The halal food market size is anticipated to surpass US$ 1,291,429.8 million in 2023 and is likely to attain a valuation of US$ 3,229,805.32 million by 2033. The halal food market share is projected to thrive at a CAGR of 9.6% from 2023 to 2033.
Halal cosmetics and personal care items can cross cultural barriers. Non-Muslim consumers are becoming more aware of the moral and aesthetic criteria connected to halal products. Due to its perceived safety, ethical sourcing, and healthy ingredient profiles, non-Muslim consumers now seek halal products, expanding the industry beyond its typical audience.
The halal beauty sector and the global trend toward natural and organic products are directly related. Many halal personal care companies emphasize using pure, natural products rather than artificial ones. This is in line with consumers’ rising preference for health-conscious beauty and grooming products. Due to the similarities between halal and natural/organic products, a market niche that targets health-conscious consumers is expanding.
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Research and development (R&D) is the top priority for industry leaders in halal beauty. They devote a lot of resources to creating novel product formulations that satisfy the individual requirements of a wide range of customers while upholding halal principles. This dedication to R&D produces a steady supply of brand-new, more effective halal cosmetics and personal care items, keeping the market active and sensitive to shifting consumer tastes.
Halal beauty and personal care items that are customized and adaptable are becoming increasingly available from brands. Due to this trend, customers may now customize items to suit their preferences, skin types, and concerns. Customization and personalization appeal to customers looking for items that meet their specific demands and help the market expand by enhancing the customer experience.
Key Takeaways from the Halal Food Market Report
- The global market size stood at US$ 1,098,216.6 million in 2018.
- The market expanded at a CAGR of 3.1% from 2018 to 2022.
- In 2022, the global market size stood at US$ 1,241,759.4 million.
- In 2022, the conventional segment gained 87.9% of the global halal food market shares.
- In 2022, the meat, poultry, and seafood segment captured 56.4% of the halal food market shares.
- In 2022, the food and beverages segment held 44.5% of the global halal food market shares.
- In 2022, India’s halal food market expanded at a CAGR of 7.3%.
- In 2022, The United States’ halal food market thrived at a CAGR of 13.4%.
- In 2022, the halal food market in the United Kingdom rose at a 10.2% CAGR.
Recent Developments in the Halal Food Market
- To support Saudi Arabia’s aim to become a hub for halal food products worldwide, a new program was launched in August 2023 to accelerate the expansion of the halal food industry in the Kingdom. The Saudi Exports Development Authority and the Halal Products Development Co. have signed a strategic collaboration agreement to launch the Halal Products Manufacturing Accelerator Program.
- In April 2023, Delivery Hero—the leading local delivery service in the world—announced Bekal by Foodpanda, a new service that guarantees end-to-end halal deliveries for consumers in Malaysia. This is the only delivery fleet in the entire country to have received halal certification, making it the first global brand in the Delivery Hero family to do so. Bekal by Foodpanda will only provide food from halal-certified vendors on the Foodpanda platform using a halal-certified delivery fleet with loyal riders.
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Halal Food Market Segmentation
By Nature:
- Organic
- Conventional
By Product Type:
- Meat, Poultry, and Seafood
- Dairy Products
- Fruits, Nuts and Vegetables
- Fats, Oils and Waxes
- Grains and Cereals
- Beverages
- Others
By Application:
- Food & Beverages
- Nutraceuticals & Dietary Supplements
- Infant Formula
- Animal Feed Industry
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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