Beyond Borders: The International Allure of Halal Gastronomy
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.
Cultural boundaries can be overcome through halal personal care and cosmetic products. Consumers who are not Muslims are becoming increasingly conscious of the ethical and aesthetic standards associated with halal products. Non-Muslim consumers are now looking for halal products because of their perceived safety, ethical sourcing, and healthy ingredient profiles, expanding the market beyond its normal clientele.
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The demand for natural and organic products around the world and the halal beauty market are closely tied. Many halal personal care businesses place a premium on using unadulterated, natural goods as opposed to synthetic ones. This is consistent with customers’ growing choice for beauty and grooming products that are health-conscious. Given the parallels between halal and natural/organic goods, a market segment that caters to consumers who are health-conscious is growing.
Leading companies in halal beauty place the highest importance on research and development (R&D). They invest a lot of resources into developing revolutionary product formulations that adhere to halal rules and suit the unique needs of a variety of clients. This commitment to R&D results in a
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.
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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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