Global Halal Food Market expected to reach $3.97 billion by 2034, with growth driven by rising demand
From GlobeNewswire: 2025-02-12 03:30:00
The global Halal Food Market was valued at approximately $1.76 billion in 2024, expected to reach $2.11 billion in 2025, and projected to hit around $3.97 billion by 2034, with a CAGR of 7.45%. The demand for halal organic food products is on the rise, particularly in the Asia-Pacific region, with a 12% annual growth rate.
The halal food industry is experiencing rapid growth worldwide due to the increasing global Muslim population and greater awareness of food safety and halal certification standards. Halal products are perceived as higher quality and ethically produced, leading to increased investments in certification frameworks by governments and institutions to meet consumer demands.
Online platforms, such as Amazon’s halal section, are playing a significant role in influencing the market, especially among tech-savvy consumers. E-commerce channels provide consumers with access to comprehensive information on halal products, increasing transparency and convenience. The Middle East and Africa are key markets for halal food, given their significant Muslim population and cultural preferences.
The Asia-Pacific region, with countries like Indonesia and Malaysia, is witnessing rapid growth in halal food demand. Government support for halal industry certifications and export policies is expected to boost local production and global trade. The market for halal products is also growing in Muslim-minority countries, driven by increased awareness of food safety and ethics.
The Halal Industry Development Corporation reports up to 8% annual growth in halal markets in Southeast Asia, driven by local consumption and exports. The market is dynamic, with significant potential for growth in various regions. The report provides detailed insights into market size, growth projections, key segments, and regional scope, offering valuable information for industry players and investors. The Halal Foods market report for 2024 includes an introduction, industry analysis, and updated regional analysis. It covers the impact of the COVID-19 pandemic, top market players, and custom market insights. The report also analyzes market size, share, trends, and key players in-depth, providing valuable information for industry stakeholders.
CMI’s analysis of the Global Halal Food market delves into driving forces, challenges, opportunities, and key trends. The report addresses segment-wise market size, market share, and competitive landscape including key players’ profiles, market shares, and mergers. It provides a comprehensive view of the industry dynamics and market scenarios for the forecast period.
Key questions answered in the report include the size and growth rate of the Halal Foods market, driving factors, top companies, market categories, fastest-growing segments, and essential players’ roles in the value chain. The report offers insights into obtaining a free sample report and company profiles, along with market dynamics, segmentation, and competitive landscape analysis.
The Middle East & Africa region is expected to hold a significant share of the global halal food market due to substantial Muslim populations. Supportive government policies and emphasis on halal food certification are expected to drive market growth. North America and Europe are also key regions driving market growth with increasing demand for halal products and diverse consumer preferences.
The UK in Europe holds a considerable market share due to its large and diverse Muslim population. Halal products are gaining popularity in supermarkets, chain stores, and households, driven by consumer health consciousness and ethical sourcing preferences. The market is expected to grow significantly during the forecast period, offering opportunities for industry players to expand their market presence. The global Halal Foods Market report offers insights on market size, trends, and key players like Nestlé, BRF S.A., and Al Islami Foods. With detailed analysis by product type, application, and region, the report provides valuable data for businesses in the food industry. Customization options and special discounts are available for interested buyers. Contact sales for more information. 1. The stock market reached new highs today, with the Dow Jones Industrial Average closing at 25,000 points. This milestone comes amid positive economic data and strong corporate earnings reports, signaling confidence in the market.
2. A new study shows that regular exercise can reduce the risk of heart disease by 50%. Researchers found that individuals who engaged in physical activity for at least 30 minutes a day had significantly lower rates of heart-related issues compared to sedentary individuals.
3. The United Nations reported that global temperatures have risen by 1.2 degrees Celsius since pre-industrial times, surpassing the target set by the Paris Agreement. This alarming trend highlights the urgent need for countries to ramp up efforts to combat climate change and reduce greenhouse gas emissions. 1. The stock market reached record highs today, with the S&P 500 closing at 3,300 points, following positive earnings reports from major companies like Apple and Amazon.
2. A new study has found that over 40% of Americans struggle to afford basic needs like food and housing, despite a strong economy and low unemployment rate.
3. The United Nations reported that global temperatures are on track to exceed the 1.5°C target set by the Paris Agreement, with scientists warning of dire consequences for the planet if action is not taken soon. 1. The stock market surged today with the S&P 500 hitting a record high, fueled by positive economic data and strong corporate earnings reports. The Dow Jones Industrial Average rose by 300 points, while the Nasdaq also saw significant gains.
2. In international news, tensions are escalating between Russia and Ukraine as Ukrainian troops clash with pro-Russian separatists in eastern Ukraine. The United States has expressed support for Ukraine’s sovereignty and has called on Russia to de-escalate the situation.
3. The latest unemployment numbers show a decrease in jobless claims, with only 350,000 new claims filed last week. This marks a significant improvement from previous weeks and signals a positive trend in the labor market.
4. Scientists have discovered a new species of dinosaur in Argentina, named Llukalkan aliocranianus. This fearsome predator had a unique skull structure and is believed to have lived around 85 million years ago during the Late Cretaceous period.
5. The Biden administration has announced plans to invest $2.3 billion in clean energy projects across the country. This initiative aims to create jobs, reduce carbon emissions, and promote sustainable energy sources such as wind and solar power.
Read more at GlobeNewswire: [Latest] Global Halal Food Market Size/Share Worth USD 3.97