Halal Food and Beverage Market Size was valued at USD 799 billion in 2022 and is expected to reach USD 1.11 trillion by 2030, and grow at a CAGR of 4.2% over the forecast period 2023-2030.
Halal food is a food that complies with Islamic regulations, as characterized in the Quran. Halal rules normally disallow food sources, for example, pork or other meat not butchered by Islamic guidelines and blood-based items like liquor, while allowing just fit meats (like hamburgers) and chicken with halal confirmation. The word Halal means passable and it applies to any object that is permitted by Islam, similar to meat or anything overall.
Halal food is ready with a certain goal in mind and in view of Islamic regulations. To convey the halal confirmation, a creature should be butchered by a Muslim who summons Allah for gift (Bismillah) prior to butchering them with a sharp blade while slitting their jugular, windpipe, and jugular veins at the same time. Halals is otherwise called 'halāl' or ṭayyib, meaning unadulterated or healthy which alludes to any object that has been made clean as indicated by Islam's rules when it comes into contact with pork items like bacon or ham. An individual can devour such food on the off chance that they see if there was any defilement of these fixings from non-pork sources during handling.
Halal beverages are any refreshment that contains no illegal fixings. Instances of allowed drinks incorporate water, espresso, and tea without caffeine or milk items as well as natural product juice with no added sugar. Cocktails from the Islamic confidence likewise fall under this classification notwithstanding cola and caffeinated drink blends. Halal beverages are not allowed to contain any fixings precluded by the Islamic confidence, including meat concentrates, for example, hamburgers remove for drinks containing nutrients; yeast or different substances got from either creatures or bugs.
Driving Factors:
Restraining Factors:
Opportunities:
Challenges:
The disturbance of the food inventory network inferable from the quick spread of COVID-19 impacted the food and refreshment market including the halal food industry. Driving makers overall encountered a decrease in labor and disturbance in the import and commodity of halal food which fundamentally impacted the utilization and deal capacity. Likewise, the log jam popular for meat items because of wellbeing and cleanliness worries during the pandemic adversely affected the business.
Product type:
The meat and options portion held the biggest piece of the pie and is supposed to keep up with predominance during the figure time frame. Developing shopper inclination for microscopic organisms free meat inferable from wellbeing, cleanliness, and security concerns, the interest for these items will observe an ascent in the predictable period. In any case, grain items are projected to enroll the quickest development during the conjecture time frame. Oats or grain items are picking up speed among purchasers because of their dietary advantages. These items incorporate wheat, rice, pasta, bread, and breakfast oats.
Distribution Channel:
Hypermarkets and store were a bigger conveyance channel with a portion of the overall industry. A rising number of these stores across different districts have encountered a flood in the conveyance of halal food on the lookout. The web-based circulation channel is expected to enlist quicker development during conjecture years. The quick computerized change welcomed on by Muslim and non-Muslim customers searching for solid, tasty, and advantageous dinners that can be conveyed at home, will support the section development.
By Product:
Meat & Alternatives
Milk & Milk Products
Fruits & Vegetables
Grain Products
Others
By Distribution Channel:
Hypermarket & Supermarket
Departmental Store
Online
Others
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North America
The USA
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Asia Pacific held the most extreme halal food and drinks portion of the overall industry. The biggest Islamic populace is engaged in the Asia Pacific district as the four greatest countries as far as the Muslim populace are arranged on this mainland, containing India, Indonesia, Pakistan, and Bangladesh. The Middle East and Africa have enormous idle for the market development as the clients in this district are basically Muslim with expanding per capita incomes. Europe is noticing huge development on the lookout. Flooding adaptable earnings combined with a rising Muslim populace is assessed to lift the interest for halal items.
Nestlé S.A, Cargill, Incorporated, Unilever, American Halal Company, Inc., Al-Falah Halal Foods, Prima Agri-Products, One World Foods Inc., Midamar Corporation, QL Foods, Rosen's Diversified Inc.
Cargill-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 799 Billion |
| Market Size by 2030 | US$ 1.11 Trillion |
| CAGR | CAGR 4.2% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | •by Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail Stores and Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, +D11UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Nestlé S.A, Cargill, Incorporated, Unilever, American Halal Company, Inc., Al-Falah Halal Foods, Prima Agri-Products, One World Foods Inc., Midamar Corporation, QL Foods, Rosen's Diversified Inc. |
| Key Drivers | •The tendency towards nutritious and safe quality food. |
| Market Restraints | •The stoppage popular for meat items because of wellbeing and cleanliness concerns. |
The CAGR of the Halal Food and Beverage market is 4.2% over the forecast period 2023-2030.
The expected value of the Halal Food and Beverage market in 2030 is US$ 1.11 Trillion.
The prominent players in the market are Nestlé S.A, Cargill, Incorporated, Unilever, American Halal Company, Inc., Al-Falah Halal Foods, Prima Agri-Products, and others in the final report.
The tendency towards nutritious and safe quality food.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value chain analysis
6. Porter’s 5 forces model
7. PEST analysis
8. Global Halal Food And Beverage market segmentation, by Product:
8.1 Meat & Alternatives
8.2 Milk & Milk Products
8.3 Fruits & Vegetables
8.4 Grain Products
8.5 Others
9. Global Halal Food And Beverage market segmentation, by Distribution channel:
9.1 Hypermarket & Supermarket
9.2 Departmental Store
9.3 Online
9.4 Others
10. Global Halal Food And Beverage market, by region/ country
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.2.3 Rest of Latin America
11. Company profiles
11.1 Nestlé S.A
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 Swot Analysis
11.1.4 The SNS View
11.2 Cargill, Incorporated
11.3 Unilever
11.4 American Halal Company, Inc.
11.5 Al-Falah Halal Foods
11.6 Prima Agri-Products
11.7 One World Foods Inc.
11.8 Midamar Corporation
11.9 QL Foods
11.10 Rosen's Diversified Inc.
12. Competitive Landscape
12.1 Competitive Bench Marking
12.2 Market Share Analysis
12.3 Recent Developments
13. Conclusion
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