Halal Food and Beverage Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the worldwide Halal Food and Beverage Market. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.

Key Insights:

Halal Food and Beverage Market Size (2024E): US$1,131 Bn
Projected Market Value (2031F):US$1,746 Bn
Global Market Growth Rate (CAGR 2024 to 2031): 6.40%

Halal Food and Beverage Market - Report Scope:

The Halal Food and Beverage Market is driven by growing consumer awareness about the importance of Halal certification, which ensures products are produced in compliance with Islamic dietary laws. The market encompasses a diverse range of products, including meat, beverages, dairy, processed foods, and snacks. The rising Muslim population globally, coupled with increasing demand for Halal-certified products across non-Muslim populations, has contributed to this market's expansion. The Halal Food and Beverage Market caters to a broad consumer base, ranging from retail outlets and restaurants to large-scale manufacturers and food service providers.

Market Growth Drivers:

Several key factors propel the global Halal Food and Beverage Market, including the increasing Muslim population, which is expected to reach over 2.2 billion by 2030. As Halal food is an essential part of Muslim consumption, this demographic growth directly influences market demand. Additionally, non-Muslim consumers are increasingly opting for Halal food due to its perceived health benefits and strict hygiene standards. Globalization and the expansion of the food service industry have further contributed to the growing availability of Halal food products. Technological advancements in food processing and packaging that comply with Halal standards have also opened new opportunities for manufacturers.

Market Restraints:

Despite promising growth prospects, the Halal Food and Beverage Market faces challenges related to certification processes and regulatory compliance across different countries. The absence of a unified global Halal standard leads to confusion among manufacturers and consumers, limiting market expansion in some regions. Additionally, the relatively high cost of Halal certification and strict monitoring protocols may deter small-scale producers from entering the market. Fraudulent Halal certification claims and the lack of transparency in some sectors can also erode consumer trust.

Market Opportunities:

The Halal Food and Beverage Market presents significant opportunities driven by the growing middle-class population in predominantly Muslim countries and the rising demand for premium Halal products such as organic and clean-label items. E-commerce platforms offer vast potential for expanding the reach of Halal food products, especially in regions with a dispersed Muslim population. Strategic partnerships between food manufacturers and certification bodies can help ensure compliance and transparency, creating a trustworthy global Halal ecosystem. Additionally, the rising trend of Halal tourism offers new growth avenues, as tourists increasingly seek Halal-certified restaurants, hotels, and travel services.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the Halal Food and Beverage Market globally?
Which product categories are seeing the highest demand in the Halal Food and Beverage Market?
How are regulatory frameworks influencing the global Halal Food and Beverage Market landscape?
Who are the key players in the Halal Food and Beverage Market, and what strategies are they employing to maintain market relevance?
What are the emerging trends and future prospects in the global Halal Food and Beverage Market?

Competitive Intelligence and Business Strategy:

Leading players in the global Halal Food and Beverage Market, such as Nestle S.A., Cargill Inc., and Al Islami Foods, are focusing on product innovation, expansion into new markets, and compliance with regional Halal certification standards. These companies invest heavily in research and development to introduce new Halal-certified products, catering to the diverse tastes and preferences of global consumers. Collaborations with regional certification bodies and participation in Halal food expos enhance market visibility and credibility. Furthermore, the adoption of advanced technologies in food processing and supply chain management ensures product safety and compliance, reinforcing consumer trust in the Halal food market.

Key Companies Profiled:

Nestle S.A.
Cargill Inc.
Al Islami Foods
BRF S.A.
Midamar Corporation
QL Foods Sdn Bhd
Saffron Road Food
Al-Falah Food Industries
Prima Agri-Products

Halal Food and Beverage Market Research Segmentation

By Product Type

Milk & Milk Products
Meat & Alternatives
Grain Products
Fruits & Vegetables

Distribution channel

Hypermarket & Supermarket
Departmental Store
Online

By Region

North America
Europe
Asia Pacific
Central & South America
The Middle East & Africa

Product Code: PMRREP34693

1. Executive Summary

1.1. Global Halal Food and Beverages Market Snapshot, 2024-2031
1.2. Market Opportunity Assessment, 2024-2031, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Macro-Economic Factors
- 2.3.1. Global Sectorial Outlook
- 2.3.2. Global GDP Growth Outlook
- 2.3.3. Global Healthcare Spending Outlook
2.4. COVID-19 Impact Analysis
2.5. Forecast Factors - Relevance and Impact

3. Value Added Insights

3.1. Product Type Adoption Analysis
3.2. Epidemiology - Deafness and Hearing Loss
3.3. Technology Assessment
3.4. Regulatory Landscape
3.5. Value Chain Analysis
- 3.5.1. List of Distribution Channel/Marketplaces
  - 3.5.1.1. Retail
  - 3.5.1.2. Wholesale Distributors
  - 3.5.1.3. E-Commerce
- 3.5.2. List of End User (Industry)
3.6. Key Deals and Mergers
3.7. PESTLE Analysis
3.8. Porter's Five Force Analysis

4. Price Trend Analysis, 2019-2024

4.1. Key Highlights
4.2. Key Factors Impacting Product Type Prices
4.3. Pricing Analysis, By Product Type
4.4. Regional Prices and Product Type Preferences

5. Global Halal Food and Beverages Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

5.1. Key Highlights
- 5.1.1. Market Volume (Tons) Projections
- 5.1.2. Market Size (US$ Bn) and Y-o-Y Growth
- 5.1.3. Absolute $ Opportunity
5.2. Market Size (US$ Bn) Analysis and Forecast
- 5.2.1. Historical Market Size (US$ Bn) Analysis, 2019-2023
- 5.2.2. Current Market Size (US$ Bn) Analysis and Forecast, 2024-2031
5.3. Global Halal Food and Beverages Market Outlook: Product Type
- 5.3.1. Introduction / Key Findings
- 5.3.2. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By Product Type, 2019-2023
- 5.3.3. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By Product Type, 2024-2031
  - 5.3.3.1. Milk & Milk Products
  - 5.3.3.2. Meat & Alternatives
  - 5.3.3.3. Grain Products
  - 5.3.3.4. Fruits & Vegetables
  - 5.3.3.5. Others
5.4. Market Attractiveness Analysis: Product Type
5.5. Global Halal Food and Beverages Market Outlook: Distribution channel
- 5.5.1. Introduction / Key Findings
- 5.5.2. Historical Market Size (US$ Bn) Analysis, By Distribution channel, 2019-2023
- 5.5.3. Current Market Size (US$ Bn) Analysis and Forecast, By Distribution channel, 2024-2031
  - 5.5.3.1. Hypermarket & Supermarket
  - 5.5.3.2. Departmental Store
  - 5.5.3.3. Online
  - 5.5.3.4. Others
5.6. Market Attractiveness Analysis: Distribution channel

6. Global Halal Food and Beverages Market Outlook: Region

6.1. Key Highlights
6.2. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By Region, 2019-2023
6.3. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By Region, 2024-2031
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia and Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
6.4. Market Attractiveness Analysis: Region

7. North America Halal Food and Beverages Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By Market, 2019-2023
- 7.3.1. By Country
- 7.3.2. By Product Type
- 7.3.3. By Distribution channel
7.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 7.4.1. U.S.
- 7.4.2. Canada
7.5. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By Product Type, 2024-2031
- 7.5.1. Milk & Milk Products
- 7.5.2. Meat & Alternatives
- 7.5.3. Grain Products
- 7.5.4. Fruits & Vegetables
- 7.5.5. Others
7.6. Current Market Size (US$ Bn) Analysis and Forecast, By Distribution channel, 2024-2031
- 7.6.1. Hypermarket & Supermarket
- 7.6.2. Departmental Store
- 7.6.3. Online
- 7.6.4. Others
7.7. Market Attractiveness Analysis

8. Europe Halal Food and Beverages Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By Market, 2019-2023
- 8.3.1. By Country
- 8.3.2. By Product Type
- 8.3.3. By Distribution channel
8.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 8.4.1. Germany
- 8.4.2. France
- 8.4.3. U.K.
- 8.4.4. Italy
- 8.4.5. Spain
- 8.4.6. Russia
- 8.4.7. Turkey
- 8.4.8. Rest of Europe
8.5. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By Product Type, 2024-2031
- 8.5.1. Milk & Milk Products
- 8.5.2. Meat & Alternatives
- 8.5.3. Grain Products
- 8.5.4. Fruits & Vegetables
- 8.5.5. Others
8.6. Current Market Size (US$ Bn) Analysis and Forecast, By Distribution channel, 2024-2031
- 8.6.1. Hypermarket & Supermarket
- 8.6.2. Departmental Store
- 8.6.3. Online
- 8.6.4. Others
8.7. Market Attractiveness Analysis

9. East Asia Halal Food and Beverages Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By Market, 2019-2023
- 9.3.1. By Country
- 9.3.2. By Product Type
- 9.3.3. By Distribution channel
9.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 9.4.1. China
- 9.4.2. Japan
- 9.4.3. South Korea
9.5. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By Product Type, 2024-2031
- 9.5.1. Milk & Milk Products
- 9.5.2. Meat & Alternatives
- 9.5.3. Grain Products
- 9.5.4. Fruits & Vegetables
- 9.5.5. Others
9.6. Current Market Size (US$ Bn) Analysis and Forecast, By Distribution channel, 2024-2031
- 9.6.1. Hypermarket & Supermarket
- 9.6.2. Departmental Store
- 9.6.3. Online
- 9.6.4. Others
9.7. Market Attractiveness Analysis

10. South Asia & Oceania Halal Food and Beverages Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By Market, 2019-2023
- 10.3.1. By Country
- 10.3.2. By Product Type
- 10.3.3. By Distribution channel
10.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 10.4.1. India
- 10.4.2. Southeast Asia
- 10.4.3. ANZ
- 10.4.4. Rest of South Asia & Oceania
10.5. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By Product Type, 2024-2031
- 10.5.1. Milk & Milk Products
- 10.5.2. Meat & Alternatives
- 10.5.3. Grain Products
- 10.5.4. Fruits & Vegetables
- 10.5.5. Others
10.6. Current Market Size (US$ Bn) Analysis and Forecast, By Distribution channel, 2024-2031
- 10.6.1. Hypermarket & Supermarket
- 10.6.2. Departmental Store
- 10.6.3. Online
- 10.6.4. Others
10.7. Market Attractiveness Analysis

11. Latin America Halal Food and Beverages Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

11.1. Key Highlights
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By Market, 2019-2023
- 11.3.1. By Country
- 11.3.2. By Product Type
- 11.3.3. By Distribution channel
11.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 11.4.1. Brazil
- 11.4.2. Mexico
- 11.4.3. Rest of Latin America
11.5. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By Product Type, 2024-2031
- 11.5.1. Milk & Milk Products
- 11.5.2. Meat & Alternatives
- 11.5.3. Grain Products
- 11.5.4. Fruits & Vegetables
- 11.5.5. Others
11.6. Current Market Size (US$ Bn) Analysis and Forecast, By Distribution channel, 2024-2031
- 11.6.1. Hypermarket & Supermarket
- 11.6.2. Departmental Store
- 11.6.3. Online
- 11.6.4. Others
11.7. Market Attractiveness Analysis

12. Middle East & Africa Halal Food and Beverages Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

12.1. Key Highlights
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Bn) and Volume (Tons) Analysis, By Market, 2019-2023
- 12.3.1. By Country
- 12.3.2. By Product Type
- 12.3.3. By Distribution channel
12.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 12.4.1. GCC Countries
- 12.4.2. Egypt
- 12.4.3. South Africa
- 12.4.4. Northern Africa
- 12.4.5. Rest of Middle East & Africa
12.5. Current Market Size (US$ Bn) and Volume (Tons) Analysis and Forecast, By Product Type, 2024-2031
- 12.5.1. Milk & Milk Products
- 12.5.2. Meat & Alternatives
- 12.5.3. Grain Products
- 12.5.4. Fruits & Vegetables
- 12.5.5. Others
12.6. Current Market Size (US$ Bn) Analysis and Forecast, By Distribution channel, 2024-2031
- 12.6.1. Hypermarket & Supermarket
- 12.6.2. Departmental Store
- 12.6.3. Online
- 12.6.4. Others
12.7. Market Attractiveness Analysis

13. Competition Landscape

13.1. Market Share Analysis, 2023
13.2. Market Structure
- 13.2.1. Competition Intensity Mapping By Market
- 13.2.2. Competition Dashboard
13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. Nestle S.A
  - 13.3.1.1. Overview
  - 13.3.1.2. Segments and Product Type s
  - 13.3.1.3. Key Financials
  - 13.3.1.4. Market Developments
  - 13.3.1.5. Market Strategy
- 13.3.2. Cargill
  - 13.3.2.1. Overview
  - 13.3.2.2. Segments and Product Type s
  - 13.3.2.3. Key Financials
  - 13.3.2.4. Market Developments
  - 13.3.2.5. Market Strategy
- 13.3.3. Incorporated
  - 13.3.3.1. Overview
  - 13.3.3.2. Segments and Product Type s
  - 13.3.3.3. Key Financials
  - 13.3.3.4. Market Developments
  - 13.3.3.5. Market Strategy
- 13.3.4. Unilever
  - 13.3.4.1. Overview
  - 13.3.4.2. Segments and Product Type s
  - 13.3.4.3. Key Financials
  - 13.3.4.4. Market Developments
  - 13.3.4.5. Market Strategy
- 13.3.5. American Halal Company, Inc
  - 13.3.5.1. Overview
  - 13.3.5.2. Segments and Product Type s
  - 13.3.5.3. Key Financials
  - 13.3.5.4. Market Developments
  - 13.3.5.5. Market Strategy
- 13.3.6. Al-Falah Halal Foods
  - 13.3.6.1. Overview
  - 13.3.6.2. Segments and Product Type s
  - 13.3.6.3. Key Financials
  - 13.3.6.4. Market Developments
  - 13.3.6.5. Market Strategy
- 13.3.7. Prima Agri-Products
  - 13.3.7.1. Overview
  - 13.3.7.2. Segments and Product Type s
  - 13.3.7.3. Key Financials
  - 13.3.7.4. Market Developments
  - 13.3.7.5. Market Strategy
- 13.3.8. One World Foods Inc.
  - 13.3.8.1. Overview
  - 13.3.8.2. Segments and Product Type s
  - 13.3.8.3. Key Financials
  - 13.3.8.4. Market Developments
  - 13.3.8.5. Market Strategy
- 13.3.9. Midamar Corporation
  - 13.3.9.1. Overview
  - 13.3.9.2. Segments and Product Type s
  - 13.3.9.3. Key Financials
  - 13.3.9.4. Market Developments
  - 13.3.9.5. Market Strategy
- 13.3.10. QL Foods
  - 13.3.10.1. Overview
  - 13.3.10.2. Segments and Product Type s
  - 13.3.10.3. Key Financials
  - 13.3.10.4. Market Developments
  - 13.3.10.5. Market Strategy
- 13.3.11. Rosen's Diversified Inc.
  - 13.3.11.1. Overview
  - 13.3.11.2. Segments and Product Type s
  - 13.3.11.3. Key Financials
  - 13.3.11.4. Market Developments
  - 13.3.11.5. Market Strategy

14. Appendix

14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms and Abbreviations