The global halal food market is experiencing rapid growth, projected to reach approximately US$ 4,569.69 Billion by 2030, driven by factors such as increasing consumer health awareness, a shift towards halal diets, and the expanding Muslim population worldwide. Anticipated growth stands at a robust CAGR of 9.33% from 2024 to 2030.
Major industry players are diversifying their portfolios to meet the market’s demands, offering a variety of halal-certified products such as pasta, vegetables, and dairy derivatives. Stringent global regulations for halal certification, like those imposed by the Saudi Arabia Food and Drug Authority, are contributing to market expansion by attracting new entrants.
The market is segmented into various product categories, with meat products holding a significant share due to rising demand for hygienic meat. Hypermarkets and supermarkets play a vital role in distribution, benefiting from economies of scale and offering a wide range of halal products at competitive prices.
India’s growing Muslim population presents a promising market opportunity, driven by migration trends and increased purchasing power within the community. Leading market players are innovating and setting industry standards through strategic partnerships and product expansion.
The report provides a comprehensive analysis of the market, including breakdowns by product types, distribution channels, and specific countries. Key companies such as Nestle SA, JBS SA, and BRF SA are profiled, along with a detailed breakdown of product categories and distribution channels within the market.
