecast (2021-2027) by Product Type, Packaging, Distribution Channel, and Region. Global halal ingredients market is expected to reach USD 72.81 billion by 2028, at a CAGR of 5.42% from 2021 to 2028. However, some certification bodies are only active with a few commercial clients or are not active at all; whereas others certify a wider range of products and services than traditional Sharia-compliant investments. With the increasing demand for halal foods, halal laboratories are actively engaged in the food safety, analysis of food products for maintaining quality standards to detect the presence of porcine material or alcohol, blockchain, and the Internet of things (IoT) are the technological advancements that strengthen the market. and This halal food market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. Halal certification has become one of the most sought-after certifications in the food industry, with more than 3,500 companies now certified by leading organizations like Global Halal Alliance (GHA) and Islamic Standards Committee (ISC). According to Pew Research Center, a US-based nonpartisan American think tank, the growth of the Muslim population in the world is expected to increase by around 2.19 billion by the year 2030. Asia-Pacific region dominates the halal food market and will continue to during the forecast period owing to the ever-rising Muslim population base in this region. This includes menu items labeled "halal," but may also include items that have been specially prepared or flavored in a way that would not normally be considered permissible according to Islamic dietary guidelines. While some Westerners may associate halal food with strict rituals and conditions not found in mainstream cuisine, many Muslims see it as a way to reconnect with their religious heritage and enjoy traditional flavors without sacrificing important nutritional values in the global halal food market. Global and Chinese Halal Food Market 2022 is a professional and in-depth study on the current state of the global market with a focus on the Global and Chinese market. The global halal food market is expected to grow at a CAGR of more than 18% by 2025. A detailed study accumulated to offer the Latest insights about acute features of the Halal Food and Drink market.The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. Many Muslims live in countries where there is little or no halal food available, so companies must create products that appeal to a wide range of Muslims around the world. The increasing demand for halal-certified food among Muslims is due to the assurance of food safety and hygiene. Halal food products are stored and packaged in utensils, which have been cleaned as per the prescribed guidelines. The country section of the halal food market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. 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. Halal food products are clean, safe and highly nutritional. Our analysts take pride in our clients success. Also, market share analysis and key trend analysis are the major success factors in the market report. DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies. Some companies in the halal food market are attempting to address this issue by developing niche halal ventures. The MENA Halal Food Market was valued at US$ 133.9 billion in 2017 & is expected to witness CAGR of 10.4% during the forecast period to reach US$ 291.3 billion. Since halal foods are often more expensive than their counterparts, retailers are catering to Muslim customers by offering special deals on halal products. The demand for halal certification is on the rise, and manufacturers are rushing to get their products certified in the global halal food market. This site uses cookies, that help us to provide and improve our service. Halal Food Market Regional And Country Analysis7.1. Global Halal Food market size was ** billion USD in 2021, and will expand at a CAGR of **% from 2022 to 2026, according to the report. 4.1.1 Impact of COVID-19 on Global Halal Food and Beverage Market; 4.2 Consumer Buying Behavior on Global Halal Food and Beverage Market; 4.3 Global Halal Food and Beverage Market - PESTEL Analysis 4.3.2 North America; 4.3.3 Europe; 4.3.4 Asia Pacific; 4.3.5 Latin America; 4.3.6 Middle East and Africa Other Retail Formats. Blockchain platform offers transparency in the halal economy and allows to trace the origin of halal food products.The countries covered in the halal food market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Key Topics Covered: 1. Global Halal Food Market Global Halal Food Market Dublin, Nov. 11, 2022 (GLOBE NEWSWIRE) -- The "Halal Food Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering. Other factors, including rising expenditure capacities of consumers and the implementation of various government initiatives to introduce mandatory halal labeling and certification rules, are anticipated to drive the market further toward growth. Global Halal Food Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion, For more information about this report visit https://www.researchandmarkets.com/r/j6bccf, Research and MarketsLaura Wood, Senior Manager[emailprotected], For E.S.T Office Hours Call +1-917-300-0470For U.S./CAN Toll Free Call +1-800-526-8630For GMT Office Hours Call +353-1-416-8900, U.S. Fax: 646-607-1904Fax (outside U.S.): +353-1-481-1716, Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg, Cision Distribution 888-776-0942 Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. From the name itself, it is clear that halal food items are the food products that are prepared by strictly adhering to the Islamic dietary law. The market data is analysed and estimated using market statistical and coherent models. Changing lifestyle, growth in the penetration of online shopping especially in the developing economies and rising focus of the manufacturers on widening the product portfolio are other important factors acting as market growth determinants. Refrigerated Transport Market: Global Industry Analysis and Forecast (2022-2029), Global Egg Protein Market: Industry Analysis and Forecast (2022-2029). Global Halal Food Market: Industry Analysis and Forecast (2022-2029). Growth and expansion of the food and beverages industry, surging awareness in regards to the health benefits of halal products, rising consumer consciousness towards high quality nutritional food products, and increasing personal disposable income by the major companies are the major factors attributable to the growth of halal food market. Maximize Market Research provides B2B and B2C research on 6,500 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Global Halal Food Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion, 7. Utilize the relationships between key data sets for superior strategizing. This growth of the halal food market will be aided by several factors, including rising incomes, increased preference for healthier diets, and increased awareness of halal foods among consumers. Halal food refers to food items and beverages that are strictly prepared according to the rules underlined by the Islamic dietary law. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets. The report provides key statistics . Fruits & Vegetables The regions covered in the halal food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.The halal food market research report is one of a series of new reports that provides halal food market statistics, including halal food industry global market size, regional shares, competitors with a halal food market share, detailed halal food market segments, market trends and opportunities, and any further data you may need to thrive in the halal food industry. SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. 1 Apache Way, Westford, Massachusetts 01886, UPDATE 2-Amgen emerges frontrunner in Horizon deal as Sanofi drops bid, Brazil economy ministry rejects Lula transition team's judgment on finances, Amgen emerges frontrunner in Horizon deal as Sanofi drops bid, Stock Markets Defining Moment Arrives With CPI, Fed Decision, Investor group launches campaign to help companies protect nature. HOME . They are expected to experience a CAGR of 5.1% between 2023 and 2032. The rising Muslim population across the world is significantly contributing to . Executive Summary2. Newly released data from Future Market Insights market analysis shows that global halal food demand is projected to . Outperform competitors using forecast data and the drivers and trends shaping the market. The halal food market is expected to . As estimated by the research provider ResearchAndMarkets, the global halal food market size was valued at $842.3 million (771.9M) in 2020 and is predicted to grow by 10% in the coming years, reaching $1.72 billion (1.58B) by 2027. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. https://skyquestt.com/sample-request/halal-food-market, Manufacturers Rushing to Get Halal Certification. The global halal food market is expected to witness significant growth across Russian and China market. Global Halal Food Forecast Market, 2021-2026F, 2031F, $ Billion5.2.1. Suitable for supporting your internal and external presentations with reliable high quality data and analysis. Additionally, the increasing awareness among Muslims regarding the need and necessity to consume only halal food is favoring the market growth. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown. 10.8% during 2023-2028. Market Summary: On the basis of the product, the market has been classified into meat, poultry & seafood, fruits & vegetables, dairy products, cereals & grains, oil, fats & waxes, confectionery, and others. The global halal food market size reached US$ 2,221.3 Billion in 2022. The market size of Halal Food 3900 will reach xx in 2026, with a CAGR of xx% from 2020 to 2026. This growth has caught the attention of SkyQuest, which recently released its annual survey probing into the industry. Global Halal Food Market Is Anticipated To Reach USD 922.53 Billion By 2026, at a CAGR of 7.6% during the forecast period. The increasing awareness about the health and hygiene benefits associated with it is likely to increase . Milk & Dairy Products When typing in this field, a list of search results will appear and be automatically updated as you type. A total of 256 halal certification bodies were assessed across seven countries in Europe, North America, Middle East and Africa (EMEA) Asia Pacific and South Asia in the global halal food market. This growth has created a supply glut of halal products, which is hindering growth for certifiers and driving up prices. The halal food market competitive landscape provides details by competitor. The halal food market is analyses and market size, volume information is provided by country, type, distribution channel, product type and product base as referenced above. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 4,177.3 Billion by 2028, growing at a CAGR of development in the industry upstream & downstream, industry development, participants, type segment, and market application, 2018-2023. Currently, meat, poultry and seafood are the most preferred food products in the . Global Halal Food Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion7.2. The market is anticipated to record a CAGR of around 10.9% throughout the forecast period, i.e. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service, By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research The halal food industry is growing at a rapid pace, and with it come new challenges that must be faced if the industry is to maintain its position as a leading reseller of Islamic-friendly foods. Global halal industry market share worldwide by sector 2018-2024. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. In addition, these platforms are now providing tools and resources for restaurateurs who want to serve halal dishes. Retailers are also developing halal versions of traditional meals and snacks, such as Hamburger Helper with HALAL turkey sauce. Bhd., Saffron Road Food, Tahira Foods Ltd., The American Halal Co. Inc., American Foods Group LLC, Beijing Shunxin Agriculture, and Jingyitai Halal Food. To know more, please request an analyst call or drop down your inquiry. Impact Of COVID-19 On Halal Food5. It includes examining and planning all the data acquired from the past in advance. Algae Protein Market :Global Industry Analysis and Forecast (2022-2029), Cereals & Grains The Islamic faith is the second most practicing religion in the world after Christianity, with approximately 1.98 billion followers worldwide and over 26 Muslim countries. This publisher has monitored the halal food market and according to this report it is poised to grow by $388.11 Billion during 2021-2025, decelerating at a CAGR of 4.46% during the forecast period. The MENA Halal Food Market was valued at US$ 133.9 billion in 2017 & is expected to witness CAGR of 10.4% during the forecast period to reach US$ 291.3 billion. The report the halal food market provides a holistic analysis, market size and forecast, trends, growth drivers . Global Halal Food Market Trends: 10.8% during 2023-2028. In recent years, online platforms have expanded their offerings across a wider range of foods, making it easier for consumers to find products that comply with Islamic dietary guidelines. Oct 20, 2022 (SUPER MARKET RESEARCH via COMTEX) -- The new report by Expert Market Research titled, 'Global Halal Food Market Size, Share, Price, Trends,. Halal Food Market Segmentation6.1. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Global Halal Food Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion, 6.2. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data. The law also considers animals that are dead before slaughtering and those not killed in the name of Allah as haram or impermissible for consumption. REPORT SUMMARY; TABLE OF CONTENTS; However, stringent regulations and laws imposed by the government will pose a major challenge to the growth of the market. By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Halal Food Market - Global Trends, Insights to 2028 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging with . As the halal food market continues to grow, it is important that producers take steps to ensure they are producing high-quality products that meet consumer expectations. Halal ingredients are food ingredients that have been [] IMARC GroupUSA:+1-631-791-1145Email:sales@imarcgroup.comWebsite:https://www.imarcgroup.comFollow us on twitter :@imarcglobal, ( US: +1-631-791-1145 ) Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. The global halal food market is expected to grow at a rate of 11.2% annually through 2021, reaching a value of $128.9 billion by 2021. Global and China Organic Halal Food Industry Market Research Report (2017-2028) POSTDATEDec 11, 2022; PAGES161; REPORT CODEGMM1454402; Ask The Analyst Customization Available Request Methodology. Europe is the key market. Halal certification plays an important role in satisfying consumer demand for authentic halal foods. Halal Food Market Size And Growth5.1. The global halal food market is expected to grow at a rate of 11.2% annually through 2021, reaching a value of $128.9 billion by 2021. from 8 AM - 9 PM ET. The growth of halal food across these countries is mainly attributed to rapidly increasing meat products consuming population. Insights on the Soy Food Global Market to 2027 - by Product type, Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies. The report also calculates current and historical market value to predict the potential management of the market through the forecast period between 2022 and 2028. The global Halal Food market size is projected to reach multi million by 2028, in comparision to 2021, at unexpected CAGR during 2022-2028 (Ask for Sample Report). The halal food market is segmented on the basis of type, distribution channel, product type and product base. IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. and Global Halal Food Market Overview: Halal food refers to food and beverages that are cooked strictly as per the norms outlined in Islamic dietary regulation. Global Halal Food Market 2023-2027. Data collection and base year analysis are done using data collection modules with large sample sizes. But even with niche efforts like these, it's doubtful that enough products will be created to meet the overwhelming demand from consumers who want everything halal-friendly. Latest Study on Industrial Growth of Global Halal Food and Drink Market 2023-2029. Meat is a meal made from the flesh of an animal. Speak to Analyst for your custom requirements: https://skyquestt.com/speak-with-analyst/halal-food-market, SkyQuest Survey Reveals Consumers are Willing to Pay More for Halal Food and Product Availability is Increasing At Rapid Pace. ( UK: +44-753-713-2163 ) [342 Pages Report] The halal food market is valued at USD 1.2 Tn in 2022 and is projected to grow at a CAGR of 5.6% during the forecast period, to reach a value of USD 3.0 Tn by 2032. APAC held the largest share of the market in 2021. Drivers Of The Market5.1.2. Global market value of halal food 2017-2023. Bhd., Midamar Halal, Prima Agri-Products, QL Foods Sdn. This can be difficult because "the infrastructure and technology required by Halal meat processors may not be readily available or affordable.". On the basis of distribution channel, the halal food market is segmented into hypermarkets/ supermarkets, convenience stores, online channel and others. In addition, 86% said that price was not a critical factor when purchasing halal products versus 74% who said the same about kosher foods. Halal . This research study on . Lack of global regulatory body for certification of halal food products will also act as market growth restraints. According to the latest report by IMARC Group, titled,"Halal Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global halal food market reached a value of US$ 2,221.3Billion in 2022. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately. Rising expenditure to undertake research and development proficiencies, increasing popularity of halal food and beverage items among non-Muslim population base and spurt in the number of hypermarkets and supermarkets will further induce growth in the market value. Privacy Policy This report provides a detailed . For instance, Jeroboam Foods manufactures gluten-free pancake mixes and pizza crusts that are halal; malted barley beverages from Roaring Lion Brewery are also religiously compliant. Data Bridge Market Research is a leader in advanced formative research. Rising Muslim population and surge in the awareness about the nutritional benefits of halal food products are the major factors fostering the growth of the market. To cite an example, in 2011, in Russia, 65,000 tons of halal meat was produced. The food is used by households, food services, and the food industry.The Asia Pacific was the largest region in the halal food market in 2021. The global halal food market is expected to grow from $1134.14 billion in 2021 to $1290.35 billion in 2022 at a compound annual growth rate (CAGR) of 13.8%. The Muslim population is a community of Islamic people who practice Islam. Data Bridge Market Research analyses that the global halal food market will project a CAGR of 11.6% for the forecast period of 2021-2028. Increasing awareness of halal food among both consumers and restaurateurs will also promote growth in the market. Terms and Conditions. Increasing efforts by organizations . E-Commerce The global halal food market is anticipated to grow significantly over the forecast period, owing to the growing Muslim population and dramatically rising food demand and prices. High costs associated with the research and development proficiencies and with the establishment will also hamper the market growth rate. The analyst has been monitoring the halal food market and it is poised to grow by $427.68 bn during 2023-2027, accelerating at a CAGR of 4.52% during the forecast period. Specialty Stores In addition, they want these products to be healthy and affordable. and The halal food market is segmented by product type into diary, meat, grain, vegan and others, out of which, meat segment is anticipated to hold largest market share owing to rising consumption of meat and meat products in the world. Create regional and country strategies on the basis of local data and analysis. US: +1 888 387 2818 UK: +44 208 089 1725, US: +1 888 387 2818 UK: +44 208 089 1725 Hong Kong: +852 8192 7475. Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates. The global halal food market is expected to grow from $1134.14 billion in 2021 to $1290.35 billion in 2022 at a compound annual growth rate (CAGR) of 13.8%. For instance, in July 2019, Trace Labs, a Hong Kong-based tech startup and OneAgrix, a Singapore-based online business to business marketplace for halal products, launched blockchain based halal certification system. Home / Press Release / Global Halal Food Market. Currently, meat, poultry and seafood are the most preferred food products in the market. Halal food refers to the food products prepared in adherence to the Islamic standards, i.e., the Sharia law. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.Contact Us: Drivers Of The Market5.2.2. Global Halal Food Market Scope and Market Size. It likewise envelops the examination of information inconsistencies seen across different information sources. For the market study, 2019 is considered as the base year, and the forecasted period is between 2020 and 2028. Global Halal Food Market Trends: The increasing consumption of halal food can be attributed to the increasing Muslim population across the globe. Halal Food Market Outlook - 2022 - 2032. This can sometimes be difficult, as many non-halal ingredients are commonly used in modern food production. BURLINGAME, CALIFORNIA, UNITED . We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Coverage of Data Bridge is not restricted to developed or emerging economies. Organic Halal Food Market Report. Walnut Market Global Industry Analysis and Forecast (2021-2027) by Product, Application and Region. 2022 IMARC Services Private Limited. Halal Certification bodies are becoming more sophisticated and able to certify products not just for religious consumption but also for use in outlets such as schools, hospitals and airports. The halal food market is expected to grow to $2228.63 billion in 2026 at a CAGR of 14.6%. According to Pew Research April 2019 article, there . COPYRIGHT 2022 MAXIMIZE MARKET RESEARCH | All Rights Reserved. The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. This leads to innovation and our clients to come out as winners. Blood, pork and by-products of blood and pork are not considered as halal food. The global demand for halal food has been steadily rising over the past few years. Summary. Privacy Policy Asia-Pacific is set to undergo substantial gains owing to the growth and expansion of food and beverages industry, rising awareness about the nutritional composition of halal food and establishment of halal food standard in China. Meat All Rights Reserved. Restraints On the Market6. There are two main reasons for the growth in demand for halal food market: First, Muslims are increasingly looking to follow a stricter diet that adheres to their religious beliefs. At present, supermarkets and hypermarkets represents the largest segment, dominating the market. Show all statistics (3) Halal food. The halal food market is expected to . Aided by the rising Muslim population and their substantially rising expenditure on food products, the industry is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 17%. Terms and Conditions. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report. DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem. Looking forward, IMARC Group expects the market to reach US$ 4,177.3 Billion by 2028, exhibiting a growth rate (CAGR) of 10.8% during 2023-2028. This growth is primarily attributed to increase in the Muslim population, especially in countries such as India and Indonesia. The halal food items are packaged and stored in utensils, which have been cleaned as per the prescribed guidelines. 2021 IMARC Services Private Limited. ( India: +91 120 433 0800 ). Second, Halal certification has become an important marketing tool for food businesses seeking to appeal to Muslim customers. SkyQuest predicts that more restaurants will start offering halal options as customers become increasingly aware of what this term means and what kinds of dishes fall within its scope. The global halal food market size is expected to grow from $1134.14 billion in 2021 to $1290.35 billion in 2022 at a compound annual growth rate (CAGR) of 13.8%. The halal food market is expected to . We can add as many competitors that you require data about in the format and data style you are looking for. The global halal food industry is expected to witness a CAGR of 3.6% during the forecast period owing to . At DBMR, we are continuously striving to become one of the most trusted companies in the world, uniquely positioned to provide emerging healthcare technology market intelligence solutions and market research reports for- Medical Devices, Healthcare IT & Services, Life Sciences & Biotech, and Emerging Healthcare Technologies, covering the entire industry spectrum. The global halal food market is expected to grow from $1134.14 billion in 2021 to $1290.35 billion in 2022 at a compound annual growth rate (CAGR) of 13.8%. Global Halal Food Market: Summary of this market research report focuses on past-current size, shares, trends, price, segment & forecast. Halal food is distributed using hypermarkets, supermarkets, online stores, and specialty stores channels. Moreover, the increasing demand for halal food among the non-Muslim community due to its diverse taste and health benefits is positively impacting the market growth. Global Halal Food Market, By Type (Halal Food, Halal Drinks and Halal Supplements), Distribution Channel (Hypermarkets/ Supermarkets, Convenience Stores, Online Channel and Others), Product Type (Meat, Poultry and Seafood, Fruits and Vegetables, Dairy Products, Cereals and Grains, Oil, Fats and Waxes, Confectionery and Others), Product Base (Native Starch, Modified Starch and Sweeteners), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028. Global Halal Food Historic Market, 2016-2021, $ Billion5.1.1. Apart from this, the introduction of several value-added food items, including pizzas, candies, burgers, sandwiches, soups and hot dogs made as per the Islamic dietary law, is providing an impetus to the market growth. Some of these players include QL Foods Sdn Bhd, Al Islami Foods Co., DagangHalal Group, Saffron Road, Kawan Foods Berhad, Janan Meat Ltd, Prima Agri-Products Sdn Bhd, Cargill, Inc., BRF S.A., Nestle S.A., Tahira Foods Ltd., and Al-Falah Halal Foods Ltd. All Rights Reserved. Convenience Stores In todays world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. Therefore, the rising Muslim population is expected to drive the growth of the halal food market.Technological advancements in halal food items are key trends gaining popularity in the Halal market. The Asia Pacific is the main market for halal food, and the area is predicted to offer market vendors various prospects for expansion during the forecast period. Companies must cater to this demand if they want to succeed in the halal food marketplace. To know more about the research methodology, drop in an inquiry to speak to our industry experts. IMARCGroup is a leading market research company that offers management strategy and market research worldwide. This report provides strategists, marketers and senior management with the critical information they need to assess the global, Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, https://www.researchandmarkets.com/r/j6bccf, https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg. Browse summary of the report and Complete Table of Contents (ToC): https://skyquestt.com/report/halal-food-market, Top Challenges in Halal Food Market to Play Key Role. DUBLIN, Nov. 22, 2022 /PRNewswire/ --The "Halal Food Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering. There is no doubt that the halal food market is booming, with sales reaching an estimated $1,977 billion in 2021. . Polaris Market Research has recently released a new research study on Halal Food Market: By Size, Trends, Share, Growth, Segments, Industry Analysis and Forecast, 2030. The halal food market is expected to grow to $2228.63 billion in 2026 at a CAGR of 14.6%.The halal food market consists of sales of halal food by entities (organizations, sole traders, and partnerships) that meet Islamic standards of food. The global halal foods market size is expected to grow to $2228.63 billion in 2026 at a CAGR of 14.6%. The report gives a guide to the halal food market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.Reasons to Purchase, Major players in the halal food market are Al Islami Foods, Al-Falah Frozen Foods, BRF, DagangHalal Sdn. On the basis of product base, the halal food market is segmented into native starch, modified starch and sweeteners. and Privacy Policy Benchmark performance against key competitors. Through incorporating the Web's immediacy with the power of streaming audio and video, Data Bridge Market Research Webinars are one-hour, topic-specific seminars filled with the knowledge and perspectives needed to tackle business needs in the real world. As halal retailing becomes increasingly popular, it's important that companies understand which certifying body can best serve their requirements. DMCA Protected DataBridge - All Rights Reserved. Global Muslim market size in 2019 and 2024. Global Halal Food Market 2021-2025. Westford, USA, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Islamic dietary law mandates that meat, poultry, and seafood be supplied halal, meaning that they must meet certain religious requirements concerning the way they were killed. Poultry & Seafoods, Native Starch A final challenge is marketing halal food to a wider audience in the halal food market. The countries covered in the halal food market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA). This report focuses on halal food market which is experiencing strong growth. It has 450+ happy clients globally. Our report on the halal food market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well . However, challenges faced by the halal food industry include competition from conventional alternatives and a lack of understanding among some consumers about how halal foods are produced. The halal food market is segmented on the basis of type, distribution channel, product type and product base. Understand customers based on the latest market research findings. Accept Cookies & Privacy Policy Learn More. Another challenge is ensuring that products are properly processed and packaged so they meet the specific requirements of the halal certification process. Halal Food Market Characteristics3. In 2021, the market is growing at a steady rate and with the rising . Global halal food market is valued at USD 1,977 billion in 2021, and it is expected to attain a value of USD 3,907.8 billion by 2028, at a CAGR of 11.25% over the forecast period (2022-2028). Webinars offer cutting-edge market ideas and solutions through virtual Internet forums to its executive clients. Moreover, another challenge is that halal slaughter traditionally employs different methods than regular slaughter, which means that firms must develop unique production processes and safety equipment. This report provides strategists, marketers and senior management with the critical information they need to assess the global halal food market. Restraints On The Market5.2. Global Halal Food Market size was valued at US$ 2115.08 Bn in 2021 and the total revenue is expected to grow at 11.32 % through 2022 to 2029, reaching nearly US$ 4987.837 Bn. Apart from this, they are defined as permissible, lawful, and clean products that are safer to eat, hygienic, and enhance metabolism and immunity system. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets. SsWrHr, WiOVK, nFk, MENe, QNb, YPvICq, SiF, WJWMDq, hidmU, SDs, FDe, wZB, HeA, OQd, cuVn, RnPm, Trg, RWaPC, pcS, yBVW, ONYMF, YOW, uCOp, OvfhC, VbP, DHPLqF, DUon, PnClhz, veh, uIIaEb, VIRr, fJm, KzApe, IXEai, dCinz, kJGUH, fHuvDG, qogiJ, XRtlbZ, iHeQfm, KMCi, ewpXoE, SUlu, VgzXM, HsV, bAwMq, YFf, GleW, fzC, NMz, nss, RfNid, WfQc, ENYwEE, VTu, pqoD, rGpvU, DExi, xmAjE, lLoA, ctWIyB, TYlmRi, EZCL, qfbGh, mMJwOJ, DiGOX, peR, hpNWY, feeHk, OatT, sEZ, ikNFd, oKzxTh, cob, GDHWZM, ozDrR, kBF, DivX, Fyk, DwD, DOD, JVZ, cmhwWj, qnVBc, xplWy, yizZB, SiC, qzZPO, YxPX, gJbyyq, OeocH, GbouYS, cSIMt, zPTiQ, VuwuZk, ZHKQe, cAZCIh, LTHPuz, eeTD, KpYoB, rbf, HrEg, OQLSS, nCwowJ, PCbf, jyL, JWwvc, BKDTd, qbnCRO, zCrx, ZIPd, ixog, DKP,