Halal Food & Beverage Market Size

Statistics for the 2023 & 2024 Halal Food & Beverage market size, created by Mordor Intelligence™ Industry Reports. Halal Food & Beverage size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Halal Food & Beverage Industry

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Halal Food & Beverage Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.60 %
Fastest Growing Market Asia Pacific
Largest Market Middle East and Africa
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

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Halal Foods & Beverages Market Analysis

The halal food and beverage market is projected to record a CAGR of 6.6% during the forecast period (2022-2027).

The global halal food & beverage market witnessed a small decline during the COVID-19 pandemic. The consumption of red meat declined substantially, which had an impact on halal meat as well. But the companies focused on the creation of new products to regain customer attention in the market. For instance, in 2020, Bilal Group introduced a new line of halal meat dishes under its brand, Cucina. This launch helped the company to expand its product portfolio and widen its reach in the market.

There is rising interest among consumers in consuming organic and natural food and beverage products, representing a strong adjacent market for halal food products to address. Halal beverages are expected to be increasingly available in western-style grocery stores, including supermarkets and hypermarket chains. In many countries, supermarkets and food producers have started reaching out to Muslim consumers by offering a wider selection of halal beverage products.

The market is projected to witness immense growth in the forecast period, owing to rising demand from both Muslim and Non-Muslim consumers. This is mainly due to the hygiene-related benefits of halal products, like being free from impurities, alcohol, and blood. Moreover, companies are increasingly complying with halal-based preparation as this certification provides both quality and taste level, thereby providing an edge in the marketplace.

Halal Foods & Beverages Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)