Halal food market size is set to grow by $427.68 billion at a CAGR of 4.52% from 2022 to 2027

The halal food market is projected to increase at a CAGR of 4.52% during the forecast period – 2022 to 2027 as per the leading global technology research and advisory company Technavio data analysts and research experts.

This market research report also suggests statistics about the market size that will grow by USD 427.68 billion.

The growing expenses of consumers on halal food, expanding production facilities of halal food, and the effective distribution network between halal food manufacturers and retailers are projected as the prominent factors leading to the halal food market growth.

Considering the geographical regions for market share growth, APAC is projected at the top of the list. 51% of the total market share growth will be originated from the APAC region by 2027.

Technavio further suggests Philippines, Indonesia, Pakistan, Bangladesh, Malaysia, and Singapore are among the leading markets for halal food in the APAC region.