Global Halal Market Growth 2023-2029

Global Halal 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 Industry Forecast” looks at past sales and reviews total world Halal sales in 2022, providing a comprehensive analysis by region and market sector of projected Halal sales for 2023 through 2029. With Halal sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Halal industry.

This Insight Report provides a comprehensive analysis of the global Halal 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 portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Halal market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Halal 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.

The global Halal market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

In Europe, Halal key players include Carrefour SA, Halal-ash, Nestle SA, Tesco plc, Casino, etc.

Russia is the largest market, with a share over 40%, followed by France and Germany, both have a share over 30%.

In terms of product, Fresh Products is the largest segment, with a share over 45%.

This report presents a comprehensive overview, market shares, and growth opportunities of Halal market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Fresh Products

Frozen Salty Products

Processed Products

Cereal and Cereal Product

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.

Tsaritsyno

Halal-ash

Ekol

Simons

Crown Chicken (Cranswick)

Shaheen Foods

Euro Foods Group

Eggelbusch

Cleone Foods

Reinert Group

Pure Ingredients

Reghalal

Tariq Halal

Casino

Tesco plc

Tahira Foods Ltd

Isla Delice

Nestlé SA

Carrefour SA

Key Questions Addressed in this Report

What is the 10-year outlook for the global Halal market?

What factors are driving Halal market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Halal market opportunities vary by end market size?

How does Halal 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.