The halal food market comprises a wide range of products including fresh and processed meat and poultry, fresh fruits and vegetables, beverages, processed food and beverages, and cereals and grains. Growing Muslim population across the world paired with preferences surrounding religious beliefs and values is driving the demand for halal certified food and beverages. The global halal food industry practices standards relating to the humane treatment of animals during slaughter, proper handling and storage of foods by employees, and ensuring herbal and harmful ingredients are not used in processing.

The Global Halal Food Market is estimated to be valued at US$ 1.43 billion in 2024 and is expected to exhibit a CAGR of 5.1% over the forecast period 2024 to 2030.

Key Takeaways

Growing demand has prompted global players like Cargill and Nestle to expand their production facilities across Asia Pacific and Middle Eastern countries with large Muslim populations like Indonesia, Malaysia, Pakistan and Saudi Arabia. National and local Halal Food Market Size certification bodies have also emerged in countries like Malaysia, Pakistan, Indonesia, Europe and the United States to facilitate trade and consumer trust. The market is observing rapid globalization with investments and partnerships between international organizations and SMEs.

Key players operating in the halal food market are Cargill Inc., Al Islami Foods, QL Resources Sdn Bhd, Haoyue Group, Kawan Food Berhad, BRF S.A., Saffron Road Food. Cargill Inc, Kawan Food Berhad and BRF S.A. accounted for over 25% of the global revenue share in 2023. The growing Muslim population coupled with rising awareness regarding halal certification and proper processing of foods has been fueling the demand over the past decade. Organizations like the World Halal Food Council and Islamic Food and Nutrition Council of America have played pivotal roles in drafting global regulations and standards relating to halal food production and distribution, aiding market expansion.

Market drivers
The rising Muslim population globally is one of the major market drivers for the halal food industry. The Muslim population stood at around 1.9 billion in 2023 and is expected to grow to over 2.2 billion by 2030, predominantly in Asia Pacific and Middle Eastern countries. stricter religious beliefs and cultural practices around food and nutrition are propelling the demand for certified halal products. Increasing disposable incomes coupled with growing health and wellness trends are also fueling the uptake of processed halal foods and beverages.

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