Market Size of Asia-Pacific Halal Food and Beverage Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Halal Foods and Beverages Market Analysis
The Asia-Pacific market for halal food and beverage is projected to register a CAGR of 5.5 %, during the forecast period (2020 to 2025).
- The rapid growth in the Islamic population and the awareness regarding halal food among the non-Muslim population are the major market drivers for the halal food and beverage market.
- The need for halal certifications by authorized bodies is strong and the certification requirements have contributed to an increase in the demand and the consumption of genuine halal food products.
- However, the production processes need to be upgraded in order to improve quality and satisfying the domestic demand and export requirements.
APAC Halal Foods and Beverages Industry Segmentation
The Asia-Pacific market for halal food and beverages is segmented by product type, into halal food, halal beverages, and halal supplements. The halal food section is further divided into meat products, bakery products, dairy products, confectionery and other halal foods. Based on the distribution channel, the market is segmented into hypermarkets/supermarkets, specialty stores, convenience stores, and other distribution channels. The study also involves the analysis of regions, such as China, Japan, India, Australia, Indonesia, Malaysia, Singapore, and the rest of Asia-Pacific.
| By Product Type | |||||||
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| Halal Beverages | |||||||
| Halal Supplements |
| By Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Convenience Stores | |
| Specialty Stores | |
| Other Distribution Channels |
| Geography | ||||||||||
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Asia-Pacific Halal Food and Beverage Market Size Summary
The Asia-Pacific halal food and beverage market is experiencing significant growth, driven by the increasing Islamic population and heightened awareness of halal products among non-Muslims. This growth is further supported by the stringent certification requirements from authorized bodies, which have bolstered the demand for authentic halal products. The migration of individuals from Muslim-majority countries to the Asia-Pacific region has contributed to the rising Muslim population, thereby increasing the demand for halal food and beverages. This trend is expected to persist, expanding beyond food items to include services related to halal meat, such as storage, handling, packaging, transportation, and delivery. The market is characterized by a high level of fragmentation, with numerous players vying for market share.
Indonesia, with the largest Muslim population globally, plays a pivotal role in the region's halal market, particularly in the retail sales of halal-labeled soft drinks. The Indonesian government has implemented new certification measures to ensure the availability and quality of halal products, enhancing business operations in this sector. Key players in the market, including Nestle SA, American Halal Company Inc., Prima Agri-Products, Pampanga's Best Inc., and Ecolite Biotech Manufacturing Sdn Bhd, are focusing on expanding their market presence and diversifying product offerings through partnerships, mergers, and acquisitions. These strategies aim to meet the evolving consumer demands and capitalize on the growing halal market in the Asia-Pacific region.
Asia-Pacific Halal Food and Beverage Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Halal Food
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2.1.1.1 Meat Products
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2.1.1.2 Bakery Products
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2.1.1.3 Dairy Products
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2.1.1.4 Confectionery
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2.1.1.5 Other Halal Foods
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2.1.2 Halal Beverages
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2.1.3 Halal Supplements
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2.2 By Distribution Channel
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2.2.1 Supermarkets/Hypermarkets
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2.2.2 Convenience Stores
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2.2.3 Specialty Stores
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2.2.4 Other Distribution Channels
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 Japan
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2.3.1.3 India
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2.3.1.4 Australia
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2.3.1.5 Indonesia
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2.3.1.6 Malaysia
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2.3.1.7 Singapore
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2.3.1.8 Rest of Asia-Pacific
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Asia-Pacific Halal Food and Beverage Market Size FAQs
What is the current Asia-Pacific Halal Food and Beverage Market size?
The Asia-Pacific Halal Food and Beverage Market is projected to register a CAGR of 5.5% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Halal Food and Beverage Market?
Nestle SA, Pampanga's Best, Inc., American Halal Company, Inc., Prima Agri-Products and Ecolite Biotech Manufacturing Sdn Bhd are the major companies operating in the Asia-Pacific Halal Food and Beverage Market.
