Halal Foods & Beverages Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Halal Foods and Beverages Market Analysis and it is segmented by Product Type (Halal Food, Halal Beverages, and Halal Supplements), by Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail Stores and Others), and by Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The market size and forecasts are provided in terms of value (USD million) for all the above segments.

Halal Foods & Beverages Market Size

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Halal Food & Beverage Market Size
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Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.60 %
Fastest Growing Market Asia Pacific
Largest Market Middle East and Africa
Market Concentration Low

Major Players

Halal Food & Beverage Market

*Disclaimer: Major Players sorted in no particular order

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Halal Foods & Beverages Market Analysis

The halal food and beverage market is projected to record a CAGR of 6.6% during the forecast period (2022-2027).

The global halal food & beverage market witnessed a small decline during the COVID-19 pandemic. The consumption of red meat declined substantially, which had an impact on halal meat as well. But the companies focused on the creation of new products to regain customer attention in the market. For instance, in 2020, Bilal Group introduced a new line of halal meat dishes under its brand, Cucina. This launch helped the company to expand its product portfolio and widen its reach in the market.

There is rising interest among consumers in consuming organic and natural food and beverage products, representing a strong adjacent market for halal food products to address. Halal beverages are expected to be increasingly available in western-style grocery stores, including supermarkets and hypermarket chains. In many countries, supermarkets and food producers have started reaching out to Muslim consumers by offering a wider selection of halal beverage products.

The market is projected to witness immense growth in the forecast period, owing to rising demand from both Muslim and Non-Muslim consumers. This is mainly due to the hygiene-related benefits of halal products, like being free from impurities, alcohol, and blood. Moreover, companies are increasingly complying with halal-based preparation as this certification provides both quality and taste level, thereby providing an edge in the marketplace.

Halal Foods & Beverages Market Trends

This section covers the major market trends shaping the Halal Food & Beverage Market according to our research experts:

Increasing Muslim Expatriate Population

The global Muslim population is increasing, and so is the demand for food products that are halal certified. The expenditure on food products from Muslim countries across the globe has registered substantial growth in the past couple of years, strongly accelerating the halal food and beverage products market. The halal food and beverage sector has grown globally in recent years. The number of Muslim expatriates has increased in recent years, which have led to a distributed demand for halal food and beverage from different parts of the world. According to the world population review, Indonesia catered to the highest Muslim population in 2021. Additionally, most Muslims demand halal certification to meet the increased need for quality assurance. Also, multinational food producers across the world continue to get the halal certification, indicating the sector's broader viability, from Haribo candy to Nestle, to Saudi Arabia's Savola Group. This helps the companies gain the concerned population's trust, leading to further market growth.

halal food & beverage

Middle-East and Africa Region Emerges as the Largest Market

The Middle-East and Africa region has the highest demand for halal products because of the larger Islamic population in the region altogether. Islam is the largest religion in Middle Eastern, and the Muslims prefer halal meat due to their Sharia law (rules and regulations followed by the Muslim community). According to the International Halal Accreditation Forum (IHAF), Kuwait is one of the top 10 countries which have a high Islamic Economy Score across the globe. Additionally, according to the forum, around 60% of the research conducted in the Kuwait Institute for Scientific Research caters to halal and its benefits. This further increases the demand for halal food and beverage in the region. Alongside, the government regulations in the region are increasing the requirement for halal certification in most of the products, which compels the companies to fulfill this in order to tap the market. For instance, in 2021, Saudi Arabia Food and Drug Authority (SFDA) extended the mandatory presence of halal certification from imported meat and meat-based products to all imported confectionery, long-shelf life products, frozen and chilled products, milk and dairy products, and fats and oils.

halal food and beverage

Halal Foods & Beverages Industry Overview

The global halal food and beverage market is highly competitive, with several players competing to get a major share in the market. The leading players like Nestlé SA, Al Islami Foods, BRF SA, and American Foods Group, LLC, among others in the market, have a wide geographic presence supported by brand loyalty among the consumers, which gives these companies an upper edge among their competitors. The major manufacturers are operating in the market, focusing on expanding their presence and developing various flavors in various product segments to cater to consumers' needs. Moreover, brand awareness among the consumers gives them a competitive advantage in the market. Alongside, these companies clearly mention halal certification's presence to gain consumers' trust.

Halal Foods & Beverages Market Leaders

  1. Nestlé SA

  2. Al Islami Foods

  3. BRF SA

  4. American Foods Group, LLC

  5. JBS SA

*Disclaimer: Major Players sorted in no particular order

Global Halal Food & Beverage Market_Market Concentration.PNG
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Halal Foods & Beverages Market News

In 2021, Crescent Foods, an American pioneer brand providing halal meat and poultry products, launched its new hand-cut halal service through a turnkey foodservice program with different colleges and universities in the United States.

In 2020, deenary.com, an online marketplace, was launched for halal products in Italy. This platform was the first of its kind for all European Muslims.

In 2020, Koita, the United Arab Emirates-based milk company, received halal certification for all its products from World Halal Authority (WHA), which helped it expand in the Asian market.

Halal Foods & Beverages Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Halal Food

      2. 5.1.2 Halal Beverages

      3. 5.1.3 Halal Supplements

    2. 5.2 By Distribution Channel

      1. 5.2.1 Supermarkets/Hypermarkets

      2. 5.2.2 Convenience Stores

      3. 5.2.3 Online Retail Stores

      4. 5.2.4 Other Distribution Channels

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 Spain

        4. 5.3.2.4 France

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Russia

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Indonesia

        6. 5.3.3.6 Malaysia

        7. 5.3.3.7 Singapore

        8. 5.3.3.8 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Egypt

        3. 5.3.5.3 Saudi Arabia

        4. 5.3.5.4 United Arab Emirates

        5. 5.3.5.5 Oman

        6. 5.3.5.6 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Nestle SA

      2. 6.4.2 JBS SA

      3. 6.4.3 BRF SA

      4. 6.4.4 Ferrero International SA

      5. 6.4.5 Midamar Corporation

      6. 6.4.6 Crescent Foods Inc.

      7. 6.4.7 VegaVites

      8. 6.4.8 American Halal Company Inc.

      9. 6.4.9 American Foods Group LLC

      10. 6.4.10 Al Islami Foods

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19 ON THE MARKET

**Subject to Availability
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Halal Foods & Beverages Industry Segmentation

Halal food and beverages constitute products prepared strictly by Islamic dietary law. The halal products are considered lawful and are hygienic as well.

The global halal food and beverage market is segmented by type, distribution channel, and geography. On the basis of type, the market is segmented into halal food, halal beverages, and halal supplements. Each of these products is made available to the customers through various distribution channels such as supermarkets/hypermarkets, convenience stores, online retail stores, and other distribution channels. Furthermore, the market is segmented based on geography as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).

By Type
Halal Food
Halal Beverages
Halal Supplements
By Distribution Channel
Supermarkets/Hypermarkets
Convenience Stores
Online Retail Stores
Other Distribution Channels
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
Spain
France
Italy
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Indonesia
Malaysia
Singapore
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Oman
Rest of Middle-East and Africa
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Halal Foods & Beverages Market Research FAQs

The Halal Food & Beverage Market is projected to register a CAGR of 6.60% during the forecast period (2024-2029)

Nestlé SA, Al Islami Foods, BRF SA, American Foods Group, LLC and JBS SA are the major companies operating in the Halal Food & Beverage Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Middle East and Africa accounts for the largest market share in Halal Food & Beverage Market.

The report covers the Halal Food & Beverage Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Halal Food & Beverage Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Halal Food & Beverage Industry Report

Statistics for the 2024 Halal Food & Beverage market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Halal Food & Beverage analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Halal Foods & Beverages Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)