Global Halal Food Market Analysis, Size, Share, Growth and Forecasts Report by Hexa Research
Halal food is considered as one of the fastest growing global food product categories with the majority of the demand coming from Asia. The halal food market is forecasted to witness tremendous growth opportunities from people of all religions and ethnic backgrounds owing to Halal food’s ethical quality, hygiene, and safety.
Halal food is considered as one of the fastest growing global food product categories with the majority of the demand coming from Asia. The halal food market is forecasted to witness tremendous growth opportunities from people of all religions and ethnic backgrounds owing to Halal food’s ethical quality, hygiene, and safety.
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<strong>Hexa</strong> <strong>Research</strong><br />
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<strong>Global</strong> <strong>Halal</strong> <strong>Food</strong> <strong>Market</strong> <strong>Size</strong>, <strong>Growth</strong>, <strong>Share</strong> <strong>and</strong> Industry<br />
<strong>Analysis</strong>: <strong>Hexa</strong> <strong>Research</strong><br />
<strong>Halal</strong> food is considered as one of the fastest growing global food product categories with the<br />
majority of the dem<strong>and</strong> coming from Asia. The halal food market is forecasted to witness<br />
tremendous growth opportunities from people of all religions <strong>and</strong> ethnic backgrounds owing to<br />
<strong>Halal</strong> food’s ethical quality, hygiene, <strong>and</strong> safety. The competition in this industry is expected to<br />
rise owing to dem<strong>and</strong> diversity, quality <strong>and</strong> efficiency over the forecasted period. This market is<br />
anticipated to become more diverse in terms of purchasing power as well as geographically.<br />
<strong>Halal</strong> is referred to as what is lawful <strong>and</strong> permitted in Islam <strong>and</strong> can be used in reference to<br />
lifestyle products <strong>and</strong> food which includes cosmetics <strong>and</strong> personal care, pharmaceutical items<br />
as well as clothing.<br />
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Muslim population which make up about a quarter of the global population <strong>and</strong> is expected to<br />
rise can be considered as the key growth factor for the <strong>Halal</strong> food market. The rise in the<br />
median age in countries with Muslim majority is anticipated to lead to an increased dem<strong>and</strong> for<br />
a diverse range of <strong>Halal</strong> products <strong>and</strong> services which meet their lifestyle aspirations as well as<br />
their faith. Increasing disposable income among the Muslim population is expected to fuel<br />
dem<strong>and</strong> for differentiated <strong>and</strong> new <strong>Halal</strong> food. Religious values in addition to Islam tenets to<br />
maintain self-respect <strong>and</strong> integrity, to safeguard future generations <strong>and</strong> to preserve life are<br />
expected to drive growth. Economic development in countries with large Muslim population<br />
coupled with a younger demographic in majorly Muslim populated countries makes this industry<br />
a growing one. The growing concern about unhealthy <strong>and</strong> unhygienic food is expected to shift<br />
the preference of Muslim as well as non-Muslim population towards <strong>Halal</strong> food <strong>and</strong> thus, the<br />
dem<strong>and</strong> is likely to rise. Additionally, a certain degree of acculturation, respect for animal<br />
welfare <strong>and</strong> health concerns are also expected to be major drivers.<br />
Nonfood <strong>Halal</strong> <strong>Market</strong> opportunities are also expected to rise owing to factors such as the<br />
presence of alcoholic substances or products derived from animals in cosmetics <strong>and</strong> personal<br />
care, rise in dem<strong>and</strong> for <strong>Halal</strong> pharma <strong>and</strong> healthcare products <strong>and</strong> rise in <strong>Halal</strong> tourism which<br />
includes umrah, hajj, <strong>and</strong> pilgrimage. Other growth factors include the commercial potential for<br />
Muslim women’s clothing line that is in accordance with religious sentiments <strong>and</strong> rise in <strong>Halal</strong><br />
logistics which preserves the integrity of the product from the farm to the table of the<br />
consumers.<br />
The lack of a single unified global <strong>Halal</strong> st<strong>and</strong>ard might dampen the industry growth. Various<br />
countries have different certification st<strong>and</strong>ards owing to the existence of various <strong>Halal</strong><br />
authorities which in turn leads to high supply chain cycle time <strong>and</strong> hinders product development.<br />
Maintenance of <strong>Halal</strong> integrity throughout its supply chain is expected to pose a major challenge<br />
with the rise in physical contamination of food products <strong>and</strong> fraudulent <strong>Halal</strong> certifications.<br />
Shortage of skilled workers in the <strong>Halal</strong> industry restricts production efficiency as well as<br />
innovation, there<strong>by</strong> posing major challenges to the growth over the forecasted period.<br />
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http://www.hexaresearch.com/press-release/halal-food-market/<br />
Increasing population in different regions <strong>and</strong> a growing consumer base presents major growth<br />
opportunities for this market. Asia, which has the majority of the world’s Muslim population, is<br />
the frontrunner for <strong>Halal</strong> products. The Asian market is primarily driven <strong>by</strong> China, Indonesia,<br />
Pakistan, Malaysia, <strong>and</strong> India. Egypt, Turkey, <strong>and</strong> Indonesia offer a huge consumer base for<br />
halal products .Dem<strong>and</strong> for <strong>Halal</strong> food is projected to double in the Middle East over the<br />
forecasted period. European <strong>Halal</strong> food market is expected to grow substantially owing to the<br />
sale of <strong>Halal</strong> food in big grocery retails.<br />
Many companies in the food industry have started offering halal food to exp<strong>and</strong> their business.<br />
Hypermarkets, supermarkets, small stores <strong>and</strong> butcheries are increasingly selling <strong>Halal</strong> food<br />
products. <strong>Food</strong>-service chains such as N<strong>and</strong>o’s <strong>and</strong> KFC have <strong>Halal</strong> outlets for their Muslim<br />
consumers. European Supermarket giants Auchan <strong>and</strong> Carrefour aggressively purchases <strong>and</strong><br />
sells <strong>Halal</strong> food. <strong>Halal</strong> Expos held in countries such as Iran, Dubai-UAE, Turkey, Singapore <strong>and</strong><br />
Malaysia is helping in exp<strong>and</strong>ing this industry. Online business portal <strong>and</strong> E-commerce might<br />
prove to be one of the best ways to penetrate the emerging market. Dagang<strong>Halal</strong>.com, which is<br />
a <strong>Halal</strong> business portal supported <strong>by</strong> the Malaysian government, integrates <strong>Halal</strong> service<br />
providers, distributors, exporters, importers <strong>and</strong> manufacturers into the global <strong>Halal</strong> industry <strong>and</strong><br />
is thus expected to augment the <strong>Halal</strong> industry. Zabiah.com <strong>and</strong> several other <strong>Halal</strong> blogs such<br />
as halalfoodguy.co, mybigfathalalblog.com <strong>and</strong> thehalalfoodblog.com are increasingly spreading<br />
awareness about the benefits of <strong>Halal</strong> food.<br />
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Table of Contents<br />
Chapter One <strong>Halal</strong> <strong>Food</strong> Industry Overview 1<br />
1.1 <strong>Halal</strong> <strong>Food</strong> Definition 1<br />
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1.2 <strong>Halal</strong> <strong>Food</strong> Classification 4<br />
1.3 <strong>Halal</strong> <strong>Food</strong> Industry Chain Structure 4<br />
1.4 <strong>Halal</strong> <strong>Food</strong> Industry Overview 6<br />
1.5 Muslim History 7<br />
Chapter Two <strong>Global</strong> <strong>Halal</strong> <strong>Food</strong> <strong>Market</strong> Status <strong>Analysis</strong> 9<br />
2.1 <strong>Global</strong> <strong>Halal</strong> <strong>Food</strong> Productions Consumptions <strong>Market</strong> <strong>Analysis</strong> 9<br />
2.1.1 2009-2014 <strong>Halal</strong> <strong>Food</strong> Consumptions status 9<br />
2.1.2 2009-2014 <strong>Halal</strong> <strong>Food</strong> Industry <strong>Market</strong> Status <strong>by</strong> Region 10<br />
2.1.3 2013 Muslim population in Each Region 12<br />
2.1.4 <strong>Global</strong> market research conclusion 13<br />
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