Update on Global Halal Industries

The demand for Halal consumable items is gaining momentum. The Halal industry currently stands at around $1.6 trillion and expected to grow by $3 trillion in 2018. Muslim consumers spent $1.08 trillion on food alone.

This consumption is about 16.6% of the global expenditure, which is expected to grow $1.6 trillion market.

Similarly Muslim global travel expenditure in 2014 is expected to be $140 billion and is 12.5% of the global expenditure.

This industry is expected to grow to $200 billion by 2020 and is the larger than the tourism market of the United States. (source:Al Maali Consulting Group, Dubai).