Halal Food Market Size

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Halal Food Market Size, Analysis, Growth, Trends,Competitive
Strategies and Forecasts to 2024 | Hexa Research
“The global Halal Food Market is expected to reach
USD 2.55 trillion by 2024”
4 October 2018 The global Halal Food Market is anticipated to reach USD 2.55 trillion by 2024 driven by the rising demand
for the consumption of halal meat which is healthy and made in a hygienic manner. The growing awareness
of halal food and its positioning as hygienic and healthy food among both Muslim and non -Muslim
community is expected to drive the demand over the forecast period.
Asia Pacific has the highest market share in terms of revenue and is projected to maintain its dominance in
the market over the forecast period. Increasing Muslim population and the growing awareness among
consumers in Asia Pacific countries such as Pakistan, India, and Bangladesh, Indonesia, Singapore, and the
Philippines are expected to drive the market over the forecast period.
The absence of a uniform halal standard across countries makes it challenging for vendors to ge t their
products halal certified. Besides, the market is fragmented in nature, which makes it further challenging for
multiple vendors to operate in different countries. In the market, there is also a need for an oversight on the
halal food industry considering the halal meat scandals in Europe and North America regions.
Processed food & beverages dominated the market in 2016 and are expected to maintain its leading position
over the forecast period as well. Food & beverages segment was followed by bakery products segments and
confectionary segments. Over the forecast period, bakery products segment is expected to grow at a CAGR of
9.6% with an increasing demand for ready to eat and packaged bakery products such as cookies, doughnuts,
savoury pastries, pretzels, biscuits and cakes.
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The market is fragmented with the presence of many international and domestic vendors. Vendors in the
market are focusing on product quality and geographical expansion globally. Vendors are also registering
themselves with halal certification organisations.
Some of the leading players operating in the halal food market are Al Islami Foods, QL Foods, Saffron Road
Food, Dagang Halal, Janan Meat, Kawan Foods, Cargill, Prima Agri-Products, Nestle and Cleone Foods. Over
the past few years, fast food chains such as KFC and McDonalds have started providing halal certified
products to widen their customer base.
Hexa Research has segmented the global halal food market based on application and region:
Segmentation by application, 2014 - 2024 (USD Billion)
• Processed food & beverages
• Bakery products
• Confectionary
Segmentation by region, 2014 - 2024 (USD Billion)
• North America
• U.S.
• Europe
• UK
• Asia Pacific
• China
• India
• Middle East
• Saudi Arabia
• Africa
Key players analyzed:
• Al Islami Foods
• QL Foods
• Saffron Road Food
• Dagang Halal
• Janan Meat.
• Kawan Foods
• Cargill
• Prima Agri-Products
• Nestle
• Cleone Foods
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Table of Content of Halal Food Market
Chapter 1. Market Summary
1.1. Market trends & movement
Chapter 2. Halal Food Market Trends: 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. Halal Food Market Trends, By Application
3.1. Global halal food market movement, by application, 2016 & 2024
3.1.1. Processed food & beverages
3.1.1.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
3.1.2. Bakery Products
3.1.2.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
3.1.3. Confectionary
3.1.3.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
Chapter 4. Halal Food Market Trends, By Region
4.1. Global halal food market movement, by region, 2016 & 2024
4.1.1. Americas
4.1.1.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
4.1.1.2. Market estimates and forecast, by end use, 2014 - 2024 (USD Billion)
4.1.2. Europe
4.1.2.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
4.1.2.2. Market estimates and forecast, by end use, 2014 - 2024 (USD Billion)
4.1.3. Asia Pacific
4.1.3.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
4.1.3.2. Market estimates and forecast, by end use, 2014 - 2024 (USD Billion)
4.1.4. Middle East
4.1.4.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
4.1.4.2. Market estimates and forecast, by end use, 2014 - 2024 (USD Billion)
4.1.5. Africa
4.1.5.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
4.1.5.2. Market estimates and forecast, by end use, 2014 - 2024 (USD Billion)
Chapter 5. Key Country Markets
5.1. Turkey
5.1.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
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5.1.2. Market estimates and forecast, by end use, 2014 - 2024 (USD Billion)
5.2. Egypt
5.2.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
5.2.2. Market estimates and forecast, by end use 2014 - 2024 (USD Billion)
5.3. Indonesia
5.3.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
5.3.2. Market estimates and forecast, by end use, 2014 - 2024 (USD Billion)
5.4. India
5.4.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
5.4.2. Market estimates and forecast, by type, 2014 - 2024 (USD Billion)
5.5. Saudi Arabia
5.5.1. Market estimates and forecast, 2014 - 2024 (USD Billion)
5.5.2. Market estimates and forecast, by type, 2014 - 2024 (USD Billion)
Chapter 6. Competitive Landscape
6.1. Competitive landscape analysis, 2016
6.2. Strategic Framework
6.3. Potential customer base concentration
6.4. Company market positioning
6.5. Company profiles
6.5.1. Al Islami Foods
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. QL Foods
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. Saffron Road Food
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. Dagang Halal
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. Janan Meat.
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. Kawan Foods
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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. Cargill
6.5.7.1. Company Overview
6.5.7.2. Product Benchmarking
6.5.7.3. Financial Performance
6.5.7.4. Recent Initiatives
6.5.8. Prima Agri-Products
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. Nestle
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. Cleone Foods
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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The global halal food market is anticipated to reach USD 2.55 trillion by 2024.

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