Global Halal Food Market Insights and Forecast to 2028

The Arabic word for “permitted.” Halal is commonly seen as “Halal” which means food that is permitted under Islamic guidelines as found in the Qu’ran Most food and drinks are considered Halal unless they are clearly stated as forbidden in the Qur’an (holy book of Islam) and hadith (prophetic traditions).

The halal industry is based on a belief that Muslims should eat food and use goods such as cosmetics that are "halalan toyibban", which means permissible and wholesome. In fact, the halal market is non-exclusive to Muslims, and has gained increasing acceptance among non- Muslim consumers who associate halal with ethical consumerism.

Actually, the halal industry has now expanded beyond the food sector to include pharmaceuticals, cosmetics, health products, toiletries and medical devices as well as service sector components such as logistics, marketing, print and electronic media, packaging, branding, and financing. In addition, the halal food marketplace is emerging as one of the most profitable and influential market arenas in the world food business today.
Market Analysis and Insights: Global Halal Food Market
Due to the COVID-19 pandemic, the global Halal Food market size is estimated to be worth US$ 1522170 million in 2022 and is forecast to a readjusted size of US$ 1959610 million by 2028 with a CAGR of 4.3% during the review period. Fully considering the economic change by this health crisis, Fresh Products accounting for % of the Halal Food global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Restaurant segment is altered to an % CAGR throughout this forecast period.
The major players in global Halal Food market include Nestle, Allanasons Pvt, BRF, Midamar, etc., and the market concentration rate is low, the top 3 players occupy about 1% shares of the global market. East Asia and Middle East & North Africa are main markets, they occupy about 55% of the global market. Fresh Products is the main type, with a share about 45%. Restaurant and Home are the main applications.
Global Halal Food Scope and Segment
Halal Food market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Halal Food market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Fresh Products
Frozen Salty Products
Processed Products
Others
Segment by Application
Restaurant
Hotel
Home
Others
By Company
Nestle
Cargill
Nema Food Company
Midamar
Namet Gida
Banvit Meat and Poultry
Carrefour
Isla Delice
Casino
Tesco
Halal-ash
Al Islami Foods
BRF
Unilever
Kawan Foods
QL Foods
Ramly Food Processing
China Haoyue Group
Arman Group
Hebei Kangyuan Islamic Food
Tangshan Falide Muslim Food
Allanasons Pvt
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE