GCC Halal Food Market Size

GCC  Halal Food Market Overview:

The GCC halal food market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. In Islam, foods and beverages that are prepared, composed, and manufactured as per the Islamic dietary law are considered Halal.  Halal means permissible in Arabic, and it basically forbids the use of genetically modified organisms (GMOs) and human- or animal-derived ingredients, including pigs and their derivates, fluids discharged from bodies, blood and carrion, and ham. As per the Quran, pork by-products, alcohol, and animals that are not slaughtered or are dead before slaughtering are all considered haram or unfit for eating. Halal products are also free from other ingredients, such as silicone-based polymer, lipase, L-cysteine, mercury, rennet, and dimethicone, that are considered harmful for human consumption. These food products are properly stored, cleaned, and packaged using halal-certified packaging equipment and materials. Meat, oil and fats, waxes, poultry, seafood, fruits and vegetables, dairy products, and confectionery are some of the common halal food products available in the market.

The increasing awareness among non-Muslim communities about the benefits offered by halal food products, such as better taste, high nutrition, safety, hygiene, and tender and stress hormone-free meat, represents one of the primary factors driving the market growth. In the GCC region, the growing Muslim population that abides by the Islamic shariah as part of their religious belief has significantly surged the demand for halal food products, which is creating a positive outlook for the market. Additionally, the regional governments are introducing mandatory halal labeling and certification rules, which, in turn, are bolstering the market growth. Moreover, key market players are integrating the Internet of things (IoT) platforms into the halal food supply chain to offer better traceability, authentication, and monitoring of halal status and efficient livestock management to increase their consumer base, which is providing a considerable thrust to the market. Other factors, such as the easy product availability in online retail stores and the rising popularity of ready-to-eat (RTE) and convenient halal food items, are accelerating the market growth.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC halal food market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC halal food market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC halal food market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC halal food market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC halal food market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC halal food market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC halal food market industry. Furthermore, the value chain analysis of the GCC halal food market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

GCC  Halal Food Market Segment Insights:

The GCC halal food market has been analysed as followed:

By Product Type:

• Meat, Poultry & Seafood
• Fruits & Vegetables
• Dairy Products
• Cereals & Grains
• Oil, Fats & Waxes
• Confectionery
• Others

By Distribution Channel:

• Traditional Retailers
• Supermarkets & Hypermarkets
• Online
• Others

By Country:

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC  Halal Food Market Report:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customisation:

The GCC halal food market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs