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According to Cognitive Market Research, the global Halal Food Market size will be USD 2548468.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.90% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 1019387.4 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.1% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 764540.5 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 586147.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.9% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 127423.43 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.3% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 50969.37 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.6% from 2024 to 2031.
Meat, Poultry, and Seafood held the highest Halal Food Market revenue share in 2024.
Market Dynamics of Halal Food Market
Key Drivers for Halal Food Market
Growing Multiculturalism, Globalization, and Consumer Awareness to Increase the Demand Globally
The growing demand for high-quality, ethically sourced products is being driven by customers who are becoming more health-conscious and demanding transparent food production procedures. Halal-certified food products lend support to this approach because they are produced in accordance with stringent quality standards and requirements. Furthermore, the emergence of globalization and multiculturalism is increasing the availability and accessibility of halal food items. Additionally, the market is expanding due to consumers' growing reliance on e-commerce platforms as these platforms make it easier for customers to buy halal-certified food products online.
Growing Concern About Health and Safety to Propel Market Growth
The growing health consciousness of the general public fuels the need for nutritious, sustainably produced, and ethically sourced food products. In order to meet this criteria, halal food is manufactured through stringent quality control and hygiene protocols. This is also leading people who are searching for sanitary and nourishing food options to adopt halal cuisine. These eating patterns indicate a growing number of health-conscious individuals, focused on sustainability, and mindful consumerism, and who want to make informed choices about their nutrition and overall well-being. These factors are propelling the market growth.
Restraint Factor for the Halal Food Market
Lack of Standardization to Limit the Sales
The absence of standards and guidelines in the certification process is one of the main issues facing the global halal food sector. The various halal certification processes used by different nations often need to be clarified and hinder companies' efforts to enter new markets. Certain nations frequently mandate specific slaughter techniques, while other countries have more regulations for handling and processing halal goods. Furthermore, there is a lack of clarity related to the ingredients used to make halal food, which further impedes market expansion. For example, it is not always clear which ingredients are halal and which aren't. This causes disputes between producers and customers and results in the inclusion of non-halal components in halal food items.
Impact of Covid-19 on the Halal Food Market
The COVID-19 pandemic's disruption of the food supply chain had an adverse impact on the global halal food market. Leading producers experienced labor shortages and disruptions in the halal food import and export market, which had a substantial impact on the food's suitability for consumption and sales. Concerns about safety and cleanliness during the epidemic also contributed to a decline in the market's demand for beef products. Moreover, COVID-19 has also had an impact on restaurant and food outlet closures. The pandemic caused eateries and food outlets to close, which significantly reduced the demand for halal food items in the food service industry. Furthermore, some of the losses were reduced by the retail industry's growin...
US Halal Food Market Size 2025-2029
The US halal food market size is forecast to increase by USD 21.63 billion at a CAGR of 9% between 2024 and 2029.
The Halal food market in the US is experiencing significant growth, driven by the increasing demand for healthy and convenient food options. This trend is particularly prominent among the large and growing Muslim population in the country, as well as among consumers seeking healthier alternatives. However, the market faces competition from the established and sizeable kosher food industry. The convenience factor is a key driver for the halal food market, with ready-to-eat and ready-to-cook products gaining popularity. The market is also witnessing innovation in product offerings, such as plant-based and organic Halal food options, catering to diverse consumer preferences.
Companies seeking to capitalize on this market opportunity should focus on product innovation, meeting the convenience demand, and effective marketing to reach the target audience. Navigating competition from the established kosher food industry and ensuring authenticity and transparency in Halal certification processes are key challenges that require strategic planning and execution.
What will be the size of the US Halal Food Market during the forecast period?
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The Halal food market in the US encompasses a diverse range of meat and non-meat products adhering to Islamic dietary laws. This market exhibits growth, driven by the expanding Muslim population and increasing demand from non-Muslim consumers intrigued by the health and ethical aspects of Halal food. Halal meat, a significant segment, is sourced from animals slaughtered according to specific religious procedures. Hypermarkets and supermarkets dominate the distribution landscape, while online channels are gaining traction. Halal food manufacturers prioritize food safety, investing in advanced technologies like AI and automation from companies such as Fluree PBC and Sinisana Technologies. The market's expansion is not limited to meat products; Halal food products now include beverages, baked goods, and processed items.
Despite the economic slowdown, the Halal food industry remains a vibrant and dynamic sector, catering to the diverse needs and preferences of consumers. The global Muslim population is projected to reach 2.7 billion by 2030, further fueling market growth. Coffee operators and other foodservice providers are also integrating Halal offerings into their menus to cater to this growing consumer base. Raw materials, such as porcine material, are excluded from Halal production, ensuring compliance with religious guidelines.
How is this market segmented?
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Distribution Channel
Offline
Online
Application
Halal MP and S
Halal cereals and grains
Halal FV and N
Halal beverages
Others
End-user
Retail
Foodservice
Product Type
Meat, Poultry, and Seafood
Dairy Products
Cereals and Grains
Fruits, Vegetables, and Nuts
Beverages
Others
Certification
Halal-Certified
Non-Certified
Geography
US
By Distribution Channel Insights
The offline segment is estimated to witness significant growth during the forecast period. Halal food products have experienced sustained growth in the US market, driven by the increasing consumer base and the multicultural nature of the population. Supermarkets and hypermarkets serve as significant distribution channels for these products, with many retailers sourcing halal meat from traditional markets and local butchers. Strict adherence to halal dietary requirements, including the avoidance of porcine material, is ensured during the slaughtering and processing stages. Certification services play a crucial role in the halal food market, providing assurance to consumers about the authenticity and compliance of products with Islamic laws. Multinational food conglomerates, such as Fluree PBC and Sinisana Technologies, have entered the market, offering a wide range of halal food products, including meat, dairy, cereals and grains, fruits and vegetables, and processed foods.
The economic slowdown has not deterred the growth of this market, as consumer awareness of food safety and the health benefits of halal products continues to rise. Halal laboratories and online distribution channels have also emerged to cater to the increasing demand for these products. The future outlook for the halal food market is promising, with the global Muslim population projected to reach 2.2 billion by 2030.
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The Offline segment was valued at USD 28.58 billion in 2019 and s
According to our latest research, the global Halal Food market size reached USD 2.35 trillion in 2024, demonstrating robust growth driven by increasing demand among Muslim and non-Muslim populations worldwide. The market is projected to expand at a CAGR of 7.3% from 2025 to 2033, reaching a forecasted value of USD 4.44 trillion by 2033. This remarkable growth is primarily fueled by rising consumer awareness regarding food safety and hygiene, the expanding Muslim population, and the increasing acceptance of halal-certified products across diverse regions and demographics.
The growth of the Halal Food market is underpinned by several pivotal factors, with the foremost being the expanding global Muslim population, which is expected to surpass 2.2 billion by 2030. This demographic shift is exerting a profound influence on food consumption patterns, as halal food is a religious and cultural necessity for Muslims. Furthermore, the increasing urbanization and rising disposable incomes in key markets such as Southeast Asia, the Middle East, and parts of Africa are leading to a surge in demand for premium and processed halal food products. Simultaneously, the penetration of halal food into non-Muslim markets, driven by perceptions of superior quality, ethical sourcing, and stringent hygiene standards, is broadening the consumer base and propelling market growth.
Another significant growth driver is the rapid globalization of the food industry, which has facilitated the cross-border movement of halal products. Multinational food manufacturers and retailers are actively seeking halal certification to tap into lucrative markets, particularly in countries with large Muslim populations. Technological advancements in food processing and supply chain management have also enabled producers to maintain halal integrity throughout the production and distribution processes. Additionally, government initiatives and supportive regulatory frameworks in countries such as Malaysia, Indonesia, and the United Arab Emirates are fostering a conducive environment for halal food industry growth, enhancing consumer trust and encouraging new market entrants.
The proliferation of e-commerce and digital platforms has further accelerated the expansion of the Halal Food market. Consumers now have greater access to a wide array of halal products, with online retail channels offering convenience, variety, and competitive pricing. This digital transformation is particularly evident among younger consumers who value transparency, product authenticity, and ease of purchase. Moreover, the COVID-19 pandemic has heightened consumer awareness regarding food safety and traceability, prompting both manufacturers and retailers to adopt advanced technologies such as blockchain for halal certification verification. These trends are expected to continue shaping the market landscape over the forecast period, driving sustained growth and innovation.
From a regional perspective, Asia Pacific remains the dominant market for halal food, accounting for the largest share in 2024, followed closely by the Middle East & Africa. The region's dominance is attributed to its substantial Muslim population, strong government support, and the presence of established halal food supply chains. North America and Europe are also witnessing significant growth, owing to rising multiculturalism, increasing Muslim migration, and the growing popularity of halal-certified products among health-conscious consumers. Latin America, while representing a smaller share, is emerging as a promising market due to rising awareness and the gradual expansion of halal certification infrastructure.
The Product Type segment in the Halal Food market encompasses a diverse range of offerings, including Meat & Poultry, Dairy Products, Grain Products, Fruits & Vegetables, Beverages, and Others. Among these, Meat & Poultry holds the largest market share,
As of 2019, traditional retailers lead the global halal food market with over ** percent. By 2028 this will only increase slightly to **** percent. Within the overall halal consumer market, food and beverages are the leading sector with global spending value of over **** billion U.S. dollars worldwide. which will increase to **** billion by 2024.
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Halal Food Market expected to hit USD 6,817.18 billion by 2034, showing growth at 9.4% CAGR
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The global halal food market is expected to grow from USD 1.5 trillion in 2025 to USD 3.8 trillion by 2035, reflecting a CAGR of 9.7%. The market is witnessing strong global growth, driven by increasing demand for clean-label, ethically produced, and hygienically processed food products.
Metric | Value |
---|---|
Industry Size (2025E) | USD 1.5 trillion |
Industry Value (2035F) | USD 3.8 trillion |
CAGR (2025 to 2035) | 9.7% |
Country-Wise Outlook
Country | CAGR (2025 to 2035) |
---|---|
USA | 8.9% |
Country | CAGR (2025 to 2035) |
---|---|
UK | 9.0% |
Region | CAGR (2025 to 2035) |
---|---|
European Union | 9.3% |
Country | CAGR (2025 to 2035) |
---|---|
Japan | 8.7% |
Country | CAGR (2025 to 2035) |
---|---|
South Korea | 9.7% |
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Halal Food Market size is expected to be worth around USD 3739 billion by 2033, from USD 1305 billion in 2023, at CAGR of 11.1%
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The Halal Foods & Beverages Market report segments the industry into By Type (Halal Food, Halal Beverages, Halal Supplements), By Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail Stores, Other Distribution Channels), and Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa). Get five years of historical data and forecasts.
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The Halal Food Market valued at USD 2,545.9 Billion in 2023, projected to reach USD 5,243 Billion by 2030, growing at a 9.6% CAGR during the forecast period 2025-30.
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Global Halal Food market size is expected to reach $3301.9 billion by 2029 at 13.4%, segmented as by product, meat, poultry, and seafood, fruits and vegetables, dairy products, cereals and grains, oil, fats and waxes, confectionary
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The global halal food market size was more than USD 2.64 trillion in 2024 and is anticipated to grow at a CAGR of more than 10.5%, reaching USD 9.67 trillion revenue by 2037. Meat segment is likely to dominate 65% share by 2037, fueled by increasing consumer demand for bacteria-free halal meat.
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The report covers Halal Food Brands & Companies in NA and is Segmented by Product Type (Halal Food (Meat, Dairy, Bakery, Confectionery, and Other Halal Foods), Halal Beverages, and Halal Supplements), Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Convenience/Grocery Stores, and Other Distribution Channels), and Geography (United States, Canada, Mexico and Rest of North America).
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According to Cognitive Market Research, the global Halal Product market size will be USD 785484.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.50% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 314193.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 235645.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 180661.44 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 39274.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 15709.69 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
The Food and beverages is the fastest growing segment of the Halal Product industry
Market Dynamics of Halal Product Market
Key Drivers for Halal Product Market
Growing Muslim Population to Boost Market Growth
The international Muslim population is expanding unexpectedly, pushed via excessive beginning quotes and a steady fee of religious conversions. As this population grows, so does the demand for halal product, which adheres to Islamic nutritional and lifestyle lifestyle requirements. Halal products now embody a huge variety of industries, including food, cosmetics, prescription drugs, and finance. This surge in demand is creating vast possibilities for businesses to cater to this expanding market. With Muslim groups turning into extra outstanding throughout diverse areas, the halal industry is expected to keep its upward trajectory, presenting a broader array of services and products internationally.
Rising Disposable Income to Drive Market Growth
As the worldwide financial system expands, Muslim consumers are experiencing rising disposable earnings, which is fueling improved spending on halal products across numerous sectors. With better shopping power, Muslim purchasers are seeking halal-certified food, cosmetics, prescribed drugs, and even services that align with their religious values. This shift is using a call for top-class halal offerings, as clients prioritize nice and ethical standards. The upward thrust in disposable earnings is also encouraging organizations to innovate and diversify their halal product levels, tapping into this developing marketplace. Consequently, the halal industry is poised for a significant boom, pushed by means of monetary prosperity and nonsecular adherence.
Restraint Factor for the Halal Product Market
Lack of Standardization, will Limit Market Growth
The halal product marketplace faces a big assignment because of the absence need of more standardization in halal certification methods. Different countries and certification bodies have varying standards for what qualifies as halal, which could be more consistent and clear for each client and group. This fragmentation makes it tough for consumers to trust the authenticity of halal labels and for businesses to navigate more than one certification requirement while increasing globally. As a result, there is a growing call for a unified halal fashionable to ensure clarity, consideration, and consistency, which could benefit clients and agencies alike inside the expanding halal market.
Impact of Covid-19 on the Halal Product Market
The COVID-19 pandemic considerably impacted the halal product market, disrupting international supply chains and causing logistical challenges, particularly for halal-licensed items. Travel restrictions and lockdowns affected the manufacturing and distribution of halal food, cosmetics, and pharmaceuticals, main to delays and shortages. However, the pandemic also expanded the shift towards online retail, with purchasers increasingly purchasing halal products via e-commerce systems. Additionally, heightened health concerns boosted the call for halal product because of their perceived cleanliness and ethical production requirements. As the marketplace tailored to the new regular, virtual transformation and increas...
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The Japan halal food market size reached USD 160.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 323.6 Billion by 2033, exhibiting a growth rate (CAGR) of 8.1% during 2025-2033. The increasing product adoption in the hospitality and food service industry, the rising acceptance and understanding of diverse cultures and religions in Japan, and the implementation of clearer food labeling regulations for halal products are some of the factors propelling the market.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024
|
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024
| USD 160.5 Billion |
Market Forecast in 2033
| USD 323.6 Billion |
Market Growth Rate 2025-2033 | 8.1% |
IMARC Group provides an analysis of the key trends in each segment of the Japan halal food market report, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on product and distribution channel.
Halal Food Market Size 2025-2029
The halal food market size is forecast to increase by USD 355 billion, at a CAGR of 3.6% between 2024 and 2029.
The market exhibits significant growth, driven by increasing consumer expenditure on halal food and the expansion of the organized retail sector. However, challenges persist, including the threat of counterfeit halal food and food scams. This trend is particularly relevant to various sectors such as dairy food, pork-free alternatives, cosmetic products, waxes, seafood, fruits and vegetables, and confectionery. Consumers' growing awareness and demand for authentic halal products necessitate stringent regulations and certification processes. This market analysis report provides a comprehensive evaluation of these factors and their impact on the halal food industry.
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The market, a significant segment of the global food industry, caters to consumers adhering to Islamic dietary laws. These laws prohibit the consumption of pork and alcohol, as well as foods contaminated with non-permissible substances. The market's growth is driven by the increasing global Muslim population and the rising demand for certified Halal products. Halal certification, ensuring compliance with Islamic law, is a critical factor influencing consumer purchasing decisions. Manufacturers produce a diverse range of products, including fruits and vegetables, dairy products, cereals and grains, confectionery, and meat.
Traditional retailers, supermarkets and hypermarkets, and online retailers play crucial roles in the food supply chain, catering to the evolving preferences of Muslim buyers. The industry encompasses various sectors, including meat sales and grocery stores. Innovation continues to shape the market, with the introduction of plant-based alternatives, such as sunflower protein burgers, gaining popularity among consumers seeking ethical and sustainable food options. The market's future direction reflects the ongoing trend towards cleanliness, transparency, and convenience, as well as the growing demand for Halal-certified products in various food categories.
How is this Halal Food Industry segmented and which is the largest segment?
The report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Product
Halal MPS
Halal BCC
Halal FVN
Halal beverages
Others
Distribution Channel
Offline
Online
Type
Organic
Inorganic
Geography
APAC
China
India
Japan
South Korea
Middle East and Africa
South Africa
Egypt
Nigeria
Europe
South America
North America
By Product Insights
The halal MPS segment is estimated to witness significant growth during the forecast period.
The market encompasses a range of food products that adhere to Islamic dietary laws, primarily consisting of beef, lamb, goat, chicken, Turkey, and fish. This market can be segmented into fresh halal meat, poultry, and seafood (MPS); minimally processed halal MPS; and heavily processed halal MPS. Minimally processed halal MPS products maintain their natural characteristics, free from artificial additives or color. Heavily processed halal MPS include halal sausages, salami, corned beef, canned meat, poultry, and seafood, and frozen meat, poultry, and seafood. Halal certification ensures compliance with Islamic law, prohibiting the consumption of pork, alcohol, and non-permissible foods. Food manufacturers prioritize cleanliness, impurities, quality, and taste level to cater to Muslim buyers.
Halal certification is essential for meat, poultry, and seafood, as well as dairy products, cereals and grains, confectionery, and traditional retailers. Supermarkets and hypermarkets, online retailers, and food supply chain players offer a wide range of halal-certified products. Halal cuisine is a significant part of religious identity, emphasizing meals safety, hygiene, reliability, and nutritional benefits. Products include own-brand halal-ready meals, chicken arrabbiata, chicken hotpot, chicken jalfrezi, and chicken tikka masala, as well as meat and plant-based alternatives, such as sunflower protein, fava beans, and peas.
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The halal MPS segment was valued at USD 414.60 billion in 2019 and showed a gradual increase during the forecast period.
Regional Analysis
APAC is estimated to contribute 51% to the growth of the global market during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
For more insights on the market size o
This statistic shows the forecasted market revenue of halal food worldwide from 2018 to 2027. In 2018, the market revenue of global halal food amounted to approximately 715 trillion U.S. dollars and is forecasted to increase to 2.04 trillion dollars by 2027.
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The global halal food and beverage market size was valued at approximately USD 1.9 trillion in 2023 and is projected to reach around USD 3.5 trillion by 2032, growing at a compound annual growth rate (CAGR) of 6.8%. The market's growth is driven by increasing Muslim populations, rising awareness about halal certification, and expanding market opportunities in non-Muslim-majority countries. This substantial growth is attributed to several factors including rising disposable incomes in emerging markets, increasing consumer demand for high-quality and safe food products, and greater awareness regarding the health benefits of halal-certified foods.
One of the primary growth factors for the halal food and beverage market is the expanding Muslim population worldwide, which is anticipated to reach 2.2 billion by 2030. This demographic shift has created a substantial and continually growing demand for halal products. Additionally, increased awareness about halal certification among non-Muslim consumers, who perceive halal food as a guarantee of safety and hygiene, has bolstered market growth. Furthermore, marketing campaigns and educational efforts have played a significant role in spreading knowledge about halal standards and their benefits, thereby driving consumer preference towards halal-certified products.
Another critical growth driver is the rise in disposable incomes in several major emerging markets, particularly in countries with significant Muslim populations such as Indonesia, Malaysia, India, and Pakistan. As incomes rise, consumers have more financial means to spend on premium and specialty food products, including halal-certified items. This shift in consumer spending behavior is further supported by urbanization and changing lifestyles, which lead to increased demand for convenient and packaged halal food items. The growing influence of social media and e-commerce platforms has also facilitated easier access to a variety of halal food products, further accelerating market expansion.
The increasing inclination of the global food and beverage industry towards ethical and sustainable practices has also contributed to the growth of the halal food and beverage market. Halal certification often encompasses stringent guidelines for livestock handling, slaughtering processes, and overall food safety, which align with the broader consumer trend towards more ethical and transparent food sourcing. As consumers become more health-conscious and environmentally aware, the demand for food products that adhere to high ethical standards continues to rise, benefiting the halal food and beverage sector.
In parallel to the halal food market, the Kosher Food Sales sector is experiencing notable growth, driven by increasing consumer demand for products that meet specific dietary laws and ethical standards. Kosher certification, much like halal, assures consumers of the quality and safety of food products, appealing to both Jewish and non-Jewish consumers who value these standards. The rise in health-conscious eating and the demand for transparency in food sourcing have further propelled the popularity of kosher foods. Additionally, the global expansion of kosher-certified products has been supported by the growing interest in ethnic and specialty foods, which cater to a diverse consumer base seeking unique and culturally significant culinary experiences.
Regionally, the Asia Pacific region dominates the halal food and beverage market due to its large Muslim population and rapidly growing economies. Countries like Indonesia, Malaysia, and Singapore are key markets within this region. The Middle East and Africa also hold significant market shares, driven by religious adherence and growing food service industries. North America and Europe, although hosting smaller Muslim populations, are seeing increasing market penetration due to rising awareness and demand for halal-certified products among both Muslims and health-conscious non-Muslim consumers.
The halal food and beverage market is segmented by product type into meat and alternatives, dairy products, beverages, confectionery, and others. The meat and alternatives segment, which includes halal-certified poultry, beef, lamb, and plant-based meat alternatives, holds the largest market share. This dominance is primarily due to the central role that meat plays in Muslim diets and the stringent religious requirements for meat processing and certif
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The global halal food market attained a value of USD 2.23 Trillion in 2024. The industry is expected to grow at a CAGR of 16.50% during the forecast period of 2025-2034 to attain a value of USD 10.27 Trillion by 2034.
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Global Halal Meat Market is projected to reach USD 1,779.2 Billion by 2034, with an 8.6% CAGR from 2025 to 2034.
As of 2021, the leading halal sector was Islamic finance with a market share 51.6 percent. it was followed by the halal food sector, which accounted for 31.46 percent of the total global halal market.
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According to Cognitive Market Research, the global Halal Food Market size will be USD 2548468.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.90% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 1019387.4 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.1% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 764540.5 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 586147.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.9% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 127423.43 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.3% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 50969.37 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.6% from 2024 to 2031.
Meat, Poultry, and Seafood held the highest Halal Food Market revenue share in 2024.
Market Dynamics of Halal Food Market
Key Drivers for Halal Food Market
Growing Multiculturalism, Globalization, and Consumer Awareness to Increase the Demand Globally
The growing demand for high-quality, ethically sourced products is being driven by customers who are becoming more health-conscious and demanding transparent food production procedures. Halal-certified food products lend support to this approach because they are produced in accordance with stringent quality standards and requirements. Furthermore, the emergence of globalization and multiculturalism is increasing the availability and accessibility of halal food items. Additionally, the market is expanding due to consumers' growing reliance on e-commerce platforms as these platforms make it easier for customers to buy halal-certified food products online.
Growing Concern About Health and Safety to Propel Market Growth
The growing health consciousness of the general public fuels the need for nutritious, sustainably produced, and ethically sourced food products. In order to meet this criteria, halal food is manufactured through stringent quality control and hygiene protocols. This is also leading people who are searching for sanitary and nourishing food options to adopt halal cuisine. These eating patterns indicate a growing number of health-conscious individuals, focused on sustainability, and mindful consumerism, and who want to make informed choices about their nutrition and overall well-being. These factors are propelling the market growth.
Restraint Factor for the Halal Food Market
Lack of Standardization to Limit the Sales
The absence of standards and guidelines in the certification process is one of the main issues facing the global halal food sector. The various halal certification processes used by different nations often need to be clarified and hinder companies' efforts to enter new markets. Certain nations frequently mandate specific slaughter techniques, while other countries have more regulations for handling and processing halal goods. Furthermore, there is a lack of clarity related to the ingredients used to make halal food, which further impedes market expansion. For example, it is not always clear which ingredients are halal and which aren't. This causes disputes between producers and customers and results in the inclusion of non-halal components in halal food items.
Impact of Covid-19 on the Halal Food Market
The COVID-19 pandemic's disruption of the food supply chain had an adverse impact on the global halal food market. Leading producers experienced labor shortages and disruptions in the halal food import and export market, which had a substantial impact on the food's suitability for consumption and sales. Concerns about safety and cleanliness during the epidemic also contributed to a decline in the market's demand for beef products. Moreover, COVID-19 has also had an impact on restaurant and food outlet closures. The pandemic caused eateries and food outlets to close, which significantly reduced the demand for halal food items in the food service industry. Furthermore, some of the losses were reduced by the retail industry's growin...