SGIE Report 2024/25: Halal food sector strengthens across Gulf, Europe; tech investments thrive
The halal food sector is undergoing considerable transformation, driven by structural shifts due to regional consolidation, consumer consciousness and rising ethical considerations.
Key trends such as regional manufacturing and strategic market consolidation, and significant investments in the Gulf, Europe, and emerging markets are dominating the halal food space.
Numbers back the optimism. Muslim consumer food spending increased 2.6% in 2023, reaching $1.43 trillion, according to the State of the Global Islamic Economy (SGIE) 2024/2025 Report. Spending is projected to reach $1.94 trillion by 2028, growing at a CAGR of 6.2%.
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