Bangladesh Halal Food & Beverages Market Overview, 2029

Halal food and beverages refer to products that are permissible for consumption under Islamic law. In Bangladesh, a predominantly Muslim country, halal items are widely available and play a significant role in the culinary landscape. Staples like rice, lentils, vegetables, and various meat dishes prepared using halal methods are mainstays in Bangladeshi cuisine. Beverages such as tea, juices, and even some alcoholic drinks can be considered halal if they meet the required religious standards. While the majority of the population in Bangladesh is Muslim, comprising around 90% of the total, there is also a sizable non-Islamic minority, primarily Hindus, Buddhists, and Christians. These communities may have their own dietary preferences and restrictions, which are generally respected in the country. The hotel industry in Bangladesh caters to both halal and non-halal preferences, offering a diverse range of dining options to accommodate the diverse religious and cultural backgrounds of its visitors. From traditional Bangladeshi cuisine to international fare, the hotel scene provides a culinary experience that reflects the country's rich diversity and vibrant food culture.

According to the research report "Bangladesh Halal Food & Beverages Market Overview, 2029," published by Bonafide Research, the Bangladesh Halal Food & Beverages market is expected to reach a market size of more than USD 193 Billion by 2029. The halal food and beverage market in Bangladesh has experienced remarkable growth and a steadily rising trend in recent years. This can be attributed to the country's predominantly Muslim population, who adhere to the dietary guidelines and restrictions prescribed by Islamic law. As the Muslim community in Bangladesh has become more conscious of consuming products that align with their religious beliefs, the demand for certified halal goods has surged. Food manufacturers and distributors have responded to this shift by expanding their halal offerings, ensuring that a wide variety of meat, dairy, and processed items are available to cater to the preferences of this discerning consumer base. Additionally, the growing awareness of the importance of ethical and sustainable practices in the food industry has further fueled the popularity of halal products, as they are perceived to uphold stringent standards of cleanliness, animal welfare, and environmental responsibility. This combination of religious, cultural, and ethical factors has solidified the halal food and beverage market as a thriving and rapidly evolving sector within the Bangladeshi economy.

The Bangladesh halal food and beverage market is experiencing significant growth, driven by the country's predominantly Muslim population and their dietary preferences. At the forefront of this market is the Halal Meat, Poultry & Seafood segment, which leads all categories due to its cultural importance and high demand among consumers. This segment thrives on the availability of locally sourced halal meat and poultry, along with a growing focus on seafood as a healthy dietary option. Following closely is the Halal Milk & Milk Products segment, which is gaining traction as consumers seek dairy products that align with halal standards. The Halal Fruits & Vegetables category also plays a crucial role, as health-conscious consumers increasingly prefer fresh produce that meets halal requirements. Additionally, Halal Grain Products, including cereals and baked goods, are expanding as manufacturers respond to the demand for halal-certified options. The Beverage Products segment is evolving with a range of non-alcoholic drinks that comply with halal guidelines, catering to the tastes of local consumers.

The Bangladesh halal food and beverage market is characterized by a variety of sales channels, with Hyper Market/Supermarket and Traditional Retail leading the segment. Hyper markets and supermarkets play a crucial role in the distribution of halal products, offering a wide range of options that cater to diverse consumer preferences. These large retail outlets provide a convenient shopping experience, where consumers can easily find halal items alongside other grocery products, thereby enhancing accessibility and awareness of halal offerings. Many major chains are increasingly dedicating specific sections to halal products, reflecting the rising demand for quality and certified halal options among consumers. Traditional retail also holds significant importance in the market, particularly in local neighborhoods where smaller grocery stores and markets serve as primary sources for halal food. These traditional outlets often foster close relationships with customers, providing personalized service and insights into the halal certification of products.

Covid-19 Impacts:
The rapid spread and disruption of COVID-19 in the food and drink industry, including the Halal food industry, caused disruptions to the food supply chain. Leading global manufacturers saw a reduction in labor and disruption in the import and export of Halal Food. This significantly affected their sales and consumption. In addition, the pandemic caused a slowdown in the demand for meat products. However, the market will be boosted by the growing demand for healthy and safe foods over the forecast period.



Considered In the Report
• Geography: Bangladesh
• Historical year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecasted year: 2029

Aspects Covered in the Report
• Market Size By Value for the historic time period (2018-2023)
• Market Size By Value for the forecast time period (2024-2029)
• Market Share by Product (Halal Meat, Poultry & Seafood, Halal Milk & Milk Products, Halal Fruits & Vegetables, Halal Grain Products, Beverage Products, Others)
• Market Share by Sales Channel (Hyper Market/ Supermarket, Traditional Retail, Online, Others)
• Market Share by Country (2018, 2023 & 2029F)

The approach of the report:
We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise. This process gives us in-depth details of the market, including all present companies, the top-performing products with reasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies and regulatory landscape, etc. Then, to finalize the market, we start collecting financials of each player present in the market, including limited, private limited, and LLPs. Moreover, we perform cross-industry and cross-region analysis of the product, and based on collected primary inputs and using statistical modeling, we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but gives more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations, validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report that includes spell check, data verification, and makes the same dispatch ready and error-free.

Intended Audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the halal food & beverage industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.