Halal Food Market, , By Product Type (Dairy Products, Meat Products, Grain Products, Vegan Products, and Others), By Distribution Channel (Hypermarkets, Supermarkets, Online Stores, Convenience Stores, Specialty Stores, and Others), and By Region (North A

Halal Food Market, , By Product Type (Dairy Products, Meat Products, Grain Products, Vegan Products, and Others), By Distribution Channel (Hypermarkets, Supermarkets, Online Stores, Convenience Stores, Specialty Stores, and Others), and By Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

Halal Foods are food items that are free from components that are prohibited for consuming by Muslim community, according to the Islamic law. These foods are prepared, processed, produced, made, manufactured, and stored in utensils and machinery that have cleaned according to laws of Islamic community. Global halal food market is driven by factors such as increasing Muslim population coupled with improvement in supply chain in the retail sector. Lack of global regulatory body for certification of halal food products is expected to restrain growth of the halal food market in the near future. New halal standards are being developed by the European Committee for Standardization (CEN) for halal-based products, so as to prevent individual member states from creating their own national halal standards.

Global halal food market is expanding rapidly, owing to rising Muslim population together with rising people who consume these food for non-religious reasons. The halal food market share in US is expected to increase to USD 9.82 billion from 2023 to 2030, and the market's growth momentum will accelerate at a CAGR of 6.14%.

Market Dynamics

In 2022, meat, poultry and seafood products segment accounted for the largest market share in the global halal food market. In 2022, the segment contributed for over 46.20% share in the market in terms of revenue. Increasing consumption of meat products across the globe is expected to drive demand for meat products across the globe.

Among region, in 2022, Asia Pacific held the dominant position in the global halal food market and contributed revenue share of around 56.0% in the global market. The market growth is driven by increasing population in the region coupled with rising consumption of halal food in ASEAN countries such as Malaysia, Indonesia, and others.

Key features of the study:

• This report provides in-depth analysis of global halal food market and provides market size (US$ Bn) and Compound Annual Growth Rate (CAGR %) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by key players
• It profiles key players in the global halal food market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include, Cargill Inc., Al Islami Foods, QL Resources Sdn Bhd, Haoyue Group, Kawan Food Berhad, BRF S.A., and Saffron Road Food.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
• Global halal food market report caters to various stakeholders in this industry including investors, suppliers, halal food manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global halal food market

Detailed Segmentation:

• Global Halal Food Market, By Product Type:
• Dairy Products
• Meat Products
• Grain Products
• Vegan Products
• Others
• Global Halal Food Market, By Distribution Channel:
• Hypermarkets
• Supermarkets
• Online Stores
• Convenience Stores
• Specialty Stores
• Others
• Global Halal Food Market, By Region:
• North America
• U.S.
• Canada
• Latin America
• Brazil
• Argentina
• Mexico
• Rest of Latin America
• Europe
• Germany
• U.K.
• Netherlands
• Spain
• Russia
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific
• Middle East
• GCC
• Israel
• Rest of Middle East
• Africa
• Northern Africa
• Central Africa
• South Africa
• Company Profiles
• Cargill Inc.*
• Company Overview
• Product Portfolio
• Financial Performance
• Key Strategies
• Recent Developments
• Future Plans
• Al Islami Foods
• QL Resources Sdn Bhd
• Haoyue Group
• Kawan Food Berhad
• BRF S.A.
• Saffron Road Food

“*” marked represents similar segmentation in other categories in the respective section.