MENA Halal Food Market

Halal food industry is projected to gain major traction in the MENA region in the near future due to the rapid penetration of halal food distribution channels in the region. Moreover, increasing awareness about halal food and rapid adoption of halal food as safe and natural food are some of the key factors driving the growth of the MENA halal food market.

Market Dynamics

The wide presence of the Muslim population aroun Middle East and North Africa who abide by the is primarily driving the demand for halal food products. Additionally, the growing number of stringent regulatory frameworks that consist of mandatory halal labeling and certification rules for food and beverages is propelling the market growth. Moreover, the rising awareness, Muslim population, towards food safety, hygiene, and reliability offered by halal food products is further augmenting the market across Gulf Cooperation Council countries. Apart from this, significant growth in the food retail sector along with the growing availability of halal food and beverages across diverse distribution channels is catalyzing the market growth. Additionally, the emergence of e-commerce platforms in the GCC region has further bolstered the sales of halal food items on account of diverse product ranges, discounted offers, convenient purchases, doorstep delivery, etc. Besides this, several international companies are introducing halal food variants in their product portfolios to cater to the religious beliefs of their regional consumers. Moreover, the increasing popularity of numerous ready-to-eat and convenient halal food items, such as hot dogs, nuggets, soups, candies, cookies, pizzas, etc. is expected to drive market growth in the MENA region during the forecast period.

Key features of the study:

• This report provides an in-depth analysis of MENA halal food market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the MENA halal food market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Cargill Inc., Al Islami Foods, BRF, Agthia, Fine Foods, Rhodes Food Group Holdings Ltd, Global Food Industries, LLC, and Alpha Fine Foods
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
• The MENA halal food market report caters to various stakeholders in this industry including investors, suppliers, MENA halal food manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the MENA halal food market

Detailed Segmentation:

• MENA Halal Food Market, By Product Type:
  • Dairy Products
  • Meat Products
  • Grain Products
  • Vegan Products
  • Others
• MENA Halal Food Market, By Distribution Channel:
  • Hypermarkets
  • Supermarkets
  • Specialty Stores
  • Online Channel
  • Convenience Stores
  • Others
• MENA Halal Food Market, By Region:
  • Middle East
    • Saudi Arabia
    • UAE
    • Kuwait
    • Oman
    • Qatar
    • Bahrain
    • Rest of Middle East
  • North Africa
• Company Profile
  • Cargill Inc.*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Al Islami Foods
  • BRF
  • Agthia
  • Fine Foods
  • Rhodes Food Group Holdings Ltd 
  • Global Food Industries, LLC
  • Alpha Fine Foods

 “*” marked represents similar segmentation in other categories in the respective section