Halal Food Market Demand: 2023, Growth Insights with Revenue Estimation by 2030

Posted by Pearl Smith on June 9th, 2023

The Halal food market refers to the global market for food products that comply with Islamic dietary laws, known as Halal. Halal is an Arabic term that means "permissible" or "lawful" and is primarily associated with the Islamic faith. Halal food is prepared, processed, and produced according to specific guidelines and standards outlined in the Quran (Islamic holy book) and Hadith (sayings and actions of the Prophet Muhammad).

Halal food guidelines include:

Prohibited ingredients: Halal food must not contain any pork or pork by-products, alcohol, blood, or any substances derived from them. Also, any food containing harmful or toxic substances is considered non-Halal.

Method of slaughter: Animals used for Halal meat must be slaughtered by a Muslim who recites the name of Allah (God) before the slaughter. The animal must be healthy and alive at the time of slaughter, and the slaughtering process should be swift and humane.

Processing and handling: Halal food should be processed and handled separately from non-Halal food, and there should be no cross-contamination. Proper sanitation and hygiene practices are essential to maintain the Halal integrity of the food.

The global Halal food market has experienced significant growth in recent years due to the increasing Muslim population and growing consumer awareness of Halal products. The market includes various food segments such as meat and poultry, dairy products, grains, fruits and vegetables, confectionery, snacks, and beverages. Halal food is not limited to Muslim consumers only, as people from different religious backgrounds may also opt for Halal products due to perceived quality, safety, and ethical considerations.

Global halal food market was valued at US$ 879.6 Bn in 2022, exhibiting a CAGR of 12.80% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 2,306.2 Bn by 2030.

Major players operating in the global halal food market include Cargill Inc., Al Islami Foods, QL Resources Sdn Bhd, Haoyue Group, Kawan Food Berhad, BRF S.A., and Saffron Road Food.

Key factors driving the Halal food market's growth include:

Increasing Muslim population: The global Muslim population is growing, creating a larger consumer base for Halal food products.

Rising awareness and demand: Consumers, both Muslims and non-Muslims, are becoming more conscious of the food they consume, leading to an increased demand for Halal products perceived as wholesome and hygienic.

Government initiatives: Several countries with significant Muslim populations have implemented regulations and certification processes to ensure the availability and quality of Halal food products.

Global trade: The international trade of Halal food products has expanded, with countries exporting and importing a wide range of Halal goods to meet the demands of their respective markets.

Tourism and hospitality industry: The Halal food market has witnessed growth due to the increasing number of Muslim tourists seeking Halal-certified dining options while traveling.

Halal certifications: The presence of recognized Halal certification bodies helps in ensuring compliance with Halal standards, building consumer trust, and facilitating market growth.

It's important to note that the Halal food market is not limited to any specific region but has a global presence. Countries with significant Muslim populations such as Indonesia, Pakistan, Bangladesh, and Malaysia have a robust Halal food industry. However, Halal food products are also available in non-Muslim majority countries, with major market players adapting to cater to the growing demand.

The Halal food market also extends beyond basic food items to include Halal-certified cosmetics, personal care products, pharmaceuticals, and other consumer goods.

Overall, the Halal food market is a rapidly growing sector driven by factors such as population growth, increasing awareness, and consumer demand for Halal-certified products. The market presents opportunities for food producers, manufacturers, and retailers to cater to the specific dietary needs and preferences of Muslim consumers and beyond.