Top Companies in Halal Food Market By Size, Share, Historical And Future Data & CAGR | Report By TechSci Research

As per the TechSci Research report titled "Global Halal Food Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029," the worldwide Halal Food Market achieved a value of USD 899.1 billion in 2023, and it is expected to exhibit a Compound Annual Growth Rate (CAGR) of 14.35% during the forecast period from 2025 to 2029. The global Halal food sector has witnessed substantial growth in the past decade, driven by a variety of factors such as the expanding Muslim population and increased awareness and acceptance among non-Muslim consumers. This market transcends geographical boundaries and has gained prominence globally, providing significant opportunities for food producers, manufacturers, and retailers to meet the specific dietary preferences of Muslim consumers. Halal food, adhering to Islamic dietary laws, has extended its reach beyond traditional items like meat, encompassing various segments like processed foods, beverages, cosmetics, and pharmaceuticals.

Numerous factors contribute to the global expansion of the Halal food market. A key driver is the growing Muslim population, particularly in countries such as Indonesia, Pakistan, India, Bangladesh, and Malaysia. The increasing disposable income within this demographic, coupled with a heightened demand for certified Halal products, has fueled the market's expansion. Additionally, the globalization of trade and advancements in logistics and transportation have facilitated the cross-border distribution of Halal products, making them more accessible to consumers worldwide.

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Despite experiencing rapid growth, the Halal food market encounters challenges related to standardization, certification processes, and varying interpretations of Halal requirements across regions. Additionally, there is an ongoing challenge of consumer awareness about Halal products, particularly among non-Muslim populations. However, these challenges also create opportunities for innovation, collaboration, and market expansion. Streamlining certification processes, educating consumers about Halal principles, and investing in research and development efforts can further drive the market's growth.

Furthermore, the Asia Pacific region has made significant investments in infrastructure and certification processes to support the production, distribution, and export of Halal products. Notably, Malaysia has positioned itself as a central hub for Halal certification, establishing stringent standards and regulations to ensure compliance. This dedication to quality and consistency has fostered trust among consumers, both domestically and internationally, solidifying the region's standing in the Halal food market.

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Culturally, the Asia Pacific region's diverse culinary heritage is a key factor in the abundance and diversity of Halal food options. The region features a vibrant array of traditional cuisines and inventive culinary innovations, all adhering to Halal standards. This cultural diversity not only meets the preferences of the local population but also contributes to the worldwide appeal of Asian Halal cuisine.

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·         Halal Food Market is expected to grow at a CAGR of 14.35% during the forecast period.

·         Halal Food Market has a valuation of US$ 899.1 Billion as of 2023.

·         Asia-Pacific currently holds the title of the largest market for Halal Food Market.

·         Halal food, deeply rooted in Islamic dietary laws, represents more than just a culinary preference. 

·         In terms of type, the cages segment claims the top spot in Halal Food Market share.

·         When considering the sales channel, the online retailers segment takes the lead in market share.

·         Focusing on the price range, the premium segment secures the highest market share in the Halal Food Market.

Competitive Landscape

TechSci Research provides customization options based on a company's specific requirements for the Global Halal Food Market report, leveraging the provided market data. The report offers the following customization alternatives:

Recent Developments

·         In the year 2022, Chicken Cottage Limited, a fast-food chain based in the UK, serves as the master franchisor and owner of the renowned "Chicken Cottage" brand. The company has recently declared its venture into the East African market through a franchising partnership agreement with Express Kitchen, a subsidiary of All About Health AAH Limited. This strategic collaboration is geared towards furthering the expansion and development of their business line in the region.

·         In 2021, Crescent Foods, an innovative US-based company specializing in premium hand-cut halal meat and poultry products, introduced a comprehensive turnkey foodservice program designed for university and college dining halls nationwide. This program encompasses a wide range of products, including seasonally available turkey, hand-cut beef, lamb, and chicken, tailored to meet the needs of on-campus dining establishments.

·         In the same year, Nigeria forged a strategic alliance with OneAgrix to enhance agriculture and gain access to halal markets under the African Continental Free Trade Area (AfCFTA). Through this collaboration, Nigeria aims to utilize OneAgrix's trading platform to achieve improved market access both globally and regionally.

Major companies operating in Global Halal Food Market are:

Al Islami Foods Co., QL Foods Sdn Bhd, Saffron Road, DagangHalal Group, Janan Meat Ltd, Kawan Foods Berhad, Cargill, Inc., Prima Agri-Products Sdn Bhd, Nestle S.A., BRF S.A.

Market Segmentation for Halal Food Market

·         Halal Food Market, By Type:

o   Meat

o   Poultry and Seafood

o   Fruits and Vegetables

o   Dairy Products

o   Cereals and Grains

o   Oil

o   Fats and Waxes

o   Confectionery

o   Others                             

·         Halal Food Market, By Distribution Channel:

o   Online

o   Offline              

·         Halal Food Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

§  Egypt

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Table of Content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer

4.1.  Factors Influencing Purchase Decision

4.2.  Challenges Faced Post Purchase

4.3.  Brand Awareness

5.    Global Halal Food Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast 

5.2.1.    By Type Market Share Analysis (Meat, Poultry and Seafood, Fruits and Vegetables, Dairy Products, Cereals and Grains, Oil, Fats and Waxes, Confectionery, and Others)

5.2.2.    By Distribution Channel Market Share Analysis (Online and Offline)

5.2.3.    By Regional Market Share Analysis

5.2.3.1.        North America Market Share Analysis

5.2.3.2.        South America Market Share Analysis

5.2.3.3.        Middle East & Africa Market Share Analysis

5.2.3.4.        Europe Market Share Analysis

5.2.3.5.        Asia-Pacific Market Share Analysis

5.2.4.    By Top 5 Companies Market Share Analysis, Others (2023)

5.3.  Global Halal Food Market Mapping & Opportunity Assessment

5.3.1.    By Type Market Mapping & Opportunity Assessment

5.3.2.    By Distribution Channel Market Mapping & Opportunity Assessment

5.3.3.    By Region Channel Market Mapping & Opportunity Assessment

6.    North America Halal Food Market Outlook

6.1.  Market Size & Forecast      

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type Market Share Analysis

6.2.2.    By Distribution Channel Market Share Analysis

6.3.  North America: Country Analysis

6.3.1.    United States Halal Food Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Type Market Share Analysis

6.3.1.2.2.           By Distribution Channel Market Share Analysis

6.3.2.    Canada Halal Food Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Type Market Share Analysis

6.3.2.2.2.           By Distribution Channel Market Share Analysis

6.3.3.    Mexico Halal Food Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Type Market Share Analysis

6.3.3.2.2.           By Distribution Channel Market Share Analysis

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