Halal Foods Market 2024 Global Leading Key Players, Trends, Share, Industry Size, Sales, Supply, Demand, Analysis and Forecast to 2032

The halal foods market size is projected to be valued at USD 2529.91 billion in 2023 and is expected to rise to USD 5683.53 billion by 2032. The market is expected to register a CAGR of 9.4% during the forecast period from 2024 to 2032. Various factors propelling the demand for halal foods include:

Food safety is a dynamic topic of concern for halal laboratories due to the growing demand for halal meals.
The global halal food trade is rising, opening up new chances for growth, which is bolstered by the expansion of the travel and tourism industry.
The halal food industry is predicted to increase significantly throughout the forecast period, owing to the world's growing Islamic population.

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What Are Halal Foods?

Food products that follow Islamic law are called halal. Islamic law defines halal food as including no ingredients that have been processed, made, or stored in unclean containers. Halal food is safer to eat, more moral, increases metabolism and lowers the chance of contaminated meat because it is hygienic and free of toxins, pig, alcohol, and other intoxicants.

Top Companies:

Because there are so many companies in the industry, it is expected to be both competitive and fragmented. Some of the leading companies in the halal foods market are:

Al Islami Foods
Al-Falah Halal Foods Ltd.
American Halal Company, Inc.
BRF S.A.
Cargill, Incorporated
DagangHalal Group
Kawan Food Berhad
Midamar Corporation
Nema Food Company
Nestlé S.A
One World Foods Inc.
Prima Agri-Products
QL Foods
Rosen's Diversified Inc.
Saffron Road
Unilever

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Regional Landscape:

North America (U.S., Canada)
Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

Segmental Breakdown:

The market is primarily segmented based on product type, distribution channel, and region. Based on the product type research, over the projection period, the raw meat category accounted for the greatest market share due to the continued strong demand for halal-certified raw meat among customers adhering to Islamic dietary regulations, which prioritize the consumption of meat processed according to halal standards.

Furthermore, according to the distribution channel research, supermarkets and hypermarkets would lead the halal foods market in 2023 due to a number of variables that cater to consumer preferences and convenience. These retail layouts offer a varied and complete choice of halal products under one roof, making shopping more easy for consumers.

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Halal Foods Market Report Highlights

The raw meat segment is predicted to have a larger revenue share due to the high demand for Halal-certified raw meat among consumers who stick to the Islamic dietary laws, which emphasize a premium on the consumption of meat prepared in accordance with Halal principles.
Due to a number of factors that accommodate consumer convenience and preferences in the Halal food market, supermarkets and hypermarkets have become the primary distribution channels for Halal foods. With a wide variety of Halal products available under one roof, these retail formats give customers a convenient shopping experience.
The Asia Pacific region became the market leader for halal foods in 2023, owing to its profitable growth surged by a sizeable Muslim population that makes up a sizable consumer base that follows halal dietary practices. The foundation of the halal foods market has been significantly shaped by nations with sizable Muslim populations, such as Bangladesh, Pakistan, Malaysia, Indonesia, and Pakistan.

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