South America Halal Food & Beverages Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.10 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South America Halal Food & Beverages Market Analysis
The South American market for halal food and beverages is projected to register a CAGR of 3.1% during the forecast period (2020 to 2025).
- The demand for halal certification has been driving the South American halal products market. The rise of the request for halal products is due to the new trend followed by consumers such that the halal certification helps in meeting the increased need for quality assurance, where food security issues are being faced by a lot of countries in this region, thus, driving the demand for the South American halal food.
- In emerging economies, such as Brazil, there has been an increasing interest in the consumption of organic and natural food products, which represents a strong adjacent market for halal food products to address. Halal food companies in South America have also been focusing on expanding its offering by developing flavors that suit a particular South American country cuisine, thus, increasing its reach in the other Latin American countries.
South America Halal Food & Beverages Market Trends
This section covers the major market trends shaping the South America Halal Food & Beverages Market according to our research experts:
Surge in Demand for Halal Certified Products
The halal market has witnessed a universal shift in the demand and supply chains of halal food products. They are increasingly made available in Western-style grocery stores, including supermarkets and hypermarket chains, which have been getting a strong presence in Brazil, where its economy has been emerging forward. In South America, supermarkets and food producers have been starting to reach out to Muslim and non-Muslim consumers by offering a wider selection of halal food products. As the dynamics within the Muslim world change and globalization trends continue to shape consumers' tastes, habits, and spending patterns across the world, the halal-based foods, and beverage acceptance are poised to grow in South America during the forecast period.
Brazil Dominates the Market
Brazil is one of the largest export markets of halal-certified food products around the world and is the third greatest exporter of Halal products in the world, just behind China and the United States. Halal food has been extended to non-Muslim economies, where Halal food has become the new benchmark as a safe and hygienic form of food for consumers looking for alternative healthy and high-quality products. The factors responsible for growth are new market entrants, established players making inroads abroad through franchising, and multinationals making major investments in Muslim-majority markets by anticipating demand.
South America Halal Food & Beverages Industry Overview
The South American halal food and beverage market is consolidated, and some of the key players in the market are BRF SA, Nestle SA, Cordeiro da Estância, and Maricopa Alimentos among others. The companies have been adopting various strategies, such as expansion, mergers, and acquisitions to cater to the larger audience, thus, meeting the growing demand.
South America Halal Food & Beverages Market Leaders
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The Egyptian Food Co. S.A.E
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BRF SA
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Nestle SA
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Cordeiro da Estância
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Maricota Alimentos
*Disclaimer: Major Players sorted in no particular order
South America Halal Food & 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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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 Type
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5.1.1 Halal Food
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5.1.1.1 Halal Meat
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5.1.1.2 Processed Meat
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5.1.1.3 Other Products
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5.1.2 Halal Beverage
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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 Hypermarket/ Supermarket
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5.2.2 Specialty Stores
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5.2.3 Convenience 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 South America
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5.3.1.1 Brazil
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5.3.1.2 Argentina
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5.3.1.3 Rest of South America
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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 Position Analysis
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6.4 Company Profiles
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6.4.1 Marfrig Global Foods
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6.4.2 Maricota Alimentos
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6.4.3 Cordeiro da Estância
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6.4.4 Nestle SA
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6.4.5 BRF SA
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6.4.6 The Egyptian Food Co. SAE
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South America Halal Food & Beverages Industry Segmentation
The South American market for halal food and beverages is segmented by product type that includes halal food, halal beverages, and halal supplements. The halal food section is further divided into meat, processed meat, and other products. Based on the distribution channel, the market is segmented into hypermarket/supermarket, specialty stores, convenience stores, and other distribution channels. The study also involves the analysis of regions, such as Brazil, Argentina, and Rest of South America.
| By Type | |||||
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| Halal Beverage | |||||
| Halal Supplements |
| By Distribution Channel | |
| Hypermarket/ Supermarket | |
| Specialty Stores | |
| Convenience Stores | |
| Other Distribution Channels |
| Geography | |||||
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South America Halal Food & Beverages Market Research FAQs
What is the current South America Halal Food & Beverages Market size?
The South America Halal Food & Beverages Market is projected to register a CAGR of 3.10% during the forecast period (2024-2029)
Who are the key players in South America Halal Food & Beverages Market?
The Egyptian Food Co. S.A.E, BRF SA, Nestle SA, Cordeiro da Estância and Maricota Alimentos are the major companies operating in the South America Halal Food & Beverages Market.
What years does this South America Halal Food & Beverages Market cover?
The report covers the South America Halal Food & Beverages Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Halal Food & Beverages Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Halal Food & Beverages Industry Report
Statistics for the 2024 South America Halal Food & Beverages market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Halal Food & Beverages analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
