Halal food industry: 2019-20 'momentous' with launch of new national strategies
What were the biggest developments in the global halal food industry in 2019-2020? The State of the Global Islamic Economy 2020/21 report from DinarStandard gives a detailed breakdown of the movements in the industry, with the biggest developments being national halal strategies and the impact of COVID-19.
MARKET SIZE
- The three biggest F&B consumer markets of the Organization of Islamic Cooperation (OIC) countries were Indonesia ($144 billion), Bangladesh ($107 billion), and Egypt ($95 billion).
- Overall, 1.9 billion Muslims around the world spent some $1.17 trillion on F&B in 2019.
- $200 billion worth of food and beverages were exported to the 57 member countries of the OIC in 2019.
- The biggest exporters were Brazil ($16.2 billion), India ($14.4 billion) and USA ($13.8 billion).
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