Halal Food Market Set to Reach $3,739 Billion by 2033

The Halal Food Market is projected to grow significantly, reaching approximately USD 3,739 billion by 2033, up from USD 1,305 billion in 2023, with a compound annual growth rate (CAGR) of 11.1%, Newswires reported. The Asia Pacific region leads the market, holding a substantial share of 60.3%.

In 2023, Meat & Alternatives dominated the market, accounting for over 50.6%, while Supermarkets/Hypermarkets captured more than 72.6% of distribution channels. The increasing global Muslim population and rising demand for halal certifications are key drivers of this growth.

Experts note that government regulations, technological advancements, and consumer awareness are shaping the market landscape. Blockchain technology is enhancing supply chain transparency, while comprehensive international standards streamline halal certification processes. As ethical consumption trends rise, the market is expanding beyond traditional food products to include cosmetics and pharmaceuticals, appealing to a broader consumer base seeking quality and safety.