Halal Food Market Size Poised to Reach USD 5284.96 Billion by 2030

𝐇𝐚𝐥𝐚𝐥 𝐅𝐨𝐨𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐭𝐨 𝐒𝐮𝐫𝐠𝐞, 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐌𝐮𝐬𝐥𝐢𝐦 𝐏𝐨𝐩𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐌𝐨𝐫𝐞 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐄𝐭𝐡𝐢𝐜𝐚𝐥 𝐂𝐨𝐧𝐬𝐮𝐦𝐩𝐭𝐢𝐨𝐧

Halal Food Market was valued at USD 2339.1 billion in 2023 and is expected to reach USD 5284.96 billion by 2030, growing at a CAGR of 10.5% from 2023 to 2030. The tremendous growth has been primarily due to the continuous growth of the global Muslim population and growing consumer interest in the aspects of food safety, hygiene and ethical consume habits.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐋𝐢𝐧𝐤 𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐬:https://www.maximizemarketresearch.com/request-sample/28343/

𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐟𝐨𝐫 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

Outside the Muslim community, there is a growing number of non-Muslim consumers choosing halal food products because of an impression that halal food products have better quality in terms of food safety, hygiene and even ethical food sourcing. Given this trend, manufacturers are expanding their product lines and have launched a wide range of high-quality halal foods such as pasta, vegetables, dairy products, yogurt, and cheese in the market. Moreover, the significant rise in ready-to-eat and convenient halal food products, such as, hummus, fruit juice, milk, coffee, smoothies, hot dog, nuggets, soup, candy, cookies, and pizza, among others, is helping in expansion of the halal food market, as the manufacturing skills of the halal food products are improving in order to meet the preferences of larger consumer base.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

This report segments the halal food market based on type of product, type of distribution channel.

𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞:

Meat, Poultry, and Seafood - This segment captures the majority of the market share due to the growing Muslim population and the trend of them consuming halal-certified meat products.

Developing health awareness among the consumers resulted in an increase in demand for halal-certified fruits and vegetables.

Dairy   The dairy segment is growing since manufacturers are putting forth a range of halal-accredited dairy products such as milk, cheese and yogurt.

𝐂𝐞𝐫𝐞𝐚𝐥𝐬 𝐚𝐧𝐝 𝐆𝐫𝐚𝐢𝐧𝐬: Increasing demand for halal-accredited cereals and grains as consumers adopt more ethically sourced staple foods.

Other processed products: This segment includes other halal processed foods like confectioneries, and ready-to-eat meals that are growing owing to convenience and variety.

𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥:

Distribution of Halal Food by Outlet Type: Supermarkets and Hypermarkets account for majority of the distribution channel segment and offer a wide variety of halal food products available with major consumer population due to convenience and variety.

These stores keep halal products in growing number, specially in areas of urbanization with major portion of Muslim population: Convenience Stores

Halal specialty stores are popping up, and consumers now have specific stores where they can shop for halal products.

E-commerce - This online retail segment is witnessing dynamic growth as consumers now get better access to halal products, particularly in areas where physical shops are not as readily available.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐋𝐢𝐧𝐤 𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐬:https://www.maximizemarketresearch.com/inquiry-before-buying/28343/

𝐂𝐨𝐮𝐧𝐭𝐫𝐲-𝐋𝐞𝐯𝐞𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

The halal food market is expanding in the US with a growing Muslim population and a rise in non-Muslims consumers understanding and exploring the benefits of halal food. The commonness of halal items in customary supermarkets and cafés has improved, as this portion is easily found by the different individuals with an enormous scope of needs.

Germany has a large Muslim population and many more refugees, and interest in halal food goods here has swelled. In turn, the local food sector is making more halal-certified products available, encompassing everything from meat and dairy to confectioneries.

The market for halal food is expanding in China, especially in areas where there are significant populations of Muslims, like Xinjiang and Ningxia. Market expansion is supported by the Chinese government as well - for example, encouraging halal certification standards.

The halal food sector is relatively mature in the UK, offering a wide range of products available through multiple established distribution channels. With a multicultural society and a significant number of Muslims in the UK, there is an increasing demand for halal-certified foods, resulting in an ever-growing market.

Indonesia as the country with the largest Muslim population in the world has a great potential market for halal food products. Consumer trust and demand for halal foods has increased even more with the introduction of mandatory halal labeling and certification regulation (2019).

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐚𝐜𝐜𝐞𝐬𝐬 𝐦𝐨𝐫𝐞 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬? 𝐓𝐡𝐞 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐬𝐭𝐚𝐫𝐭𝐬 𝐟𝐫𝐨𝐦 𝐫𝐞𝐪𝐮𝐞𝐬𝐭𝐢𝐧𝐠 𝐒𝐚𝐦𝐩𝐥𝐞 :https://www.maximizemarketresearch.com/request-sample/28343/

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐨𝐫 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

There are a few essential players in the halal food market attempting to increase the size of their market share with the utilization of various strategic efforts. Notable companies include:

𝐍𝐞𝐬𝐭𝐥é 𝐒.𝐀. - One of the biggest food and beverage companies in the world, Nestlé carries many halal approved products, offering range diversity.

𝐂𝐚𝐫𝐠𝐢𝐥𝐥𝐈𝐧𝐜 - Conglomerate with a wide array of offerings in agriculture and Halal meat and poultry

𝐁𝐑𝐅 𝐒.𝐀.: Based in Brazil and one of the biggest meat processing companies in the world, BRF sells halal meat products primarily to the Middle East and Asia.

𝐔𝐧𝐢𝐥𝐞𝐯𝐞𝐫: Unilever is a supplier of a diverse array of food products and has incorporated many halal-certified products to meet the demands of the many areas increasingly looking for such products.

𝐀𝐥 𝐈𝐬𝐥𝐚𝐦𝐢 𝐅𝐨𝐨𝐝𝐬: A leading player in the halal food sector, Al Islami Foods has a vocal presence in frozen foods with a large portfolio covering various types of halal certified frozen foods for consumers in the Middle East region and within and outside the sea.

The latest market trends are largely associated with the international companies launching halal products thanks to the spiritual interests of the consumers in the region. This has been coupled with the trend of growing demand for ready-to-eat and convenient halal food items, that can result in favorable market growth prospects as the market will be fueled by diversity of user preference catering to wider end user unit group.

𝐓𝐨 𝐆𝐚𝐢𝐧 𝐌𝐨𝐫𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐁𝐫𝐨𝐰𝐬𝐞 𝐒𝐮𝐦𝐦𝐚𝐫𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.maximizemarketresearch.com/market-report/global-halal-food-market/28343/

𝐂𝐨𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧

The halal food market worldwide is steadily growing due to changing demographics, level up of aggregate demand for safe food choice and ethical consumption, and diversification of product line by major players. Markets are constantly changing, and this creates opportunities to innovate

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐨𝐧 𝐎𝐮𝐫 𝐖𝐞𝐛𝐬𝐢𝐭𝐞 :

♦ Apple Cider Vinegar Market https://www.maximizemarketresearch.com/market-report/global-apple-cider-vinegar-market/98303/

♦ Breakfast Cereal Market https://www.maximizemarketresearch.com/market-report/global-breakfast-cereal-market/28323/

♦ Nuts Market https://www.maximizemarketresearch.com/market-report/nuts-market/187767/

♦ Gluten Free Food Market https://www.maximizemarketresearch.com/market-report/gluten-free-food-market/145990/

♦ Global Sugar Substitutes Market https://www.maximizemarketresearch.com/market-report/global-sugar-substitutes-market/98837/

♦ Fish Oil Market https://www.maximizemarketresearch.com/market-report/global-fish-oil-market/23589/

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