Who are the key players in Halal Food & Beverage Market?

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. Read More

Which is the fastest growing region in Halal Food & Beverage Market?

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

Which region has the biggest share in Halal Food & Beverage Market?

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

What years does this Halal Food & Beverage Market cover, and what was the market size in 2023?

In 2023, the Halal Food & Beverage Market size was estimated at USD 2.30 trillion. 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. Read More

Halal Food & Beverage Market Size

Market Size of Halal Food & Beverage Industry

Study Period	2019 - 2029
Market Size (2024)	USD 2.5 Trillion
Market Size (2029)	USD 3.70 Trillion
CAGR (2024 - 2029)	7.98 %
Fastest Growing Market	Asia Pacific
Largest Market	Middle East and Africa
Market Concentration	Low
Major Players *Disclaimer: Major Players sorted in no particular order

Halal Food & Beverage Market Analysis

The Halal Food & Beverage Market size is estimated at USD 2.5 trillion in 2024, and is expected to reach USD 3.70 trillion by 2029, growing at a CAGR of 7.98% during the forecast period (2024-2029).

The halal foods and beverages market is experiencing significant growth globally, driven by the rising demand for products that comply with Islamic dietary laws. Halal certification ensures that food and beverages are prepared according to strict religious guidelines, making them permissible for Muslims to consume. This market is expanding in predominantly Muslim countries and gaining traction in regions like North America and Europe, where an increasing number of consumers are seeking out halal-certified products for their perceived quality, ethical standards, and health benefits.

Companies across various sectors are recognizing the potential of the halal food and beverage market and are launching new ventures to tap into this lucrative segment. For instance, in October 2022, the Public Investment Fund (PIF) announced the launch of the Halal Products Development Company. This initiative aims to enhance the efficiency of the Saudi Arabian halal production industry, promote local innovation, and support global exports. Leveraging Saudi Arabia's significant position in the Islamic world, the company seeks to strengthen the local halal ecosystem. The Middle East is a significant producer and consumer of halal food, with countries investing in developing the sector to meet local and international demand.

Halal Food & Beverage Industry Segmentation

Halal food and beverages constitute products prepared strictly by Islamic dietary law. Halal products are considered lawful and hygienic. The halal foods and beverages market is segmented by type, distribution channel, and geography. By type, the market is segmented into halal food, halal beverages, and halal supplements. By distribution channel, the market is segmented into supermarkets and hypermarkets, convenience stores, online retail stores, and other distribution channels. Furthermore, by geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East and Africa. The market sizing has been done in value (USD) for all the abovementioned segments.

By Type
		Halal Food
		Halal Beverages
		Halal Supplements

By Distribution Channel
		Supermarkets and 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 Food & Beverage Market Size Summary

The halal food and beverage market is experiencing a resurgence following a slight decline during the COVID-19 pandemic, which notably affected the consumption of red meat. Companies have responded by innovating and expanding their product offerings, such as Bilal Group's introduction of new halal meat dishes. The market is poised for significant growth, driven by increasing consumer interest in organic and natural products, and the expanding availability of halal beverages in Western grocery stores. The demand for halal products is rising among both Muslim and non-Muslim consumers, attributed to the perceived hygiene benefits and quality assurance provided by halal certification. This trend is further bolstered by the growing global Muslim population and the increasing expenditure on halal products, particularly in regions with large Islamic communities.

The Middle East and Africa region leads in demand for halal products, supported by a substantial Islamic population and government regulations mandating halal certification. The competitive landscape of the global halal food and beverage market features major players like Nestl√© SA and Al Islami Foods, who leverage brand loyalty and geographic presence to maintain their market positions. These companies are focused on expanding their offerings and enhancing brand awareness to gain consumer trust. Recent developments, such as Crescent Foods' new halal service in the United States and the launch of deenary.com in Italy, highlight the market's dynamic nature and the ongoing efforts to cater to the needs of Muslim consumers worldwide.

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Halal Food & Beverage Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Market Drivers
  1. 1.1.1 Growing Muslim Population Supporting Demand
  2. 1.1.2 Halal Certification Introducing a New Consumer Base
2. 1.2 Market Restraints
  1. 1.2.1 Fraudulence Associated with Mislabeling Halal Meat Products
3. 1.3 Porter's Five Forces Analysis
  1. 1.3.1 Threat of New Entrants
  2. 1.3.2 Bargaining Power of Buyers/Consumers
  3. 1.3.3 Bargaining Power of Suppliers
  4. 1.3.4 Threat of Substitute Products
  5. 1.3.5 Intensity of Competitive Rivalry
2. MARKET SEGMENTATION
1. 2.1 By Type
  1. 2.1.1 Halal Food
  2. 2.1.2 Halal Beverages
  3. 2.1.3 Halal Supplements
2. 2.2 By Distribution Channel
  1. 2.2.1 Supermarkets and Hypermarkets
  2. 2.2.2 Convenience Stores
  3. 2.2.3 Online Retail Stores
  4. 2.2.4 Other Distribution Channels
3. 2.3 Geography
  1. 2.3.1 North America
    1. 2.3.1.1 United States
    2. 2.3.1.2 Canada
    3. 2.3.1.3 Mexico
    4. 2.3.1.4 Rest of North America
  2. 2.3.2 Europe
    1. 2.3.2.1 Germany
    2. 2.3.2.2 United Kingdom
    3. 2.3.2.3 Spain
    4. 2.3.2.4 France
    5. 2.3.2.5 Italy
    6. 2.3.2.6 Russia
    7. 2.3.2.7 Rest of Europe
  3. 2.3.3 Asia-Pacific
    1. 2.3.3.1 China
    2. 2.3.3.2 Japan
    3. 2.3.3.3 India
    4. 2.3.3.4 Australia
    5. 2.3.3.5 Indonesia
    6. 2.3.3.6 Malaysia
    7. 2.3.3.7 Singapore
    8. 2.3.3.8 Rest of Asia-Pacific
  4. 2.3.4 South America
    1. 2.3.4.1 Brazil
    2. 2.3.4.2 Argentina
    3. 2.3.4.3 Rest of South America
  5. 2.3.5 Middle East and Africa
    1. 2.3.5.1 South Africa
    2. 2.3.5.2 Egypt
    3. 2.3.5.3 Saudi Arabia
    4. 2.3.5.4 United Arab Emirates
    5. 2.3.5.5 Oman
    6. 2.3.5.6 Rest of Middle East and Africa