Halal consumer market will hit $2.5 trillion globally in 2020, AT Kearney reports
The firm’s Global Business Policy Council, which conducted the analysis, found that spending on halal products and services is set to almost double globally by 2023.
The firm’s Global Business Policy Council, which conducted the analysis, found that spending on halal products and services is set to almost double globally by 2023.
Due to a robust Islamic economic ecosystem the country enjoys a substantial lead in Islamic finance and halal food.
Global market research company Euromonitor International unveiled via webinar the latest trends shaping the halal market as companies race to benefit from a pool of untapped consumers.
Halal food imports into the UAE annually will reach $8.4 billion by the end of the decade.
“Our strategic location within the Selangor Halal Hub will also provide additional thrust to widen our penetration to the global halal markets, which offers exponential growth opportunities with its two…