Islam is the major religion in many African countries, especially in the north of the continent. In Comoros, Libya, Western Sahara, at least 99 percent of the population was Muslim as of 202. These were the highest percentages on the continent. However, also in many other African nations, the majority of the population was Muslim. In Egypt, for instance, Islam was the religion of 79 percent of the people. Islam and other religions in Africa Africa accounts for an important share of the world’s Muslim population. As of 2019, 16 percent of the Muslims worldwide lived in Sub-Saharan Africa, while 20 percent of them lived in the Middle East and North Africa (MENA) region. Together with Christianity, Islam is the most common religious affiliation in Africa, followed by several traditional African religions. Although to a smaller extent, numerous other religions are practiced on the continent: these include Judaism, the Baha’i Faith, Hinduism, and Buddhism. Number of Muslims worldwide Islam is one of the most widespread religions in the world. There are approximately 1.9 billion Muslims globally, with the largest Muslim communities living in the Asia-Pacific region. Specifically, Indonesia hosts the highest number of Muslims worldwide, amounting to over 200 million, followed by India, Pakistan, and Bangladesh. Islam is also present in Europe and America. The largest Islamic communities in Europe are in France (5.72 million), Germany (4.95 million), and the United Kingdom (4.13 million). In the United States, there is an estimated number of around 3.45 million Muslims.

In 2022, Indonesia has the largest population of Muslims worldwide with around 241.5 million. This was followed with around 225.6 million Muslims in Pakistan and 211.16 million Muslims in India.

Muslim Ingredients Market Outlook

The global Muslim ingredients market size is projected to grow from USD 1.9 billion in 2023 to USD 3.5 billion by 2032, at a compound annual growth rate (CAGR) of 7.2%. The burgeoning Muslim population, coupled with increasing awareness and demand for halal-certified products, is a key growth factor driving this market.

The rising Muslim population globally is one of the primary drivers of the Muslim ingredients market. As of 2023, Muslims constitute about 24% of the worldÂ’s population, and this demographic is expected to grow significantly over the next decade. This growth is predominantly seen in regions such as the Asia-Pacific, Middle East, and Africa. The increasing Muslim population naturally leads to a higher demand for halal products, including food, beverages, pharmaceuticals, and cosmetics. A deeper understanding and adherence to religious dietary laws have further solidified the importance of incorporating halal ingredients in daily consumption.

The surge in disposable income among Muslim consumers has also played a pivotal role in the market's expansion. Improved economic conditions in countries with significant Muslim populations, such as Indonesia, Malaysia, Saudi Arabia, and UAE, have led to increased spending on premium halal-certified products. This trend is particularly evident in the food and beverage sector, where consumers are willing to pay a premium for assurance of quality and compliance with Islamic dietary laws. Consequently, manufacturers are increasingly investing in halal certification and aligning their products with Islamic principles to tap into this lucrative market.

Technological advancements and innovation in the processing and certification of halal products have further bolstered market growth. The introduction of blockchain technology for halal certification ensures transparency, traceability, and authenticity, thus gaining consumer trust. Additionally, advancements in food science have enabled the development of new halal-friendly ingredients, expanding the range of available products. Companies investing in research and development are better positioned to cater to the evolving preferences of Muslim consumers and gain a competitive edge in the market.

Halal Food plays a pivotal role in the Muslim ingredients market, as it aligns with the religious and cultural practices of Muslim consumers. The demand for halal food is not only limited to Muslim-majority countries but is also gaining traction in regions with growing Muslim populations, such as Europe and North America. This trend is driven by the increasing awareness of halal food as a symbol of quality and ethical production, appealing to both Muslim and non-Muslim consumers. The assurance of halal certification provides consumers with confidence that the food products adhere to strict Islamic dietary laws, which is crucial for maintaining religious observance. As a result, food manufacturers are increasingly investing in halal certification to cater to this expanding market segment and capitalize on the growing demand for halal food products globally.

Regionally, the Asia-Pacific holds the largest market share, driven by countries like Indonesia and Malaysia, where the majority of the population adheres to Islamic dietary laws. North America and Europe are also witnessing increased demand for halal products, fueled by the growing Muslim immigrant population and rising awareness among non-Muslim consumers about the benefits of halal-certified products. The Middle East and Africa region, with its predominantly Muslim population, remains a critical market, contributing significantly to the global revenue.

Product Type Analysis

The product type segment of the Muslim ingredients market comprises halal meat, halal dairy products, halal beverages, halal confectionery, halal nutraceuticals, and others. Halal meat holds a significant share in this segment due to the stringent religious guidelines governing meat consumption in Islam. The demand for halal meat is particularly high in regions with large Muslim populations, such as the Middle East, North Africa, and Southeast Asia. Companies are increasingly focusing on ensuring that their meat products are certified halal to cater to this growing demand. The advent of online meat delivery services has further propelled the growth of this segment.

Halal dairy products, including milk, cheese, and yogurt, are another crucial segment that has see

As of 2010, Christianity was the religion with the most followers worldwide, followed by Islam (Muslims) and Hinduism. In the forty years between 2010 and 2050, it is projected that the landscape of world religions will undergo some noticeable changes, with the number of Muslims almost catching up to Christians. The changes in population sizes of each religious group is largely dependent on demographic development, for example, the rise in the world's Christian population will largely be driven by population growth in Sub-Saharan Africa, while Muslim populations will rise across various regions of Africa and South Asia. As India's population is set to grow while China's goes into decline, this will be reflected in the fact that Hindus will outnumber the unaffiliated by 2050. In fact, India may be home to both the largest Hindu and Muslim populations in the world by the middle of this century.

In 2020, around 98.5 percent of the Iranian population identified as Muslim. Around 81 percent identified as Shia Muslims in the same year, while a much smaller share followed the Sunni Muslim religion. In Iran, most Sunni Muslims belong to ethnic minority groups.

Iran’s demographics
The total population in Iran has grown steadily and is expected to surpass 90 million in 2028. The vast majority of the population in the country was between 15 and 64 years of age. At the same time, the share of people aged above 64 increased in recent years and constituted over seven percent of the total population.

Muslim population worldwide

In Europe, it was estimated that the Muslim population could triple by the middle of the century. In Southeast Asia, Indonesia had the largest share of Muslims as a proportion of its population. On the African continent, the highest number of Muslims was estimated in Nigeria, with close to a hundred million Islam followers. In the United States, less than one percent of the population identified as Muslims.

Associated with manuscript titled: Fifty Muslim-majority countries have fewer COVID-19 cases and deaths than the 50 richest non-Muslim countriesThe objective of this research was to determine the difference in the total number of COVID-19 cases and deaths between Muslim-majority and non-Muslim countries, and investigate reasons for the disparities. Methods: The 50 Muslim-majority countries had more than 50.0% Muslims with an average of 87.5%. The non-Muslim country sample consisted of 50 countries with the highest GDP while omitting any Muslim-majority countries listed. The non-Muslim countries’ average percentage of Muslims was 4.7%. Data pulled on September 18, 2020 included the percentage of Muslim population per country by World Population Review15 and GDP per country, population count, and total number of COVID-19 cases and deaths by Worldometers.16 The data set was transferred via an Excel spreadsheet on September 23, 2020 and analyzed. To measure COVID-19’s incidence in the countries, three different Average Treatment Methods (ATE) were used to validate the results. Results published as a preprint at https://doi.org/10.31235/osf.io/84zq5(15) Muslim Majority Countries 2020 [Internet]. Walnut (CA): World Population Review. 2020- [Cited 2020 Sept 28]. Available from: http://worldpopulationreview.com/country-rankings/muslim-majority-countries (16) Worldometers.info. Worldometer. Dover (DE): Worldometer; 2020 [cited 2020 Sept 28]. Available from: http://worldometers.info

Worldwide, most migrants live in regions where the same religion as in their country of origin dominates. For instance, three-quarters of all migrants in the Middle East and North Africa are Muslims, where Islam is a dominant religion, and over 80 percent of migrants living in Latin America and the Caribbean are Christians. This is explained by the fact that many people migrate to nearby countries, where the same religion tends to be dominant.

Islamic Clothing Market Outlook

The global Islamic clothing market size is projected to witness substantial growth from 2023 to 2032, with market figures standing at approximately USD 100 billion in 2023 and expected to reach USD 170 billion by 2032, reflecting a robust compound annual growth rate (CAGR) of around 6%. The increasing demand for modest fashion across the globe acts as a significant growth driver for the Islamic clothing market. This segment of the fashion industry has seen a surge in popularity, not only among Muslim populations but also among non-Muslims who appreciate the aesthetic and ethical aspects of modest fashion.

One of the primary growth factors for the Islamic clothing market is the rising preference for modest attire influenced by cultural and religious sentiments. This is particularly prevalent among Muslim-majority countries but is also gaining traction in Western countries where multiculturalism and diversity are celebrated. There is an increasing tendency among Muslim women to balance their religious traditions with modern fashion trends, leading to a higher demand for contemporary designs in Islamic clothing. The fashion industry has also seen a shift towards inclusivity and diversity, with many mainstream brands launching modest fashion lines, thereby reaching a broader audience.

The internet and social media platforms have played a crucial role in influencing the growth of the Islamic clothing market. With the increasing penetration of smartphones and the internet, consumers now have easier access to a variety of styles and trends from around the world. Influencers and fashion bloggers focusing on modest fashion have amplified the reach of Islamic clothing, encouraging a more expansive audience to explore this segment. This digital exposure helps bridge the gap between traditional and modern fashion, making Islamic clothing more mainstream and accessible.

Economic growth in key markets with significant Muslim populations is also contributing to the market's expansion. Countries in the Middle East, Southeast Asia, and parts of Africa are experiencing higher disposable incomes, leading to increased spending on fashion and lifestyle products, including Islamic clothing. Additionally, tourism has also played a role, where travelers visiting Muslim-majority regions tend to purchase local attire as part of their cultural experience, further boosting the market.

From a regional perspective, the Middle East and Africa hold a prominent share of the Islamic clothing market, driven by a large Muslim population and strong cultural ties to traditional attire. However, North America and Europe are projected to witness significant growth due to the increasing acceptance and popularity of modest fashion among diverse populations. Asia Pacific, with its large Muslim demographic in countries like Indonesia and Malaysia, continues to offer lucrative opportunities for market players. These regions are expected to exhibit varying growth rates, with regions such as Asia Pacific showcasing higher CAGR owing to its growing population and increasing urbanization.

Product Type Analysis

The Islamic clothing market encompasses a diverse range of product types, including abayas, hijabs, thobes, kaftans, and others. Abayas, primarily worn in the Middle East, have evolved from traditional wear to fashion statements, incorporating modern designs and fabrics. Fashion designers are innovating with abayas, integrating contemporary styles while maintaining their modest appeal. This ongoing evolution is making abayas popular not only in the Middle Eastern countries but also among Muslim women worldwide who seek modest yet stylish attire.

Hijabs, another significant segment, have seen a surge in demand due to the increasing number of women embracing this form of headscarf as a part of their daily attire. The hijab market has expanded with an array of styles, colors, and fabrics, catering to the diverse preferences of Muslim women. The growing awareness and acceptance of hijabs in non-Muslim countries have further propelled their demand. Brands are increasingly launching hijab lines, recognizing the economic potential and cultural significance of this product type.

Thobes, traditionally worn by men in Arab countries, are now gaining attention as lifestyle fashion. They are known for their comfort and simplicity, and recent trends have seen thobes being adapted for casual and formal occasions alike. The design innovations in thobes are making them appealing to younger generations who are keen on preserving cultural attire w

"Between October 2011 and November 2012, Pew Research Center, with generous funding from The Pew Charitable Trusts and the John Templeton Foundation, conducted a public opinion survey involving more than 30,000 face-to-face interviews in 26 countries in Africa, Asia, the Middle East and Europe. The survey asked people to describe their religious beliefs and practices, and sought to gauge respondents; knowledge of and attitudes toward other faiths. It aimed to assess levels of political and economic satisfaction, concerns about crime, corruption and extremism, positions on issues such as abortion and polygamy, and views of democracy, religious law and the place of women in society.

"Although the surveys were nationally representative in most countries, the primary goal of the survey was to gauge and compare beliefs and attitudes of Muslims. The findings for Muslim respondents are summarized in the Religion & Public Life Project's reports The World's Muslims: Unity and Diversity and The World's Muslims: Religion, Politics and Society, which are available at www.pewresearch.org. [...] This dataset only contains data for Muslim respondents in the countries surveyed. Please note that this codebook is meant as a guide to the dataset, and is not the survey questionnaire." (2012 Pew Religion Worlds Muslims Codebook)

Christianity is the major religion in numerous African countries. As of 2024, around 96 percent of the population of Zambia was Christian, representing the highest percentage on the continent. Seychelles and Rwanda followed with roughly 95 percent and 94 percent of the population being Christian, respectively. While these countries present the highest percentages, Christianity was also prevalent in many other African nations. For instance, in South Africa, Christianity was the religion of nearly 85 percent of the people, while the share corresponded to 71 percent in Ghana. Religious variations across Africa Christianity and Islam are the most practiced religions in Africa. Christian adherents are prevalent below the Sahara, while North Africa is predominantly Muslim. In 2020, Christians accounted for around 60 percent of the Sub-Saharan African population, followed by Muslims with a share of roughly 30 percent. In absolute terms, there were approximately 650 million Christians in the region, a number forecast to increase to over one billion by 2050. In contrast, Islam is most prevalent in North Africa, being the religion of over 90 percent of the population in Algeria, Morocco, Tunisia, and Libya. Christianity in the world As opposed to other religions, Christianity is widely spread across continents worldwide. In fact, Sub-Saharan Africa, Latin America and the Caribbean, and Europe each account for around 25 percent of the global Christian population. By comparison, Asia-Pacific and North America make up 13 percent and 12 percent of Christians worldwide, respectively. In several regions, Christians also suffer persecution on religious grounds. Somalia and Libya presented the most critical situation in Africa in 2021, reporting the strongest suppression of Christians worldwide just after North Korea and Afghanistan.

According to Cognitive Market Research, The Global Islamic Clothing market size is USD 62.5 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 5.50% from 2023 to 2030.

The demand for Islamic clothing is rising due to the rising popularity of Islamic clothing in the sports industry.
Demand for ethnic wear remains higher in the Islamic clothing market.
The abayas & hijabs category held the highest Islamic clothing market revenue share in 2023.
MEA will continue to lead, whereas the North American Islamic clothing market will experience the most substantial growth until 2030.

Growing Muslim Population Globally to Provide Viable Market Output

The global Muslim population is rising, driving increased demand for Islamic clothing. Modest fashion, like hijabs, abayas, and modest dresses, caters to Muslim dress codes. This trend reflects a diverse market, with designs blending tradition and modernity. Islamic clothing empowers individuals to express their faith while embracing contemporary style, with fashion brands worldwide recognizing this lucrative niche. As the Muslim population grows, the market for Islamic clothing is expected to expand, fostering cultural diversity and religious expression.

For instance, according to recent population projections by the Pew Research Center's Forum on Religion & Public Life, the globe's Muslim population is predicted to expand by about 35% in the next 20 years, increasing from 1.6 billion in 2010 to 2.2 billion by 2030.

Increasing Popularity of Islamic Clothing in the Sports Industry to Expand their Business to Propel Market Growth

Islamic clothing has gained prominence in the sports industry, reflecting a growing cultural diversity. Athletes worldwide are embracing modest yet stylish Islamic sportswear, with specialized brands offering a range of options like hijabs, long-sleeve shirts, and loose-fitting pants. This trend not only accommodates the needs of Muslim athletes but also promotes inclusivity and respect for various cultural preferences. It underscores the importance of diversity in sports, allowing athletes to perform comfortably while upholding their religious and cultural values.

For instance, in June 2022, Lululemon made a significant effort towards inclusion in its athletic wear by presenting a new line of interpretation hijabs prepared for working out and playing sports. Two sports hijabs have already been released.

Increasing Demand of Modest Fashion Fuels the Market Growth

Market Dynamics of Islamic Clothing

Lack of Awareness about Islamic Clothing Brands to Hinder Market Growth

The Islamic clothing market faces a significant challenge due to a lack of awareness about Islamic clothing brands. Many potential consumers are unaware of the existence of specialized Islamic sportswear brands or the range of products they offer. This limited awareness inhibits market growth, hindering potential customers from making informed choices and embracing these products. Raising awareness through marketing and education is crucial to bridging this gap and expanding the reach of Islamic clothing in the sports industry.

Impact of COVID–19 on the Islamic Clothing Market

The COVID-19 pandemic significantly impacted the Islamic clothing market. Due to restrictions and safety concerns, traditional brick-and-mortar stores faced reduced foot traffic, affecting sales. However, online sales of Islamic clothing saw a surge as people sought to purchase items from the safety of their homes. Moreover, the demand for modest and comfortable attire increased as remote work became more common. The market adapted by offering a more comprehensive range of online shopping options, making it easier for consumers to access Islamic clothing while adhering to pandemic restrictions, ultimately reshaping the industry's landscape. Introduction of Islamic Clothing Market

In the dynamic Islamic clothing market, key players are orchestrating strategic launches to tap into the burgeoning demand for modest apparel. Renowned brands are introducing innovative lines of Islamic clothing, such as abayas, modest activewear, and stylish hijabs. These strategic launches often collaborate with influential Muslim fashion influencers and celebrities to enhance visibility and credibility. By doing so, these industry leaders are expanding their market share and catalyzing a positive shift in fashion i...

Islamic Financing Market Outlook

In 2023, the global Islamic financing market size was estimated to be approximately USD 2 trillion, with a projected compound annual growth rate (CAGR) of 10% between 2024 and 2032. The market is expected to reach around USD 4.7 trillion by 2032, driven by robust growth factors including rising interest in ethical financing, increasing Muslim population, and supportive government regulations.

The growth of the Islamic financing market can largely be attributed to the increasing demand for Sharia-compliant financial instruments. As awareness about the principles and benefits of Islamic finance grows, both among Muslims and non-Muslims, the demand for ethical and interest-free financial products continues to rise. Additionally, governments in Muslim-majority countries are implementing supportive regulations and policies to promote Islamic finance, further fueling its growth. This regulatory support creates a conducive environment for the development and expansion of Islamic financial institutions and products, attracting more investors and customers.

Another significant growth factor is the increasing Muslim population worldwide. As the number of Muslims continues to rise, so does the demand for financial services that comply with Islamic law. This demographic trend is particularly noticeable in regions such as Asia Pacific and the Middle East, where a significant portion of the population adheres to Islamic principles. Financial institutions in these regions are increasingly tailoring their products and services to meet the specific needs and preferences of Muslim consumers, thereby driving market growth.

Technological advancements are also playing a crucial role in the growth of the Islamic financing market. The integration of technology in financial services, known as fintech, is transforming the way Islamic financial products are delivered and consumed. Fintech solutions are making it easier for consumers to access Islamic financial services, reducing the cost of transactions, and increasing efficiency. This technological revolution is enabling Islamic financial institutions to reach a broader audience and provide more innovative and competitive products.

As the Islamic financing market continues to grow, there is an increasing focus on the use of Muslim Ingredients in various financial products and services. These ingredients, which adhere to Islamic principles, ensure that all financial transactions are conducted in a manner that is compliant with Sharia law. This includes the prohibition of interest (riba) and the requirement for risk-sharing and ethical investment practices. By incorporating Muslim Ingredients into their offerings, financial institutions can appeal to a broader audience seeking ethical and Sharia-compliant solutions. This approach not only aligns with the values of Muslim consumers but also attracts non-Muslims interested in ethical finance, thereby expanding the market reach and potential for growth.

Regionally, the Middle East & Africa is the largest market for Islamic financing, accounting for a significant share of the global market. The region is home to several Muslim-majority countries where Islamic finance is deeply rooted in the culture and financial system. Asia Pacific is another major market, driven by large Muslim populations in countries such as Indonesia and Malaysia. North America and Europe are also witnessing growth in Islamic financing, albeit at a slower pace, as financial institutions in these regions recognize the potential of this market and begin to offer Sharia-compliant products.

Financial Instrument Analysis

The Islamic financing market is segmented by financial instruments, including Murabaha, Ijara, Mudarabah, Musharakah, Sukuk, and others. Murabaha is a cost-plus-profit financing structure where the seller discloses the cost and profit margin to the buyer. It is widely used due to its simplicity and compliance with Sharia law. In Murabaha transactions, the bank purchases an asset on behalf of the customer and then sells it to the customer at a predetermined profit margin. This structure is commonly used for trade financing, real estate, and personal financing.

Ijara is another popular Islamic financial instrument, akin to a lease agreement. In an Ijara transaction, the bank buys and leases out an asset to the customer for a fixed rental payment. The ownership of the asset remains with the bank, but the customer has the

With almost all major religions being practiced throughout the country, India is known for its religious diversity. Islam makes up the highest share among minority faiths in the country. According to the Indian census of 2011, the Muslim population in Uttar Pradesh more than 35 million, making it the state with the most Muslims.

Socio-economic conditions of Muslims
Muslims seem to lag behind every other religious community in India in terms of living standards, financial stability, education and other aspects, thereby showing poor performance in most of the fields. According to a national survey, 17 percent of the Muslims were categorized under the lowest wealth index, which indicates poor socio-economic conditions.

Growth of Muslim population in India
Islam is one of the fastest-growing religions worldwide. According to India’s census, the Muslim population has witnessed a negative decadal growth of more than 16 percent from 1951 to 1960, presumably due to the partitions forming Pakistan and Bangladesh. The population showed a positive and steady growth since 1961, making up 14 percent of the total population of India . Even though people following Islam were estimated to grow significantly, they would still remain a minority in India compared to 1.3 billion Hindus by 2050.

Global Islamic Clothing market size is expected to reach $111.14 billion by 2029 at 6.8%, segmented as by abayas and hijabs, traditional abayas, modern or designer abayas, hijabs

Halal Food and Drink Market Outlook

The global halal food and drink market size was valued at approximately USD 1.2 trillion in 2023, and it is projected to reach around USD 2.3 trillion by 2032, growing at a compound annual growth rate (CAGR) of 7.5% during the forecast period. This robust growth can primarily be attributed to the increasing Muslim population worldwide, coupled with a growing awareness of halal certification and its importance among consumers of various religious backgrounds.

One of the significant growth factors driving the halal food and drink market is the rising Muslim population, which is expected to constitute about 30% of the global population by 2030. This demographic shift has led to a higher demand for halal-certified products, not just in Muslim-majority countries but also in regions with significant Muslim minorities. Furthermore, the younger Muslim population is more likely to adhere strictly to dietary laws, providing a steady stream of growth for the market.

Another crucial factor contributing to the market's expansion is the increasing awareness and acceptance of halal food products among non-Muslim consumers. Many perceive halal food as being of higher quality, safer, and more ethical compared to non-halal alternatives. The rigorous standards for halal certification, which include hygiene, animal welfare, and ethical sourcing, appeal to a broader audience concerned about food safety and ethical consumption. Additionally, several halal products are aligning with organic and natural food trends, further broadening their appeal.

Technological advancements and better supply chain management are also playing pivotal roles in market growth. Enhanced cold storage facilities and improved logistics ensure that halal products maintain their quality during transportation, which is crucial for perishable items like meat and dairy. E-commerce platforms have made it easier for consumers to access a wide range of halal products, breaking the monopoly of physical stores and expanding the market reach. This ease of access is particularly beneficial in non-Muslim majority regions where consumers may have limited access to halal-certified outlets.

In parallel with the growth of the halal market, Kosher Food is also gaining traction among diverse consumer groups. While both halal and kosher dietary laws have their roots in religious traditions, they appeal to a broader audience due to their stringent quality and ethical standards. Kosher food, much like halal, is perceived as being cleaner and safer, which attracts health-conscious consumers. The increasing interest in kosher certification is evident in regions with significant Jewish populations, as well as among those who prioritize ethical consumption. This trend mirrors the growing demand for halal products, highlighting a broader shift towards transparency and quality in food production.

Regionally, Asia Pacific holds the largest share of the halal food and drink market, driven by populous Muslim-majority countries like Indonesia and Malaysia, as well as significant Muslim populations in India and China. However, regions like North America and Europe are witnessing significant growth rates due to increasing Muslim immigration and rising awareness among non-Muslim consumers. The Middle East & Africa also presents a substantial market but faces challenges related to supply chain management and regulatory differences across countries.

Product Type Analysis

The halal food and drink market can be segmented by product type into meat and alternatives, dairy products, beverages, bakery and confectionery, and others. Meat and alternatives represent the largest segment due to the high consumption of halal meat among Muslims. The demand for high-quality, ethically sourced halal meat is rising, driven by both religious obligations and a growing preference for ethical consumption. Innovations in plant-based meat alternatives that adhere to halal standards are also gaining traction, appealing to younger, health-conscious consumers.

Dairy products are another significant segment in the halal food and drink market. The demand for halal-certified dairy products is particularly high in regions like the Middle East and Asia Pacific, where dairy forms a crucial part of the daily diet. Companies are increasingly focusing on obtaining halal certification for a wide range of dairy products, including milk, cheese, yogurt, and ice cream, to cater to th

Halal Food & Beverages Market Outlook

The global halal food and beverages market size is projected to rise significantly from $2 trillion in 2023 to approximately $3 trillion by 2032, growing at a robust CAGR of 4.5% during the forecast period. This growth is driven primarily by the increasing demand for halal-certified products among Muslim populations worldwide, as well as the rising awareness and acceptance of halal standards among non-Muslim consumers. The expansion of this market is further accelerated by a surge in disposable incomes in developing countries, coupled with an increasing inclination towards ethical consumerism and sustainable food production practices.

The primary growth factor propelling the halal food and beverages market is the burgeoning Muslim population globally. Representing nearly 25% of the world’s population, Muslims are increasingly seeking halal-certified options, driven by religious obligations and personal choices that emphasize purity, hygiene, and ethical treatment of animals. In addition, halal products have begun to attract non-Muslim consumers seeking products perceived as cleaner and safer, thus further expanding the market base. This trend is particularly noted in regions like North America and Europe, where the halal lifestyle is gaining traction not just as a religious requirement but as a lifestyle choice that resonates with health-conscious consumers.

Another significant growth driver is the enhanced regulatory support and certification processes that ensure the authenticity of halal products. Many countries with significant Muslim populations have established robust infrastructure for halal certification, which assures consumers of adherence to Islamic dietary laws. This certification not only increases consumer trust but also opens doors to international trade, as more countries recognize and respect these certifications. The harmonization of standards across countries, facilitated by organizations such as the Halal Development Corporation, has made it easier for producers to enter new markets and expand their reach, thus driving market growth.

The proliferation of e-commerce platforms has also played a pivotal role in the growth of the halal food and beverages market. Online retail channels have made it easier for consumers to access a wide array of halal-certified products, regardless of geographical limitations. This convenience, coupled with increasing internet penetration and smartphone usage, particularly in developing regions, has made online shopping a preferred choice for many consumers. For halal producers, e-commerce provides a cost-effective way to reach a broader audience, diversify their offerings, and enhance customer engagement through tailored marketing strategies and promotions.

Regionally, the Middle East and Asia Pacific are anticipated to dominate the halal food and beverages market, driven by large Muslim populations and established halal certification bodies. These regions are expected to witness substantial growth, with the Asia Pacific projected to register the highest CAGR over the forecast period. The growth in these regions can be attributed to rising disposable incomes, urbanization, and a strong cultural affinity towards halal-certified products. In contrast, North America and Europe are witnessing a gradual increase in halal product consumption, driven by an increasingly diverse population and a growing interest in ethical consumerism.

Product Type Analysis

The halal food and beverages market is segmented into several product types, including meat & alternatives, dairy products, beverages, bakery products, confectionery, and others. Among these, halal meat and alternatives hold a significant share due to the religious significance of halal meat consumption among Muslims. The demand for halal meat is not only prevalent in Muslim-majority countries but is also rising in Western nations where the Muslim population is growing. Halal meat and alternatives are preferred not only for religious adherence but also for the perceived higher standards of animal welfare and hygiene that halal certification demands.

Dairy products are another significant segment within the halal food and beverages market. The demand for halal-certified dairy products is driven by the need for products that comply with Islamic dietary laws, which prohibit certain animal-derived ingredients and additives commonly found in conventional dairy products. As a result, there is a growing focus on innovation in the halal dairy sector, with companies offering a range of products including milk, cheese, yogurt, and ice

The halal packaging market is projected to grow from $674.52 million in 2025 to $1,348.43 million by 2033, at a CAGR of 8.91%. The growth of the market is attributed to the increasing demand for halal products, especially in the food and beverage industry. Additionally, the growing awareness about halal certification and its importance in ensuring the safety and quality of products is driving the demand for halal packaging. The increasing demand for halal products is primarily driven by the growing Muslim population worldwide. Muslims require halal food and beverages, which are prepared according to Islamic dietary laws. As such, there is a growing demand for halal packaging that can ensure the integrity and quality of halal products throughout the supply chain. The growing awareness about halal certification and its importance in ensuring the safety and quality of products is also driving the demand for halal packaging. Halal certification provides assurance to consumers that the products they are purchasing have been produced in accordance with Islamic dietary laws. The increasing number of halal certification agencies and the growing recognition of halal certification by international organizations are contributing to the growth of the halal packaging market. Recent developments include: The Halal Packaging Market is projected to reach USD 1177.1 billion by 2032, exhibiting a CAGR of 8.91% during the forecast period. Increasing demand for halal-certified products, rising disposable income in Muslim-majority countries, and growing awareness of halal packaging standards are key factors driving market growth. Recent developments include the launch of eco-friendly halal packaging solutions, such as plant-based coatings and biodegradable films, to cater to the growing demand for sustainable packaging. Moreover, the expansion of e-commerce platforms has created new opportunities for halal packaging suppliers to reach a wider consumer base.. Key drivers for this market are: 1 Rising Muslim population2 Growing demand for halal-certified products3 Increasing disposable income4 Expansion of international trade5 Technological advancements. Potential restraints include: Rising consumer awareness, growing Muslim population; increasing disposable income; stringent regulations and technological advancements.

Abstract

The fourth edition of the Global Findex offers a lens into how people accessed and used financial services during the COVID-19 pandemic, when mobility restrictions and health policies drove increased demand for digital services of all kinds.

The Global Findex is the world's most comprehensive database on financial inclusion. It is also the only global demand-side data source allowing for global and regional cross-country analysis to provide a rigorous and multidimensional picture of how adults save, borrow, make payments, and manage financial risks. Global Findex 2021 data were collected from national representative surveys of about 128,000 adults in more than 120 economies. The latest edition follows the 2011, 2014, and 2017 editions, and it includes a number of new series measuring financial health and resilience and contains more granular data on digital payment adoption, including merchant and government payments.

The Global Findex is an indispensable resource for financial service practitioners, policy makers, researchers, and development professionals.

Geographic coverage

National coverage

Analysis unit

Individual

Kind of data

Observation data/ratings [obs]

Sampling procedure

In most developing economies, Global Findex data have traditionally been collected through face-to-face interviews. Surveys are conducted face-to-face in economies where telephone coverage represents less than 80 percent of the population or where in-person surveying is the customary methodology. However, because of ongoing COVID-19 related mobility restrictions, face-to-face interviewing was not possible in some of these economies in 2021. Phone-based surveys were therefore conducted in 67 economies that had been surveyed face-to-face in 2017. These 67 economies were selected for inclusion based on population size, phone penetration rate, COVID-19 infection rates, and the feasibility of executing phone-based methods where Gallup would otherwise conduct face-to-face data collection, while complying with all government-issued guidance throughout the interviewing process. Gallup takes both mobile phone and landline ownership into consideration. According to Gallup World Poll 2019 data, when face-to-face surveys were last carried out in these economies, at least 80 percent of adults in almost all of them reported mobile phone ownership. All samples are probability-based and nationally representative of the resident adult population. Phone surveys were not a viable option in 17 economies that had been part of previous Global Findex surveys, however, because of low mobile phone ownership and surveying restrictions. Data for these economies will be collected in 2022 and released in 2023.

In economies where face-to-face surveys are conducted, the first stage of sampling is the identification of primary sampling units. These units are stratified by population size, geography, or both, and clustering is achieved through one or more stages of sampling. Where population information is available, sample selection is based on probabilities proportional to population size; otherwise, simple random sampling is used. Random route procedures are used to select sampled households. Unless an outright refusal occurs, interviewers make up to three attempts to survey the sampled household. To increase the probability of contact and completion, attempts are made at different times of the day and, where possible, on different days. If an interview cannot be obtained at the initial sampled household, a simple substitution method is used. Respondents are randomly selected within the selected households. Each eligible household member is listed, and the hand-held survey device randomly selects the household member to be interviewed. For paper surveys, the Kish grid method is used to select the respondent. In economies where cultural restrictions dictate gender matching, respondents are randomly selected from among all eligible adults of the interviewer's gender.

In traditionally phone-based economies, respondent selection follows the same procedure as in previous years, using random digit dialing or a nationally representative list of phone numbers. In most economies where mobile phone and landline penetration is high, a dual sampling frame is used.

The same respondent selection procedure is applied to the new phone-based economies. Dual frame (landline and mobile phone) random digital dialing is used where landline presence and use are 20 percent or higher based on historical Gallup estimates. Mobile phone random digital dialing is used in economies with limited to no landline presence (less than 20 percent).

For landline respondents in economies where mobile phone or landline penetration is 80 percent or higher, random selection of respondents is achieved by using either the latest birthday or household enumeration method. For mobile phone respondents in these economies or in economies where mobile phone or landline penetration is less than 80 percent, no further selection is performed. At least three attempts are made to reach a person in each household, spread over different days and times of day.

Sample size for Iran, Islamic Rep. is 1005.

Mode of data collection

Landline and mobile telephone

Research instrument

Questionnaires are available on the website.

Sampling error estimates

Estimates of standard errors (which account for sampling error) vary by country and indicator. For country-specific margins of error, please refer to the Methodology section and corresponding table in Demirgüç-Kunt, Asli, Leora Klapper, Dorothe Singer, Saniya Ansar. 2022. The Global Findex Database 2021: Financial Inclusion, Digital Payments, and Resilience in the Age of COVID-19. Washington, DC: World Bank.

Halal Food Certification Market Outlook

The global halal food certification market size was valued at USD 5.2 billion in 2023 and is anticipated to reach approximately USD 9.8 billion by 2032, with a projected compound annual growth rate (CAGR) of 7.2% during the forecast period. This significant growth is driven by increasing consumer awareness about halal food standards, rising Muslim population worldwide, and the expansion of the halal food market beyond traditional Muslim-majority countries.

One of the primary growth factors of the halal food certification market is the rising awareness and demand for halal products among non-Muslim consumers who perceive halal foods as being safer and of higher quality. The global Muslim population, expected to grow substantially over the coming decades, drives the core demand for halal-certified products. Additionally, globalization and increased trade are making halal-certified foods more accessible and available in a wider range of markets, further fueling growth.

Another major growth driver is the increasing government initiatives and regulations in various countries to ensure food safety and standardization. Many non-Muslim-majority countries are now incorporating halal certification standards, providing a structured framework for manufacturers and suppliers, which enhances consumer trust and drives market growth. Moreover, improvements in certification processes and technologies, such as blockchain for traceability, are improving transparency and efficiency, thus fostering market expansion.

Technological advancements and the shift towards online and e-commerce platforms are also contributing significantly to the market growth. The convenience and accessibility provided by online retailers ensure a wider reach for halal-certified products. Additionally, the digital transformation of supply chains and better logistical support have enabled manufacturers to meet international demand more effectively, contributing to the market's exponential growth.

Regionally, the Asia Pacific holds the largest market share due to its substantial Muslim population and increasing disposable-income levels, which drive the demand for halal-certified products. North America and Europe are also witnessing significant growth, driven by the increasing acceptance and demand for halal products among both Muslim and non-Muslim consumers. The Middle East & Africa remains a key market with robust demand stemming from deeply rooted cultural and religious practices.

Product Type Analysis

The meat segment holds a significant share in the halal food certification market, primarily driven by high demand from Muslim consumers for halal slaughtered animals. Halal meat certification ensures adherence to religious guidelines, which include specific methods of slaughter, handling, and processing. The growing awareness and interest in halal meat by non-Muslims, who often perceive it as cleaner and healthier, further contribute to this segment's growth. The meat segment also benefits from strong demand in both traditional markets and emerging economies.

Poultry and seafood segments are also key contributors to the market. The poultry segment is particularly robust in countries with significant Muslim populations, such as Indonesia, Malaysia, and Middle Eastern countries. The seafood segment is gaining traction due to its inclusion in diverse halal diets and the growing popularity of seafood as a health-conscious choice. Halal certification in these segments ensures compliance with religious and quality standards, thus attracting a broader consumer base.

Dairy products represent a rapidly growing segment within the halal food certification market. The increasing demand for halal-certified dairy products, including milk, cheese, yogurt, and other dairy-based items, is driven by both traditional markets and regions with burgeoning Muslim populations. This segment's growth is also fueled by innovations in dairy processing and the introduction of new products that meet halal certification standards, appealing to a wider audience.

Grain products, fruits, and vegetables segments also contribute significantly to the market. These products are considered halal by nature, but certification ensures they meet specific standards related to processing, handling, and contamination prevention. This certification is becoming increasingly important, particularly in regions where consumers are highly conscious of food safety and quality.

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Halal Products Market Outlook

As of 2023, the global halal products market size is estimated to have reached approximately USD 2.3 trillion, with an expected compound annual growth rate (CAGR) of 6.8% from 2024 to 2032. This growth trajectory predicts the market will surge to an impressive USD 4.2 trillion by 2032. The increasing Muslim population across the globe, rising consumer awareness regarding food safety and quality, and the growing demand for ethical consumerism are pivotal growth factors propelling this market forward. The halal industry, which adheres to Islamic dietary laws, is witnessing burgeoning demand not only in predominantly Muslim countries but also in regions with a significant Muslim diaspora, leading to its expansive market growth.

A significant growth factor for the halal products market is the increasing globalization and interconnectivity of trade, which has amplified the accessibility and reach of halal-certified products beyond traditional Muslim-majority markets. The enhanced focus on food safety and quality standards across various regions has led to an uptick in halal certification, ensuring products meet stringent health and safety regulations that appeal to a broader consumer base, including non-Muslims. Additionally, the rising disposable incomes in emerging economies have enabled consumers to make choices based on ethical and religious beliefs, thereby boosting the demand for halal products.

The evolution of consumer preferences towards health and wellness products is another critical growth driver for the halal products market. Consumers are becoming increasingly conscious about the ingredients and processes involved in the products they purchase, leading to a growing inclination towards halal-certified products perceived as healthier and more ethically produced. This trend is particularly noticeable in developed markets where consumers are actively seeking products that align with their health goals and ethical standards. This shift in consumer behavior is encouraging manufacturers to diversify their product offerings and invest in halal certification to tap into this lucrative market segment.

Technological advancements in the food and beverage industry have further catalyzed the growth of the halal products market. Innovations in food production and packaging, coupled with enhanced supply chain logistics, have facilitated the widespread distribution of halal-certified products across the globe. The integration of blockchain technology for better traceability and transparency in the halal certification process is also gaining traction, providing consumers with the assurance of authenticity and quality. These technological innovations are enabling manufacturers to maintain the integrity of halal products throughout the supply chain, thus expanding their consumer base and market reach.

The halal cosmetics and personal care products segment is witnessing significant growth as consumers increasingly prioritize ethical and religiously compliant beauty products. This trend is driven by a growing awareness of the ingredients used in cosmetics and personal care items, with many consumers opting for products that align with their values and beliefs. Halal cosmetics are formulated without alcohol and animal-derived ingredients, making them appealing not only to Muslim consumers but also to those seeking cruelty-free and environmentally friendly options. The market for halal cosmetics is expanding rapidly, with innovative product offerings ranging from skincare to makeup that adhere to halal standards, thereby attracting a diverse consumer base.

Regionally, the Asia Pacific holds a substantial share of the halal products market, driven by countries like Indonesia, Malaysia, and India with large Muslim populations and rapidly growing economies. North America and Europe are witnessing a steady increase in demand for halal products due to the growing Muslim diaspora and an increasing number of non-Muslims recognizing the quality and ethical appeal of halal-certified products. The Middle East & Africa continues to be a dominant market owing to the religious significance and cultural practices prevalent in these regions, further supported by government initiatives promoting halal certification and trade.

Product Type Analysis

The halal products market is diversified across several product types, with food and beverages being the most significant segment. The demand for halal food products is driven b