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Global Halal Food Market Size, Share, Opportunities And Trends By Product Type (Meat, Poultry, & Seafood, Dairy Products, Confectionery, Others), By Distribution Channel (Online, Offline) And By Geography - Forecasts From 2020 To 2025

Published: Mar 2020 | Report Code:  KSI061613160 | Pages:  119

Global halal food market is projected to grow at a CAGR of 5.94% during the forecast period, reaching US$2,047.163 billion in 2025 from US$1,448.094 billion in 2019. Halal is an Arabic term meaning “lawful” and halal food products must adhere to the standards. Any food or beverage products meeting Muslim standards are considered as halal. According to this law, alcohol, blood, pork, by-products, and blood, animals that are dead before slaughtering, and those not killed in the name of Allah are considered ‘Haram’ or impermissible for consumption. Halal animals undergo two health checks, as compared to the single inspection performed on other conventional animals. Halal certified food products include, halal foie grass, spring rolls, chicken nuggets, ravioli, lasagna, pizza, and baby food, A common example of non-halal food is pork. The demand for halal has been increasing due to the diverse tastes and interests of the Muslim population residing across the globe. Rising living standards, improved lifestyle and increasing disposable incomes across the globe is a factor for an increase in demand for halal foods.

Market Drivers

The halal food market is increasing due to the rapid increase in the Muslim population who demand halal certified food. The market is also rising due increase in the consumption of meat products. Halal beverages are increasingly made available in western-style grocery stores, including supermarket and hypermarket chains. Manufacturers and retailers are using various marketing strategies like product innovation, product line expansion, and customization, are trying to maintain the standard level of nutrient content and tastes. The company is increasingly complying with halal based preparation as this certification provides both quality and taste level. Muslims and Non-Muslims consumers prefer halal as it provides assurance of food safety, hygiene, and reliability.

By Geography Type

The global halal food market is growing significantly in North America and Europe due to changing lifestyles, increasing demand for value-added food products and increasing disposable income of people. The halal food market will also rise due to increasing per capita expenditure on food products and an increasing number of Muslim Population. The demand for halal food is high in Islamic countries like Saudi Arabia, the United Arab Emirates, Kuwait, Bahrain, Oman, and Qatar. Regionally the Halal market is classified into North America, South America, Europe, Middle East, and Africa, and the Asia Pacific The report also analyses major countries across these regions with complete analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.

Segmentation

Global halal food market is segmented by product type, distribution channel, and geography.

  • By Product Type
    • Meat, Poultry & Seafood
    • Dairy Products
    • Confectionary
    • Others
  • By Distribution Channel
    • Online
    • Offline
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • UAE
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Others

Frequently Asked Questions (FAQs)

Q1. What is the global halal food market size?
A1. The global halal food market was valued at US$1,448.094 billion in the year 2019.
 
Q2. What will be the global halal food market size by 2025?
A2. The global halal food market is expected to reach a market size of US$2,047.163 billion by 2025.
 
Q3. What are the growth prospects for the global halal food market?
A3. The global halal food market is expected to grow at a CAGR of 5.94% over the forecast period.
 
Q4. How is the global halal food market segmented?
A4. The global halal food market has been segmented by product type, distribution channel, and geography.
 
Q5. Which region holds the largest market share in the global halal food market?
A5. The global halal food market is growing significantly in North America and Europe due to changing lifestyles, increasing demand for value-added food products and increasing disposable income of people.
 

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