Beyond meat: India’s halal industry prepares for major growth as awareness, demand rise
MUMBAI - India has the third-largest Muslim population in the world but it still lacks the level of business ecosystem and awareness needed to achieve the true potential of its halal market.
Despite an estimated $66 billion spent by 180 million Muslims domestically in 2018 on food, pharma, cosmetics, travel, clothing, and recreation and culture, according to data from growth strategy and advisory firm DinarStandard, the country is still considered to have a huge untapped market for halal products.
“[The] halal industry is still in its infancy in India,” Anis Mohammed, Partner, Seahath Canning Company, told Salaam Gateway.
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