Halal Market Forecast, 2021-2026

Halal Market size is estimated to reach $341 billion by 2026, growing at a CAGR of 9.3% during the forecast period 2021-2026. Halal Certification is a method that ensures the quality of the products is according to the rules implemented by the Islamic council. Halal-certified products are increasingly being adopted among consumers across the world owing to the growing awareness about the importance of quality assurance, reliability, and food safety. The rise in the adoption of halal processed milk and other milk products in developed nations, growing demand for halal grain products, an increase in the adoption of halal meat products among the young population, rise in the demand for halal cosmetic products, and the growing investment by the key players to develop halal certified pharmaceuticals are the factors that are set to drive the growth of the Halal Market for the period 2021-2026.  

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Halal Market Report Coverage

The report: “Halal Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Halal Market.

By Product Type: Food and Beverages, Cosmetic and Personal Care, and Others.


By Distribution Channel: Supermarkets/Hypermarkets, Online Channels, Specialty Stores, and Others.

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By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World (Middle East and Africa).


Key Takeaways

  • Geographically, the Asia-Pacific Halal Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the rise in the adoption of halal processed milk and other milk products in developed nations.
  • The increase in the demand for halal meat products among the young population is driving the Food and Beverages segment. However, high certification costs for halal products are one of the major factors that are said to reduce the growth of the Halal Market.
  • Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Halal Market report. 


Halal Market Drivers

Rise in the Adoption of Organic Color Products

Customers across the world are increasingly shifting towards organic products owing to the growing awareness about the harmful effects of compounds, such as carcinogenic and carbon black compounds. This rise in the adoption of organic color products has propelled the demand for halal products, which is one of the major factors driving the growth of the Halal Market.

Increase in the Demand for Halal Products among Non-Muslim Consumers

Halal food products, such as meat products, grain products, and processed milk products are increasingly being popular among non-Muslim consumers owing to the rise in inclination towards quality assurance, reliability, and food safety. Moreover, manufacturers are launching value-added halal products, which is further propelling the growth of the Halal Market.

Halal Market Challenges                                  

High Certification Costs for Halal Products

The key players in the market are increasing their investment to carry out various research and development activities for developing Halal grain and meat products. However, high certification costs for halal products are one of the major factors that are estimated to reduce the growth of the Halal Market.

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Halal Market Competitive Landscape:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Halal Market. Key companies of this market are Kellogg Company, Nestle SA, Glanbia Nutritionals, Clara International, Inika Organic, Ivy Beauty Corporation Sdn Bhd, Al Islami Foods, Sampure Minerals, Halal Cosmetics Company, and Elaheh Halal Cosmetics Inc among others.

Acquisitions/Product Launches:

In January 2021, Al Islami Foods has launched its first halal plant-based burger made with organic sunflower protein and plant-based protein to meet the increasing demand for healthier vegan alternatives and 100% vegan products in the UAE.

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Location: United States

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