Halal Food and Beverage Market
Halal Food and Beverage Market Size, Share & Trends Analysis Report, By Product (Meat & Alternatives, Milk & Milk Products, Fruits & Vegetables, Grain Products, and Others), By Distribution Channel (Hypermarket & Supermarket, Departmental Store, and Online Stores), Forecast Period (2022-2028) Update Available - Forecast 2024-2030
halal food and beverage market is expected to grow at a CAGR of 5.5% during the forecast period. Halal means lawful, permitted, or allowed in Islam defined by the Koran. These foods are prepared by following the teachings and laws of Islam. According to Islamic laws, halal foods are safe and do not contain unclean ingredients in it. The rising Muslim population across the globe is fuelling the market for halal food and beverage. There are around 30 countries with a Muslim population in which there are more than 92% of the people which follows Islam religion and there are around 50 countries where the majority of the population is Muslim. This, in turn, is resulting in an increasing demand for halal food and beverages.
Impact of Covid-19 Pandemic on the Global Halal Food and Beverage Market
The pandemic had disrupted almost every industry including the halal food and beverage market as due to the COVID-19 the supply chain was affected severely. Most of the key players, exporters, and importers experienced a decline in the sale of halal food and beverage products due to the temporary ban on import and export across the globe. During the pandemic, the demand for meat products was slowed down due to hygiene and safety purposes, which negatively affected the market growth. After the pandemic, the market is anticipated to grow normally as before due to the safety and quality products offered.
Segmental Outlook
The global halal food and beverage market is segmented based on product and distribution channel. Based on the product, the market is segmented into meat & alternatives, milk & milk products, fruits & vegetables, grain products, and others. Based on the distribution channel, the market is segmented into hypermarkets & supermarkets, departmental stores, and online stores. Based on distribution channel, the hypermarket & supermarket segment has witnessed significant growth owing to the expansion of these stores across the globe. The above-mentioned segments can be customized as per the requirements.
Meat & Alternative Segment Hold Prominent Share in the Market
Based on product, the meat and alternatives segment is expected to hold a significant share in the global halal food and beverage market across the globe. The rising awareness about hygiene, safety, and bacteria-free meat and the rising demand for halal meat across several countries is leading to an increasing share of this segment. As per the Agricultural & Processed Food Products Export Development Authority (APEDA), India’s export of Animal Products was $3,670.24 million, which includes the major products such as buffalo meat ($3,171.19 million), Sheep/ Goat Meat ($44.57 million), and other meat ($2.47 million). This shows the upward trend for meat products, and thereby halal meat.
Regional Outlook
The global halal food and beverage market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). Based on geography, Europe halal food and beverage market is driven by the rising demand for halal meat products in the region. The market can be analyzed for a particular region or country level as per the requirement.
Global Halal Food and Beverage Market Growth, By Region 2022-2028
Asia-Pacific Region to Witness Fastest Growth in the Global Halal Food and Beverage Market During the Forecast Period.
Asia-Pacific is expected to hold a potential share in the global halal food and beverage market across the globe during the forecast period. The growing Muslim population in the region coupled with the migration of Muslims in the Asia-Pacific region is anticipated to drive the market growth in the region. There is a significant Muslim population across Asia-Pacific countries such as Pakistan, Indonesia, and others, which in turn increases the demand for halal products in the region.
Market Players Outlook
The major companies operating in the global halal food and beverage market include Nestlé S.A., Cargill, Inc., American Foods Group, LLC, Unilever plc, and JBS SA. The market players are contributing significantly to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, and new product launches, to stay competitive in the market. For instance, in April 2022, JBS SA declared that it is expanding in the Middle East and North Africa, buying two plants in the region. The Sao Paulo-based company bought facilities in Saudi Arabia and the United Arab Emirates that produce mainly frozen food including beef, chicken, vegetables and fruits. JBS is also creating its distribution network in the region, establishing three companies to place its products in Saudi Arabia, United Arab Emirates and Kuwait.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global halal food and beverage market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Recovery Scenario of Global Halal Food and Beverage Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Nestlé S.A
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Cargill, Inc.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. American Foods Group, LLC
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Unilever plc
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. JBS SA
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Halal Food and Beverage Market by Products
4.1.1. Meat & Alternatives
4.1.2. Milk & Milk Products
4.1.3. Fruits & Vegetables
4.1.4. Grain Products
4.1.5. Others
4.2. Global Halal Food and Beverage Market by Distribution Channel
4.2.1. Hypermarket & Supermarket
4.2.2. Departmental Stores
4.2.3. Online Stores
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Al Islami Foods
6.2. Azan International
6.3. BRF S.A.
6.4. Crescent Foods Inc.
6.5. DagangAsia Network Holding Sdn. Bhd.
6.6. Ferrero International SA
6.7. Kawan Food Manufacturing Sdn. Bhd.
6.8. Midamar Corp.
6.9. One World Foods Inc.
6.10. QL Foods Sdn. Bhd.
6.11. Rosen's Diversified, Inc.
6.12. Tahira Foods Ltd.
1. GLOBAL HALAL FOOD AND BEVERAGE MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
2. GLOBAL HALAL MEAT & ALTERNATIVES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL HALAL MILK & MILK PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL HALAL FRUITS & VEGETABLES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL HALAL GRAIN PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL OTHER HALAL FOOD AND BEVERAGE PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL HALAL FOOD AND BEVERAGE MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
8. GLOBAL HALAL FOOD AND BEVERAGE FROM HYPERMARKET & SUPERMARKET MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL HALAL FOOD AND BEVERAGE FROM DEPARTMENTAL STORES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL HALAL FOOD AND BEVERAGE FROM ONLINE STORES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL HALAL FOOD AND BEVERAGE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. NORTH AMERICAN HALAL FOOD AND BEVERAGE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
13. NORTH AMERICAN HALAL FOOD AND BEVERAGE MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
14. NORTH AMERICAN HALAL FOOD AND BEVERAGE MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
15. EUROPEAN HALAL FOOD AND BEVERAGE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. EUROPEAN HALAL FOOD AND BEVERAGE MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
17. EUROPEAN HALAL FOOD AND BEVERAGE MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
18. ASIA-PACIFIC HALAL FOOD AND BEVERAGE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. ASIA-PACIFIC HALAL FOOD AND BEVERAGE MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC HALAL FOOD AND BEVERAGE MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
21. REST OF THE WORLD HALAL FOOD AND BEVERAGE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. REST OF THE WORLD HALAL FOOD AND BEVERAGE MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
23. REST OF THE WORLD HALAL FOOD AND BEVERAGE MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
1. GLOBAL HALAL FOOD AND BEVERAGE MARKET SHARE BY PRODUCT, 2021 VS 2028 (%)
2. GLOBAL HALAL MEAT & ALTERNATIVES MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL HALAL MILK & MILK PRODUCTS MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL HALAL FRUITS & VEGETABLES MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL HALAL GRAIN PRODUCTS MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL HALAL OTHER HALAL FOOD AND BEVERAGE PRODUCTS MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL HALAL FOOD AND BEVERAGE MARKET SHARE BY DISTRIBUTION CHANNEL, 2021 VS 2028 (%)
8. GLOBAL HALAL FOOD AND BEVERAGE FROM HYPERMARKET & SUPERMARKET MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL HALAL FOOD AND BEVERAGE FROM DEPARTMENTAL STORE MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL HALAL FOOD AND BEVERAGE FROM ONLINE STORES MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL HALAL FOOD AND BEVERAGE MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. US HALAL FOOD AND BEVERAGE MARKET SIZE, 2021-2028 ($ MILLION)
13. CANADA HALAL FOOD AND BEVERAGE MARKET SIZE, 2021-2028 ($ MILLION)
14. UK HALAL FOOD AND BEVERAGE MARKET SIZE, 2021-2028 ($ MILLION)
15. FRANCE HALAL FOOD AND BEVERAGE MARKET SIZE, 2021-2028 ($ MILLION)
16. GERMANY HALAL FOOD AND BEVERAGE MARKET SIZE, 2021-2028 ($ MILLION)
17. ITALY HALAL FOOD AND BEVERAGE MARKET SIZE, 2021-2028 ($ MILLION)
18. SPAIN HALAL FOOD AND BEVERAGE MARKET SIZE, 2021-2028 ($ MILLION)
19. REST OF EUROPE HALAL FOOD AND BEVERAGE MARKET SIZE, 2021-2028 ($ MILLION)
20. INDIA HALAL FOOD AND BEVERAGE MARKET SIZE, 2021-2028 ($ MILLION)
21. CHINA HALAL FOOD AND BEVERAGE MARKET SIZE, 2021-2028 ($ MILLION)
22. JAPAN HALAL FOOD AND BEVERAGE MARKET SIZE, 2021-2028 ($ MILLION)
23. SOUTH KOREA HALAL FOOD AND BEVERAGE MARKET SIZE, 2021-2028 ($ MILLION)
24. REST OF ASIA-PACIFIC HALAL FOOD AND BEVERAGE MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF THE WORLD HALAL FOOD AND BEVERAGE MARKET SIZE, 2021-2028 ($ MILLION)
