Halal Food Market Set for Significant Growth by 2034

According to a recent report by The Business Research Company, the halal food market is projected to grow from $1,727.74 billion in 2024 to $1,995.08 billion in 2025, reflecting a compound annual growth rate (CAGR) of 15.5%, Whatech.com reported. This growth is driven by an increasing Muslim population, globalization, and rising awareness of halal certification.

The report forecasts the market will reach $3,301.9 billion by 2029, with a CAGR of 13.4%. Key factors contributing to this expansion include a focus on clean labels, innovations in plant-based foods, and the introduction of halal personal care products.

Technological advancements, such as blockchain and IoT, are also transforming the industry. Partnerships, like that between Fluree PBC and Malaysia’s Sinisana Technologies, enhance transparency in halal food sourcing and safety. The halal food market is segmented by product, distribution channel, and application, with Asia-Pacific identified as the largest regional market in 2024.