How attractive is Spain’s halal food market?
Spain’s food and beverage market was estimated at $127 billion in 2015. The country’s 1.9 million Muslims contirbuted around $2.9 million to this total. This expenditure is expected to increase by 3 percent cumulative annual growth rate (CAGR) till 2020. Considering the rapid growth in the number of companies becoming halal-certified—now at over 300—and the access to export markets, what opportunities are there for F&B companies to address the demand for halal food in Spain?
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RELATED Overview-Halal food gaining market share in Spain's $127 billion F&B industry |
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