Halal Meat Market Poised for Major Growth by 2032 Amid Rising Global Demand
The global halal meat market, which ensures adherence to Islamic dietary guidelines, is set for significant expansion over the coming years.
A recent analysis by HTF Market Intelligence predicts the market will grow from $1.2 trillion in 2024 to $2 trillion by 2032, reflecting a steady compound annual growth rate (CAGR) of 5%.
Factors Fueling Market Expansion
Key market players, such as Al Islami Foods (UAE), Arman Group (Saudi Arabia), Isla Delice (France), and Nema Foods (USA), are contributing to the increasing availability of halal meat worldwide. The market’s growth is supported by several underlying factors.
One major driver is the rapidly growing Muslim population, which leads to a higher demand for halal-certified food products that comply with religious practices. Additionally, awareness among Muslim consumers about religious dietary obligations continues to boost the demand for halal meat.
In response, many governments are stepping up with food quality certification programs. This aligns with consumer expectations for quality and authenticity, especially in the Asia-Pacific and Middle Eastern regions, which dominate the market.
Expanding Appeal Beyond Religious Markets
Interestingly, the halal meat market is no longer confined to Muslim consumers. “Increasing acceptance among non-Muslim consumers” has opened new avenues for growth, according to the HTF Market report.
Non-Muslim consumers are drawn to the perceived quality and ethical standards associated with halal-certified products, further broadening the market’s reach.
Growth Opportunities and Market Challenges
The halal meat industry, segmented by types (such as poultry, beef, and mutton) and product types (fresh and processed), continues to adapt to shifting consumer preferences.
For example, processed halal foods are increasingly popular in supermarkets and online sales channels, as they offer convenience and adhere to halal standards.
While the market outlook is positive, challenges remain. Companies must navigate complex supply chains to maintain halal integrity, a task that requires continuous oversight and improvements in certification processes.
However, with rising consumer trust and growing accessibility, the halal meat market appears well-prepared to meet future demand.
Interested in learning how the halal meat market is expanding globally? Visit our homepage for updates on meat industry trends.
