Global Halal Food Market Size, Forecasts, And Opportunities – Includes Halal Food Market Demand
Learn about the global halal food market through The Business Research Company, which provides information on halal food market size, halal food market drivers and restraints, halal food market players, the COVID-19 impact on the halal food market, and more.
The global halal food market size is expected to grow from $1.13 trillion in 2021 to $1.29 trillion in 2022 at a compound annual growth rate (CAGR) of 13.8%. The global halal foods market size is expected to grow to $2.23 billion in 2026 at a CAGR of 14.6%.
The rising Muslim population across the world is significantly contributing to the growth of the halal food market.
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The halal food market consists of sales of halal food by entities (organizations, sole traders, and partnerships) that meet Islamic standards of food. Halal food is free from ingredients that Muslims are restricted to eat according to law or food that is processed manufactured or stored in vessels that are clean enough according to Islamic laws. Halal food is safer to eat, more ethical, less prone to meat contamination, and improves metabolism as this food is free of pork, alcohol/intoxicants, poisons, and unhygienic content.
Global Halal Food Market Segments Include:
By Product: Meat, Poultry, and Seafood, Fruits and Vegetables, Dairy Products, Cereals and Grains, Oil, Fats and Waxes, Confectionary
By Distribution Channel: Hypermarkets, Supermarkets, Online Stores, Specialty Stores
By Application: Restaurant, Hotel, Home, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific was the largest region in the halal food market in 2021.
Technological advancements in halal food items are key trends gaining popularity in the Halal market. With the increasing demand for halal foods, halal laboratories are actively engaged in the food safety, analysis of food products for maintaining quality standards to detect the presence of porcine material or alcohol, blockchain, and the Internet of things (IoT) are the technological advancements that strengthen the market.
TBRC’s halal food market report covers:
Major Market Players: Al Islami Foods, Al-Falah Frozen Foods, BRF, DagangHalal Sdn. Bhd., Midamar Halal, Prima Agri-Products, QL Foods Sdn. Bhd., Saffron Road Food, Tahira Foods Ltd., The American Halal Co. Inc., American Foods Group LLC, Beijing Shunxin Agriculture, and Jingyitai Halal Food.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Halal Food Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides halal food market overviews, analyzes and forecasts market size, share, halal food market players, halal food market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s halal food market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Here Is A List Of Similar Reports From The Business Research Company:
Meat, Poultry And Seafood Global Market Report 2022
Meat Products Global Market Report 2022
Seafood Global Market Report 2022
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