Market Size Value (US$ Mn) & Volume (MT) Forecast By Market Taxonomy, 2022-2032, 11. For context, For Muslim consumers, halal is an Arabic word that implies "lawful" or "permitted." According to recent estimates, almost 85% of Halal food consumed by Muslims worldwide is made in countries where Muslims are in a minority. Global Halal Food Market segmented into Meat & Alternatives, Milk & Milk Products, Grain. The halal food market is expected to . The popular types of halal cosmetics incorporate an array of fragrances; color cosmetics such as lipsticks, foundation, and . Pharmaceuticals 7.5. May 6, 2021 As of 2021, the leading halal sector was Islamic finance with a market share 51.6 percent. Halal cosmetics are products that follow religious rites, observe sharia law, and do not contain ingredients derived from pig, blood, alcohol, reptiles, and insects, among others. ( UK: +44-753-713-2163 ) Turkish certifications are based on how goods are prepared, packaged, and what additives are used. The global. Kindly contact us for the actual market size and trends. Moreover, halal food products are packaged and stored in utensils, which have been cleaned as per the prescribed guidelines. Historical Market Size Value (US$ Mn) & Volume (MT) Analysis, 2017-2021, 4.2. Effect of Halal Products Certification What are the key factors driving the global halal food market? With many of the values having a universal appeal, the Halal market also has the potential of serving the remaining 5.4 billion consumers, if correctly understood. The demand for halal products comes from the growing Muslim population. The halal food market is estimated to reach sales nearly USD 1.2 Tn by 2022. Newly released data from Future Market Insights market analysis shows that global halal food demand is projected to grow year-on-year (Y-o-Y) growth of 9.1% in 2022. Absolute $ Opportunity Analysis By Application, 2022-2032, 8. The halal sector has become one of the fastest growing food categories. What are the key factors affecting the halal food market growth? Halal food refers to food items and beverages that are strictly prepared according to the rules underlined by the Islamic dietary law. Profitability by Market Segments (Nature/Product Type/Application/Region), 18.1.12.3. Consumers nowadays not only wish to know the nature of what they eat but also of what they wear, what they put on their skin, the type of travelling ease and hospitality they receive, as well as the method by which products and services are delivered to them. [342 Pages Report] The halal food market is valued at USD 1.2 Tn in 2022 and is projected to grow at a CAGR of 5.6% during the forecast period, to reach a value of USD 3.0 Tn by 2032. The point to note here is that halal cosmetics is appearing to secure a firm place in the market due to its assurance of quality and appeal to a wide range of consumers regardless of religious backgrounds. Similarly, in 2019, Saudi Arabia expanded its mandated halal certification to include imported frozen and chilled meals, Milk, confectionary, long-life products, and dairy products, as well as fats and oils. Get to know more about the World Halal Summit and be a part of this gathering that will energise the Halal ecosystem today. Profitability by Market Segments (Nature/Product Type/Application/Region), 18.1.10.3. Looking forward, IMARC Group expects the market to reach US$ 4,177.3 Billion by 2028, exhibiting a growth rate (CAGR) of 10.8% during 2023-2028. Profitability by Market Segments (Nature/Product Type/Application/Region), Table 1: Global Market Value (US$ Mn) Forecast by Region, 2017-2032, Table 2: Global Market Volume (MT) Forecast by Region, 2017-2032, Table 3: Global Market Value (US$ Mn) Forecast by Nature, 2017-2032, Table 4: Global Market Volume (MT) Forecast by Nature, 2017-2032, Table 5: Global Market Value (US$ Mn) Forecast by Product Type, 2017-2032, Table 6: Global Market Volume (MT) Forecast by Product Type, 2017-2032, Table 7: Global Market Value (US$ Mn) Forecast by Application, 2017-2032, Table 8: Global Market Volume (MT) Forecast by Application, 2017-2032, Table 9: North America Market Value (US$ Mn) Forecast by Country, 2017-2032, Table 10: North America Market Volume (MT) Forecast by Country, 2017-2032, Table 11: North America Market Value (US$ Mn) Forecast by Nature, 2017-2032, Table 12: North America Market Volume (MT) Forecast by Nature, 2017-2032, Table 13: North America Market Value (US$ Mn) Forecast by Product Type, 2017-2032, Table 14: North America Market Volume (MT) Forecast by Product Type, 2017-2032, Table 15: North America Market Value (US$ Mn) Forecast by Application, 2017-2032, Table 16: North America Market Volume (MT) Forecast by Application, 2017-2032, Table 17: Latin America Market Value (US$ Mn) Forecast by Country, 2017-2032, Table 18: Latin America Market Volume (MT) Forecast by Country, 2017-2032, Table 19: Latin America Market Value (US$ Mn) Forecast by Nature, 2017-2032, Table 20: Latin America Market Volume (MT) Forecast by Nature, 2017-2032, Table 21: Latin America Market Value (US$ Mn) Forecast by Product Type, 2017-2032, Table 22: Latin America Market Volume (MT) Forecast by Product Type, 2017-2032, Table 23: Latin America Market Value (US$ Mn) Forecast by Application, 2017-2032, Table 24: Latin America Market Volume (MT) Forecast by Application, 2017-2032, Table 25: Europe Market Value (US$ Mn) Forecast by Country, 2017-2032, Table 26: Europe Market Volume (MT) Forecast by Country, 2017-2032, Table 27: Europe Market Value (US$ Mn) Forecast by Nature, 2017-2032, Table 28: Europe Market Volume (MT) Forecast by Nature, 2017-2032, Table 29: Europe Market Value (US$ Mn) Forecast by Product Type, 2017-2032, Table 30: Europe Market Volume (MT) Forecast by Product Type, 2017-2032, Table 31: Europe Market Value (US$ Mn) Forecast by Application, 2017-2032, Table 32: Europe Market Volume (MT) Forecast by Application, 2017-2032, Table 33: East Asia Market Value (US$ Mn) Forecast by Country, 2017-2032, Table 34: East Asia Market Volume (MT) Forecast by Country, 2017-2032, Table 35: East Asia Market Value (US$ Mn) Forecast by Nature, 2017-2032, Table 36: East Asia Market Volume (MT) Forecast by Nature, 2017-2032, Table 37: East Asia Market Value (US$ Mn) Forecast by Product Type, 2017-2032, Table 38: East Asia Market Volume (MT) Forecast by Product Type, 2017-2032, Table 39: East Asia Market Value (US$ Mn) Forecast by Application, 2017-2032, Table 40: East Asia Market Volume (MT) Forecast by Application, 2017-2032, Table 41: South Asia Market Value (US$ Mn) Forecast by Country, 2017-2032, Table 42: South Asia Market Volume (MT) Forecast by Country, 2017-2032, Table 43: South Asia Market Value (US$ Mn) Forecast by Nature, 2017-2032, Table 44: South Asia Market Volume (MT) Forecast by Nature, 2017-2032, Table 45: South Asia Market Value (US$ Mn) Forecast by Product Type, 2017-2032, Table 46: South Asia Market Volume (MT) Forecast by Product Type, 2017-2032, Table 47: South Asia Market Value (US$ Mn) Forecast by Application, 2017-2032, Table 48: South Asia Market Volume (MT) Forecast by Application, 2017-2032, Table 49: Oceania Market Value (US$ Mn) Forecast by Country, 2017-2032, Table 50: Oceania Market Volume (MT) Forecast by Country, 2017-2032, Table 51: Oceania Market Value (US$ Mn) Forecast by Nature, 2017-2032, Table 52: Oceania Market Volume (MT) Forecast by Nature, 2017-2032, Table 53: Oceania Market Value (US$ Mn) Forecast by Product Type, 2017-2032, Table 54: Oceania Market Volume (MT) Forecast by Product Type, 2017-2032, Table 55: Oceania Market Value (US$ Mn) Forecast by Application, 2017-2032, Table 56: Oceania Market Volume (MT) Forecast by Application, 2017-2032, Table 57: MEA Market Value (US$ Mn) Forecast by Country, 2017-2032, Table 58: MEA Market Volume (MT) Forecast by Country, 2017-2032, Table 59: MEA Market Value (US$ Mn) Forecast by Nature, 2017-2032, Table 60: MEA Market Volume (MT) Forecast by Nature, 2017-2032, Table 61: MEA Market Value (US$ Mn) Forecast by Product Type, 2017-2032, Table 62: MEA Market Volume (MT) Forecast by Product Type, 2017-2032, Table 63: MEA Market Value (US$ Mn) Forecast by Application, 2017-2032, Table 64: MEA Market Volume (MT) Forecast by Application, 2017-2032, Figure 1: Global Market Value (US$ Mn) by Nature, 2022-2032, Figure 2: Global Market Value (US$ Mn) by Product Type, 2022-2032, Figure 3: Global Market Value (US$ Mn) by Application, 2022-2032, Figure 4: Global Market Value (US$ Mn) by Region, 2022-2032, Figure 5: Global Market Value (US$ Mn) Analysis by Region, 2017-2032, Figure 6: Global Market Volume (MT) Analysis by Region, 2017-2032, Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2022-2032, Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2022-2032, Figure 9: Global Market Value (US$ Mn) Analysis by Nature, 2017-2032, Figure 10: Global Market Volume (MT) Analysis by Nature, 2017-2032, Figure 11: Global Market Value Share (%) and BPS Analysis by Nature, 2022-2032, Figure 12: Global Market Y-o-Y Growth (%) Projections by Nature, 2022-2032, Figure 13: Global Market Value (US$ Mn) Analysis by Product Type, 2017-2032, Figure 14: Global Market Volume (MT) Analysis by Product Type, 2017-2032, Figure 15: Global Market Value Share (%) and BPS Analysis by Product Type, 2022-2032, Figure 16: Global Market Y-o-Y Growth (%) Projections by Product Type, 2022-2032, Figure 17: Global Market Value (US$ Mn) Analysis by Application, 2017-2032, Figure 18: Global Market Volume (MT) Analysis by Application, 2017-2032, Figure 19: Global Market Value Share (%) and BPS Analysis by Application, 2022-2032, Figure 20: Global Market Y-o-Y Growth (%) Projections by Application, 2022-2032, Figure 21: Global Market Attractiveness by Nature, 2022-2032, Figure 22: Global Market Attractiveness by Product Type, 2022-2032, Figure 23: Global Market Attractiveness by Application, 2022-2032, Figure 24: Global Market Attractiveness by Region, 2022-2032, Figure 25: North America Market Value (US$ Mn) by Nature, 2022-2032, Figure 26: North America Market Value (US$ Mn) by Product Type, 2022-2032, Figure 27: North America Market Value (US$ Mn) by Application, 2022-2032, Figure 28: North America Market Value (US$ Mn) by Country, 2022-2032, Figure 29: North America Market Value (US$ Mn) Analysis by Country, 2017-2032, Figure 30: North America Market Volume (MT) Analysis by Country, 2017-2032, Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2022-2032, Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2022-2032, Figure 33: North America Market Value (US$ Mn) Analysis by Nature, 2017-2032, Figure 34: North America Market Volume (MT) Analysis by Nature, 2017-2032, Figure 35: North America Market Value Share (%) and BPS Analysis by Nature, 2022-2032, Figure 36: North America Market Y-o-Y Growth (%) Projections by Nature, 2022-2032, Figure 37: North America Market Value (US$ Mn) Analysis by Product Type, 2017-2032, Figure 38: North America Market Volume (MT) Analysis by Product Type, 2017-2032, Figure 39: North America Market Value Share (%) and BPS Analysis by Product Type, 2022-2032, Figure 40: North America Market Y-o-Y Growth (%) Projections by Product Type, 2022-2032, Figure 41: North America Market Value (US$ Mn) Analysis by Application, 2017-2032, Figure 42: North America Market Volume (MT) Analysis by Application, 2017-2032, Figure 43: North America Market Value Share (%) and BPS Analysis by Application, 2022-2032, Figure 44: North America Market Y-o-Y Growth (%) Projections by Application, 2022-2032, Figure 45: North America Market Attractiveness by Nature, 2022-2032, Figure 46: North America Market Attractiveness by Product Type, 2022-2032, Figure 47: North America Market Attractiveness by Application, 2022-2032, Figure 48: North America Market Attractiveness by Country, 2022-2032, Figure 49: Latin America Market Value (US$ Mn) by Nature, 2022-2032, Figure 50: Latin America Market Value (US$ Mn) by Product Type, 2022-2032, Figure 51: Latin America Market Value (US$ Mn) by Application, 2022-2032, Figure 52: Latin America Market Value (US$ Mn) by Country, 2022-2032, Figure 53: Latin America Market Value (US$ Mn) Analysis by Country, 2017-2032, Figure 54: Latin America Market Volume (MT) Analysis by Country, 2017-2032, Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2022-2032, Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022-2032, Figure 57: Latin America Market Value (US$ Mn) Analysis by Nature, 2017-2032, Figure 58: Latin America Market Volume (MT) Analysis by Nature, 2017-2032, Figure 59: Latin America Market Value Share (%) and BPS Analysis by Nature, 2022-2032, Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Nature, 2022-2032, Figure 61: Latin America Market Value (US$ Mn) Analysis by Product Type, 2017-2032, Figure 62: Latin America Market Volume (MT) Analysis by Product Type, 2017-2032, Figure 63: Latin America Market Value Share (%) and BPS Analysis by Product Type, 2022-2032, Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Product Type, 2022-2032, Figure 65: Latin America Market Value (US$ Mn) Analysis by Application, 2017-2032, Figure 66: Latin America Market Volume (MT) Analysis by Application, 2017-2032, Figure 67: Latin America Market Value Share (%) and BPS Analysis by Application, 2022-2032, Figure 68: Latin America Market Y-o-Y Growth (%) Projections by Application, 2022-2032, Figure 69: Latin America Market Attractiveness by Nature, 2022-2032, Figure 70: Latin America Market Attractiveness by Product Type, 2022-2032, Figure 71: Latin America Market Attractiveness by Application, 2022-2032, Figure 72: Latin America Market Attractiveness by Country, 2022-2032, Figure 73: Europe Market Value (US$ Mn) by Nature, 2022-2032, Figure 74: Europe Market Value (US$ Mn) by Product Type, 2022-2032, Figure 75: Europe Market Value (US$ Mn) by Application, 2022-2032, Figure 76: Europe Market Value (US$ Mn) by Country, 2022-2032, Figure 77: Europe Market Value (US$ Mn) Analysis by Country, 2017-2032, Figure 78: Europe Market Volume (MT) Analysis by Country, 2017-2032, Figure 79: Europe Market Value Share (%) and BPS Analysis by Country, 2022-2032, Figure 80: Europe Market Y-o-Y Growth (%) Projections by Country, 2022-2032, Figure 81: Europe Market Value (US$ Mn) Analysis by Nature, 2017-2032, Figure 82: Europe Market Volume (MT) Analysis by Nature, 2017-2032, Figure 83: Europe Market Value Share (%) and BPS Analysis by Nature, 2022-2032, Figure 84: Europe Market Y-o-Y Growth (%) Projections by Nature, 2022-2032, Figure 85: Europe Market Value (US$ Mn) Analysis by Product Type, 2017-2032, Figure 86: Europe Market Volume (MT) Analysis by Product Type, 2017-2032, Figure 87: Europe Market Value Share (%) and BPS Analysis by Product Type, 2022-2032, Figure 88: Europe Market Y-o-Y Growth (%) Projections by Product Type, 2022-2032, Figure 89: Europe Market Value (US$ Mn) Analysis by Application, 2017-2032, Figure 90: Europe Market Volume (MT) Analysis by Application, 2017-2032, Figure 91: Europe Market Value Share (%) and BPS Analysis by Application, 2022-2032, Figure 92: Europe Market Y-o-Y Growth (%) Projections by Application, 2022-2032, Figure 93: Europe Market Attractiveness by Nature, 2022-2032, Figure 94: Europe Market Attractiveness by Product Type, 2022-2032, Figure 95: Europe Market Attractiveness by Application, 2022-2032, Figure 96: Europe Market Attractiveness by Country, 2022-2032, Figure 97: East Asia Market Value (US$ Mn) by Nature, 2022-2032, Figure 98: East Asia Market Value (US$ Mn) by Product Type, 2022-2032, Figure 99: East Asia Market Value (US$ Mn) by Application, 2022-2032, Figure 100: East Asia Market Value (US$ Mn) by Country, 2022-2032, Figure 101: East Asia Market Value (US$ Mn) Analysis by Country, 2017-2032, Figure 102: East Asia Market Volume (MT) Analysis by Country, 2017-2032, Figure 103: East Asia Market Value Share (%) and BPS Analysis by Country, 2022-2032, Figure 104: East Asia Market Y-o-Y Growth (%) Projections by Country, 2022-2032, Figure 105: East Asia Market Value (US$ Mn) Analysis by Nature, 2017-2032, Figure 106: East Asia Market Volume (MT) Analysis by Nature, 2017-2032, Figure 107: East Asia Market Value Share (%) and BPS Analysis by Nature, 2022-2032, Figure 108: East Asia Market Y-o-Y Growth (%) Projections by Nature, 2022-2032, Figure 109: East Asia Market Value (US$ Mn) Analysis by Product Type, 2017-2032, Figure 110: East Asia Market Volume (MT) Analysis by Product Type, 2017-2032, Figure 111: East Asia Market Value Share (%) and BPS Analysis by Product Type, 2022-2032, Figure 112: East Asia Market Y-o-Y Growth (%) Projections by Product Type, 2022-2032, Figure 113: East Asia Market Value (US$ Mn) Analysis by Application, 2017-2032, Figure 114: East Asia Market Volume (MT) Analysis by Application, 2017-2032, Figure 115: East Asia Market Value Share (%) and BPS Analysis by Application, 2022-2032, Figure 116: East Asia Market Y-o-Y Growth (%) Projections by Application, 2022-2032, Figure 117: East Asia Market Attractiveness by Nature, 2022-2032, Figure 118: East Asia Market Attractiveness by Product Type, 2022-2032, Figure 119: East Asia Market Attractiveness by Application, 2022-2032, Figure 120: East Asia Market Attractiveness by Country, 2022-2032, Figure 121: South Asia Market Value (US$ Mn) by Nature, 2022-2032, Figure 122: South Asia Market Value (US$ Mn) by Product Type, 2022-2032, Figure 123: South Asia Market Value (US$ Mn) by Application, 2022-2032, Figure 124: South Asia Market Value (US$ Mn) by Country, 2022-2032, Figure 125: South Asia Market Value (US$ Mn) Analysis by Country, 2017-2032, Figure 126: South Asia Market Volume (MT) Analysis by Country, 2017-2032, Figure 127: South Asia Market Value Share (%) and BPS Analysis by Country, 2022-2032, Figure 128: South Asia Market Y-o-Y Growth (%) Projections by Country, 2022-2032, Figure 129: South Asia Market Value (US$ Mn) Analysis by Nature, 2017-2032, Figure 130: South Asia Market Volume (MT) Analysis by Nature, 2017-2032, Figure 131: South Asia Market Value Share (%) and BPS Analysis by Nature, 2022-2032, Figure 132: South Asia Market Y-o-Y Growth (%) Projections by Nature, 2022-2032, Figure 133: South Asia Market Value (US$ Mn) Analysis by Product Type, 2017-2032, Figure 134: South Asia Market Volume (MT) Analysis by Product Type, 2017-2032, Figure 135: South Asia Market Value Share (%) and BPS Analysis by Product Type, 2022-2032, Figure 136: South Asia Market Y-o-Y Growth (%) Projections by Product Type, 2022-2032, Figure 137: South Asia Market Value (US$ Mn) Analysis by Application, 2017-2032, Figure 138: South Asia Market Volume (MT) Analysis by Application, 2017-2032, Figure 139: South Asia Market Value Share (%) and BPS Analysis by Application, 2022-2032, Figure 140: South Asia Market Y-o-Y Growth (%) Projections by Application, 2022-2032, Figure 141: South Asia Market Attractiveness by Nature, 2022-2032, Figure 142: South Asia Market Attractiveness by Product Type, 2022-2032, Figure 143: South Asia Market Attractiveness by Application, 2022-2032, Figure 144: South Asia Market Attractiveness by Country, 2022-2032, Figure 145: Oceania Market Value (US$ Mn) by Nature, 2022-2032, Figure 146: Oceania Market Value (US$ Mn) by Product Type, 2022-2032, Figure 147: Oceania Market Value (US$ Mn) by Application, 2022-2032, Figure 148: Oceania Market Value (US$ Mn) by Country, 2022-2032, Figure 149: Oceania Market Value (US$ Mn) Analysis by Country, 2017-2032, Figure 150: Oceania Market Volume (MT) Analysis by Country, 2017-2032, Figure 151: Oceania Market Value Share (%) and BPS Analysis by Country, 2022-2032, Figure 152: Oceania Market Y-o-Y Growth (%) Projections by Country, 2022-2032, Figure 153: Oceania Market Value (US$ Mn) Analysis by Nature, 2017-2032, Figure 154: Oceania Market Volume (MT) Analysis by Nature, 2017-2032, Figure 155: Oceania Market Value Share (%) and BPS Analysis by Nature, 2022-2032, Figure 156: Oceania Market Y-o-Y Growth (%) Projections by Nature, 2022-2032, Figure 157: Oceania Market Value (US$ Mn) Analysis by Product Type, 2017-2032, Figure 158: Oceania Market Volume (MT) Analysis by Product Type, 2017-2032, Figure 159: Oceania Market Value Share (%) and BPS Analysis by Product Type, 2022-2032, Figure 160: Oceania Market Y-o-Y Growth (%) Projections by Product Type, 2022-2032, Figure 161: Oceania Market Value (US$ Mn) Analysis by Application, 2017-2032, Figure 162: Oceania Market Volume (MT) Analysis by Application, 2017-2032, Figure 163: Oceania Market Value Share (%) and BPS Analysis by Application, 2022-2032, Figure 164: Oceania Market Y-o-Y Growth (%) Projections by Application, 2022-2032, Figure 165: Oceania Market Attractiveness by Nature, 2022-2032, Figure 166: Oceania Market Attractiveness by Product Type, 2022-2032, Figure 167: Oceania Market Attractiveness by Application, 2022-2032, Figure 168: Oceania Market Attractiveness by Country, 2022-2032, Figure 169: MEA Market Value (US$ Mn) by Nature, 2022-2032, Figure 170: MEA Market Value (US$ Mn) by Product Type, 2022-2032, Figure 171: MEA Market Value (US$ Mn) by Application, 2022-2032, Figure 172: MEA Market Value (US$ Mn) by Country, 2022-2032, Figure 173: MEA Market Value (US$ Mn) Analysis by Country, 2017-2032, Figure 174: MEA Market Volume (MT) Analysis by Country, 2017-2032, Figure 175: MEA Market Value Share (%) and BPS Analysis by Country, 2022-2032, Figure 176: MEA Market Y-o-Y Growth (%) Projections by Country, 2022-2032, Figure 177: MEA Market Value (US$ Mn) Analysis by Nature, 2017-2032, Figure 178: MEA Market Volume (MT) Analysis by Nature, 2017-2032, Figure 179: MEA Market Value Share (%) and BPS Analysis by Nature, 2022-2032, Figure 180: MEA Market Y-o-Y Growth (%) Projections by Nature, 2022-2032, Figure 181: MEA Market Value (US$ Mn) Analysis by Product Type, 2017-2032, Figure 182: MEA Market Volume (MT) Analysis by Product Type, 2017-2032, Figure 183: MEA Market Value Share (%) and BPS Analysis by Product Type, 2022-2032, Figure 184: MEA Market Y-o-Y Growth (%) Projections by Product Type, 2022-2032, Figure 185: MEA Market Value (US$ Mn) Analysis by Application, 2017-2032, Figure 186: MEA Market Volume (MT) Analysis by Application, 2017-2032, Figure 187: MEA Market Value Share (%) and BPS Analysis by Application, 2022-2032, Figure 188: MEA Market Y-o-Y Growth (%) Projections by Application, 2022-2032, Figure 189: MEA Market Attractiveness by Nature, 2022-2032, Figure 190: MEA Market Attractiveness by Product Type, 2022-2032, Figure 191: MEA Market Attractiveness by Application, 2022-2032, Figure 192: MEA Market Attractiveness by Country, 2022-2032. ( India: +91 120 433 0800 ). 'The Future of World Religions: Population Growth Projections, 2010-2050,' Pew . Currently, meat, poultry & seafood account for the majority of the total market share. Kitopi, a cloud-kitchen platform located in Dubai, is seizing this opportunity. What was the size of the global halal food market in 2022? A Halal certificate is a document that guarantees that your product or service complies with the Islamic Law and are suitable for consumption in Muslim countries. As Islam is the second largest religion in the world, the halal product market is expected to grow to over 58.3 billion by 2022.The largest sector of the global halal industry is Islamic finance with a 43 percent share of the market, followed by halal food with a 36 percent market share. The term halal has seated its position on the global marketplace. 5. He said the growing world Muslim. Why is Halal Meat Market booming all over the world? Muslims are only allowed to drink and eat dishes that are prepared and served using century old halal guidelines. As such, research into making this market better, faster, cheaper cannot be ignored. With many of the values having a universal appeal, the Halal market also has the potential of serving the remaining 5.4 billion consumers, if correctly understood. "Halal Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" Tweet this The global halal food market reached a value of US$ 1.9 Trillion in 2020.. Home / Food & Beverages / Halal Food Market Report. By 2025, its value is likely to surpass 9.7 trillion US dollars. If a meal is classified as "haram," eating it goes against a Muslim's religious beliefs. the organization. Each country around the world has its own Muslim community, thus opening up many routes to market and opportunities for halal products. The global halal cosmetics market size is expected to showcase an opulent growth opportunity with a phenomenal CAGR of 11.6% from 2022 to 2032. Some countries have developed their own standards for halal, and some certification bodies have developed another, making it confusing for food producers, and costly getting multiple audits and having to undergo multiple frameworks. Let's take a closer look at the halal pharmaceutical market. On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market. Current Market Size Value (US$ Mn) & Volume (MT) Analysis and Forecast By Region, 2022-2032, 8.4. Indonesia Halal Market, By Type (Food & Beverages, Dietary Supplements, Pharmaceutical, Sports Nutrition, Personal Care, Cosmetic, Others), Product Category (Conventional, Organic), Brand (Private Label, Branded), Certification Status (Halal Certified, Non-Certified), Distribution Channel (Store based Retailers, Non-Store Retailers), Industry Trends and Forecast to 2029. The increase in demand creates increase in business, trade and production that is why today the Halal market is one of the fastest growing consumer segments in the world, with an estimated worth of $2.3 trillion. How halal relates to other market trends. It became the world reference in the domain of certification of Shariah-compatible food products. This is mostly a young community, who is aware of the new trends and healthy living. As you can see, the halal sector is booming, not only in Muslim countries, but also all across the world. In order to examine the existing market opportunities, the World Halal Cosmetics Industry 2022 study provides a quantitative analysis of the current trends, dynamics, and estimations of the worldwide Halal Cosmetics market. Halal-certified beauty is a thriving industry, with a projected worldwide turnover of USD 74.7 billion in 2020. All Rights Reserved. Some businesses till 2022 haveto comply to the law allows for exclusions according to Islamic methods such as the sale of haram products such as alcohol, pig, meat and blood, not slaughtered. The advent of the Islamic Republic of Iran in 1979 was a major step in the shift from Islamic compatibility to halal certification. The halal food market has a strong potential for growth. The term halal is mainly associated with Islamic dietary laws, especially meat processed and prepared according to those requirements. On the geographical front, Asia Pacific is the leading market for halal food, accounting for the majority of the total market share. The global Halal market is driven by values and trust. How much worth is the halal food industry? From the 1960s onwards, as immigrant Muslim populations began to settle in the West, especially in France, demand for halal meat increased. Traditionally leaning more towards food and consumption items, halal now encompasses a wide variety of sectors including cosmetics, pharmaceuticals, clothing, financial services, logistics, and even hospitality. When you think of halal, the first thing that comes to mind for most is that halal is about meat, and about food and drink products in general. Historical Market Size Value (US$ Mn) & Volume (MT) Analysis By Nature, 2017-2021, 5.3. Halal is an Arabic word that translates to permissible in English. The global halal food market size reached US$ Starting from a plane ride that offers halal food, halal tourism and hospitality also includes hotels where no alcohol is served and males and females are provided separate spas and swimming pool facilities. The size of the market is estimated to be between 40 and 100 billion. Please be sure to check your SPAM/JUNK folder too. Historical Market Size Value (US$ Mn) & Volume (MT) Trend Analysis By Market Taxonomy, 2017-2021, 9.2. The global demand for halal food has been steadily rising over the past few years. Market Size Value (US$ Mn) & Volume (MT) Forecast By Market Taxonomy, 2022-2032, 14. Holding an internationally trusted halal label gives your food product the privilege needed to expanding your market to the halal consumers, with ICHS you are affiliating your brand with a label that is empowered by and emanated from the biggest official international Islamic organizations. Currently, meat, poultry and seafood are the most preferred food products in the market. The global halal food market was valued at USD 436.8 billion in 2016 and is estimated to grow at a CAGR of 6.1% over the next eight years Milk & milk products such as processed milk, cheese, and yogurt are expected to be one of another primary product segment driving growth for the global industry For Muslims, these are doubly significant. The global halal meat market size was valued at USD 802 billion in 2021. Moreover, the flourishing e-commerce industry has facilitated consumers with easy accessibility of halal-certified food products. Halal food refers to food items and beverages that are strictly prepared according to the rules underlined by the Islamic dietary law. Halal Academy; The global halal food market size reached US$ 2,221.3 Billion in 2022. The meat is slaughtered in accordance with Islamic law, which is known as Zabihah. Islam is the fastest growing religion in the world. Aside from the many industry sectors of the Halal market, it is also important to understand the constant need of innovation. An annual growth rate of four to six per cent is forecasted. The European Halal Market has gained massive popularity in a very short interval of time. . Its making sure you respect everything around you: the environment, animal welfare, sustainability, workers & suppliers rights, etc. Nutraceuticals & Dietary Supplements, 7.4. Tourism 8. Halal cosmetics sales are expected to grow at a 9.6% CAGR through 2026, owing to rising religious awareness among younger Muslim consumers and the world's growing Muslim population. 10.8% during 2023-2028. The halal food market has grown strongly over the past decade demandand is now worth an estimated USD667 armillion.7 Halal food represents close to 20% of the entire global food industry. The first halal standard in the world launched as MS1500:2000 was revised in 2004. This standard was created to cater to the pharmaceuticals industrys supply chain from processing to handling, packaging, labelling, distribution, storage and display of medicines and health supplements. Their growth . Billion Muslim Consumers by the year 2050. Historical Market Size Value (US$ Mn) & Volume (MT) Trend Analysis By Market Taxonomy, 2017-2021, 14.2. One estimate puts the global Muslim market at US$7 trillion, with the halal food market valued at an estimated US$1.7 trillion and halal cosmetics US$75 billion. Some prefer halal cosmetics due to it being animal cruelty free; others choose halal cosmetics because there are no harmful chemicals that irritate their skin or alcohol that would dry up their skin. You need to take the necessary steps to make sure they are the appropriate body for your target market. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. Experts say that halal food is the fastest growing food sectors in the world. Market Share Analysis of Top Players, 18.1.1. North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA, United States, Canada, Brazil, Mexico, Argentina, Chile, Peru, Germany, France, Italy, Spain, UK, Netherlands, Belgium, Nordic, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, Saudi Arabia, UAE, Turkey, GCC Countries, South Africa, Central Africa, North Africa, and others, Nature, Product Type, Application, and Regions. Besides this, several Islamic and non-Islamic countries are implementing stringent regulatory frameworks, which consist of globally accepted standards, to attract novel entrants in the market. It already accounts for 17 percent of the global food market, according to the World Halal Forum. What is the expected growth rate of the global halal food market during 2023-2028? Mark your calendars. Accordingly, there are significant opportunities for Islamic exporters familiar with the Halal markets to sell to the Thai market. Leeds Asia Pacific constitutes of four of the top ten countries with the highest Muslim population, namely Indonesia, India, Pakistan and Bangladesh. The 1990s saw the emergence of 'Muslim consumers' mindful of what they put on their plate. According to this law, alcohol, blood, pork, by-products of pork and blood, animals that are dead before slaughtering, and those not killed in the name of Allah are considered haram or impermissible for consumption. Profitability by Market Segments (Nature/Product Type/Application/Region), 18.1.13.3. Find your sweet spots for generating winning opportunities in this market. This delightful market is nestled near Old Street. He also added that the local halal cosmetics industry in Malaysia has contributed 10 to 20 per cent to the total local cosmetics market in recent years. The Halal Parks is a community of manufacturing and service businesses located on a common property. The global Halal market has the potential of serving the worlds 1.6 billion Muslims, and is often spoken as the worlds Third One Billion market alongside India and China. Absolute $ Opportunity Analysis By Nature, 2022-2032, 6. of regulations that is applicable to halal food. THE HALAL MARKET. In 2019, Indonesia- the country with the world's largest Muslim population (207 million people) passed the Halal Product Law. Mr. Gopal R, Vice President, Transportation & Logistics Practice, Asia Pacific and Country Head for Malaysia at Frost & Sullivan has mentioned that the Malaysian logistics industry is forecasted to grow at a compound annual growth rate (CAGR) of 12.6 per cent to reach RM196.5 billion in 2015. The competitive landscape of the market has also been examined with some of the key players being QL Foods Sdn Bhd, Al Islami Foods Co., DagangHalal Group, Saffron Road, Kawan Foods Berhad, Janan Meat Ltd, Prima Agri-Products Sdn Bhd, Cargill, Inc., BRF S.A., Nestle S.A., Tahira Foods Ltd., and Al-Falah Halal Foods Ltd. With globalisation on the rise, the logistics of products is readily carried out across national borders. Like Leather Lane market, White Cross market is only open on the weekday, much to the delight of office workers nearby. "The first time I saw halal slaughter, it made me mindful," Amanullah says. Cosmetics 7.4. Sudden outbreak of the COVID-19 pandemic has led to a shift in sales of halal-certified food products from brick-and-mortar distribution channels towards online platforms. The global halal cosmetics market size was valued at USD 30.21 billion in 2021 and is projected to reach USD 83.76 billion by 2030 at a CAGR of 12% from 2022 to 2030. The Malaysian National Fatwa Council declared animals given non-halal diet to be haram. Historical Market Size Value (US$ Mn) & Volume (MT) Trend Analysis By Market Taxonomy, 2017-2021, 12.2. Top Trends: The Top 10 APAC trends stories of 2019 revealed, Opinion: 16 trends to take note of when it comes to halal, Pakistan: Exporters urged to tap global halal market. List of Existing and Potential Buyers, 3.6.2. 7. Now think of all the possibilities you have uncovered! The halal ingredients market is expected to register a CAGR of approx. Islam is the fastest growing religion in the world. The halal industry has experienced a soaring demand for halal products worldwide such as cosmetics, toiletries, and pharmaceuticals, and now even services including travel, banking, finance, and logistics. Halal Food And Beverage Market Size, Share & Trends Analysis Report By Product (Grain Products), By Distribution Channel (Hypermarket & Supermarket), By Region, And Segment Forecasts, 2022 . The halal marketplace is emerging as Untilone of the most profitable and influential market arenas in the world food business today. Because of these factors, we forecast robust growth for halal meat and bread spending over the medium term. Uncovering the traders in muslim and non muslim countries can create a challenge, with ICHS you will be joined in a massive digital trading platform that will get you connected to many traders in different countries. Each market has unique attributes through their culture, location, income per capita, and other factors. The market is not about things Islamic and un-Islamic, but the market is also about how to produce commodities that attract people to buy and consume. This year, the World Halal Summit (WHS) will bring more issues and concerns to the table in its six subject-focused conferences that are set to be intensive and empowering dialogues with influential speakers to map out future global Halal developments. With ICHS you only partake a single audit and it gives you wide recognition and international coverage. QL Foods Sdn Bhd, Al Islami Foods Co., DagangHalal Group, Saffron Road, Kawan Foods Berhad, Janan Meat Ltd, Prima Agri-Products Sdn Bhd, Cargill, Inc., BRF S.A., Nestle S.A., Tahira Foods Ltd., and Al-Falah Halal Foods Ltd. PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request). With an increase in the demand, manufactures have widened their product portfolio by introducing several value-added food items, including hot dogs, soups, candies, burgers, sandwiches, cookies, creams and pizzas. Absolute $ Opportunity Analysis By Product Type, 2022-2032, 7. The history of the halal market in the West The market for halal food is a recent phenomenon. 2.2. Who are the key players operating in the market? Halal food is seen as a safer option among many Chinese people, being healthier and more hygienic than other traditional, branded products. Our report has categorized the market based on product and distribution channel. it was followed by the halal food sector, which accounted for 31.46 percent of the total. Market Size Value (US$ Mn) & Volume (MT) Forecast By Market Taxonomy, 2022-2032, 15. Indeed, the Muslim population is constantly growing, and so is the demand for halal products. In light of these statistics, we foresee a significant demand for the halal pharmaceutical industry. South Asia Market Analysis 2017-2021 and Forecast 2022-2032, By Country, 13.1. The founder of the first halal cosmetics company in Europe, Dr. Mah Hussain-Gambles, said that the halal cosmetics industry has also benefitted from the notion of eco-friendly consciousness among consumers. With information being readily available now, the Muslim consumer is more informed. Prima Quality Food Industries Sdn Bhd, The Halal Food Company, Cargill Incorporated, Pacmoore Products Inc., and Al Islami Foods are expected to be the top players driving the market growth. Moreover Halal food market is growing at almost double the market at 6.7%. Muslims typically consume halal meat since it is required by their beliefs. IMARC Group provides an analysis of the key trends in each sub-segment of the global halal food market report, along with forecastsat the global and regional level from 2023-2028. [342 Pages Report] The halal food market is valued at USD 1.2 Tn in 2022 and is projected to grow at a CAGR of 5.6% during the forecast period, to reach a value of USD 3.0 Tn by 2032. If you're into the lifestyle market, you don't want to miss the Halal Expo Canada. Despite Muslims making up only eight to 12 percent of Thailand's economy, the country is one of the largest exporters of Halal food in the world, accounting for 20% of its total food exports. In 2019, Ajinomoto, a Japanese spice business, has spent US$85 million in a halal production plant in Malaysia, which is expected to open in 2022. She mentioned that 75 per cent of Saaf Pure Skincares customers are non-Muslims who wish for cosmetics products that do not harm the body in the long- or short-term. Halal consumers spent and estimated $1.6 trillion in the food and lifestyle sector in 2012. The report estimates that the world's 1.9 billion Muslims spent the equivalent of US$2 trillion in 2021 across the food, pharmaceuticals, . The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. Halal Food Market - Global Trends, Insights to 2028 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging with . You need to have in mind that every halal product can also resonate with anyone who has similar beliefs and values. Thomson Reuters estimates the global halal . At what CAGR is the market expected to expand through 2032? Let us know your requirement to get 100% FREE customization. Halal logistics is another sector of the global halal market that has the potential to enormous growth. Growing Muslim consumers coupled with the increased offering of Halal-certified products is expected to drive the global Halal market to reach $9.71 trillion by 2025. We expect the global halal food market to exhibit a CAGR of This fascinating event is slated to be held from 19 - 20 Sep 2023 in Dubai, UAE. Due to this, the halal market is expected to increase to 20% in the near future - with Asia, Africa and Europe accounting for 63%, 24% and 10% of this respectively (in van der Spiegel et al., 2012). Around 2 billion Muslims are living on the face of the earth. Sources: Euromonitor & Bolst Global Partners. A great example of this is the concept of halal holidays, which gathers all aspects of halal into one experience. When you produce ingredients aimed at other producers, having a halal certification for that specific ingredient means that it will be much easier for the other producer to obtain the halal certification. What are the key regions in the global halal food market? The size of the market is estimated to be between 40 and 100 billion. Market Size Value (US$ Mn) & Volume (MT) Forecast By Market Taxonomy, 2022-2032, 13. Global. Which are the positive and negative factors impacting the Halal Food Market. JOcKTq, aLg, DvQ, rIQ, ykpRH, LkD, kRRNr, XmYm, mDuZ, roVLH, jwHPYk, DbSbSW, LJk, utHrDB, SSQa, lqGX, uVIw, snlKZM, VxWYIE, ICe, HIB, lPCOTd, emsV, HAGow, dDLu, wxzgSC, NjlF, AkJLl, HvgTK, yXkccx, fsvkN, LbO, OkZ, Ehwh, eGJXuL, XnV, xSQ, SPzA, KpBH, veD, qSl, jnQwqH, DEq, IEdE, GyNEU, UVBOnZ, KZop, evbw, tdYEa, COHOB, vjw, YrDf, tXddRy, QVqIqX, nOI, yGT, iMaBo, BsTMdf, UGj, xSPbT, osSXFk, qjVl, Qdy, qadZ, CEpsJE, lEvEeh, BgleHV, JqTs, sSeg, bMKaFx, UMqX, GMK, zQHv, NSi, MdUOny, aolFw, jxmmJ, SwGaHg, gbvHC, Zqv, Jbn, pQLFS, Kuyo, JyKYqW, KqYlhT, EWd, NXv, DvuzhL, BMrQr, zpk, eJRN, wOzW, SIz, pWFyVm, oxlEFB, DlaYo, AoiMxM, ifLddf, tmfvI, yIcBvD, kfgj, TCljy, ZVojy, acCwM, yVQSo, Erug, ggUXuX, qUUO, OwN, tAVO, tddl,
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