Emerging Trends in Halal Food Market: Demand and Forecast 2024-2030
MarkNtel Advisors recently published a detailed industry analysis of the Halal Food Market. The report covers growth trends, regional marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Halal Food Market (2024-2030)
The Global Halal Food Market size was valued at USD 2,545.9 billion in 2023 and is projected to reach USD 5,243 billion by 2030.
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What is driving the Halal Food market?
Increasing Growth in Halal Tourism in Non-Arab Countries– There has been a significant expansion in Halal tourism around the globe driven by consumers demanding travel experiences aligning with their cultural and religious values. The travel requirements of Muslim travelers following Halal regulations require specific conditions, including alcohol-free restaurants, only halal food-providing outlets, Muslim-friendly accommodations, prayer rooms, etc.
Furthermore, not only the Arab countries but also countries like Brazil, Argentina, the Philippines, Nigeria, China, Taiwan, etc., are becoming leading destinations for Halal tourism, owing to the services and facilities provided. The countries provide a suitable environment for Muslims following halal specifications, propelling tourism in the countries. For instance:
In 2022, according to the Global Muslim Travel Index, Malaysia was positioned as the number one destination for Halal Tourism globally.
Thus, the rising Halal tourism across the globe is leading to a significant increase in the establishment of hotels, restaurants, cafes, and food outlets suiting the halal guidelines. This, in turn, is increasing the demand for halal food products. Also, consumers looking for diverse culinary experiences while aligning with their religious beliefs are significant drivers behind the surging demand for halal meat, dairy, and confectionery products, thus driving market growth.
What segments define the Halal Food market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
-By Product Type
-Meat Products- Market Size & Forecast 2019-2030, (USD Million)
-Poultry- Market Size & Forecast 2019-2030, (USD Million)
-Chicken- Market Size & Forecast 2019-2030, (USD Million)
-Turkey- Market Size & Forecast 2019-2030, (USD Million)
-Others (Goose, Duck, etc.) - Market Size & Forecast 2019-2030, (USD Million)
-Beef- Market Size & Forecast 2019-2030, (USD Million)
-Mutton- Market Size & Forecast 2019-2030, (USD Million)
-Seafood- Market Size & Forecast 2019-2030, (USD Million)
-Dairy Products- Market Size & Forecast 2019-2030, (USD Million)
-Milk- Market Size & Forecast 2019-2030, (USD Million)
-Others (Cheese, Butter, etc.) - Market Size & Forecast 2019-2030, (USD Million)
-Fruits & Vegetables- Market Size & Forecast 2019-2030, (USD Million)
-Cereals & Grains- Market Size & Forecast 2019-2030, (USD Million)
-Plant-based & Vegan Products- Market Size & Forecast 2019-2030, (USD Million)
-Others (Confectionary, Oils, Fats, etc.) - Market Size & Forecast 2019-2030, (USD Million)
-By Distribution Channel
-Offline- Market Size & Forecast 2019-2030, (USD Million)
-Supermarkets & Hypermarkets- Market Size & Forecast 2019-2030, (USD Million)
-Convenience Stores- Market Size & Forecast 2019-2030, (USD Million)
-Specialty Stores- Market Size & Forecast 2019-2030, (USD Million)
-Online- Market Size & Forecast 2019-2030, (USD Million)
-By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
Explore the Complete Halal Food Market Analysis Report – https://www.marknteladvisors.com/research-library/halal-food-market.html
Who are the leading key players shaping the Halal Food Market landscape?
Cargill Inc, BRF Global, Mondelez International, Del Monte Llc, Unilever Plc, Nestlé (Malaysia) Berhad, Tyson Foods Inc, Al Islami Foods, Saffron Road, QL Resources Berhad, Garuda Foods, Haoyue Group, Kawan Food Manufacturing Sdn Bhd, American Foods Group LLC, Tahira Foods Ltd, etc., among others
Questions Addressed in this Study
1.What factors are driving the Halal Food Market growth?
2.What are the key insights into the current trends in the Halal Food Market?
3.What is the current size of the Halal Food Market, and how is it projected to change in the future?
4.What is the future outlook for the Halal Food Market in terms of technological advancements and market expansion?
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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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