The global Halal food market is growing at a rate of 11.24% annually. With the current levels of US$1,978 Billion in 2021, it is expected to reach US$3,907.7 Billion by the year 2027. What are the trends and drivers behind this spectacular growth? Which are the top Halal manufacturing companies? Is there any room for newcomers as well?
These are important questions to explore for would-be entrepreneurs in the global Halal industry. We will attempt to answer these questions one by one along these lines.
What is Halal Food?
We have discussed the topic in great detail elsewhere. However, we will briefly touch upon this again to clarify what constitutes Halal food.
Halal food includes a wide variety of food and beverages that need to abide by strict guidelines outlined in Islamic dietary law. Alcohol, blood, pork, pork by-products, alcohol by-products, and animals that are dead before slaughtering are all considered haram in Islam. Due to this, only premium quality ingredients are used to manufacture halal food products. Additionally, Halal food is required to be packaged and stored in utensils that have been cleaned according to the prescribed Islamic standards.
Global Halal Food Market Trends and Drivers:
The companies that market Halal food around the world are increasingly succeeding by marketing their products to Muslims, as they are the primary consumers of these food items due to their religious beliefs. As food safety and hygiene concerns rise across the globe, key manufacturers are implementing several marketing strategies, such as product innovation and quality Halal certifications, thereby creating a positive outlook for the market. Top companies are also expanding their product portfolio to include popular food items, such as pasta, yogurt, juice, and cheese. Some of the other factors propelling the growth of Halal food manufacturing companies include mergers and acquisitions, the increasing trend of a vegan diet, and extensive research and development (R&D) activities.
Top Halal Food Manufacturing Companies in the World
The following is a partial list of the top Halal manufacturing companies.
- QL Foods
- Al Islami Foods
- Dagang Halal
- Saffron Road Food
- Kawan Foods
- Janan Meat
- Prima Agri-Products
- Cargill
- BRF
- Nestle
- Tahira Food
- Al-Falah Halal Foods
For smaller Halal food manufacturers, this report should not be the end of the world. Halal food manufacturers not included in the list have plenty of opportunities to grow their businesses as the market is growing fast. There is always room for nimble Halal food companies which truly understand the global Halal food trends, can cater to the specific requirements of Muslim consumers, and brand their Halal products in the right way to grow their share of the global Halal market.
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