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The meaning of Halal food has undergone a diverse transformation over time. In the early days, it was referred to slaughtered animal meat that is free from alcohol or any kind of intoxication. Nevertheless, it has now acquired the meaning of toxin-free, clean, fresh and a healthier food option, which has significantly increased its popularity across the globe, especially among the health-conscious consumers.
According to the latest report by IMARC Group, titled “Halal Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global halal food market reached a value of US$ 1.9 Trillion in 2020.
A rapidly growing in Muslim population is one of the key factors influencing the sales of halal food. Additionally, rising disposable income has increased the expenditure capacity, which has led to people spending more on meat and related products. Other factors such as promotional activities by manufacturers also positively contribute to the market growth of Halal food.
Looking forward, It is anticipated the global halal food market to exhibit strong growth during the next five years (2021-2026).
