Halal Market Growth Opportunities

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Halal Market Share, Size, Analysis, Growth, Regional Outlook,
Strategies, Trends and Forecasts to 2024 | Hexa Research
"Halal Market Size To Reach USD 12.14 Trillion By
2024."
The global Halal Market size was valued at USD 5.73 trillion in 2016 and is expected to grow on account of
rising Muslim population and increasing availability of these products & services. Increasing spending on
Halal products & services by consumers besides Muslims is expected to trigger the growth of the market over
the forecast period.
The Islamic finance sector has witnessed tremendous growth over the past few years with the emergence of
crowd funding platforms including Human Crescent. Lack of awareness has resulted in an enormous
opportunity for products & services offered by this segment. The segment is likely to grow at a CAGR of
10.5% from 2017 to 2024.
Speedy growth of economies in the Middle East and South East Asia are expected to augment the growth of
the market owing to the presence of large Muslim population. These economies are likely to emerge as
popular destinations for food and fashion. The Middle East halal market is expected to witness a double -digit
growth generating revenues worth USD 6.53 trillion by 2024.
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The demand for qualified halal products among non-Muslim customers has been on the upsurge as more
consumers are looking for high superiority, safe and righteous products. Non-Muslim consumers in Asia
Pacific are likely to play a vital role in driving the regional market making it the second largest marketplace
after the Middle East, contributing to 30.9% of the global revenues by 2024.
The Islamic economy is being driven primarily by the increasing youth population with high disposable
incomes. These factors are likely to drive various segments of the halal market inclu ding fashion, food,
finance, travel, and media & recreation. Moreover, increasing availability of these products & services is
expected to fuel the growth of the market over the projected period.
Keeping in mind the growth of the global halal industry, several food companies including KFC and Nestle are
offering halal products to their Muslim consumers. The emergence of Islamic finance institutions offering
finance and banking assets are expected to provide further impetus to businesses that are focusing o n
venturing into the halal industry, thereby resulting in tremendous growth of the global halal industry over the
next few years.
Hexa Research has segmented the global halal market based on product and region:
Segmentation by product, 2014 - 2024 (USD Billion)
• Food & Beverages
• Travel
• Media & Recreation
• Finance
• Fashion
• Pharmaceutical
• Cosmetics
Segmentation by region, 2014 - 2024 (USD Billion)
• Americas
• U.S.
• Europe
• Turkey
• Russia
• Asia Pacific
• Indonesia
• India
• Middle East
• Saudi Arabia
• Iran
• Africa
Key players analysed:
• Diana Kotb
• INAYAH
• Al-Rajhi Bank
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• Al-Salam Bank
• MMA Bio Lab SdnBhd
• Ivy Beauty Corporation SdnBhd
• Nema Food Company
• Midamar
• Chemical Company of Malaysia Berhad (CCM Pharmaceuticals SdnBhd)
• PharmaniagaBhd
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Table of Content of Halal Market
Chapter 1. Market Summary
1.1. Market trends & movement
Chapter 2. Global Halal Market: Drivers & Opportunities
2.1. Introduction
2.2. Key industry trends
2.3. Market drivers
2.4. Market restraints
2.5. Value chain analysis
2.6. Porter's Five Forces analysis
2.7. SWOT
Chapter 3. Global Halal Market Trends, By Product
3.1. Global halal market movement, by product, 2016 & 2025
3.2. Food & Beverages
3.2.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
3.3. Finance
3.3.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
3.4. Media & Recreation
3.4.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
3.5. Tourism
3.5.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
3.6. Cosmetics
3.6.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
3.7. Pharmaceutical
3.7.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
3.8. Fashion
3.8.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
Chapter 4. Global Halal Market Trends, By Region
4.1. Global halal market movement, by region, 2016 & 2025
4.2. Asia Pacific
4.2.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
4.2.2. Market estimates and forecast, by product, 2014 - 2024 (USD Billion)
4.3. Middle East
4.3.1. Market estimates and forecast, (2016 – 2024) (USD Billion)
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4.3.2. Market estimates and forecast, by product, 2014 - 2024 (USD Billion)
4.4. Europe
4.4.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
4.4.2. Market estimates and forecast, by product, 2014 - 2024 (USD Billion)
4.5. Americas
4.5.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
4.5.2. Market estimates and forecast, by product, 2014 - 2024 (USD Billion)
4.6. Africa
4.6.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
4.6.2. Market estimates and forecast, by product, 2014 - 2024 (USD Billion)
Chapter 5. Key Country Markets
5.1. Indonesia
5.1.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
5.1.2. Market estimates and forecast, by product, 2014 - 2024 (USD Billion)
5.2. India
5.2.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
5.2.2. Market estimates and forecast, by product, 2014 - 2024 (USD Billion)
5.3. Russia
5.3.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
5.3.2. Market estimates and forecast, by product, 2014 - 2024 (USD Billion)
5.4. Turkey
5.4.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
5.4.2. Market estimates and forecast, by product, 2014 - 2024 (USD Billion)
5.5. U.S.
5.5.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
5.5.2. Market estimates and forecast, by product, 2014 - 2024 (USD Billion)
5.6. Saudi Arabia
5.6.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
5.6.2. Market estimates and forecast, by product, 2014 - 2024 (USD Billion)
5.7. Iran
5.7.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
5.7.2. Market estimates and forecast, by product, 2014 - 2024 (USD Billion)
Chapter 6. Competitive Landscape
6.1. Competitive landscape analysis, 2016
6.2. Strategic framework
6.3. Potential customer base concentration
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6.4. Company market positioning
6.5. Company profiles
6.5.1. Diana Kotb
6.5.1.1. Company Overview
6.5.1.2. Product Benchmarking
6.5.1.3. Financial Performance
6.5.1.4. Recent Initiatives
6.5.2. INAYAH
6.5.2.1. Company Overview
6.5.2.2. Product Benchmarking
6.5.2.3. Financial Performance
6.5.2.4. Recent Initiatives
6.5.3. Al-Rajhi Bank
6.5.3.1. Company Overview
6.5.3.2. Product Benchmarking
6.5.3.3. Financial Performance
6.5.3.4. Recent Initiatives
6.5.4. Al-Salam Bank
6.5.4.1. Company Overview
6.5.4.2. Product Benchmarking
6.5.4.3. Financial Performance
6.5.4.4. Recent Initiatives
6.5.5. MMA Bio Lab SdnBhd
6.5.5.1. Company Overview
6.5.5.2. Product Benchmarking
6.5.5.3. Financial Performance
6.5.5.4. Recent Initiatives
6.5.6. Ivy Beauty Corporation SdnBhd
6.5.6.1. Company Overview
6.5.6.2. Product Benchmarking
6.5.6.3. Financial Performance
6.5.6.4. Recent Initiatives
6.5.7. Nema Food Company
6.5.7.1. Company Overview
6.5.7.2. Product Benchmarking
6.5.7.3. Financial Performance
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6.5.7.4. Recent Initiatives
6.5.8. Midamar
6.5.8.1. Company Overview
6.5.8.2. Product Benchmarking
6.5.8.3. Financial Performance
6.5.8.4. Recent Initiatives
6.5.9. Chemical Company of Malaysia Berhad (CCM Pharmaceuticals SdnBhd)
6.5.9.1. Company Overview
6.5.9.2. Product Benchmarking
6.5.9.3. Financial Performance
6.5.9.4. Recent Initiatives
6.5.10. PharmaniagaBhd
6.5.10.1. Company Overview
6.5.10.2. Product Benchmarking
6.5.10.3. Financial Performance
6.5.10.4. Recent Initiatives
6.5.11. List of other vendors
Chapter 7. Methodology and Scope
7.1. Research methodology
7.2. Research Scope & Assumptions
7.3. List of data sources
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Halal Market size was valued at USD 5.73 trillion in 2016 and is expected to grow on account of rising Muslim population and increasing availability of these products & services.

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