Latest News- Halal Food Market: Halal MPS is expected to lead the Product segment during 2025-2029

The Halal Food Market is being driven by Increasing consumer expenditure on halal food

The Halal Food Market is expected to grow at a CAGR of 3.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 355 billion. In the realm of offline distribution channels for halal foods, hypermarkets and supermarkets play a pivotal role. Organized retailing, a significant aspect of these channels, streamlines the purchasing process for consumers and provides them with an extensive selection of halal food items. Notable retailers, such as Tesco Plc (Tesco), Target Brands Inc. (Target), and ALDI Inc. (ALDI), are major players in this sector, offering a wide array of halal food products. The expansion of organized retailers providing private-label halal food offerings is a key market growth driver during the forecast period. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Halal MPS
  • Halal BCC
  • Halal FVN
  • Halal beverages
  • Others
• Distribution Channel
  • Offline
  • Online
• Type
  • Organic
  • Inorganic
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Middle East and Africa
    • South Africa
    • Egypt
    • Nigeria
  • Europe
  • South America
  • North America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing consumer expenditure on halal food
• Expansion of halal food production facilities
• Strong distribution network between halal food manufacturers and retailers

However, the market also witnesses some limitations, which are as follows:

• Increasing threat from fake halal food; food scams
• Halal food storage, handling, and transportation challenges
• Lack of globally accepted regulatory standards for halal certification

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Market Scope in Halal Food Market Research Report

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Research Analysis Overview

The Halal food market caters to the Muslim diet, adhering to Islamic law and its dietary restrictions. Prohibited foods include pork and alcohol. Certification from recognized bodies ensures compliance with these laws. Food manufacturers seek Halal certification for their products, expanding their reach to Muslim buyers. Halal food includes fruits, vegetables, dairy products, cereals, grains, confectionery, and even plant-based burgers made from sunflower protein. Traditional retailers, supermarkets, hypermarkets, online retailers, and even grocery stores stock Halal foods. The Halal food industry's sales of meat and other permissible items dominate the food supply chain. Halal certification is crucial for manufacturers to penetrate this market.

Market Research Overview

The Halal food market represents a significant segment within the global packaged foods and meats industry, adhering to Islamic dietary laws. Compliance with Islamic law necessitates the exclusion of pork and alcohol, making certification crucial for manufacturers. The market's size is determined by the consolidated revenue of vendors involved in Halal food processing, extending shelf life, and eliminating non-permissible substances. Factors driving growth include the health benefits associated with consuming minimally processed Halal foods, such as vegetables, which are rich in essential nutrients like potassium, dietary fiber, folate, vitamin A, and vitamin C.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/