Global Halal Food Market Growth 2023-2029

Global Halal Food Market Growth 2023-2029

The Arabic word for “permitted.” Halal is commonly seen as “Halal” which means food that is permitted under Islamic guidelines as found in the Qu’ran Most food and drinks are considered Halal unless they are clearly stated as forbidden in the Qur’an (holy book of Islam) and hadith (prophetic traditions).

The halal industry is based on a belief that Muslims should eat food and use goods such as cosmetics that are "halalan toyibban", which means permissible and wholesome. In fact, the halal market is non-exclusive to Muslims, and has gained increasing acceptance among non- Muslim consumers who associate halal with ethical consumerism.

Actually, the halal industry has now expanded beyond the food sector to include pharmaceuticals, cosmetics, health products, toiletries and medical devices as well as service sector components such as logistics, marketing, print and electronic media, packaging, branding, and financing. In addition, the halal food marketplace is emerging as one of the most profitable and influential market arenas in the world food business today.
LPI (LP Information)' newest research report, the “Halal Food Industry Forecast” looks at past sales and reviews total world Halal Food sales in 2022, providing a comprehensive analysis by region and market sector of projected Halal Food sales for 2023 through 2029. With Halal Food sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Halal Food industry.
This Insight Report provides a comprehensive analysis of the global Halal Food landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Halal Food portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Halal Food market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Halal Food and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Halal Food.
The global Halal Food market size is projected to grow from US$ 1422690 million in 2022 to US$ 1930990 million in 2029; it is expected to grow at a CAGR of 1930990 from 2023 to 2029.
The major players in global Halal Food market include Nestle, Allanasons Pvt, BRF, Midamar, etc., and the market concentration rate is low, the top 3 players occupy about 1% shares of the global market. East Asia and Middle East & North Africa are main markets, they occupy about 55% of the global market. Fresh Products is the main type, with a share about 45%. Restaurant and Home are the main applications.
This report presents a comprehensive overview, market shares, and growth opportunities of Halal Food market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Fresh Products
Frozen Salty Products
Processed Products
Others
Segmentation by application
Restaurant
Hotel
Home
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Nestle
Cargill
Nema Food Company
Midamar
Namet Gida
Banvit Meat and Poultry
Carrefour
Isla Delice
Casino
Tesco
Halal-ash
Al Islami Foods
BRF
Unilever
Kawan Foods
QL Foods
Ramly Food Processing
China Haoyue Group
Arman Group
Hebei Kangyuan Islamic Food
Tangshan Falide Muslim Food
Allanasons Pvt
Key Questions Addressed in this Report
What is the 10-year outlook for the global Halal Food market?
What factors are driving Halal Food market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Halal Food market opportunities vary by end market size?
How does Halal Food break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.