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Why Halaal is an Important Market

ImageThe global halaal market has been growing strongly in the past few years. While it is thought that the halaal global trade contributes less than 10% of the global trade, the halaal food industry grew at a faster rate – accounting close to 20% of the global food industry.

The fast rate can be contributed to several factors, among others:

  • The growing Muslim population globally
  • Muslim population experiencing busier life styles and increase of income, resulting in higher demand for ready to eat solutions
  • Businesses realize that offering Halaal food can open up wider market

Halal business makes economic sense as it allows businesses to sell products to wider market.
 
 

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