Halal Foods Market Estimated to Reach $6,817.18 Billion by 2034 | Projected CAGR: 9.4%

Global Halal Food Market size and share is currently valued at USD 2,765.95 billion in 2024 and is anticipated to generate an estimated revenue of USD 6,817.18 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 9.4% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 – 2034

Market Overview:

The halal food market encompasses a wide variety of products, including meat, poultry, dairy, beverages, snacks, and packaged foods. Halal food is prepared and processed according to Islamic law, which prohibits the consumption of certain ingredients such as pork, alcohol, and improperly slaughtered animals. These products undergo stringent certification processes to ensure compliance with halal standards.

Market’s Growth Drivers:

Several key factors are driving the growth of the halal food market:

Growing Muslim Population

The most significant factor driving the growth of the halal food market is the increasing Muslim population worldwide. According to demographic trends, the Muslim population is projected to grow faster than the global population, leading to a higher demand for halal food products. Major markets for halal food include the Middle East, Southeast Asia, and parts of Europe and North America where there is a significant Muslim presence.

Rising Demand for Ethical and Sustainable Food

Consumers are becoming more conscious about the ethical implications of their food choices, and halal food is seen as a more humane and sustainable alternative. Halal food certification requires strict regulations regarding animal welfare, cleanliness, and the use of permissible ingredients, which align with consumers’ growing preference for ethical food production methods. Additionally, halal food’s emphasis on cleanliness and hygiene appeals to health-conscious consumers.

Expanding Non-Muslim Consumer Base

An increasing number of non-Muslim consumers are becoming aware of the benefits of halal food, including its high quality, ethical production practices, and health advantages. This is particularly evident in markets like Europe and North America, where halal food is gaining popularity among people with dietary restrictions or those looking for cleaner, healthier food options.

𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:

https://www.polarismarketresearch.com/industry-analysis/halal-food-market/request-for-sample

List of Key Players in Halal Food Market

  • Al Islami Foods
  • Al-Falah Halal Foods Ltd.
  • American Halal Company, Inc.
  • BRF S.A.
  • Cargill, Incorporated
  • DagangHalal Group
  • Kawan Food Berhad
  • Midamar Corporation
  • Nema Food Company
  • Nestlé S.A

Halal Food Industry Developments:

  • October 2024: The Indian government introduced new policy guidelines for the export of halal meat. Under the new regulations, only meat produced, packaged, or processed in facilities certified under the “India Conformity Assessment Scheme (I-CAS) – Halal” will be eligible for export to 15 countries, including Saudi Arabia, Bangladesh, and the UAE.
  • June 2024: Saffron Road, a brand owned by American Halal Company, expanded its product range with the addition of four new frozen food items. The new products include Drunken Noodles, Vegetable Bibimbap, Korean Fire-Roasted Chicken, and Fire-Roasted Adobo Chicken. The company emphasized that all of these products are both gluten-free and halal certified.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

The Halal Food Market segmentation divides the market into several segments. The industry segmentation is primarily based on product type, application, end-use, and geographic factors. Besides, the research study covers several sub-segments of the market. An in-depth examination of each market segment and sub-segment has been provided, covering the industry size, growth prospects, industry drivers, and challenges. The detailed market segmentation helps stakeholders identify the diverse needs of different consumer groups in the market. Also, it pinpoints opportunities for targeted marketing and product development strategies.

By Product Type Outlook

  • Raw Meat
  • Processed & Packed Food
  • Bakery & Confectionery
  • Others

By Distribution Channel Outlook

  • Supermarkets & Hypermarkets
  • Convenience Stores
  • Online Stores
  • Specialty Stores
  • Others

The halal food market is expanding rapidly as a result of demographic shifts, growing ethical and health concerns, and an increasing recognition of halal products’ quality and benefits. The market’s growth is supported by the rising Muslim population, the ethical and sustainable appeal of halal food, and the growing interest from non-Muslim consumers. As innovation continues and consumer preferences evolve, the halal food market is expected to become an integral part of the global food industry, offering a wide range of healthy, ethical, and high-quality food options to diverse consumer groups.