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Halal Foods Market Size, Share & Industry Analysis, By Product Type (Cereals and Grains, Vegetables & Fruits, Poultry, Seafood, and Meat, Beverages, Dairy Products, Others), By Distribution Channel (Hypermarkets/Supermarkets, Online Stores, Specialty Stores, Retail, Others) Others and Regional Forecast, 2022-2029

Region : Global | Report ID: FBI101939 | Status : Ongoing

 

KEY MARKET INSIGHTS

Halal is an Arabic term which means permitted or lawful. Halal foods are the food items and beverages that are strictly under Islamic dietary laws. According to the estimates of the Australian Federation of Islamic Councils, halal food products are derived from poultry and animals that are prepared to agree to the Islamic law under the  “God is the Greatest”  statement. Growth in demand for halal foods is majorly driven by increasing the Muslim population across the globe and rising expenditure of consumers on ethically produced and certified food and beverage products.


Amplifying demand for halal foods among conscious and affluent population groups coupled with rapidly growing halal food production facilities are other significant factors that are positively impacting the global halal foods market. Many key players operating in the global halal foods market are collaborating with niche players and launching innovative halal food products to maintain their market significance. For instance; In February 2019, Midamar Corporation launched nutritionally balanced, and hand slaughtered chicken products for K-12 schools to offer healthy lunch for children.


Key Market Driver -

Amplifying demand for halal foods among the muslim population.

Key Market Restraint -

Stringent government regulations is projected to hinder the market growth.


Rapidly increasing consumption of halal food among the Muslim population, coupled with increasing disposable income of the consumers and enhancements in standards of living is projected to fuel the growth of the global halal foods market during the forecast period. Increasing efforts by multinational food products manufacturers such as Nestle, Savola Group, and others to obtain halal-certification for their manufactured products is further augmenting the growth of the global halal foods market. Trends such as environment-friendly, healthy, high-quality, and fair-trade food products are predictable to enhance the market growth of halal foods across the world. However, lack of uniform and standardized authority for certification of halal foods across several economies is one of the major factors that can hamper the global halal foods market.


Key Players Covered:


Some of the major companies that are present in the global halal foods market include Nestlé S.A., Cargill, Incorporated, Unilever, Saffron Road, Al-Falah Halal Foods, Prima Agri-Products, One World Foods Inc., BRF S.A., Midamar Corporation, and QL Foods, and American Foods Group, LLC.


Among the products, the poultry, seafood, and meat segment are projected to witness continuous demand growth during the forecast years, owing to its high demand and awareness regarding the halal meat products among the Muslim population. The growing popularity of halal poultry and meat products among non-muslim, young consumers of several economies is further expected to impact the market growth positively during the foreseeable years. Furthermore, increasing awareness and adoption of halal labeled vegetables, fruits, and cereals among Muslims as well as the non-muslim population is anticipated to enhance the market growth of halal-certified fruits, vegetables, and cereals in the upcoming years.


Based on the distribution channel, the global organic foods market is segmented into hypermarkets/supermarkets, online stores, specialty stores, retail, and others. The supermarkets and hypermarkets segment is projected to lead during the forecast years, owing to increasing consumer dependency on the aforesaid channel for the purchase of grocery products. Moreover, increasing initiatives by supermarkets and hypermarkets to dedicate more shelves to halal products and offer variety to consumers are predicted to contribute to enlarging the market share of supermarkets/hypermarkets in the global halal foods market.


Regional Analysis:


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North America is one of the prominent regions in the global halal foods market with a significant market share. The reason for the robust growth of halal food products in North America can be attributed to high awareness regarding the halal food products and methodologies of animal slaughtering. The halal food market in the Asia Pacific is expected to expand at a significant pace during the forthcoming years attributed to the presence of a huge Muslim population across countries such as Indonesia, Pakistan, and others. The increasing number of halal food vendors across the Asia Pacific is further projected to boost market growth within the region during the forecast period.


Segmentation






















 ATTRIBUTE


 DETAILS

By Product Type




  • Cereals and Grains

  • Vegetables & Fruits

  • Poultry, Seafood, and Meat

  • Beverages

  • Dairy Products

  • Others



By Distribution Channel




  • Hypermarkets/Supermarkets

  • Online Stores

  • Specialty Stores

  • Retail

  • Others



By Geography




  • North America (USA, Canada, and Mexico)

  • Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa, UAE, Israel, and Rest of ME&A)



Key Industry Developments



  • In September 2018, Assala Halal launched authentic halal deli meat products for the Canadian Muslim market straight from smokehouse in Montreal, Quebec. The products are free from gluten and soy and does not contain any artificial flavours.


  • Ongoing
  • 2021
  • 2018-2020

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