MARKET CAP
The global halal market’s current value is estimated to be over $2 trillion USD and growing at an unprecedented rate. [Pew Research]
ANNUAL SPEND
Muslim consumers in North America spend, on average, almost twice as much per month on meat related purchases than any other demographic in Canada. [AARD]
GDP
Muslim households, especially in North America, have incredibly high GDP as they tend to be highly educated and spend a significant amount of annual income on halal certified goods like meat products and processed foods. [Pew Research]
HUGE GROWTH
The market for halal products has grown considerably in the last ten years, mostly due to increased sales in halal meat products but also due to increased availability of commercially processed [halal certified] foods. [Pew Research]
MULTI-NATIONAL
Large food service companies and retailers like McDonald’s, Yum!Brands, Nestle, Walmart, and Tesco have embraced and been dominating in this space connecting millions of Muslims to premium products all around the world. [Yahoo Finance]
NICHE MARKETS
Industries like cosmetics, personal care, healthcare, and pharmaceuticals will be huge growth areas for the halal market as demand for these goods in certain regions, especially South East Asia and the Middle East, is growing at a rapid pace. [CNBC]
HEALTH & SAFETY
Halal slaughterhouses and meat packers have been awarded an ever increasing number of government, healthcare, and education food service contracts since halal certified products are of extremely high quality, follow strict food safety guidelines, and are competitively priced. [Yahoo Finance]