HALAL FOOD MARKET ANALYSIS

Halal Food MarketSize and Trends

Global halal food market was valued at US$ 879.6 Bn in 2022, exhibiting a CAGR of 12.80% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 2,306.2 Bn by 2030.

• According to U.S. Department of Agriculture (U.S.DA) 2020report, modern retail channels, such as supermarkets, hypermarkets and convenience stores, have a combined 3,914 outlets and represent around 26 percent of total sales. Traditional grocery retailers have 113,724 and represent 74 percent of total sales.

Global Halal Food Market - Growth Drivers

• Growing Muslim population all over the globe

• Growing interest in halal food among non-Muslim consumers

Figure 1. Global Halal Food Market, By Distribution Channel, 2022

Market- Trends