Halal Food Market Share

Asia Pacific Market Forecast

Asia Pacific industry is estimated to dominate majority revenue share of 40% by 2037. Rapid consumption of fast food and an increasing number of Muslim tourists are driving growth in the market. The diet in the Asia Pacific region varies as per the religion and the Islam-following population prefers only halal food. According to a report, the halal processed food garnered an export value of nearly USD 90 Million in 2019 from South Korea to Indonesia. Even consumer preferences are changing these days, around 30% of the Japanese population is interested in halal food

Europe Market Analysis
 

In halal food market, European region is estimated to capture over 5% share by 2037 owing to the high demand for halal food from the Muslim population living in the region and the high-end consumption of halal meat. As per Phew Research Center, nearly 4.9% of the European Population constituted Muslims in 2016.

Moreover, the region has a significant number of non-Muslim Populations who are also actively purchasing halal goods since these products have various health benefits such as low saturated fat. Further, in the UK, reports say that 20% of chickens slaughtered every month are halal, a very evident reason for the growth of the market. Also, according to a report, nearly 65% of Muslims in France buy halal meat.