ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET FORECAST 2023-2032
SCOPE OF THE REPORT
Asia-Pacific Halal Food & Beverage Market by User Demographic (Muslim, Non-muslim) Market by Product Type (Halal Food (Halal Meat Products, Halal Dairy Products, Halal Grain Products, Halal Bakery & Confectionery Products, Other Halal Foods), Halal Beverage, Halal Supplement) Market by Distribution Channel (Convenience Store, Specialty Store, Supermarket & Hypermarket, Online Store, Other Distribution Channels) by Geography
REPORTS » CONSUMER GOODS » FOOD AND BEVERAGES » ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET FORECAST 2023-2032
MARKET OVERVIEW
The Asia-Pacific halal food & beverage market is expected to record a CAGR of 6.10% during the forecast period, 2023-2032, and is set to garner a revenue of $1145.63 billion by 2032.
The halal food & beverage market growth in Asia-Pacific is attributed to the surging Muslim population due to increasing conversions and growing migration from Muslim nations to Southeast Asia.
However, the Asia-Pacific halal food & beverage market growth is hindered by the increasing complexity of food supply chains in the region.
![Asia-Pacific Halal Food & Beverage Market](https://inkwoodresearch.com/wp-content/uploads/edd/2023/08/Asia-Pacific-Halal-Food-Beverage-Market.jpg)
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The Asia-Pacific halal food & beverage market growth assessment includes the analysis of Malaysia, China, Indonesia, Japan, Thailand, India, South Korea, Australia & New Zealand, and Rest of Asia-Pacific. China serves as a relevant example where food safety remains a pressing concern for consumers, mainly attributed to significant food scandals. The halal label has emerged as a pivotal assurance for consumers, signifying that products have undergone rigorous checks and tests to ensure their safety. Further, in 2017, a notable 95% share of China’s halal packaged food, soft drinks, and hot drinks belonged to domestic entities, with the remaining market held by multinational corporations such as Mondelez International Inc, Nestlé SA, and Century Pacific Food Inc. Notably, international companies possessing foreign halal logos experience heightened demand in China, as they enjoy a competitive edge due to foreign accreditations.
Whereas in South Korea, Muslim tourism is currently the leading growth sector. The South Korean government is proactively driving a tourism campaign with the objective of attracting 1.2 million Muslim tourists annually. Additionally, efforts are being made by the government to address the lack of Muslim-friendly facilities for tourists, including halal restaurants, prayer rooms, and other relevant establishments. This endeavor is aimed at further attracting Muslim travelers and fostering the expansion of the halal food and beverage market within the country.
The Asia-Pacific halal food & beverage market segmentation includes distribution channel, user demographic, and product type. The distribution channel segment includes online store, specialty store, convenience store, supermarket & hypermarket, and other distribution channels.
Specialty stores offer enhanced visibility and a diverse range of updated product types. Renowned players, such as Tariq Halal, Food City Store, and Halal Butchers, leverage these retail channels due to their convenience for both end users and vendors. Moreover, these stores are investing in creating a luxurious ambiance to attract more consumers. A notable example is Alfu International, which established a halal food and beverages store claiming to be the largest in South-west England.
Furthermore, specialty retail stores represent dedicated high-end experiential shopping environments that showcase a wide array of functional halal food and beverages. The tailored approach and products catering to specific target consumers have fueled increased sales in specialty stores, driven by the growing demand for halal foods and beverages.
Some of the leading players in the Asia-Pacific halal food & beverage market are Tariq Halal Meats, Cargill Incorporated, PrimaBaguz Sdn Bhd, etc.
Cargill Incorporated provides industrial, financial, agricultural, and food products and services. It operates through five segments, metals & shipping, agricultural supply chain, protein & salt, animal nutrition, and food ingredients & bio-industrial. The company distributes food to restaurants and retail stores. It offers halal meat & poultry products under the Sun Valley Foods brand in Europe. The company is headquartered in Minneapolis, Minnesota, the United States, with operations in the Middle East & Africa, Europe, the Americas, and Asia-Pacific.
One of its products, Hot & Spicy Chicken Wings, is a halal delicacy in a hot & spicy crispy coating snack.
REPORT SYNOPSIS
REPORT SCOPE | DETAILS |
---|---|
Market Forecast Years | 2023-2032 |
Base Year | 2022 |
Market Historical Years | 2018-2022 |
Forecast Units | Revenue ($ Billion) |
Segments Analyzed | Distribution Channel, User Demographic, Product Type |
Countries Analyzed | Malaysia, China, Indonesia, Japan, Thailand, India, South Korea, Australia & New Zealand, and Rest of Asia-Pacific |
Companies Analyzed | Al Islami Foods, American Foods Group LLC, Bilal Group, BRF SA, Cargill Incorporated, Carrefour, Crescent Foods, Isla Délice, Midamar, Nestlé SA, One World Foods, PrimaBaguz Sdn Bhd, Saffron Road, Tahira Foods Limited, Tariq Halal Meats |
TABLE OF CONTENT
RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- SCOPE OF STUDY
- CRISIS SCENARIO ANALYSIS
- IMPACT OF COVID-19 ON HALAL FOOD & BEVERAGE MARKET
- MAJOR MARKET FINDINGS
- GROWING INVESTOR INTEREST IN HALAL FOODS AND BEVERAGES
- INTEGRATION OF TECHNOLOGY
MARKET DYNAMICS
- KEY DRIVERS
- CHANGING USER DEMOGRAPHIC WORLDWIDE
- GROWING AWARENESS REGARDING HALAL FOODS AMONG NON-MUSLIMS
- LAUNCH OF HALAL FOOD OPTIONS BY GIANT FOOD CHAINS
- KEY RESTRAINTS
- GRUELLING IMPLEMENTATION OF HALAL STANDARDS THROUGHOUT THE VALUE CHAIN
- MISLABELING
- IMBALANCE BETWEEN DEMAND AND SUPPLY
- KEY DRIVERS
KEY ANALYTICS
- KEY MARKET TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- GROWTH PROSPECT MAPPING
- GROWTH PROSPECT MAPPING FOR INDONESIA
- MARKET CONCENTRATION ANALYSIS
- VALUE CHAIN ANALYSIS
MARKET BY USER DEMOGRAPHIC
- MUSLIM
- NON-MUSLIM
MARKET BY PRODUCT TYPE
- HALAL FOOD
- HALAL MEAT PRODUCTS
- HALAL DAIRY PRODUCTS
- HALAL GRAIN PRODUCTS
- HALAL BAKERY & CONFECTIONERY PRODUCTS
- OTHER HALAL FOODS
- HALAL BEVERAGE
- HALAL SUPPLEMENT
- HALAL FOOD
MARKET BY DISTRIBUTION CHANNEL
- CONVENIENCE STORE
- SPECIALTY STORE
- SUPERMARKET & HYPERMARKET
- ONLINE STORE
- OTHER DISTRIBUTION CHANNELS
GEOGRAPHICAL ANALYSIS
- ASIA-PACIFIC
- MARKET SIZE & ESTIMATES
- ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET DRIVERS
- ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET CHALLENGES
- ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET REGULATORY FRAMEWORK
- KEY PLAYERS IN ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET
- COUNTRY ANALYSIS
- CHINA
- CHINA HALAL FOOD & BEVERAGE MARKET SIZE & OPPORTUNITIES
- JAPAN
- JAPAN HALAL FOOD & BEVERAGE MARKET SIZE & OPPORTUNITIES
- INDIA
- INDIA HALAL FOOD & BEVERAGE MARKET SIZE & OPPORTUNITIES
- SOUTH KOREA
- SOUTH KOREA HALAL FOOD & BEVERAGE MARKET SIZE & OPPORTUNITIES
- INDONESIA
- INDONESIA HALAL FOOD & BEVERAGE MARKET SIZE & OPPORTUNITIES
- THAILAND
- THAILAND HALAL FOOD & BEVERAGE MARKET SIZE & OPPORTUNITIES
- MALAYSIA
- MALAYSIA HALAL FOOD & BEVERAGE MARKET SIZE & OPPORTUNITIES
- AUSTRALIA & NEW ZEALAND
- AUSTRALIA & NEW ZEALAND HALAL FOOD & BEVERAGE MARKET SIZE & OPPORTUNITIES
- REST OF ASIA-PACIFIC
- REST OF ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET SIZE & OPPORTUNITIES
- CHINA
- ASIA-PACIFIC
COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- COMPANY PROFILES
- AL ISLAMI FOODS
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- BILAL GROUP
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- AMERICAN FOODS GROUP LLC
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- BRF SA
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- CARGILL INCORPORATED
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- CARREFOUR
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- CRESCENT FOODS
- COMPANY OVERVIEW
- PRODUCTS LIST
- STRENGTHS & CHALLENGES
- ISLA DÉLICE
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- MIDAMAR
- COMPANY OVERVIEW
- PRODUCT LIST
- NESTLÉ S.A
- COMPANY OVERVIEW
- PRODUCT LIST
- STRENGTHS & CHALLENGES
- ONE WORLD FOODS
- COMPANY OVERVIEW
- PRODUCTS / SERVICES LIST
- PRIMABAGUZ SDN BHD
- COMPANY OVERVIEW
- PRODUCT LIST
- TAHIRA FOODS LIMITED
- COMPANY OVERVIEW
- PRODUCT LIST
- SAFFRON ROAD
- COMPANY OVERVIEW
- PRODUCT LIST
- TARIQ HALAL MEATS
- COMPANY OVERVIEW
- PRODUCT LIST
- AL ISLAMI FOODS
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – HALAL FOOD & BEVERAGE
TABLE 2: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY USER DEMOGRAPHIC, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)
TABLE 3: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY USER DEMOGRAPHIC, FORECAST YEARS, 2023-2032 (IN $ BILLION)
TABLE 4: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)
TABLE 5: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2023-2032 (IN $ BILLION)
TABLE 6: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY HALAL FOOD, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)
TABLE 7: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY HALAL FOOD, FORECAST YEARS, 2023-2032 (IN $ BILLION)
TABLE 8: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY DISTRIBUTION CHANNEL, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)
TABLE 9: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY DISTRIBUTION CHANNEL, FORECAST YEARS, 2023-2032 (IN $ BILLION)
TABLE 10: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)
TABLE 11: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ BILLION)
TABLE 12: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET REGULATORY FRAMEWORK
TABLE 13: KEY PLAYERS OPERATING IN ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET
TABLE 14: LIST OF MERGERS & ACQUISITIONS
TABLE 15: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 16: LIST OF PARTNERSHIPS & AGREEMENTS
LIST OF FIGURES
FIGURE 1: ANIMAL-BASED NON-HALAL PRODUCTS
FIGURE 2: KEY MARKET TRENDS
FIGURE 3: PORTER’S FIVE FORCES ANALYSIS
FIGURE 4: GROWTH PROSPECT MAPPING FOR INDONESIA
FIGURE 5: MARKET CONCENTRATION ANALYSIS
FIGURE 6: VALUE CHAIN ANALYSIS
FIGURE 7: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, GROWTH POTENTIAL, BY USER DEMOGRAPHIC, IN 2022
FIGURE 8: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY MUSLIM, 2023-2032 (IN $ BILLION)
FIGURE 9: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY NON-MUSLIM, 2023-2032 (IN $ BILLION)
FIGURE 10: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2022
FIGURE 11: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY HALAL FOOD, 2023-2032 (IN $ BILLION)
FIGURE 12: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, GROWTH POTENTIAL, BY HALAL FOOD, IN 2022
FIGURE 13: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY HALAL MEAT PRODUCTS, 2023-2032 (IN $ BILLION)
FIGURE 14: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY HALAL DAIRY PRODUCTS, 2023-2032 (IN $ BILLION)
FIGURE 15: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY HALAL GRAIN PRODUCTS, 2023-2032 (IN $ BILLION)
FIGURE 16: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY HALAL BAKERY & CONFECTIONERY PRODUCTS, 2023-2032 (IN $ BILLION)
FIGURE 17: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY OTHER HALAL FOODS, 2023-2032 (IN $ BILLION)
FIGURE 18: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY HALAL BEVERAGE, 2023-2032 (IN $ BILLION)
FIGURE 19: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY HALAL SUPPLEMENT, 2023-2032 (IN $ BILLION)
FIGURE 20: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, GROWTH POTENTIAL, BY DISTRIBUTION CHANNEL, IN 2022
FIGURE 21: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY CONVENIENCE STORE, 2023-2032 (IN $ BILLION)
FIGURE 22: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY SPECIALTY STORE, 2023-2032 (IN $ BILLION)
FIGURE 23: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY SUPERMARKET & HYPERMARKET, 2023-2032 (IN $ BILLION)
FIGURE 24: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY ONLINE STORE, 2023-2032 (IN $ BILLION)
FIGURE 25: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, BY OTHER DISTRIBUTION CHANNELS, 2023-2032 (IN $ BILLION)
FIGURE 26: ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN%)
FIGURE 27: CHINA HALAL FOOD & BEVERAGE MARKET, 2023-2032 (IN $ BILLION)
FIGURE 28: JAPAN HALAL FOOD & BEVERAGE MARKET, 2023-2032 (IN $ BILLION)
FIGURE 29: INDIA HALAL FOOD & BEVERAGE MARKET, 2023-2032 (IN $ BILLION)
FIGURE 30: SOUTH KOREA HALAL FOOD & BEVERAGE MARKET, 2023-2032 (IN $ BILLION)
FIGURE 31: INDONESIA HALAL FOOD & BEVERAGE MARKET, 2023-2032 (IN $ BILLION)
FIGURE 32: THAILAND HALAL FOOD & BEVERAGE MARKET, 2023-2032 (IN $ BILLION)
FIGURE 33: MALAYSIA HALAL FOOD & BEVERAGE MARKET, 2023-2032 (IN $ BILLION)
FIGURE 34: AUSTRALIA & NEW ZEALAND HALAL FOOD & BEVERAGE MARKET, 2023-2032 (IN $ BILLION)
FIGURE 35: REST OF ASIA-PACIFIC HALAL FOOD & BEVERAGE MARKET, 2023-2032 (IN $ BILLION)
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