Current challenges for halal pharmaceutical growth
23 Sep 2015
Insight
Salaam Gateway
Halal pharmaceuticals, cosmeceuticals and nutraceuticals can create exciting niche growth opportunities addressing the needs of Muslims and non-Muslims. Muslim market spend on pharma alone
was $75 billion in 2014 and projected to hit $106 billion by 2020. However, there are major challenges including the lack of harmonised standards and sourcing halal-compliant ingredients.
Salama Evans, DinarStandard Senior Associate