APAC Halal Foods and Beverages Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
APAC Halal Foods and Beverages Market Analysis
The Asia-Pacific market for halal food and beverage is projected to register a CAGR of 5.5 %, during the forecast period (2020 to 2025).
- The rapid growth in the Islamic population and the awareness regarding halal food among the non-Muslim population are the major market drivers for the halal food and beverage market.
- The need for halal certifications by authorized bodies is strong and the certification requirements have contributed to an increase in the demand and the consumption of genuine halal food products.
- However, the production processes need to be upgraded in order to improve quality and satisfying the domestic demand and export requirements.
APAC Halal Foods and Beverages Market Trends
This section covers the major market trends shaping the APAC Halal Food & Beverages Market according to our research experts:
Increasing Demand for Halal Meat Products
The migration of people from Muslim-dominated nations to other regions is a part of the vital dynamics responsible for the significantly rising Muslim population in the Asia-Pacific region. With the increase in the number of Muslims, the demand for these types of food has also increased, and this trend is anticipated to continue over the forecast period, hence, driving the market in this region. Supporting religious obligations and preserving halal identity is not only confined to meat products, but it is also gradually expanding to cover services that are involved with halal meat and meat products. This is because the halal meat concept is no longer confined to food items, only as it also includes the notion of storage, handling, packaging, transportation, and delivery.
Indonesia is the Fastest Growing Market
Indonesia has the largest Muslim population in the world and spent an aggregate USD 218.8 billion across the Islamic economy sectors in 2017. The vendors operating in the APAC market are certified by halal certification organizations and these organizations operate under the Sharia law (rules and principles that a Muslim is required to follow). Indonesia is one of the major countries in the APAC region has the largest retail sales value of soft drinks with the halal label. The government has enforced new certification with BPJPH to provide convenience, security, safety, and certainty of the availability of the halal products for the public and increasing the added value for business operations in producing and selling halal products.
APAC Halal Foods and Beverages Industry Overview
The Asia-Pacific halal food and beverage market is highly fragmented, with several players competing to gain major shares in the market. The major manufacturers operating in the market are focusing on expanding their presence and developing various flavors in various product segments, along with partnerships and mergers and acquisitions, in order to cater to the needs of the consumers. The key players are Nestle SA, American Halal Company Inc., Prima Agri-Products, Pampanga's Best Inc., and Ecolite Biotech Manufacturing Sdn Bhd, among others.
APAC Halal Foods and Beverages Market Leaders
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Nestle SA
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Pampanga's Best, Inc.
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American Halal Company, Inc.
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Prima Agri-Products
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Ecolite Biotech Manufacturing Sdn Bhd
*Disclaimer: Major Players sorted in no particular order
APAC Halal Foods and Beverages Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions and Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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3.1 Market Overview
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product Type
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5.1.1 Halal Food
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5.1.1.1 Meat Products
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5.1.1.2 Bakery Products
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5.1.1.3 Dairy Products
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5.1.1.4 Confectionery
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5.1.1.5 Other Halal Foods
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5.1.2 Halal Beverages
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5.1.3 Halal Supplements
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5.2 By Distribution Channel
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5.2.1 Supermarkets/Hypermarkets
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5.2.2 Convenience Stores
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5.2.3 Specialty Stores
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5.2.4 Other Distribution Channels
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 Japan
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5.3.1.3 India
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5.3.1.4 Australia
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5.3.1.5 Indonesia
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5.3.1.6 Malaysia
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5.3.1.7 Singapore
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5.3.1.8 Rest of Asia-Pacific
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Nestle SA
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6.4.2 Pampanga's Best Inc.
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6.4.3 American Halal Company Inc.
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6.4.4 Prima Agri-Products
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6.4.5 Ecolite Biotech Manufacturing Sdn Bhd
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6.4.6 Noor Pharmaceuticals LLC
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
APAC Halal Foods and Beverages Industry Segmentation
The Asia-Pacific market for halal food and beverages is segmented by product type, into halal food, halal beverages, and halal supplements. The halal food section is further divided into meat products, bakery products, dairy products, confectionery and other halal foods. Based on the distribution channel, the market is segmented into hypermarkets/supermarkets, specialty stores, convenience stores, and other distribution channels. The study also involves the analysis of regions, such as China, Japan, India, Australia, Indonesia, Malaysia, Singapore, and the rest of Asia-Pacific.
| By Product Type | |||||||
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| Halal Beverages | |||||||
| Halal Supplements |
| By Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Convenience Stores | |
| Specialty Stores | |
| Other Distribution Channels |
| Geography | ||||||||||
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APAC Halal Foods and Beverages Market Research FAQs
What is the current Asia-Pacific Halal Food and Beverage Market size?
The Asia-Pacific Halal Food and Beverage Market is projected to register a CAGR of 5.5% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Halal Food and Beverage Market?
Nestle SA, Pampanga's Best, Inc., American Halal Company, Inc., Prima Agri-Products and Ecolite Biotech Manufacturing Sdn Bhd are the major companies operating in the Asia-Pacific Halal Food and Beverage Market.
What years does this Asia-Pacific Halal Food and Beverage Market cover?
The report covers the Asia-Pacific Halal Food and Beverage Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Halal Food and Beverage Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
APAC Halal Foods and Beverages Industry Report
Statistics for the 2024 APAC Halal Foods and Beverages market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. APAC Halal Foods and Beverages analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
