The Global Halal Food Market size was valued at USD 2,545.9 billion in 2023 and is projected to reach USD 5,243 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 9.6% during the forecast period, i.e., 2024-30.
Key Findings of the Study: Halal Food Market
Global Halal Food Market Trend: Integration of Blockchain Technology in Halal Certification Systems to Propel Market Growth
The rising need for traceability, ingredient sourcing, and transparency of food products among consumers is increasing the integration of blockchain technology among halal food manufacturers & processors in the current period. Blockchain technology enables consumers to know about the food they are consuming, its origin, its entire processing as well as supply chain. The technology is highly adopted by halal food mart providers, owing to rising awareness amongst consumers regarding their halal food products.
Blockchain technology enables real-time tracking & verification status of halal food products, thereby winning consumer trust over products. Moreover, it prevents any type of adulteration, mislabeling, and fraud related to the quality of halal food products, further increasing consumer trust in food products. As, a result, companies are adopting blockchain technologies for halal products to ensure the reliability and trust of consumers in their food products.
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Scope of the Report and Halal Food Market Segmentation
By Product Type
-Meat Products
–Poultry
—Chicken
—Turkey
—Others (Goose, Duck, etc.)
–Beef
–Mutton
–Seafood
-Dairy Products
–Milk
–Others (Cheese, Butter, etc.)
-Fruits & Vegetables
-Cereals & Grains
-Plant-based & Vegan Products
-Others (Confectionary, Oils, Fats, etc.)
- The Meat products segment held the largest market share over the past few years and is expected to maintain its dominance during the forecast period as well.
By Distribution Channel
-Offline
–Supermarkets & Hypermarkets
–Convenience Stores
–Specialty Stores
-Online
Top leading companies in the Halal Food Market includes:
Cargill Inc, BRF Global, Mondelez International, Del Monte Llc, Unilever Plc, Nestlé (Malaysia) Berhad, Tyson Foods Inc, Al Islami Foods, Saffron Road, QL Resources Berhad, Garuda Foods, Haoyue Group, Kawan Food Manufacturing Sdn Bhd, American Foods Group LLC, Tahira Foods Ltd, etc., among others
Halal Food Market Development
- 2023: Saffron Foods, announced its plans to launch plant-based halal-certified food products in the US and Canada markets.
- 2023: Garudafood announced to launch of a range of new halal-certified food products to expand its product portfolio.
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Geographical analysis:
North America: US, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Malaysia, Indonesia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: UAE, Saudi Arabia, South Africa, Qatar, Egypt
Rest of MEA
- The Middle East & Africa is anticipated to hold a considerable market share during the forecast period.
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