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In Apr 28, 2023

Did you know that Halal food accounts for 36% of the global halal industry market share?

The halal food industry has been rapidly growing in recent years, and it is projected to continue its upward trajectory in the coming years. In fact, it may come as a surprise to many that halal food accounts for 36% of the global halal industry market share.


Halal food refers to food that is permissible under Islamic dietary laws, which dictate what Muslims can and cannot eat. These laws require that the animal be slaughtered in a specific manner, and the meat must be free from any blood or blood-related products. It also prohibits the consumption of pork and any intoxicating substance, including alcohol.


The halal food industry encompasses a wide range of products, including meat, dairy, and processed foods. The industry has seen significant growth in recent years due to several factors, including the increase in the Muslim population worldwide and the rising awareness of the benefits of halal food, such as its cleanliness, safety, and ethical production.


According to the State of the Global Islamic Economy Report 2020-2021, the halal food industry's market size is estimated to be $1.4 trillion, with the meat sector accounting for the largest share of this market. The report also reveals that the top five countries in terms of halal food consumption are Indonesia, Pakistan, India, Turkey, and Iran.


The halal food industry's growth has not been limited to Muslim-majority countries alone, with non-Muslim countries such as the United States, Canada, and the United Kingdom also witnessing a surge in demand for halal food. This is partly due to the increasing number of Muslims living in these countries and the growing trend of healthy and ethical food consumption.


One of the factors driving the halal food industry's growth is the increasing number of certifications and regulations for halal food products. Governments and organizations worldwide have recognized the importance of the halal food industry and have established guidelines and regulations to ensure that the halal food products are produced and consumed in a halal manner.


In conclusion, the halal food industry is a rapidly growing sector, accounting for a significant share of the global halal industry market. The increasing demand for halal food products is driven by several factors, including the growth of the Muslim population worldwide and the rising awareness of the benefits of halal food. With the industry's growth projected to continue in the coming years, it presents an exciting opportunity for businesses and consumers alike.


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