Halal Food Market Size to Grow by USD 8.17 Billion in the US: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2024

NEW YORK , March 18, 2022 /PRNewswire/ -- The Halal Food Market Value in the US is set to grow by USD 8.17 billion, progressing at a CAGR of 5% from 2019 to 2024, as per the latest report by Technavio.

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Key Factor Driving Growth in the Halal Food Market in the US is the Symbol of Healthy Food

Since halal animals are slaughtered, processed, and prepared according to strict Islamic dietary laws, these foods are considered healthy and hygienic when compared to non-halal foods. This has changed the outlook of non-Muslim consumers about the concept of halal foods. A small percent of the US population is of Muslims. However, the market for halal foods is still growing. This indicates the inclination of other community consumers toward halal foods. The increase in consumption is also the result of increasing health concerns about hygiene and health among consumers. The health benefits associated with halal is the main factor that is promoting the acceptance and demand for halal food among non-Muslims.

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Halal Food Market in US Product Outlook (Revenue, USD bn, 2019-2024)

• Halal meat, poultry, and seafood - size and forecast 2019-2024
• Halal cereals and grains - size and forecast 2019-2024
• Halal fruits, vegetables, and nuts - size and forecast 2019-2024
• Halal beverages - size and forecast 2019-2024
• Other halal foods - size and forecast 2019-2024

Halal Food Market in US Distribution Channel Outlook (Revenue, USD bn, 2019-2024)

• Supermarkets and hypermarkets - size and forecast 2019-2024
• Traditional retailers - size and forecast 2019-2024
• Others - size and forecast 2019-2024

Halal Food Market in US End-user Outlook (Revenue, USD bn, 2019-2024)

• Retail - size and forecast 2019-2024
• Foodservice - size and forecast 2019-2024

The halal food market share growth in US by the halal meat, poultry, and seafood segment will be significant during the forecast period. Halal meat is considered healthier meat than other meat (except kosher meat). This is because the blood of the animals is drained out of their body because animal blood might contain bacteria and toxins that can spread across the animal body (carcass) once it dies. Growing awareness about halal meats is driving the market demand.

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Major Halal Food Companies in US

The halal food market in US report offers information on several market vendors, including Al Safa Foods Ltd., American Foods Group LLC, The American Halal Co. Inc., Barry Callebaut AG, Cargill Inc., Coleman Natural Foods LLC, Crescent Foods, Kronos Foods Corp., Midamar Corp., and Nema Food Distribution Inc. among others. Moreover, the market is fragmented and the vendors are deploying growth strategies such as expansion of production plants and new product launch, to increase their productivity and strengthen their market positions to compete in the market.

• Al Safa Foods Ltd.- The company offers various food products such in different categories such as Deli, Ethnic, and others.
• Barry Callebaut AG- The company runs its operations in EMEA, Americas, and Asia Pacific. The company deals with the procurement of ingredients for chocolate production mainly cocoa and the Group’s cocoa-processing business. Moreover, the company also offers Halal certified chocolates.
• Cargill Inc.- The company offer beef, turkey, and chicken in halal food products.

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Related Reports Include:

Kosher Foods Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2021-2025: The kosher foods market has the potential to grow by USD 13.73 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 7.48%. To get more exclusive research insights: Download Our FREE Sample Report

Halal Food Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2021-2025: The halal food market has the potential to grow by USD 388.11 billion during 2021-2025, and the market's growth momentum will decelerate at a CAGR of 4.46%. To get more exclusive research insights: Download Our FREE Sample Report

Table of Contents

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces analysis
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• Halal cereals and grains - Market size and forecast 2019-2024
• Halal beverages - Market size and forecast 2019-2024
• Other halal foods - Market size and forecast 2019-2024
• Market opportunity by Product

Market Segmentation by End-user

• Market segments
• Comparison by End-user
• Retail - Market size and forecast 2019-2024
• Foodservice - Market size and forecast 2019-2024
• Market opportunity by End-user

Market Segmentation by Distribution channel

• Market segments

Customer Landscape

• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Competitive scenario
• Vendor landscape
• Landscape disruption
• Industry risks

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Al Safa Foods Ltd.
• American Foods Group LLC 
• The American Halal Co. Inc.
• Barry Callebaut AG
• Cargill Inc.
• Coleman Natural Foods LLC
• Crescent Foods
• Kronos Foods Corp.
• Midamar Corp.
• Nema Food Distribution Inc.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio