Food and Beverages Industry Report Halal Market Drivers and Growth 2024

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Halal Market Share, Size, Analysis, Growth, Regional Outlook,
Trends and Forecasts to 2024 | Hexa Research
"Halal Market Size To Reach USD 12.14 Trillion By
2024."
The global Halal Market size was valued at USD 5.73 trillion in 2016 and is expected to grow on account of
rising Muslim population and increasing availability of these products & services. Increasing spending on
Halal products & services by consumers besides Muslims is expected to trigger the growth of the market over
the forecast period.
The Islamic finance sector has witnessed tremendous growth over the past few years with the emergence of
crowd funding platforms including Human Crescent. Lack of awareness has resulted in an enormous
opportunity for products & services offered by this segment. The segment is likely t o grow at a CAGR of
10.5% from 2017 to 2024.
Speedy growth of economies in the Middle East and South East Asia are expected to augment the growth of
the market owing to the presence of large Muslim population. These economies are likely to emerge as
popular destinations for food and fashion. The Middle East halal market is expected to witness a double -digit
growth generating revenues worth USD 6.53 trillion by 2024.
Browse Details of Report @ https://www.hexaresearch.com/research-report/halal-market
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