Current challenges for halal pharmaceutical growth

BY Salama Evans, DinarStandard Senior Associate

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.

Current challenges for halal pharmaceutical growth

BY Salama Evans, DinarStandard Senior Associate

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Salama Evans, DinarStandard Senior Associate