Halal Food Market To Hit US$9.45 Trillion By 2034

The global halal food market is poised for significant growth in the coming years, driven by a surge in demand from both Muslim and non-Muslim consumers, as well as evolving global trends. The market, valued at USD 3.30 trillion in 2025, is projected to reach USD 9.45 trillion by 2034, representing a CAGR of 12.42% from 2025 to 2034.

Several factors are contributing to this growth, including the increasing number of Muslims worldwide, the rising awareness of the benefits of halal food, and the growing acceptance of halal products among non-Muslim consumers. Additionally, the globalization of food markets and the increasing diversity of dietary preferences are driving demand for halal food options.

The Asia Pacific region is expected to dominate the halal food market, accounting for the largest share in 2024. This is due to the region’s large Muslim population, its diverse cuisines, and the increasing integration of halal certification standards. The Middle East and Africa are also expected to witness significant growth, driven by the region’s rich Islamic heritage and the growing awareness of halal food among consumers.

The meat and poultry segment is expected to remain the largest segment of the halal food market, owing to the high demand for halal meat products. The dairy products segment is also expected to grow at a rapid pace, driven by the increasing popularity of halal dairy products among consumers.

The supermarket and hypermarket segment is expected to capture the largest market share in terms of distribution channels, due to the convenience and accessibility of these stores. However, the traditional retail segment is also expected to grow at a significant rate, driven by the growing demand for fresh and locally sourced halal food products.

Several key trends are shaping the future of the halal food market, including the increasing use of technology to improve the quality and safety of halal food products, the growing focus on sustainability, and the increasing demand for halal-certified food products from non-Muslim consumers.

Overall, the halal food market is expected to witness significant growth in the coming years, driven by a combination of demographic, economic, and social factors. The growing awareness of the benefits of halal food and the increasing acceptance of halal products among consumers are expected to further drive the growth of this market.