Introduction: What is Halal Meat?

Halal meat is a type of food that has been prepared in accordance with Islamic religious law. It is an important part of the dietary culture for many Muslim communities around the world and is consumed by billions of people daily. Halal meat can be found in most supermarkets, restaurants, and specialty stores, as well as online.

The term “halal” comes from Arabic and means “lawful” or “permitted”. In order to make sure that the animal was not mistreated during its life (according to Islamic teachings), halal practices involve humane slaughtering methods where animals are killed in a way that causes them minimal stress and pain. These methods include using a sharp knife to quickly cut through an animal’s throat without causing any suffering – this method is known as Zabihah or Dhabh.

The global halal meat market is expected to grow significantly due to the increasing Muslim population, rising demand for halal-certified products, and growing awareness about the health benefits of halal meat. The market was valued at USD 1030.09 billion in 2023 and is projected to reach USD 3465.89 billion by 2033, growing at a CAGR of 12.9% from 2023 to 2033.

Largest Market and Fastest Growing:

  • Asia Pacific is currently the largest market for halal meat due to the high population of Muslims in the region and their preference for halal-certified products.
  • The Middle East and Africa region is expected to witness the fastest growth in the halal meat market due to the increasing population of Muslims in the region and their growing demand for halal food products.

Key Takeaways:

  • The halal meat market is expected to experience significant growth due to increasing demand for halal-certified products and a growing Muslim population.
  • Asia Pacific is expected to be the largest market for halal meat due to the large Muslim population in the region.
  • Beef is expected to be the dominant type of halal meat consumed globally.
  • The COVID-19 pandemic has affected the halal meat industry, causing supply chain disruptions and decreased demand in some regions.

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Regional Snapshot:

  • Asia Pacific is expected to be the largest market for halal meat, followed by Middle East and Africa, and Europe.
  • The increasing Muslim population in countries such as Indonesia, India, and Malaysia is driving the growth of the halal meat market in Asia Pacific.
  • The Middle East and Africa region is expected to have the highest CAGR during the forecast period, driven by the growing demand for halal meat in countries such as Saudi Arabia and the United Arab Emirates.

Market Dynamics:

1. Drivers:

  • Increasing demand for halal-certified products
  • Growing awareness about the health benefits of halal meat
  • Rising Muslim population
  • Increasing disposable income in Muslim countries

2. Restraints:

  • Limited availability of halal-certified products in some regions
  • Ethical concerns regarding animal slaughter practices
  • High cost of halal certification

3. Opportunities:

  • Increasing demand for convenience foods and ready-to-eat meals
  • Growing popularity of e-commerce platforms for purchasing halal meat
  • Expansion of the halal food industry in non-Muslim countries

4. Challenges:

  • Lack of standardization in halal certification processes
  • Increased competition from non-halal meat producers

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Key Market Segments

Type

  • Pourtry
  • Mutton
  • Beef

Application

  • Fresh Food
  • Processed Food

Key Market Players included in the report:

  • Carrefour SA
  • Nestle SA
  • Isla Delice
  • Tahira Foods Ltd.
  • Tesco plc
  • Casino
  • Tariq Halal
  • Reghalal
  • Pure Ingredients
  • Reinert Group
  • Cleone Foods
  • Eggelbusch
  • Euro Foods Group
  • Shaheen Foods
  • Crown Chicken(Cranswick)
  • Simons
  • Ekol
  • Halal-ash
  • Tsaritsyno
  • Hebei Kangyuan Islamic Food

FAQs:
Q: What is halal meat?
A: Halal meat refers to meat that is prepared and processed in accordance with Islamic dietary laws.

Q: What are the major drivers of the halal meat market?
A: The major drivers of the halal meat market include the increasing Muslim population worldwide, growing demand for halal-certified products, and increasing disposable incomes among Muslim consumers.

Q: Which region is expected to witness the fastest growth in the halal meat market?
A: The Middle East and Africa region is expected to witness the fastest growth in the halal meat market due to the increasing population of Muslims in the region and their growing demand for halal food products.

Q: What are the major challenges faced by the halal meat market?
A: The major challenges faced by the halal meat market include the lack of standardization in halal certification and the high cost of halal certification, which can hinder the growth of small and medium-sized halal meat producers.

Report Scope

Report Attribute Details
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of the World
Historical Years 2017-2022
Base Year 2022
Estimated Year 2023
Short-Term Projection Year 2028
Long-Term Projected Year 2032

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