The global halal food market is primarily driven by the growing Muslim population worldwide and their strict adherence to Islamic dietary laws. Halal food refers to food products prepared in accordance with Islamic laws or Shariah. It involves humane animal handling and prohibiting ingredients like alcohol, pork, blood, and animals not slaughtered according to Islamic method. With a large part of the global population observing Islamic dietary guidelines, there is increasing demand for certified halal food across both Muslim and non-Muslim regions.

The Global halal food market is estimated to be valued at US$ 1.43 Billion in 2024 and is expected to exhibit a CAGR of 5.1% over the forecast period 2024 to 2030.

Key Takeaways
Key players operating in the halal food market are Cargill Inc., Al Islami Foods, QL Resources Sdn Bhd, Haoyue Group, Kawan Food Berhad, BRF S.A., Saffron Road Food. These players are focusing on portfolio expansion and new product launches catering to global Muslim consumers.

There are significant opportunities in the halal food & beverage sector owing to rising Muslim populations in non-traditional markets like Europe, North America, and Asia Pacific. Flexible packaging solutions, branding, and aggressive marketing strategies are helping halal food producers to tap into untapped international geographies.

Leading halal food brands are also expanding their operations globally through strategic partnerships, mergers, and acquisitions. For instance, Nestle S.A recently acquired Chef's Warehouse catering to middle eastern customers in the U.S. Rapid globalization is propelling the international trade of certified halal ingredients and food products.

Market Drivers
One of the primary drivers of Halal Food Market Demand is the rapidly growing Muslim population worldwide. According to estimates, the global Muslim population will increase by about 35% in the next 20 years, driving higher demand for Islamic dietary compliant foods. Strict religious guidelines regarding food consumption among Muslims is another key factor augmenting the sales of certified halal foods and ingredients.

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