![](https://www.foodnavigator-asia.com/var/wrbm_gb_food_pharma/storage/images/publications/food-beverage-nutrition/foodnavigator-asia.com/news/markets-trends/halal-food-market-poised-for-growth-driven-by-international-partnerships-localised-production-and-regulatory-standards/17681398-1-eng-GB/Halal-food-market-poised-for-growth-driven-by-international-partnerships-localised-production-and-regulatory-standards.jpg)
Halal food market poised for growth driven by international partnerships, localised production and regulatory standards
According to the State of the Global Islamic Economy 2023/24 Report, Muslim consumers’ spend on food and beverages increased by 9.6% in 2022 to reach US$1.4tn, up from US$1.28tn in 2021. This is forecasted to reach US$1.89tn by 2027, growing at a CAGR …