KEY FACT ABOUT HALAL INDUSTRY
The Halal Food industry Turn Over is estimated about 20 Billion euros per year just in export of Food products within the European Market
Muslim are 23% of the world population with 1.6 Billions people worldwide
The global halal economy was valued at approximately USD3.2tln in 2012 and this sector is forecasted to double to USD6.4tln by the year 2018.
In spite of the word halal being associated with the religion of Islam, a halal economy ultimately benefits the entire global community. Most of the founding principles of a Shariah-compliant economy are naturally
aligned with the universally recognised values of ethics and sustainability. As a result, Islamic values have a universal appeal making many halal products and services equally attractive to non-Muslim consumers, particularly in the light of current global sentiments where the demand for ethical and socially-conscious product offerings are on the rise From the demand side, a fast expanding Muslim population combined with growing wealth in the Muslim-dominated economies are the main growth drivers spearheading the increased demand for Shariah-compliant products and services. As per latest statistics from Pew Research, Muslims are forecasted to comprise of 26.4% of the world’s total projected population of 8.3bln by 2030 .
Just in Europe the Muslim population is 7.7% and will reach the 10% by 2030.