FINANCIAL NEWS

Halal food & lifestyle market spending reach USD 3.7tr

02 Feb 2016

(MENAFN) Worldwide spending on Intl’ Halal food& lifestyle products increase 10.8 percent a year until 2019 to make a global industry value USD 3.7tr.

Accordingly, Halal food viewed huge advancements in the past year, which involve investments by a Brazilian Halal food producer in a UAE plant.

Moreover, the Halal tourism sector also advanced trailing product investments in the UAE, the Maldives, and Spain, Japan and others, which represents 11.6 percent of global tourism spending.

In addition, the sector alone will increase to a valuation of USD 2.537tr by 2019, up from USD 795bn in 2014, connecting to 21.2 percent of global food spending.

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