The global Halal food and beverage products market was valued at USD 1.3 trillion in 2022 and is projected to expand at a CAGR of 7.2% from 2023 to 2030. The increasing demand for halal food and beverage products is driven by their high nutritional value and their ability to provide a safe and healthy dietary choice. The growing awareness of the health benefits associated with halal products, along with the increasing Muslim population, has also led to a significant increase in the demand for these products.

Additionally, the growing popularity of halal food and beverage products has opened up a wide range of opportunities for new product launches and innovations. For instance, in October 2021, Nestle launched a range of Halal-certified food and beverage products in the UAE. The products include KitKat, Nescafe, and Nesquik, among others. Furthermore, manufacturers are introducing new products that cater to the increasing demand for convenience and health-conscious products. For instance, in April 2022, Mars Food launched a range of ready-to-eat halal-certified food products in the Middle East and North Africa. The range includes mains, sides, and snacks.

Furthermore, the availability of a wide variety of products in the market is driving the demand for halal food and beverage products. Manufacturers are introducing innovative flavors and formulations of halal products to cater to the unique tastes of consumers. For instance, in December 2021, Cargill launched a range of halal-certified, vegan-friendly chocolate products in the Middle East. The ready-to-eat products include a range of flavors such as orange, strawberry, and mixed fruit.

The increasing demand for halal food and beverage products has led to a surge in the number of halal certifications globally. The rise in halal certification is a result of the growing need to ensure that Muslim consumers are provided with quality food products. Furthermore, the increasing demand for halal products has led to the establishment of several certification bodies across the world. For instance, in July 2021, the Halal Research Council was launched in the United Arab Emirates, with the aim of providing halal certification services in the region.

Moreover, the increasing demand for organic and natural products has led to a surge in the demand for halal food and beverage products. Manufacturers are introducing organic and natural halal products to cater to the growing demand for clean-label products. For instance, in January 2022, Nestle launched a range of organic and natural halal-certified food and beverage products in the Middle East. The products include coffee, tea, and chocolate, among others.

The meat and poultry segment led the market and accounted for a share of around 40.8% in 2022. The growth of this segment is primarily driven by the rising demand for halal certified meat and poultry products due to the increasing Muslim population across the world. According to an article published by Forbes in April 2020, the Muslim population is expected to reach 2.76 billion by 2050, which is around a third of the global population. Additionally, growing awareness among consumers about the health benefits associated with halal certified food items is another factor driving the demand for meat and poultry products.

The bakery and confectionery segment is anticipated to expand at the fastest CAGR of 8.2% over the forecast period. The rising demand for halal certified bakery and confectionery products due to the increasing awareness about the health benefits associated with halal food is driving the growth of this segment. Moreover, the increasing adoption of Islamic dietary laws and the growing popularity of halal certified products among Muslim consumers are some of the other factors driving the demand for bakery and confectionery products.

The supermarkets and hypermarkets segment accounted for the largest share of the halal food and beverages market in 2020, due to their wide reach and availability of a wide variety of halal food and beverages products. Supermarkets & hypermarkets are preferred by consumers due to their convenience and availability of products at reasonable prices. These stores offer a wide range of halal food and beverage products, such as confectionery, frozen food, snacks, dairy, non-alcoholic beverages, and others.

The online segment is expected to expand at the highest CAGR of 8.9% during the forecast period. The rising trend of online shopping and the increasing penetration of internet connectivity and smartphones have resulted in the growth of the online segment. Moreover, the convenience of online shopping and the availability of a wide variety of halal food and beverage products have further fueled the growth of the segment. Companies such as Al Islami, Al Zayem Al Arabi, and HalalTrip are providing a wide variety of halal food and beverage products online.

The food segment accounted for the largest revenue share of 49.7% in the year 2022. The rising demand for halal food products across the globe is the key driver of the segment. The increasing awareness about the benefits of halal food among the population is further propelling the segment’s growth. According to a survey conducted by YouGov in November 2020, around 56% of the Muslim population in the U.K. prefer to buy halal food products. Furthermore, the rising trend of health-consciousness among the global population is driving the demand for halal food products. For instance, in March 2021, Nestle launched a halal-certified, gluten-free and vegan protein bar called GóA in the U.K.

The beverages segment is anticipated to register the highest CAGR of 8.1% during the forecast period. The increasing awareness about health benefits of halal beverages is driving the segment’s growth. Furthermore, the rising trend of consuming halal products as an alternative to alcoholic beverages is also driving the segment’s growth. For instance, in April 2021, Diageo launched a halal-certified alcoholic-free craft beer in the U.K. market. The product is made from barley malt, water, hop extract, and natural flavors.

Asia Pacific dominated the market and accounted for the largest revenue share of over 38.6% in 2022. The rising Muslim population in the region is a key factor behind this growth. The Muslim population in the region is expected to reach 2.2 billion by 2030, which will lead to an increase in demand for Halal food and beverage products. Additionally, an increasing number of product launches with Halal certifications is also expected to propel the market. For instance, in December 2020, Nestle India launched a range of Maggi noodles with Halal certification.

North America is expected to witness the second-fastest growth in the coming years. The rising number of Muslim immigrants in the region has resulted in an increased demand for Halal food and beverage products. Additionally, several supermarkets and online stores are now stocking Halal products, which is further expected to increase product visibility and drive the growth of the market. For instance, in December 2020, Walmart announced that it would begin stocking over 200 Halal products in stores across the U.S.

In this section of the Halal food and beverage products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your halal food and beverage products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for a halal food and beverage products business comes from sales of halal products, catering services, online orders, and other potential sources of profit such as fundraising, franchising, and the sale of merchandise.

Projecting Expenses
In this section, all the regular expenses related to keeping the halal food and beverage products business running will be described. The list of operating expenses includes Halal certification costs, wages, maintenance and repairs, utilities, insurance policies, advertising, and others.

Some of the key companies operating in the halal food and beverage market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In June 2022, Nestle launched a range of halal-certified processed food products.

– In August 2022, Unilever launched a range of halal-certified food and beverage products in the Middle East.

– In October 2022, PepsiCo launched a range of halal-certified snacks, including chips and nuts.

Some of the prominent players in the halal food and beverage market include:

– Nestle S.A.
– Unilever
– PepsiCo, Inc.
– Mars, Inc.
– General Mills, Inc.
– Kellogg Company
– Kraft Heinz Company
– Mondelēz International, Inc.
– Cargill, Inc.
– Tyson Foods, Inc.

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global Halal food and beverage products market based on product, distribution channel, type, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Dairy Products
– Bakery Products
– Confectionery Products
– Ready-to-Eat Products
– Frozen Products
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Specialty Stores
– Others

3. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Certified
– Non-Certified

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What Is Driving the Growth of the Halal Food and Beverage Products Market?
[A]: The growth of the halal food and beverage products market is driven by the increasing demand from Muslim consumers, growing awareness about health benefits of halal products, and growth in the Muslim population globally. Additionally, the growing influence of Islamic culture on the food and beverage industry, increasing availability of halal products, and advancements in technology are also driving the growth of the halal food and beverage products market.

[Q]: What Are the Major Product Types in the Halal Food and Beverage Products Market?
[A]: The major product types in the halal food and beverage products market include dairy products, processed and convenience food, ready-to-eat food, halal meat, halal snacks, halal drinks, halal confectioneries, and others.

[Q]: What Are the Key Regions in the Halal Food and Beverage Products Market?
[A]: The key regions in the halal food and beverage products market include North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

[Q]: Who Are the Major Players in the Halal Food and Beverage Products Market?
[A]: The major players in the halal food and beverage products market include Nestlé S.A., Kellogg Company, Unilever PLC, Kraft Heinz Company, General Mills, Inc., Danone S.A., PepsiCo, Inc., McCain Foods Limited, Al Islami Foods, and Fonterra Co-Operative Group Limited.

[Q]: What Are the Factors Restraining the Growth of the Halal Food and Beverage Products Market?
[A]: The factors restraining the growth of the halal food and beverage products market include lack of awareness about halal products in certain regions and high cost of halal certification.