GCC Halal Food Market 2022: Overview, Trends, Analysis, Scope and Forecast 2027
According to the latest report by IMARC Group, titled “GCC Halal Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The GCC halal food market reached a value of US$ 58.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 73.7 Billion by 2027, exhibiting a CAGR of 4.1% during 2022-2027.
Halal food refers to food and beverage products that are produced, manufactured, and composed in adherence to Islamic standards. It forbids the use of human- or animal-derived ingredients and genetically modified organisms (GMOs), including fluids discharged from bodies, pigs and their derivates, ham, and blood and carrion. They are also free from other ingredients, such as alcohol, silicone-based polymer, L-cysteine, lipase, mercury, dimethicone, and rennet, that are considered harmful for human consumption. Halal food products are cleaned, stored, and packaged using halal-certified packaging materials and equipment. Apart from this, they are defined as lawful, permissible, and clean products that are safer to eat, hygienic, and enhance metabolism and immunity.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The increasing consumption of halal food can be attributed to the substantial Muslim population in the region who abide by the Islamic shariah norms as part of their religious belief. Furthermore, the rising awareness among non-Muslim communities regarding several benefits offered by halal food products, such as safety, hygiene, better taste, high nutrition, and tender and stress hormone-free meat, is providing a considerable boost to the market growth. Additionally, the integration of the Internet of things (IoT) in the halal food supply chain to address the consumer’s concern regarding the integrity of food products by offering traceability, improved supply chain efficiency, livestock management, and authentication and monitoring of halal status is providing an impetus to the market growth. In line with this, the introduction of several value-added food items, including sandwiches, soups, pizzas, candies, burgers, and hot dogs prepared as per the Islamic dietary law, is acting as another growth-inducing factor. Moreover, increasing investments by several regional governments to introduce mandatory halal labeling and certification rules is positively influencing the market growth. Other factors, including rising expenditure capacities of consumers and easy product availability across e-commerce platforms are anticipated to drive the market toward growth. On account of the aforementioned factors, the market value is expected to reach US$ 73.7 Billion by 2027, exhibiting a CAGR of 4.1% during 2022-2027.
Breakup by Product Type:
Meat, Poultry Seafood
Fruits Vegetables
Dairy Products
Cereals Grains
Oil, Fats Waxes
Confectionery
Others
Breakup by Distribution Channel:
Traditional Retailers
Supermarkets Hypermarkets
Online
Others
Breakup by Country:
Saudi Arabia
UAE
Oman
Kuwait
Qatar
Bahrain
Competitive Landscape with Key Player:
Al Islami Foods
Al Kabeer Group ME
Al Rawdah Foods
Al-Falah Supermarket
BRF Global (Sadia Halal)
Nestle S.A
Podravka Gulf FZE
JM Foods LLC
American Halal Company Inc. (Saffron Road)
Seara Foods Middle East
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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