GCC Halal Food and Beverage Market, Size, Forecast 2023-2027, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis
GCC Halal Food and Beverage Market Outlook
GCC Halal Food and Beverage Market are expected to reach US$ 18.90 Billion in 2027. Halal food is a term used to describe a group of foods and beverages produced primarily under Islamic dietary laws. Alcohol, pig by-products, and animals that are dead before slaughtering or not slain in Allah's name are all deemed haram or unfit for eating, according to the law. Furthermore, these food items are packaged and stored in utensils that must be cleaned according to Islamic standards.
Gulf Cooperation Council (GCC) Halal Food and Beverage Industry is expanding with a CAGR of 9.50% during 2022-2027:
The demand for halal food by-products in the GCC region is mainly driven by many Muslims who follow Islamic Sariah regulations as part of their religious beliefs. Furthermore, the demand is being driven by the growing number of stringent regulatory frameworks that include required halal labeling and certification standards for food and drinks.
Furthermore, increased knowledge of food safety, hygiene, and trustworthiness afforded by halal food items, particularly among non-Muslims, is boosting the industry across the Gulf Cooperation Council. In addition, a significant increase in the food retail sector and the increasing availability of halal food and beverages across various distribution channels are also driving market expansion.
COVID 19 Impact on GCC Countries Halal Food and Beverage Industry:
The disturbance of the halal food and beverage industry's outlook caused by COVID-19's rapid spread harmed market growth in 2020. Surprisingly, the market directly impacted production and demand, disrupting supply chains and needs and affecting businesses and financial markets financially. Consumer preference for healthy, nutritious, and safer products, on the other hand, is growing. The favorable evolution of consumers' preferences towards safe and high-quality halal products is predicted to strengthen this market in the upcoming years. As a result, the halal food business is expected to explode through 2021. According to Renub Research, Gulf Cooperation Council Halal Food and Beverage Market Size was US$ 10.96 Billion in 2021.
Meat, Poultry, and Seafood Segment have one of the Highest Market Share:
In the GCC Halal Food and Beverage Industry, meat, poultry, and seafood items have the highest market share because of their vast reach and appeal. Besides, due to rising affluence and healthy eating trends among consumers, emerging economies such as the UAE, Kuwait, Saudi Arabia, Oman, Qatar, and Bahrain are likely to make significant contributions to the halal meat and poultry business growth.
Furthermore, the increased demand for packaged processed beef products, regarded as hygienic and high-quality, is likely to propel segmental expansion in the coming years. In addition, with increased consumer awareness of food quality and safety, halal certification is becoming more popular for additional items such as dairy, cereals, grain-based products, non-dairy beverages, fruits, vegetables, and nuts.
E-Commerce is one of the Fastest Growing Industry:
Our analysis has studied the markets for supermarkets and hypermarkets, e-commerce, convenience stores, and other retail formats. E-Commerce has the fastest-growing market share, due to the rapid expansion of online channels, which has fuelled segmental growth significantly in recent years. E-commerce channels are rapidly evolving to invest in innovative technologies and provide consumers with various products. Furthermore, these online retailers are investing in meeting all regulatory criteria to increase the safety and quality of their products. The evolution of online retail channels would be aided by expanding global digitalization.
Saudi Arabia Holds the Dominant Share in the Market:
Saudi Arabia is expected to be the fastest-growing country in the region's halal food and beverage market throughout the forecast period, with the most significant market share. It is also the primary producer of food and beverages in the Gulf region. However, the country's fast-growing population has outpaced its food supply, forcing it to rely on imports, fueling demand for Halal food products.
In addition, Saudi Arabia's government has been enacting new rules to encourage the production of more halal cuisine. These laws are expected to make the country's food and beverage self-sufficient and provide domestic farmers with more chances to diversify their animals, such as poultry, camels, sheep, and dairy production.
Competitive Landscape among the Key Players:
The existence of multiple regional and global players fighting for market share in the halal food and beverage industry in the GCC is fragmented and highly competitive. Cargill Inc., Nestle, Unilever Group, and BRF S.A. are among the market's leading companies. Furthermore, businesses are concentrating on improving their production processes and product developments while maintaining ethical standards.
Moreover, corporations are employing advanced technology for various purposes, including the detection of haram substances in cheese manufacturing, such as rennet. Additionally, enterprises can now use fungal rennet as a halal-certified product replacement with appreciation to technological improvements.
Renub Research latest report “Gulf Cooperation Council (GCC) Halal Food and Beverage Market, & Forecast By (Meat, Poultry and Sea food, Dairy Products, Cereals and Grain Based Products, Non-Dairy Beverages and Fruits, Vegetables and Nuts), Distribution Channel (Supermarkets and Hypermarkets, E-Commerce, Convenience Store and Other Retail Formats), Region (UAE, Kuwait, Saudi Arabia, Oman, Qatar and Bahrain), Companies (Cargill Inc., Nestle, Unilever Group, and BRF S.A.)” provides a detailed analysis of GCC Halal Food and Beverage Industry.
Product - The market is covered from 5 viewpoints:
1. Meat, Poultry and Sea food
2. Dairy Products
3. Cereals and Grain Based Products
4. Non-Dairy Beverages
5. Fruits, Vegetables and Nuts
Distribution Channel - The market is covered from 4 viewpoints:
1. Supermarkets and Hypermarkets
2. E-Commerce
3. Convenience Store
4. Other Retail Formats
Region - The market is covered from 6 viewpoints:
1. United Arab Emirates (UAE)
2. Kuwait
3. Saudi Arabia
4. Oman
5. Qatar
6. Bahrain
Company Insights:
• Business overview
• Recent Development
• Sales Analysis
Key Players Analysis:
1. Cargill inc.
2. Nestle
3. Unilever Group
4. BRF S.A.
Report Details:
| Report Features | Details |
| Base Year | 2022 |
| Historical Period | 2017 - 2022 |
| Forecast Period | 2023 - 2027 |
| Market | US$ Billion |
| Segment Covered | Product, Distribution Channel and Region |
| Region Covered | UAE, Kuwait, Saudi Arabia, Oman, Qatar and Bahrain |
| Companies Covered | Cargill Inc., Nestle, Unilever Group, and BRF S.A. |
| Customization Scope | 20% Free Customization |
| Post-Sale Analyst Support | 1 Year (52 Weeks) |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request) |
Frequent Asked Questions:
1. How has the GCC halal food market performed so far and how will it perform in the coming years?
2. What are the key driving factors and challenges in the industry?
3. What is the impact of COVID-19 on the GCC halal food market?
4. How has Saudi Arabia performed being amongst key regional markets?
5. Based on the product type, what makes the Meat, Poultry and Sea food the dominant segment?
6. Who are the key players in the market?
1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenge
5. GCC Countries Halal Food and Beverage Market
6. Share Analysis – GCC Countries Halal Food and Beverage Market
6.1 By Product
6.2 By Distribution Channel
6.3 By Region
7. Product - GCC Countries Halal Food and Beverage Market
7.1 Meat, Poultry and Sea food
7.2 Dairy Products
7.3 Cereals and Grain Based Products
7.4 Non-Dairy Beverages
7.5 Fruits, Vegetables and Nuts
8. Distribution Channel - GCC Countries Halal Food and Beverage Market
8.1 Supermarkets and Hypermarkets
8.2 E-Commerce
8.3 Convenience Store
8.4 Other Retail Formats
9. Region - GCC Countries Halal Food and Beverage Market
9.1 UAE
9.2 Kuwait
9.3 Saudi Arabia
9.4 Oman
9.5 Qatar
9.6 Bahrain
10. Key Players Analysis
10.1 Cargill inc.
10.1.1 Business overview
10.1.2 Recent Development
10.1.3 Sales Analysis
10.2 Nestle
10.2.1 Business overview
10.2.2 Recent Development
10.2.3 Sales Analysis
10.3 Unilever Group
10.3.1 Business overview
10.3.2 Recent Development
10.3.3 Sales Analysis
10.4 BRF S.A.
10.4.1 Business overview
10.4.2 Recent Development
10.4.3 Sales Analysis
List of Figures:
Figure-01: GCC Countries – Halal Food and Beverage Market (Billion US$), 2017 – 2022
Figure-02: GCC Countries – Forecast for Halal Food and Beverage Market (Billion US$), 2023 – 2027
Figure-03: Product – Meat, Poultry and Sea food Market (Million US$), 2017 – 2022
Figure-04: Product – Forecast for Meat, Poultry and Sea food Market (Million US$), 2023 – 2027
Figure-05: Product – Dairy Products Market (Million US$), 2017 – 2022
Figure-06: Product – Forecast for Dairy Products Market (Million US$), 2023 – 2027
Figure-07: Product – Cereals and Grain Based Products Market (Million US$), 2017 – 2022
Figure-08: Product – Forecast for Cereals and Grain Based Products Market (Million US$), 2023 – 2027
Figure-09: Product – Non-Dairy Beverages Market (Million US$), 2017 – 2022
Figure-10: Product – Forecast for Non-Dairy Beverages Market (Million US$), 2023 – 2027
Figure-11: Product – Fruits, VegeTables and Nuts Market (Million US$), 2017 – 2022
Figure-12: Product – Forecast for Fruits, VegeTables and Nuts Market (Million US$), 2023 – 2027
Figure-13: Distribution Channel – Supermarkets and Hypermarkets Market (Million US$), 2017 – 2022
Figure-14: Distribution Channel – Forecast for Supermarkets and Hypermarkets Market (Million US$), 2023 – 2027
Figure-15: Distribution Channel – E-Commerce Market (Million US$), 2017 – 2022
Figure-16: Distribution Channel – Forecast for E-Commerce Market (Million US$), 2023 – 2027
Figure-17: Distribution Channel – Convenience Store Market (Million US$), 2017 – 2022
Figure-18: Distribution Channel – Forecast for Convenience Store Market (Million US$), 2023 – 2027
Figure-19: Distribution Channel – Other Retail Formats Market (Million US$), 2017 – 2022
Figure-20: Distribution Channel – Forecast for Other Retail Formats Market (Million US$), 2023 – 2027
Figure-21: UAE – Halal Food and Beverage Market (Million US$), 2017 – 2022
Figure-22: UAE – Forecast for Halal Food and Beverage Market (Million US$), 2023 – 2027
Figure-23: Kuwait – Halal Food and Beverage Market (Million US$), 2017 – 2022
Figure-24: Kuwait – Forecast for Halal Food and Beverage Market (Million US$), 2023 – 2027
Figure-25: Saudi Arabia – Halal Food and Beverage Market (Million US$), 2017 – 2022
Figure-26: Saudi Arabia – Forecast for Halal Food and Beverage Market (Million US$), 2023 – 2027
Figure-27: Oman – Halal Food and Beverage Market (Million US$), 2017 – 2022
Figure-28: Oman – Forecast for Halal Food and Beverage Market (Million US$), 2023 – 2027
Figure-29: Qatar – Halal Food and Beverage Market (Million US$), 2017 – 2022
Figure-30: Qatar – Forecast for Halal Food and Beverage Market (Million US$), 2023 – 2027
Figure-31: Bahrain – Halal Food and Beverage Market (Million US$), 2017 – 2022
Figure-32: Bahrain – Forecast for Halal Food and Beverage Market (Million US$), 2023 – 2027
Figure-33: Cargill inc. – Global Revenue (Billion US$), 2017 – 2022
Figure-34: Cargill inc. – Forecast for Global Revenue (Billion US$), 2023 – 2027
Figure-35: Nestle – Global Revenue (Billion US$), 2017 – 2022
Figure-36: Nestle – Forecast for Global Revenue (Billion US$), 2023 – 2027
Figure-37: Unilever Group – Global Revenue (Billion US$), 2017 – 2022
Figure-38: Unilever Group – Forecast for Global Revenue (Billion US$), 2023 – 2027
Figure-39: BRF S.A. – Global Revenue (Billion US$), 2017 – 2022
Figure-40: BRF S.A. – Forecast for Global Revenue (Billion US$), 2023 – 2027
List of Tables:
Table-01: GCC Countries – Halal Food and Beverage Market Share by Product (Percent), 2017 – 2022
Table-02: GCC Countries – Forecast for Halal Food and Beverage Market Share by Product (Percent), 2023 – 2027
Table-03: GCC Countries – Halal Food and Beverage Market Share by Distribution Channel (Percent), 2017 – 2022
Table-04: GCC Countries – Forecast for Halal Food and Beverage Market Share by Distribution Channel (Percent), 2023 – 2027
Table-05: GCC Countries – Halal Food and Beverage Market Share by Region (Percent), 2017 – 2022
Table-06: GCC Countries – Forecast for Halal Food and Beverage Market Share by Region (Percent), 2023 – 2027
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