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Halal Ingredient Market Expected Growth by 2026

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Halal food refers to the food products that are prepared by following Islamic dietary laws and regulations, which defines foods that are lawful or permissible and clean.

The global halal ingredients market was valued at $46.8 billion in 2019 and expected to reach $66.9 billion by the year 2026, at a CAGR of 6.2%, per YahooFinance.

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In the Middle Eastern region, the halal ingredients market is growing at a CAGR of 3% due to the influx of migrants and increasing regulations for strict usage of halal food and, therefor, is predicted to be the fastest growing regional market for ingredients.