Unlocking the Future of Halal Food: Global Market Projected to Surge to $5.96 Trillion by 2033 – Key Insights on UAE, China, Germany, and Canada

Dublin, Jan. 16, 2025 (GLOBE NEWSWIRE) — A new report reveals that the Halal Food Market is set to grow significantly, from $2.67 trillion in 2024 to $5.96 trillion by 2033, marking a compound annual growth rate (CAGR) of 9.3%. This rise is driven by the increasing demand for halal-certified products, a growing Muslim population, and heightened awareness around food safety and ethical consumption.

Currently, the global Muslim population surpasses 1.9 billion. This demographic is the main consumer of halal food, adhering to dietary restrictions that prohibit pork and alcohol. Interestingly, more non-Muslims are also choosing halal products, drawn by perceptions of health benefits and ethical standards. With the middle class expanding in many Muslim countries, there is a rising interest in high-quality halal items, which are available across various food categories like meat, dairy, snacks, and beverages.

Rising Muslim Population

The global Muslim population has a notable influence on the halal food market. Countries like Indonesia, home to an estimated 231 million Muslims, represent over 13% of the world’s Muslim population. As the Muslim middle class grows, so does the demand for premium halal options.

Health and Wellness Trends

Consumers everywhere are more health-conscious. They prefer clean, safe food, a demand that aligns well with halal food standards. Many believe that halal products offer higher quality and cleanliness, appealing not just to Muslims but to those who prioritize health and ethics in their diet. According to the International Food Information Council’s 2022 survey, food trends like plant-based diets and clean eating are gaining traction.

Halal Certification and Trade Expansion

Standardized halal certification has made it easier for halal products to reach global markets. Once confined primarily to Muslim-majority regions, halal foods are now found in parts of Europe, North America, and Asia, creating new opportunities. Strict import regulations in countries like Malaysia and Saudi Arabia demand halal certification for food products, encouraging companies to obtain certification and increase the supply of halal goods worldwide.

Challenges in the Market

Despite its growth, the halal food market faces challenges such as inconsistent certification standards across regions, making international trade complicated. The sourcing of halal ingredients is also a concern, particularly in non-Muslim-majority areas where options may be limited, driving up production costs.

Halal Meat and Poultry Market

The demand for halal meat, poultry, and seafood continues to rise, driven by Muslim consumers and an increasing interest from non-Muslims in ethically sourced food. This market includes a variety of products, from meat to seafood, and is supported by a growing awareness of food safety and ethical sourcing.

Specialty Stores for Halal Food

Specialty stores focusing on halal food are becoming popular as consumers seek high-quality certified options. These stores offer a range of halal products, including snacks and beverages, while ensuring strict adherence to halal standards. They cater to both Muslims and those interested in ethical or clean food.

Regional Markets

The halal food market is expanding in various regions:

• Canada: The growing Muslim population is increasing demand for halal products, leading to more dedicated halal grocery stores.
• Germany: With a significant Muslim community, the market for halal food options is robust, catering to both Muslim and ethical consumers.
• China: The rise in the Muslim population is driving demand for halal-certified products, supported by government initiatives promoting halal standards.
• UAE: This country serves as a hub for halal products, driven by a large Muslim population and tourism.

Company Analysis

• Nestle SA
• JBS SA
• BRF SA
• Kawan Food Berhad
• Cargill Inc.
• Carrefour SA
• Crescent Foods Inc.
• VegaVites
• American Halal Company Inc.
• American Foods Group LLC
• Al Islami Foods

The report provides comprehensive insights into the growth drivers, challenges, and dynamics of the global halal food market. It helps stakeholders understand market trends and consumer preferences in halal food.