Halal Food And Beverage Market 2030: The Journey of Halal Cuisine
Halal Food And Beverage Market Growth & Trends The global halal food and beverage market is expected to reach USD 1063.11 billion by 2030, according to a new report by Grand View Research, Inc. The global halal food industry is expected to witness a CAGR of 3.6% during the forecast period owing to the increasing Muslim population and their substantially increasing expenditure on food & beverages, which is considered the main driving force of this market. According to an article published in Salaam Gateway, in November 2019, 63.6% of Muslims globally spend USD 2.2 trillion on halal and Islamic food and lifestyle products. Governments of the Islamic, as well as the non-Islamic nations and the manufacturers of halal-certified food products, have been taking various initiatives in terms of marketing & educating consumers about these products. The confidence of consumers in halal brands has been the most influential factor in the actual purchase of these products. Acc...