Halal Food and Beverages Market Analysis - Global Industry Size, Share, Trends and Forecast 2022 - 2030

Introduction

Halal is referred to what is permissible or lawful in traditional Islamic law. It is mostly applied to the permissible food and drinks. There are number of halal certified food products such as halal foie gras, spring rolls, chicken nuggets, ravioli, lasagna, pizza, and baby food. One of the common examples of non-halal food product is pork. In United States, the halal food industry is expanding at a high rate. An increasing Muslim population, and younger non-Muslim customers who consume these foods for non-religious reasons, drove total sales to US$20 billion in 2016, a 15 percent increase since 2012.

Market Dynamics

The global halal food and beverages market is driving at a high speed during the forecast period 2018–2015, owing to the growing Muslim population and their considerably increasing spending on food & non-beverages. For instance, June 2017, the Pew Research Institute estimates that there are around 1.8 billion Muslims in the world, nearly about one-fourth of the world’s population. In the recent years there has been an incredible demand for the halal food items owing to the varied tastes and interests of Muslim population across the globe. Additionally, increasing standard of living, improved lifestyles, and growing disposable incomes across the globe are some of the major factors propelling the growth of the market. The market is expected to witness the considerable growth in coming years owing to the increasing demand for food supplements as a result of rising number of populations with malnutrition.

Market Classification and Overview

The global halal food and beverages market is segmented into product, distribution channel, and region. On the basis of the product, the market is segmented into meat & alternatives, milk & milk products, fruits & vegetables, grain products, and others. The meat & alternatives product segmented is expected to hold the major share during the forecast period 2018–2025. Based on distribution channel, the market is segmented into hypermarkets/supermarket, specialty stores, online sales channel, and other. The supermarket segmented is expected to dominate the market.

Regional Overview

Geographically, the global halal food and beverages market is segmented into four major regions such as North America, Europe, Asia Pacific (APAC), and Latin America, and Middle East & Africa (Latin America and MEA).

North America is expected to drive the global halal food and beverages market especially in U.S. during the forecast period 2018–2025. The U.S. is estimated to be the major consumer of meat products, and has an opened opportunity for the use of halal foods and beverages in this region. Moreover, increasing consumption of halal food and beverages products due to the changing consumer preference may uplift the growth of the market in this region.

For instance, in August 2018, it is estimated that many U.S. cities have more than 100 halal restaurants, with the highest number in California. It is also estimated that more than 7,500 locations sold halal food in the U.S. in 2016.

Europe is expected to hold the major share for the market growth during the forecast period 2018–2025. The Muslim population is increasing at a high rate owing to the immigration and high birth rates. The increasing awareness of health benefits and growing consumption of meat is driving the market in this region.

Asia Pacific is expected to be the largest market during the forecasted period owing to the increasing demand for the meat and meat products and as well as high disposable income.

The Latin America and MEA is expected to be one of the growing regions as the demand for the halal food products is high across the Islamic countries such as Saudi Arabia, the United Arab Emirates, Kuwait, Bahrain, Oman, and Qatar due to religious norms which is predicted to result in significant revenue generation across the Middle East and African region.

Report Coverage

Market Participants

Al Islami Foods, QL Foods, Nestlé, Saffron Road Food, Beijing Shunxin Agriculture, Prima Agro-Products, Kellogg, Guenther Bakeries UK Ltd., Royal Unibrew A/Sare the key players in the market.These players involved have adopted the strategies including product development, and mergers and acquisitionswith local as well as established players to sustain in the industry.

Market Segmentation

Market by Product

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

Market by Distribution Channel

• Hypermarkets/Supermarket
• Specialty Stores
• Online Sales Channel
• Other

Market by Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • Rest of MEA