The Muslim consumer
There are over 1.6 billion Muslim people in the world. Although most Muslims live In Asia, the Middle East, and Africa, many Muslim communities exist in Europe, North America, and Australia. The global halal market is worth over two trillion U.S. dollars and is estimated to grow to 2.8 trillion U.S. dollars in the coming years. Although food and beverages are commonly associated as prominent segments of the Muslim consumer markets, the Islamic financial sectors lead in the halal segment in terms of value. According to Islamic law, it is haram to profit financially from interest (riba). Besides the financial sector and the food and beverage market, modest fashion, cosmetics, medication, travel, media, and recreation are important segments of the halal market.Global halal market
The halal markets bear opportunities as well for business outside of Muslim-majority countries. For further information, please consult our Statista report on the Global halal consumer.
