Halal Food and Beverage Market to see Rapid Growth by 2029

The global halal food and beverage market is expected to grow at a CAGR of 5.5% during the forecast period. Muslims are the fastest-growing religious group in the world. Around 25% of the global population is Muslim and is the world's second-largest religion after Christianity and most of the Muslims live in Asia-Pacific. This, in turn, is driving the demand for halal products as Muslims prefer to consume halal products. Halal meat is considered healthier as after slaughter the blood is drained from the animal's body, which removes all toxins and becomes bacteria-free. Also, halal meat is free from antibiotics, preservatives and other chemicals. As a result, the demand for halal meat is growing significantly in several countries. Further, the market players are focusing on strategic initiatives such as mergers and acquisitions, new product launches, and others.

Recent Strategic Initiatives

In February 2022, Chicken Cottage IP Limited entered the East-African market by doing a partnership with kitchen express by taking their franchise. The deal will introduce a fusion menu of halal grilled and fried chicken to Kenya, Rwanda, Tanzania, and Uganda consumers.
In August 2021, Tanmiah Food Co., Saudi Arabia's number two poultry producer, has plans to take its halal products into new markets after its initial public offering (IPO), in which it raised $107 million. The company is looking to expand not only locally, however, regionally and globally too and targeting 1.8 billion Muslims around the world with its expansion. It hopes to expand to the US, Europe, Asia and Latin America. The company doubled production six times over the past five years and has a 17.6% share of the Saudi poultry market. 

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Market Coverage

The market number available for - 2021-2029
Base year- 2021
Forecast period- 2023-2029

Segment Covered- 

By Product
By Distribution Channel

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Nestlé S.A., Cargill, Inc., American Foods Group, LLC, Unilever plc, and JBS SA.

A full Report of Halal Food and Beverage Market is Available @  https://www.omrglobal.com/industry-reports/halal-food-and-beverage-market

Halal Food and Beverage Market Report by Segment

By Product

Meat and alternatives
Milk & Milk Products
Fruits & Vegetables
Grain Products
Others

By Distribution Channel

Hypermarket & Supermarket
Departmental Store
Online

Halal Food and Beverage Market Report by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles 

Al Islami Foods
Azan International
BRF S.A.
Crescent Foods Inc.
DagangAsia Network Holding Sdn. Bhd.
Ferrero International SA
Kawan Food Manufacturing Sdn. Bhd.
Midamar Corp.
One World Foods Inc.
QL Foods Sdn. Bhd.
Rosen's Diversified, Inc.
Tahira Foods Ltd.

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