Halal Food Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Product Type (Meat, Poultry, & Seafood, Dairy Products, Confectionery, Others), By Distribution Channel (Online, Offline), And By Geography - Forecasts From 2022 To 2027

The global halal food market is projected to grow at a CAGR of 6.61% during the forecast period, reaching US$2,271.690 billion in 2027 from US$1,450.986 billion in 2020.

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 lifestyles and increasing disposable incomes across the globe are factors driving 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 demands halal-certified food. The market is also rising due to an increase in the consumption of meat products. Halal beverages are increasingly made available in western-style grocery stores, including supermarkets and hypermarket chains. Manufacturers and retailers are using various marketing strategies like product innovation, product line expansion, and customization, to try to maintain the standard level of nutrient content and tastes. The companies are increasingly complying with halal-based preparation as this certification provides both quality and taste levels. Muslim and non-Muslim consumers prefer halal food as it provides assurance of food safety, hygiene, and reliability. According to Sri Mulyani Indrawati, Minister of Finance and Secretary of the National Committee of Islamic Economy and Finance (KNEKS), the halal industry can still perform well even during the Covid-19 pandemic. Global spending on halal products for food, pharmaceutical, cosmetic, fashion, and travel products reached USD 2.02 trillion in 2019, representing a 3.2% increase over the previous year. This demonstrates a bright future for halal products in Islamic markets.

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 increased 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 populations. 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, the Middle East, Africa, and the Asia Pacific. The report also analyses major countries across these regions with a complete analysis and forecast, along with prevailing market trends and opportunities that each of these countries presents for the manufacturers.

Recent development and expansions

• Crescent Foods, an American pioneer brand offering halal meat and poultry products, launched its new hand-cut halal service in August 2021 through a turnkey foodservice programme with various colleges and universities across the country.
• PT Unilever Indonesia, a consumer goods manufacturer, launched its Uniliver Muslim Center of Excellence in May 2021. (Uniliver MCOE). The MCOE will serve as a research hub for halal products and innovations that meet the needs of Muslim consumers in Indonesia and around the world. Indonesia, as the country with the world's largest Muslim population, has a high demand for halal products and innovations.
• The Malaysian government is prepared to assist Nigeria in the development of halal products based on locally produced agricultural commodities (Agri commodities) in order to expand the country's halal product market in October 2020. Food, logistics, fashion, cosmetics, Islamic banking, and supply chain are all part of Nigeria's expanding halal industry. Malaysia will collaborate with Nigeria to establish a halal business hub in the country to produce halal products, as well as halal food certification and halal food management. Because Muslims constitute half of Nigeria's population, the country bears responsibility for a large number of local halal consumers.
• Koita, a milk company based in the United Arab Emirates, received halal certification for all of its products from the World Halal Authority (WHA) in August 2020, allowing it to expand in the Asian market.
• Deenary, an online marketplace for halal products, was launched in Italy in February 2020. This was the first platform of its kind for all European Muslims. Deenary provides halal-oriented services and products to both Muslim consumers and retailers in the region. ANSA, the world's fifth-largest press agency, has already dubbed deenary.com "the Amazon of Muslims," and the main Italian financial newspaper, il Sole 24 Ore, has dubbed the Halal product marketplace "the Amazon of Muslims."

COVID-19 impact on the Halal Food Market

COVID-19 has had a direct impact on the global halal food market, causing supply chain and market disruption due to worldwide lockdowns and restrictions. During the pandemic, the manufacturing of halal foods was halted, as were many retail and offline stores. However, it is expected that the halal food industry will expand by huge leaps in the coming years.

Halal Food Market Scope:

Market Segmentation

• 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
    • Malaysia
    • India
    • Indonesia
    • Thailand
    • Taiwan
    • Others

Cargill, Incorporated

Al Islami Foods

QL Resources Sdn Bhd

Unilever

Nestlé

Danisco

Halal Fine Foods

American Foods Group, LLC

Tahira

Pacmoore Products Inc