The global halal food market was valued at $2,329 billion in 2022 and is expected to reach $7,450.9 billion by 2032, growing at a compound annual growth rate (CAGR) of 12.41% from 2023 to 2032. This strong growth reflects the increasing importance of halal-certified food products in both Muslim-majority and non-Muslim countries worldwide.
The expansion of the halal food industry is largely driven by the rapid growth of the global Muslim population, rising demand for halal food products, and increasing consumer purchasing power. In addition, greater awareness of food quality, safety, and ethical production practices is encouraging consumers to choose halal-certified foods. However, the market faces certain restraints, including stringent government regulations for halal certification and challenges related to storage and transportation, which may limit growth to some extent.
A growing number of grocery stores and food manufacturers are entering the halal food market by offering halal-certified products. This trend is especially visible in Western countries such as the United States, where the expanding Muslim population and increased consumer awareness are contributing to higher market revenues. As Muslim communities continue to grow across different regions, demand for halal food products is expected to rise steadily.
Halal food refers to products prepared in accordance with Islamic dietary laws, which emphasize ethical animal treatment and slaughter, prohibit alcohol, and restrict pork-derived ingredients. To ensure compliance, halal food must be sourced from suppliers that have obtained halal certification. While halal certification is most commonly associated with food products, it also applies to non-food items such as cosmetics, pharmaceuticals, personal care products, and cleaning supplies, highlighting the broader scope of the halal industry.
Although the halal industry spans multiple sectors including banking, fashion, tourism, and healthcare, halal food continues to represent a significant share of the overall halal economy. As Western countries increasingly seek halal certification to cater to diverse consumer bases, halal food is expected to maintain a strong presence in the global market.
According to the American Halal Foundation, Muslims represented approximately 25% of the global population in 2022, a figure projected to increase to 30% by 2030. While Islam is predominantly practiced in the Middle East, Muslim populations are growing rapidly in Western nations, including the U.S. Demand for halal meat and food products in the U.S. increased by 15% between 2012 and 2015, and this trend is expected to continue as the Muslim population expands in the coming years.
Due to the strict standards required for halal certification, halal food is widely perceived as clean, safe, and high quality. Research indicates that non-Muslim consumers view halal products favorably and are increasingly willing to purchase them. The DinarStandard State of the Global Islamic Economy Report 2021/2022 highlights a growing trend of non-Muslim consumers adopting Islamic ethical principles, particularly those aligned with ethical and responsible consumption.
Investment in Islamic economic sectors across both OIC and non-OIC countries grew significantly, increasing by 118% between 2019 and 2021, with the halal food sector accounting for 15.5% of total investment growth. Additionally, initiatives aimed at implementing unified halal standards across OIC member countries are expected to enhance product quality and strengthen the position of halal food products in global trade.
The halal food market is segmented based on product type, distribution channel, and region. By product type, the market includes meat and poultry, dairy products, fish and seafood, cereals and confectionery, and other food categories. Distribution channels include traditional retailers, supermarkets and hypermarkets, online platforms, and others. Regionally, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
In 2022, Asia-Pacific held the largest share of the global halal food market, accounting for more than two-fifths of total revenue, driven by a large Muslim population and growing awareness of halal certification among non-Muslims. Meanwhile, the LAMEA region is expected to witness the fastest growth, with a projected CAGR of 12.63% from 2023 to 2032, supported by a high concentration of Muslim-majority countries, rising incomes, population growth, and increasing awareness of hygienic and nutritious food production.