Halal Food Market Outlook:
Halal Food Market size was valued at USD 3.2 trillion in 2025 and is projected to reach USD 7.6 trillion by the end of 2035, rising at a CAGR of 9.1% during the forecast period, i.e., 2026-2035. In 2026, the industry size of halal food is assessed at USD 3.4 trillion.
The global halal food market is driven by the rising population in the key regions where procurement decisions prioritize compliant supply chains. Further, increased global awareness of sustainability, green growth, and ethical consumption is driving the halal industry both in the OIC countries and around the globe. Mostly halal products and services are mainly established in niche markets such as food, tourism, lifestyle, and finance. The Statistical, Economic and Social Research and Training Centre for Islamic Countries data in December 2021 indicates that the global halal industry is set to be USD 6.0 trillion in 2024, highlighting the rising demand for the product. The Islamic finance sector signified the largest share in the halal industry with 60.8% followed by the halal food sector 24.6%, the Islamic lifestyle sector 13.4%, and Islamic tourism 1.2%. This positions the halal food segment as the core driver of the tangible consumer goods sector within the broader Islamic economy.
The continental halal food market is anticipated to expand annually, and the emerging markets such as Southeast Asia and Africa provide more opportunities for volume-based collaborations. According to the Malaysian International Food & Beverage Trade Fair data in February 2023, the food services sector is the largest component of the halal Economy in Malaysia, with the revenue in the sector reaching USD 31 billion in 2021, highlighting reliable demand for processed goods and fresh commodities. Further, exporters utilize this by aiming for compliance-aligned shipments as Philippines halal products imported hit USD 120 million in dairy, beef, and poultry products. Overall, the sector actively supports strategic alliances for cost-efficient sourcing, with OIC-led initiatives boosting the standardized procurement processes to streamline cross-border transactions and minimize supply disruptions.
