Halal Food Market Projected to Reach $5.96 Trillion by 2033
The global halal food market is expected to grow significantly, from $2.67 trillion in 2024 to $5.96 trillion by 2033, Yahoo Finance reported.
This trend reflects a compound annual growth rate (CAGR) of 9.33% from 2025 to 2033, according to a new report from Research and Markets.
The growth is primarily driven by increasing demand for halal-certified products, rising Muslim populations, and heightened awareness of food safety and ethical consumption.
With over 1.9 billion Muslims globally, the demand for halal food is substantial, as dietary restrictions necessitate halal certification. Additionally, the expanding Muslim middle class is increasing purchasing power and consumption of premium halal products.
Health-conscious consumers are also contributing to market growth, as halal food is often perceived as higher quality, free from harmful additives, and prepared under strict hygiene standards. The standardization of halal certification has facilitated the availability of halal products in diverse markets, including Europe, North America, and parts of Asia, expanding global trade opportunities.
