Market Overview:
Halal food refers to food products permitted under Islamic dietary standards. The core products in the halal food market include meat and poultry, prepared meals and snacks, fruits and vegetables, grain products, sweet products, and other food products. Halal food ensures compliance with Islamic dietary laws and do not contain any alcohol, pork, blood or their by-products or any other forbidden items as per Islamic laws. The rising Muslim population globally is the key factor driving the demand for halal certified products.
Key Takeaways
The global Halal Food Market Size is expected to witness high growth, exhibiting a CAGR of 12% over the forecast period, due to increasing disposable income of population and strong global halal regulations. From a regional perspective, Southeast Asia is the fastest growing market for halal food attributed to sizeable Muslim populations in Indonesia, Malaysia, and other countries accepting halal tourism.
